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Generational Wealth

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Generational Wealth

 

Since a vast majority of family office members come from the privately-owned business arena, we are comfortable and incredibly well-qualified to discuss the myriad of complexities related to family business and private equity.  Our ability to provide oversight and techniques related to succession planning, qualified retirement plans, and executive compensation plans, gives you an added benefit of seeing your business transition at the highest selling price or remain an income producing family asset for years to come.

Whether it is first-generation wealth or fourth generation wealth, our team of experts will show you how to organize and structure your wealth to see your family flourish for generations to come.  As noted earlier, the main benefit of the family office is centralized planning and management congruent with the family’s goals and values.  Our team starts with cash flow management, making sure that your inflows and outflows are monitored and accounted for.  This generally uncovers an array of opportunities to improve tax efficiencies and reduce costs.  The next step in the process involves the assembly of a commercial-grade personal balance sheet and an in-depth analysis of properties and invested assets and liabilities.  Our CPA partners provide in-depth tax planning and forecasting that allows you to feel confident that your overall tax strategy is sound and compliant.

Furthermore, our partners will analyze your exposure to unforeseen risks and make sure that you have the appropriate policies in place to protect your family and assets.  As a family office member, there is oftentimes access to private equity opportunities that we are able to share or analyze with a team of other accredited investors.  We also take a detailed look at how credit is being utilized or leveraged in an appropriate or inappropriate manner to create more wealth.  Asset protection tends to be a subject of concern for most of the affluent, and our team of advisors can explain an array of asset protection vehicles and strategies.  Furthermore, our team of experts can show you how to protect your identity using some of the same technology and platforms that the world's wealthiest families work with.

Organization


Organization

Organization


Organization

Having ones documents organized and accessible has proven to be of incredible value to our clients.  Your entire suite of tax, legal, and investment documents are accessible in one place and become a living management platform with the family office structure. 

Legacy planning is a hallmark of Living Well Family Office.  Our team of advisors will help you create and establish your own family foundation or endowment to last for generations.  We conduct facilitated family meetings to help your family discover your core values and create a family mission statement.  Our advisors help your children and family members by providing financial education on the basics of finance and investment vehicles during the family meeting.  Furthermore, we can help you through the complexities of estate planning by helping you ask the right questions to our estate planning attorney partners. The legacy planning process is crowned with clear visual diagrams and a simple straightforward letter of wishes to the trustees and beneficiaries telling the story of your desire in laymen’s terminology.   Through holistic planning, our advisors empower you to build a financial legacy and successfully pass it on to future generation and charitable causes.

 

We encourage our advisors to be accredited with Certificates in Family Business Advising (CFBA) and Family Wealth Advising (CFWA) from The Family Firm Institute.


*Living Well Family Office does not provide tax, investment, or legal advice.  All professional advice is contracted directly between the client and related subject matter experts and professionals.  Investment Advice is offered directly by Integrity Financial Corporation. Living Well Family Office and Integrity Financial Corporation share common ownership.   To the extent that Living Well Family Office recommends clients to Integrity for investment advice, clients should understand that a conflict of interest exists due to the common control and potential financial benefit that Integrity will receive.  Additional information regarding this conflict is available in Integrity’s ADV Part 2, which is provided to Integrity clients prior to or during agreement execution.