Wealthy clients can often face issues when considering the distribution of their assets during their lifetimes and at their deaths. They also tend to have a consistent concern with income taxes and asset protection. TIME regional specialists and advanced markets attorneys understand these issues and have the depth of knowledge and experience necessary, along with applicable marketing materials, to provide creative solutions for high-net-worth and ultra high-net-worth individuals.
As the concerns of these clients span a variety of disciplines, it requires a team of professionals to provide integrated solutions including:
- Income tax efficiency
- Asset protection
- Organized and controlled wealth distribution
- Multi-generational planning
- Gift and transfer tax efficiency
- Charitable interests
Solutions to these concerns may include the implementation of a variety of legal devices, qualified plan designs, asset re-positioning, and life insurance. The process is only successful for the client if it is implemented. A major component of the services provided by TIME is coordinating the implementation of proposed solutions, so financial advisors are able to provide ultra high-net-worth clients with a holistic experience.
TIME regional specialists address this potentially complex process by assisting financial advisors to form a team of professionals tailored to the clients' situation. The financial advisor continues as the clients' primary advisor during this process, but with the help of the TIME regional specialist, coordinates all of the professionals needed to provide comprehensive solutions.