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Financial Planning
H&S began with a focus on estate planning. As the world's economic environment became increasingly more complex, the firm's clients needed and expected advice and counsel on an expanding range of questions concerning the overall management of their wealth. Investment, tax, and estate plans needed to be integrated into a customized strategy that met their long-term goals. Today, H&S's current practice represents a natural response toward meeting those needs. Living in a time where the only constant is change, H&S's financial plans are flexible enough to meet the changing needs and circumstances of its clients.
The Need For A Financial Plan
It has become increasingly difficult to accumulate wealth during one's working years to provide for retirement and to ultimately transfer that wealth to one's heirs. Between income and estate taxes, the Government could take up to 80% of a person's estate.
In order to achieve one's financial objectives, prudence would suggest the need for a financial plan that addresses one or more of the following topics:
Business continuation/transfer planning to address the effective transfer of a business interest to family members and/or other key persons
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Business continuation/transfer planning to address the effective transfer of a business interest to family members and/or other key persons |
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Business continuation/transfer planning to address the effective transfer of a business interest to family members and/or other key persons
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Cash flow analysis including family income requirements in the event of death or disability |
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Estate analysis and liquidity needs assessment including strategies for transferring wealth to family members free from both income and estate taxes
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Funding of children's education including tax effective accumulation strategies |
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Personal and business insurance analysis and planning |
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Portfolio design and management |
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Retirement planning including projected income requirements and the impact of long term care expenses on retirement goals
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H&S's Financial Planning Service Includes:
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A series of in-depth interviews to evaluate the client's current financial situation and develop an understanding of both personal and business objectives
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The development of planning, investment, and insurance strategies to achieve the client's stated objectives
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A coordinated effort with the client's other advisors, such as his/her accountant and/or attorney, in the development of the final plan
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The presentation of a written plan |
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Specific advice and assistance regarding plan implementation to make certain that everything gets done on schedule and according to the plan
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Periodic meetings to review and identify changes in circumstances and/or objectives
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