Financial Stress Test

Get rid of your money worries forever by Stress Testing your plan, the Super Rich do, so should you!

Rationale for Stress Testing

  • Used to avoid Potentially Destructive Situations
  • And to ensure you can benefit from every possible opportunity.

The Need for Stress Testing:

Wealth Plans are dated… circumstances have changed

  • The level and structure of the family’s assets
  • Changes in family and other relationships

Wealth planning was done incrementally

  • A piecemeal process
  • Lack or synergy
  • Opportunities for cost reductions

Wealth planning is not as good as it could be

  • Pretenders and Exploiters
  • Availability of superior solutions
  • Too focused on technical wizardry and not the Human Element

Common Errors Found when Stress Testing

  • Income mitigation strategies not considered (These strategies would bring down the tax bite)
  • Estate plans don’t provide for your heirs like you want them to
  • Excessive amounts of poorly structures life insurance
  • Personal umbrella policies are inadequate (You want your umbrella policy to match your net worth)
  • Family wealth could easily be lost when children divorce
  • Inheritors likely to go to war
  • Asset protection plans have deadly “backdoors”
  • Charitable monies can easily be redirected

Two ways stress testing plays out

Stay the course (The things you have in place will pan out)

Or one of three things

  • Improve your plan
  • Identify and Fix problems
  • Show you strategies that might be useful that other people have not

Want to ensure you don’t have any gaps or missed opportunities in your wealth planning? Click here to “Stress-Test” your current plan FREE.

Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Gold Family Wealth, LLC), or any non-investment related content, made reference to directly or indirectly in this newsletter will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this newsletter serves as the receipt of, or as a substitute for, personalized investment advice from Gold Family Wealth, LLC. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Gold Family Wealth, LLC is neither a law firm nor a certified public accounting firm and no portion of the newsletter content should be construed as legal or accounting advice. A copy of the Gold Family Wealth, LLC’s current written disclosure statement discussing our advisory services and fees is available upon request. If you are an Gold Family Wealth, LLC client, please remember to contact Gold Family Wealth, LLC, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services.

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Stress Testing: Are you 100 percent sure everything in your financial and wealth plans will deliver as promised?

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