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Education
Saving for education has its challenges: costs are rising faster than
inflation rates, financial aid is much harder to qualify for, and just
how can you find the means to provide for your children’s education?
The value of a college education has been proven time and time
again — individuals with a college education are generally more
successful than those without. We will help you navigate funding options,
develop a plan, and get your children the education you value so much. We
love receiving commencement announcements!
Estate
Estate planning is crucial especially if your estate’s total value
exceeds the exemptions currently allowed. We understand that you want to
direct the transfer of your wealth to those you love and the charitable
institutions you hold dear. However, having the necessary liquidity to pay
estate and other transfer taxes and make the charitable gift you desire
requires planning. You certainly don’t want your heirs selling your
assets at a fire sale in order to pay Uncle Sam. With the proper planning
and tax strategies, you can reduce your tax liability to little or none
— something worth looking into.
Estate planning requires an attorney to advise and draft the necessary
documentation. Cabourne & Associates does not practice law. We can
work with your estate-planning attorney or, if necessary, introduce you
to one. As your financial advisor, we would coordinate the financial
aspects of your estate-planning needs with your chosen professional.
These needs could be, but are not limited to, living, irrevocable,
charitable, generation-skipping, and special needs trusts.
Business
If you’ve spent a good portion of your career as a business owner,
professional service provider, and/or an entrepreneur, doesn’t it
make sense to get a return on all the time and money invested in the
spawning, development, and growth of your successful business, as opposed
to giving it away or simply letting it whither away when you start your
retirement?
No matter where you are on the road to retirement, a succession plan
is vital to exiting your business and realizing your life after the
business.
We understand that as a business owner, your employees are your greatest
resource. Finding employee benefit programs that add value to your current
employees will help you retain your workforce now and in
the future.
Asset Protection is another matter for individuals who are susceptible to
litigation or risk of liability. We understand that you cannot afford to lose
your life’s savings to lawsuits or creditors. We will develop a plan to
secure and protect your assets.
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