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Planning for Planning for

Planning for - PowerPoint Presentation

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Planning for - PPT Presentation

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

estate services real management services estate management real trust business wells fargo legacy asset investment mineral bank clients assets

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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

Specialized

Wealth Services

Professional guidance to manage

your

unique

assets

and

changing

needs

Business

A

dviso

r

y

Services

Business

Advisory

Services Helping business owners manage, value and transition privately held companies

Legacy

Trust

Legacy

Trust

Helping

families

preserve

and

transition

wealth to benefit multiple generations

Phila

n

th

ropic

Services

Philanthropic Services Helping individuals and nonprofits fulfill their charitable goals

Estate Services

Estate

Services

Providing

clients

with

the comfort of knowing their wishes will be followed

Life

Manageme

n

t

Services

Life

Management ServicesHelping clients maintain their personal and financial independence.

Real

Estate

Asset

Manageme

n

t

Real

Estate

Asset

Management

Providing professional

real

estate asset

management services for clients

International

Client

Investment

Services

International

Client

Investment

Services

Providing asset management in U.S. markets forNon-Resident Aliens (NRA)

Oil,

Gas

and

Mineral

Manageme

n

t

Oil,

Gas and

Mineral

Management

Helping

clients

manage

oil,

gas, and mineral royalties and assets

Special

Needs

Trust

Services

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

Services

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

as your trustee or executor?n What concerns do you anticipate arising during the settlement

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

want to have over your trust?n How will you pass your personal values on to future

generations?n

How important is minimizing state

income tax and transfer tax

to you?

n Do you have real

estate or a family business that you would like to pass to

future generations?

Philanthropic Services

Philanthropic

Services

For

Individuals

n

Do

you

have a strategy for managing

your charitable interests?

n What inspires

you to make a

charitable gift?For Institutionsn What trends are you seeing in your

fund raising efforts?n How comfortable are you that your board is following

prudent investment standards?

Life

Managemen

t ServicesLife Management Servicesn Looking ahead, what support might you need to be able to

stay in your

home?n How

do you manage your day-to-day finances?

n What keeps you

up at night?For Family Membersn Has your loved one’s

behavior changed? Are they vulnerable to undue influence?

Real Estate

Asset

Managemen

t

Real

Estate

Asset

Management

n

Do

you own or want to own any investment

property?n

How do you plan to

transfer your real estate investments to your

heirs? Or do you

plan to sell?n How do your real estate assets align with your total portfolio, liquidity, and

diversification?n Do you have any current challenges with your real estate?

International

Clien

t

In

vestment ServicesInternational

Client Investment Services

:n Are you a non-resident non U.S. citizen?n Are you

interested in investing in U.S. securities or

real estate?

n Are you

concerned about U.S. estate and

transfer taxes?

n Have you considered

what would happen should

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

can no

longer

manage

these

assets?

Special

Needs

T

rus

t

S

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

…..........