executive benefits

Non-qualified deferred compensation plans provide companies with a way to help highly compensated employees achieve their retirement goals. Businesses who wish to attract and retain key executives need the allure of a non-qualified plan.

A buy-sell agreement is an agreement between two parties in which the two agree to exchange goods or services. In terms of business, a buy-sell clause in a shareholder agreement preserves continuity of ownership in the business and insures that everyone is fairly treated, the buyer as well as the seller. It is a binding contract between business partners or shareholders about the future ownership of the business.

As a business owner, it is important that you understand the tremendous benefits in investing in a group insurance plan for your employees. Such plans can be cost-effective in complementing your compensation structures and making your company a more desirable place to work for talented employees. The return on investment for the business owner is both demonstratable and immediate, and it is what drives the popularity of these plans. By grouping individuals together, unit cost falls and results in savings for all of you people.

The value in business is always magnified by the effectiveness of the employees and especially the management. In all run businesses personnel is the secret to success. Without top flight valuable management businesses will struggle to survive. Because key personnel are essential to every business success the loss of key personnel can severely impact the long term viability of the organization. With this in mind, it is essential to identify this key ingredient and to assure that these individuals stay in place or the company is reimbursed for their unanticipated loss a/or departure.

Sooner or later, everyone wants to retire. But you own a family business; retirement isn’t just a matter of deciding not to go into the any more. Besides ensuring that your financial resources are sufficient, the whole question of what happens to the business when you’re no longer running it becomes paramount. Who’s going to manage the business when you’re no longer work in the business? How will ownership be transferred? Will your business be able to carry on? To whom can you sell it?

Managing our client’s money is a part of managing their wealth. The best way to get started is by developing a financial plan. But there are some questions that quickly come to the client’s mind. For ex., “How can I plan when everything seems so uncertain?”

Retirement planning is always an important subject. Clients must ask themselves, “How do I plan for retirement?”, Where do I begin? and “How much do I need to save and invest?”

Since the early 1990’s a boutique insurance industry has flourished that allows obsolete insurance policies to be purchased by entities apart from the issuing insurance companies. Because many insurance companies have recently demutualized and/or because crediting rates in existing insurance policies have fallen so dramatically that policies are imploding. It is prudent to determine the vitality of an individual’s policies as well as the ability of each individual’s policy to perform as desired as its implementation.

An estate is the total property, real and personal, owned by an individual prior to death that is distributed through a trust or will. Real property is real estate and personal property includes everything else, for example, cars, household items, and bank accounts. Estate planning distributes the real and personal property through various legal routes.

Financial security is often a major objective for most people. How financial security is defined varies from family to family, and from individual to individual. It even changes with life's stages.

For some people, it means having enough to send their children to the college of their choice. For others, it means being able to take vacations after they retire, or visit the grandchildren. Perhaps it means a second home on a northern lake or a southern shore, or something as basic as not having to worry about paying the bills.