Once we assess the type of assets you own through our Family Wealth Worksheet questionnaire, we will better understand your specific risk factors and the level of protection you desire.
We assist our clients in determining the appropriate level of asset protection planning for their particular circumstances.
We consider:
If you have a business, it is necessary to review how it is set up. Our Small Business Legal Audit is a key first step.
Customized combinations are layered depending on your needs. There are many different strategies to accomplish the protection of your assets while you are alive and after you are gone.
Contact us at (650) 761-0992 for a Family Wealth Planning Session™ or book an appointment online now to find out which strategies may be right for you.
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And even more importantly – have you thought about what happens to your loved ones if you’re forced to leave your business unexpectedly because you die or become ill?
Like most entrepreneurs, your business and your family are your greatest loves. Show them just how much you care for them by making sure there’s a plan in place for their care, and the management of your business, when you’re no longer at the helm.
The Business Owner's Dilemma
Picture this: You're lounging on a beach, sipping a colorful drink with an umbrella, and basking in the glory of retirement. Sounds dreamy, right? Now, imagine your business, left to fend for itself like a lost puppy in a rainstorm. Without a clear plan for succession, your business could face uncertain times ahead, and the thought of your hard work going down the drain is anything but relaxing.
Plus, it keeps more money in the family and out of the hands of Uncle Sam.
In return, you get employees who are committed, work well in a team, and are loyal. This might even set the stage for a long-term succession plan for your family business.
Adding to these advantages, bringing your kids into your business can also lead to some helpful tax savings. Thanks to the Tax Cuts and Jobs Act (TCJA), these tax benefits are now bigger than ever.
However, it's crucial to ensure that if you hire your kids, they actually do real work, and you pay them fair wages. Otherwise, you might draw unwanted attention from the IRS. Some of the benefits of the TCJA will be expiring in 2025, so make sure to take advantage of these benefits this year while you can. I'll provide more details on this below.
In a world where skepticism and misinformation prevail, nurturing authenticity and reliability in your brand is essential to building and keeping your client base.
In this blog post, we will delve into effective strategies that will not only build client connections, but also foster trust through the power of your business' branding and communication.
Plus, we’ll explore how living your brand of trust, transparency, and fairness throughout your company’s Legal, Insurance, Financial, and Tax systems will set your company up for success.
Show Clients You’re Serious By Using Consistent Branding
To attract and keep clients, they need to trust that your business isn’t just making things up as it goes or running on fumes - that it might close shop in a year or completely change its style as it discovers who it is.
Consider this: the mark of a great leader often lies in their emotional intelligence. Reflect on the leaders you admire, and you'll likely find a common thread—they leave you feeling uplifted and connected. On the flip side, think of those who fall short in the leadership department—they might come off as reactive, inscrutable, distant, or chilly, leaving you with a sense of uncertainty or even fear.
What you're experiencing is the stark contrast between someone with well-integrated emotional intelligence and someone lacking this crucial skill. Elevating your emotional intelligence isn't just a touchy-feely concept; it's a strategic move that can empower you to take risks, champion your ideas persuasively, and trust your instincts even when doubts loom large.
Failure to invest in your emotional intelligence can be a pricey misstep, leading to financial and legal blunders like seeking advice from the wrong sources, disregarding your gut feelings, or
withholding crucial communications from partners, vendors, and team members.
Through the handbook, you get to introduce your team to the company's values and culture, offering a clear understanding of expectations on both ends—what you anticipate from them and what they can anticipate from you.
Each company’s handbook needs to be different depending on the size, structure, and nature of the business, but every handbook should achieve these three things:
01 | Set Expectations, Cultivate Understanding
In any workplace, an employee handbook should nurture the company’s healthy growth. It's not just about laying down rules; it's a means of transparently setting expectations. By clearly defining roles, responsibilities, and the values you hold as a business and as a person, you cultivate a mutual understanding between you and your team. This shared vision becomes the backbone of a positive work culture, where everyone is aligned, motivated, and contributing to the company’s success.