High Networth Families
High Networth Families
There are many families that enjoy a high level of net worth, even as they live well within their means. Often these families do not have an abundance of cash or outside investments but rather land or properties that cause them to have potential tax and/or cash flow issues. Services that these clients often use include income property trusts (designed to continue income while transferring assets to junior generations) and entity development: Creating businesses, partnerships, or trusts to hold assets, Trustee services, Private annuities, Self Cancelling Installment Notes, Specialized insurance plan design and funding options, Charitable planning, Debt structures, and recognizing partial interests.