the Future Nicholas Karavidas Principal Wine Concepts amp Design International Kenneth F Levy CFP Levy Daniel and McGee Wealth Management David McAlvany Author The Intentional Legacy ID: 622919
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Slide1
Planning for
the Future
Nicholas
Karavidas
Principal, Wine Concepts & Design, International
Kenneth F. Levy, CFP
Levy, Daniel and McGee Wealth Management
David
McAlvany
Author, The Intentional LegacySlide2
The Power of EmpowermentSlide3
THE ISSUE IS LEGACY
Definition
- THE SUM TOTAL OF VALUES AND VISION WE LEAVE TO OTHERS IN THE FORM OF TANGIBLE AND INTANGIBLE ASSETS.
A Legacy balance sheet is comprehensive. . .blessings and baggage!
(We receive both assets and liabilities)
Each generation must choose.Slide4
Legacy Baggage- the Albatross
Definition
- ANYTHING NEGATIVE, UNREDEEMED, UNHEALED, OR BURDENSOME PASSED FROM ONE GENERATION TO THE NEXT.The necessity of a redemptive ethic. . .“The Problem with baggage is it effects other people’s trips”
Book
The Intentional Legacy
:
What You Want For Your Family, Why You Want it, and How To Get There
davidmcalvany.comSlide5
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Business
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r
y
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Business
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Legacy
Trust
Legacy
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n
th
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Providing asset management in U.S. markets forNon-Resident Aliens (NRA)
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Special
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Special
Needs
Trust Services Helping address the needs of individuals living with a disabilitySlide6
Specialized
Wealth Services
Questions for your
consideration
Business
A
dviso
r
y
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Business
Advisory
Services
n
Are
you
a
business owner?
n What happens to your business if you are not
around?
n What’s your long-term business
transition or exit plan?n When did you last review your buy-sell agreement?
Estate
S
e
r
vic
es
Estate
Services
n
When
was the last time you reviewed your will or trust?n Who is named
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process?n How comfortable are you with your plans to settle the estate?
L
ega
cy
Trust
Legacy
Trustn What kind of control and flexibility do you
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n
Do
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Life
Managemen
t ServicesLife Management Servicesn Looking ahead, what support might you need to be able to
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Real Estate
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t
Real
Estate
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n
Do
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How do you plan to
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t
In
vestment ServicesInternational
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:n Are you a non-resident non U.S. citizen?n Are you
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concerned about U.S. estate and
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you become incapacitated?
Oil,
Gas
and
Mineral
Managemen
t
n
Oil, Gas and
Mineral
Management
n
Do
you own
oil,
gas,
and
mineral
interests?
Who
manages
the
properties?
You?
Or
other
family
members?
n
What
are
your
specific,
long-term goals
for
the
assets?
n
Who
will
be
involved
when
you
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longer
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assets?
Special
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rus
t
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e
r
vic
es
Special
Needs
Trust
Services
For
Individuals
n
Is
there
someone
in
your
family
living with
a
disability?
n
What
safety
net
do
you
have
in
place
for
your loved
one
living with
special
needs
if
something
happens to you?For Personal Injury and Trust & Estate Attorneysn Who do you suggest as a corporate trustee when your clients have a:Personal injury case?Third-party special needs trust?
Specialty
asset
investments,
including
real
estate,
mineral interests,
and
closely held
businesses,
carry
unique
risks,
including
lack
of
liquidity
and
potential
complex
tax
consequences,
and
may
not be suitable for all investors. Wells Fargo Wealth Management provides products and services through Wells Fargo Bank, N.A. and its various affiliates and subsidiaries. Wells Fargo & Company and its affiliates do not provide legal advice. Please consult your legal and tax advisors to determine how this information may apply to your own situation. Wells Fargo Bank, N.A. (the “Bank”) offers various advisory and fiduciary products and services. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company. Financial Advisors of Wells Fargo Advisors may be paid an ongoing or one-time referral fee in relation to clients referred to the Bank. The role of the Financial Advisor with respect to Bank products and services is limited to referral and relationship management services. The Bank is responsible for the day-to-day management of the account and for providing investment advice, investment management services, and wealth management services to clients. The views, opinions, and portfolios may differ from our broker dealers. © 2017 Wells Fargo Bank, N.A. All rights reserved. NMLSR ID 399801WM29864 (IHA-3688301) Valid through 06/30/18 CAR 1216-02534Slide7
In the Future, My Family & Business Will
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