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Families with Taxable Estates

Crafting a comprehensive Financial & Estate plan for a family is a personal experience and demands a customized process and outcome. Two families with nearly identical estates may have extremely different concerns and objectives. 

The key is to create a plan that is tailored to each family’s unique considerations. Here's a glimpse into our personalized process:

 

Step 1: Initial Conversation

In advance of an initial meeting, potential clients complete our Preliminary Data Questionnaire (PDQ).

 

Step 2: Presentation of Cost Value Analysis

This in-depth analysis, based on the data collected, allows prospective clients to evaluate the cost and benefits of engaging Stavis Wealth.

 

Step 3: Engagement and Annual Contract

We engage our clients with an annual contract for our Financial & Estate Planning consulting services. Ongoing Investment Management fees are outlined in our ADV.

 

Step 4: Money and Meaning Conversation

We get to know and understand both the goals and objectives for our clients' wealth accumulation and transfer objectives.

 

Step 5: Plan Design

Internally, we design a plan tailored to our clients' unique holistic Financial Planning needs. We assist our clients in solidify their investment goals, risk tolerance, and help determine the need for income to determine appropriate asset allocation.

 

Step 6: Estate and Financial Plan Presentation
 
We review assumptions, goals, and capacity for gifting and present a variety of options in a simple, concise format, allowing our clients to evaluate each idea.

 

Step 7: Assemble the Team

We assemble a well-rounded team, including a certified estate planning attorney, tax preparer, business valuation experts, and other members of the clients' existing multidisciplinary team. 

 

Step 8: Implementation

We collaborate with the chosen multidisciplinary team members, throughout the year, to bring the planning desires, appropriate legal documents, income and estate tax implications, and philanthropic strategies to fruition.

 

Step 9: Renewal

Prior to the anniversary of the planning contract, Stavis Wealth and the client evaluate completed work from the past year in order to determine scope of work for the upcoming year.

 

Step 10: Family Retreats

This optional service offers a unique opportunity to align families in investment, estate and charitable goals. These dedicated sessions provide insights into a family’s holistic financial picture and will include conversations on new ideas regarding the accumulation, preservation and transfer of wealth. 

Click here for more information on our Family Retreats.