Advanced Planning
For clients with more complex planning needs, First Foundation Advisors offers a comprehensive suite of services that address a wider range of financial issues. To gain a complete picture of your financial situation, we'll also work with your other advisors - such as your attorney, accountant and insurance agent - to ensure that we implement the proper planning to achieve your objectives.
Our advanced planning services include:
- Comprehensive estate planning review
We conduct a comprehensive overview and analysis of your current estate planning tools and strategies, including wealth transfer vehicles, liquidity planning, and pre- and post-retirement planning, as well as your health and long-term care insurance coverage.
- Wealth transfer strategies
We evaluate your existing and alternative wealth transfer strategies, and help you consider your priorities and goals for their children and other beneficiaries. We can develop innovative tools and unique trust structures to meet the needs of you and your family.
- Family wealth transfer plan
A Family Wealth Transfer Plan helps to serve as a road map for values-based planning. Collaborating closely with your attorney, accountant and other advisors, we create a timeline along with the necessary steps to implement the estate plan.
- Insurance review and analysis
As part of your Wealth Transfer Plan, we analyze your life insurance options, which are often used when wealth is concentrated in illiquid assets such as real estate, privately owned businesses and restricted concentrated stock positions.
- Risk analysis
We perform an analysis of your current family legal ownership structure, planning objectives, current insurance coverage and related costs.
- Risk management strategy
We also assist your legal counsel in identifying appropriate asset protection strategies and restructuring legal ownership of "high-risk" assets (such as sole-proprietor business activities) to minimize any contingent risk exposure.
- Plan implementation and oversight
Once your asset protection strategy options are defined we can assist your legal counsel in building and implementing the plan's structure and, as needed, integrate it with your business strategies and personal estate plans. Additionally , we can also provide corporate governance oversight services over time to assure compliance.
