Gold Family Wealth will guide your estate planning and coordinate with private client attorneys specializing in Trusts and Estates. Our goal is to ensure your heirs are provided for and your estate plan is current with the ever changing landscape. To that end we provide advise on the right structures and financial solutions to determine the future disposition of your current and projected assets. Please note: we do not provide legal advice. A consultation with your attorney is advisable.
GFW can help you develop a proactive Financial Plan. By steering you towards a variety of advanced planning solutions we can assure that your plan is tax efficient . Please be advised, Gold Family Wealth (GFW) acts as an advisor. GFW is not a CPA. Consult with your CPA prior to putting strategies into action.
Marital Planning is to ensure you and your spouse take the appropriate steps to protect your financial future should you have to deal with the sad reality of the ending of a marriage.
- Protecting you from debts incurred by either spouse prior to the marriage
- Safeguarding the interest of children from a prior marriage
- Avoiding a contested divorce that might incur large legal fees and adverse publicity
- Planning legal solutions, such as prenuptial agreements, are set up correctly
Be advised, Gold Family Wealth, LLC does not provide, legal advice, please consult your attorney.
While the increase in life expectancy is a positive, it also means it is essential to assess your wealth to be sure you are well positioned for your money to go the distance. With rising medical and healthcare costs, proper longevity planning is a must for a longer lifespan. Gold Family Wealth can help you make the right choices utilizing advanced planning and new solutions.
In order to offer to our clients superior investment planning services Gold Family Wealth has strategically partnered with Gerstein Fisher, a wholly owned subsidiary of People's United Bank. Gerstein Fisher manages over $2.5 billion in assets, specializing in quantitative finance and multi-factor investing.
Together we employ strategies aimed at protecting your wealth as your objectives shift from accumulating wealth to preserving it. This may include restructuring of assets to preserve and sometimes boost your finances. The goal is to assure that you have the money needed throughout your lifetime to protect your independence, dignity and to maintain your quality of life while factoring in the fundamental threats we all face, such as: inflation, taxes, longevity, disappearing entitlements, health, and the ever-changing global economy.
Asset protection builds a virtual wall around your wealth that can help protect you from creditors, litigators, ex-spouses and others. This wall creates a line that is as difficult as legally possible for litigators, creditors and others to cross.
Asset protection planning also helps to ascertain appropriate utilization of risk transfer through the following vehicles:
- Property-casualty insurance (homeowner’s, auto, rental, personal excess liability [umbrella]
- Health, disability insurance, life, long-term care
- Directors’ liability and professional liability insurances
- The effective use of state law exemptions
- Various forms of ownership that either put an asset beyond the reach of a creditor or make these assets less desirable for creditors
- Current business restructuring
- Gifting of assets when there are no current creditor issues to lessen the likelihood of raising fraudulent transfer issues
- Structure any expected gifts and/or inheritances to protect them from claims of creditors
Think you may sell your business someday? In order to walk away with the maximum amount of money in your wallet astute negotiations typically help owners secure the best price. But there is more to it. Thinking ahead is a must. Make sure you explore all avenues, including the valuation, agreed upon sales price, potential tax exposure and residual proceeds. And that all translates into meticulous pre-sale planning.
So what does pre-sale planning involve?
Corporate preparation: This helps companies function better and appeals to potential suitors. It includes all activities of organizing a company for a sale:
- Improving the balance sheet. Finding better methods for cash management and accounts receivable. Removing nonperforming assets and extraneous personnel.
- Addressing the cost of funds, with the overall intent of maximizing working capital arrangements.
- Enhancing profits. Eliminating “bad” customers and refining operations, thereby increasing gross profit margins.
- Coordinating a formal valuation. This is generally required for ownership transfer, regardless of whether the transition occurs between family members, within the current employee base, or to an outside individual or corporate entity.
Advanced planning: Advanced planning is to ensure you get the greatest advantage prior to, during and after your exit. Timing is everything. You must act well before the sale to ensure the greatest benefit to protect your wealth and to mitigate tax exposure for yourself and your heirs.
Selling your company will have an enormous impact on your personal and financial life. It’s crucial to take all the right steps to get the best possible outcome. Gold Family Wealth is here to help you every step of the way.
“Plain vanilla” retirement plan options may not serve business owners’ best financial interests. Based on your “Total Client Profile” Gold Family Wealth can steer you towards more sophisticated retirement benefit plans that will allow you to make sizable contribution to help build wealth and maximize tax benefits.
If one of your life goals is to use your wealth to make an impact on the world, Gold Family Wealth can advise you on the right course of action. Planned giving also coordinates philanthropy with your other financial goals, such as tax mitigation and estate tax reduction.
Planned giving is the process of making a significant charitable gift, during your life or at death, that is part of a broader financial or estate plan. In contrast, a charitable donation made from your cash flow is not a planned gift.
There are a variety of advanced planning solutions that can help you make an even greater impact to the causes you are passionate about while reducing your taxes and building your wealth.
Planned gifts take a number of forms. Generally speaking, planned gifts provide you with a financial benefit on top of tax deductions—benefits that were put into the tax code specifically to encourage planned giving include:
- Will Bequest
- Private Foundation
- Donor Advised Fund
- Charitable Trust
- Supporting Organization
- Charitable Gifts of Life Insurance
While planned gifts can produce substantial benefits for donors, it is very important to remember charity comes first in the equation. If tax mitigation is your only concern or your primary concern, other wealth management strategies separate from planned giving are likely to give you better results.