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Individual and Family Succession Planning
Estate Planning
Estate Equalization
Charitale Gifting

Succession Planning

Individual and Family Succession Planning

Setting up a plan for how net worth is distributed is crucial in many ways. Not only is providing a clear guideline to how wealth should be passed on to family members important, thus avoiding any intra-family conflict and legal actions, but substantial taxes may be due that puts the next generation under financial stress.

Estate Planning

With wealth and success comes other complications, such as Estate Taxes. We work with clients to make sure that as much of their net worth is passed on to the next generation, and not to the IRS.

Estate Equalization

When it comes to passing on net worth to the next generation, making sure that each of the children receives the amount desired is fundamental to Succession Planning. Perhaps one of the children is set to take over the family business, which is valued in the tens of millions and produces millions in annual revenue. However, the other children may not have an active role in the family business and may have chosen a different life path. Through Estate Equalization, parents can make sure that each child receives equal amounts of the family wealth, or however the parents should want the wealth to be distributed.

Charitable Gifting

Giving back to the community by gifting to an organization or project of interest, may not only provide large tax reductions, but can positively impact the community and provide additional personal fulfillment to the donor.

Business Succession Planning

Planning for the succession of a business can be stressful. Whether the intention is to pass it on to the next generation or a business partner, we work with business owners to ensure their business is passed on with sufficient capital and to the desired persons.

Premium Financing

Premium Financing is the concept of borrowing money from the bank at favorable rates to pay premium for large life insurance policies. Individuals with high Net Worth’s who may run into an Estate Tax issue need large life insurance policies. However, sometimes there is not enough liquid assets available to pay premium. By borrowing from the bank to pay for premiums, you are able to purchase all the life insurance you need to protect your Estate. Interest accrued from the bank loan can often be paid through the crediting within the policy, whether fixed or indexed. Once the policy has received enough crediting, the full bank loan can be repaid from the policy cash value.

Retirement Planning

At SKA Financial Group, we take a holistic approach to Retirement Planning. Retirement Planning is not just about having enough money saved, it is also about protection, strategic liquidation of assets, and a plan for successors. Potential costs of extended medical care, proper use of accumulated assets, and a proper plan for how your assets will be dispersed once you pass is key. We look at the whole picture to make sure your Retirement Plan is foolproof.

Wealth Accumulation Strategies

Whether you have recently entered the workforce for the first time or if you are well into your retirement, there is never a time where accumulating Wealth should be neglected. We take a holistic approach to your situation, your goals, and your risk tolerance. Through our uncommon solutions, we have the tools to keep your Wealth growing in good times and bad.

Comprehensive Financial Planning

We look at your Financial Plan to make sure you have the proper defense and offense in place to survive and thrive in any economic environment. From insurance to securities, we offer a wealth of experience in Comprehensive Financial Planning.

Business Succession Planning
Preium Financing
Retirement Planning
Wealth Accumulatio Strategies
Comprehensive Financial Planning
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