Enhancing The Value of Your Business Ahead of Your Succession Plan

By: David R. Foster, JD, AEP, CLU, ChFC, CAP FLMI The life cycle of a closely held business can be compared to that of your typical family home. When you are considering the purchase of a home you analyze location, price, size, current mortgage rates and the overall appeal of the home. You have a [...]

Buy-Sell Agreements Need Regular Check-Ups

By: David R. Foster, JD, AEP, CLU, ChFC, CAP FLMI Buy-Sell agreements are commonly implemented by business owners to place legal limitations and guidelines on future transfers of their business interests, thereby securing a smooth transition of the business. Properly documented buy-sell agreements also help to assure the continued success of the business by avoiding [...]

Building Flexibility into your Wealth Transfer Plan

By: David R. Foster, JD, AEP, CLU, ChFC, CAP FLMI “The only constant in life is change."Heraclitus Developing a strategy to accomplish your wealth transfer goals is a unique experience. Other forms of financial planning generally involve a known time frame to reach your goals. When you plan for your retirement, you probably have a [...]

Planning for Incapacity

Protect your Financial, Estate, and Business Goals from the Risk of Incapacity or DisabilityResearch by the U.S. Department of Health and Human Services estimates that about half (52%) of Americans turning 65 today will develop a disability serious enough to require long-term services and support. Long-term physical and mental incapacity can have far-reaching implications on [...]

Planning Your Charitable Gifts During A Crisis Event

By: David R. Foster, JD, AEP, CLU, ChFC, CAP FLMI During moments of crisis, be that a global pandemic, a natural disaster, or economic downturn, many individuals and families step up to provide support for those who are negatively impacted. They use their time, effort, talents and financial resources to help out those in their [...]

Impact of Low Rates and Market Volatility on Annuities

Today, about 50 Million Americans are retired – left the workforce to rely on their assets, social security, and pensions to maintain a comfortable lifestyle in retirement.  2020 is proving to be a year to test that word comfortable. For many, annuities are a great tool to plan for retirement.  After a lifetime of work [...]

Low Interest Rates Present Numerous Wealth Planning Opportunities

by David R. Foster, JD, AEP, CLU, ChFC, CAP, FLMI One of the few silver linings in the recent economic cloud is that interest rates are at historically low levels. In addition to mortgage refinancing opportunities and low payment obligations on variable loans, low interest rates present an opportunity to take advantage of certain wealth [...]

Families and Young Investors Should Consider These Financial Planning Opportunities

The Coronavirus has presented many unique challenges to every world citizen.  In response to the spread of COVID-19, a number of relief options have been made available to American taxpayers in an attempt to financially navigate our challenges.  We want to help you identify the opportunities within these options and focus on the valuable financial [...]

2020 CARES Act and You

Financial Considerations for Individuals and Business Owners On March 27, 2020, President Trump signed the Coronavirus Aid, Relief and Economic Security (CARES) Act to provide nearly $2 trillion of support to families and businesses during the COVID-19 pandemic. This is the largest economic relief package in US history, with provisions that will affect nearly every [...]

What Your Trust Can Truly Do

Nine Tips for Maximizing the Impact of your Trust Trusts are commonly used as an effective means of managing, protecting and transferring a family’s financial wealth. But like so many things in life, you only get out of it what you put into it. Trusts should not be parked in your estate planning garage and [...]

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