Successful Business Owners
Building Generational Wealth
Our clients worked for over three decades to build and operate multiple restaurants, and it has been our privilege to partner with them from their earliest years. As they have grown, we have advised them on all aspects of their financial life including their insurance, retirement planning, employee benefits, sale of a business, gifting, and investments. We have also enjoyed building productive partnerships with their two children and their families as they have achieved success in their own careers.
Details
Ages: 67, 70
Family: 2 adult children, 4 grandchildren
Occupation: Business owners
Investable Assets: $4.2 million
Planning needs: Personal investments, business retirement plan, life insurance and LTC, cash management, grandchildren UTMAs
How We Have Helped
Secured a multi-million survivorship life insurance policy, funded by a non-qualified investment, to provide tax-free wealth transfer to the next generation
Secured long-term care coverage through standalone policies
Set up and manage a matching retirement plan for their businesses and employees
Collaborated with Mariner tax specialists to advise on the potential sale of a business, including providing detailed tax projections and estimates
Manage personal wealth through a curated set of portfolios that provide diversified participation in both active and passive models
Set up custodial accounts and 529s for the family’s grandchildren, creating ongoing gifting opportunities that reduce future estate tax liability