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- Click here to TAKE the 59 second Estate Plan Quiz.
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Tax Planning Tax Planning For individuals and businesses alike, proper tax planning is essential to ensure financial success. FB&L will work with you to pay the least amount of taxes mandated by law. We will also help you project your future tax requirements allowing you to use today’s resources more appropriately. With proper tax planning, our clients know their tax liability long before the due date of the return. For More Information About This Service Please Go to Contact Us.
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Financial Planning Financial Planning Financial Planning is crucial. Essentially it involves making the most of your finances to leverage your future financial position. At FB&L we look at the “big picture” where you are now, where you want to be, and the lifestyle you require. In fact, we saw financial planning as such a crucial service for our clients that we took steps to further our expertise. Several of our professional staff has passed numerous NASD security exams. We also have licensed Life Insurance agents and the highest rated personal financial certificate, that of Certified Financial Planner. We will assist you the RITE way, guiding your investment planning through: R- Retirement I- Insurance T- Taxation E- Estate Given all those considerations you can rest assured we offer you the financial savvy and professional integrity you deserve when planning for your financial future. If you’d like to contact us about Financial Planning services-simply go to Contact Us. and let us know.
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Retirement Planning Retirement Planning We can no longer rely on there being a safety net for our old age. Benefits like Social Security, Pensions, and Welfare are not set in stone- and even if they were, they’re not likely to provide enough for the lifestyle you’d like to enjoy during your golden years. For More Information About This Service Please Go to Contact Us. We are all living longer, and are dependent on the income we generate throughout our working lives. Clearly retirement planning is vital. At FB&L we take into account your current lifestyle, income levels, projected income leading up to retirement and create a plan that is going to support your needs now and in retirement. While it is hard to predict what the future holds, planning today will prepare you for your future. If you’d like to contact us about your Retirement Planning- simply go to Contact Us and let us know.
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Insurance Planning Insurance Planning Insurance Planning in the 21st Century is not the same as buying a life insurance policy in the 1950s! Today’s products have all the flexibility you could ever imagine. The insurance product mix can touch upon living needs, retirement, estate, charitable giving and even funding your child’s education. They can have guaranteed rules of return, they can be stock market (mutual fund) driven and your premiums can vary if your personal cash flow varies. Our experienced planners and Life Agents can answer all your questions, no matter how basic. They can also suggest “advanced” ways of using Life Insurance to give you greater security and financial stability for you and your family. For More Information About This Service Please Go to Contact Us.
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Estate Planning Estate Planning Your estate may have to pay estate taxes before your assets can be distributed to your loved ones. Federal estate taxes are huge! They begin at 37% and quickly climb to 55%. Making this tax even more painful is the fact that your estate taxes are due nine months and must be paid with cash. Few estates possess this kind of cash and must then be liquidated to pay the required tax. Who has to pay estate taxes? Your estate will have to pay estate taxes if its net value when you die is more then the "exempt" amount set by Congress at that time. Here is the current schedule.
In addition, family-owned businesses and farms that qualify can take a special deduction of up to $675,000, making a total of $1.3 million exempt from estate taxes. With the correct planning any single estate can be substantially reduced or eliminated. For More Information About This Service Please Go to Contact Us.
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Marriage / Divorce Planning Marriage / Divorce Planning Goodness knows you have more than enough to organise when you're preparing for a marriage. Not only is it a time filled with excitement and happiness - it's also a hectic busy time. All too often the financial implications of marriage (and of divorce and re-marriage) are overlooked, or not considered fully in the excitement. People who have recently changed their marital status or who are planning such a change may have important financial and legal decisions to make. These decisions might deal with property ownership, providing for children's welfare, post-mortem planning, and day-to-day finances. You should always consult with your Financial Advisor to discuss the financial steps appropriate to a change in marital status. If, at the other end of the scale, you are considering a divorce, it's imperative that you take appropriate action to plan for the dissolution of the financial partnership in your marriage. Such dissolution involves dividing the financial assets you have accumulated during the years of marriage. If there are children involved, future support given to the custodial parent must be planned for. If you take the time and the correct measures now to prepare and plan for all eventualities it will pay off later on. As always, you should seek the advice of your professional advisors to ensure you take the steps that are appropriate to your individual situation. See Litigation Support. For More Information About This Service Please Go to Contact Us.
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Entity Planning Entity Planning Choosing the appropriate entity for your business is a complicated and confusing issue. Your many choices include:
For More Information About This Service Please Go to Contact Us.
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Business Succession/Exit Planning Business Succession/Exit Planning Handing over your business to family members successfully can mean the difference between being financially sound for life or losing the value of many years of hard work and effort. More than 70 percent of family-owned businesses do not survive the transition from founder to second generation. Rather, they fall prey to either the estate tax or family discord. Developing and implementing a well-designed plan is essential to the long term success of the business you've grown and developed from the very beginning. Succession planning also applies irrespective of whether you have family members looking to take over the business. One day you are going to need to exit the business, through retirement or sale. Succession planning covers the key steps to prepare the business for that moment. In the event of selling the business to an outside buyer, we can manage that process for and with you as that can be an arduous undertaking. It's important to bear this concept in mind: ultimately, for your business to truly be a realizable asset for you, you need to constantly be working on it with a view to selling it sometime in the future. Whether you do sell it or not is irrelevant, keeping that frame of mind means that at least you will always be in a position TO sell it and realize it's true value, if you should ever want or need to. That focus gives you a greater awareness of the need to systemize your business and make it less dependent on you. People want to buy businesses that work, not businesses that are run by people that work and work and work … Succession planning then is an ongoing, ever improving process and is just as much about working ON your business as planning for the future. (Ask us about the concept of working 'ON' your business rather than 'IN' it and just what that could mean to you!) If you'd like to contact us about our Succession Planning services - simply go to Contact Us. and let us know.
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Stock Option Planning Stock Option Planning In today’s competitive employment market, stock options are an integral part of compensation packages. Understanding the type of option you hold and the tax and financial consequences is essential. As an option holder, you may have either incentive stock option (ISOs) or nonqualified stock options (NSOs). The tax consequences of each type of option differs greatly. You can count on the team at FB&L to help you maximize your cash flow and minimize you tax burden with proper planning. For More Information About This Service Please Go to Contact Us.
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Neat Planning Stuff Neat Planning Stuff For More Information About This Service Please Go to Contact Us.
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OUR MISSION: To Provide Comprehensive Financial and Tax Planning With Implementation
