Family Wealth Preservation
CAISSA specializes in preserving and transferring your family wealth, focusing on your values and wishes. Whether it’s crafting an estate plan, discussing charitable initiatives, or optimizing wealth transfer strategies, we work closely with you, your attorney, and your tax advisor. Our goal is to simplify the complexities of wealth succession, ensuring efficient and successful transfer to the next generation while supporting your desired lifestyle and legacy.
Keeping the Business in the Family
Sam, the owner of a family business, wanted to give the business to his children. To begin planning for this transition, CAISSA worked with Sam to confirm that he had accumulated enough assets to provide financial independence from the business. After confirming Sam’s needs, the discussion shifted to understanding Sam’s goals for gifting the business to his children.
Various strategies were explored, and Sam made the decision to complete a gift of the business interests (leveraging his lifetime gift tax exclusion amount). Throughout this process, CAISSA carefully coordinated with specialists for the completion of business valuation, gift tax return preparation, and the update of the business’ shareholder agreements.
Partnering with Sam’s attorney, CAISSA supported the update to Sam’s estate plan to account for the gifts and incorporate Sam’s other goals to fund trusts for his grandchildren and his favorite charities.
Sharing Family Values
CAISSA was recently engaged by former business owners Allie and Andy just after their entity was sold. They found themselves in the wonderful and unique position of having millions in the bank and knew they wanted to deploy their assets with the bigger picture in mind. In the initial meetings with Allie and Andy, the focus was on discovering their desired lifestyle, and how they wanted to support their family and charitable passions.
CAISSA helped Allie and Andy understand the amount of wealth that they needed for their lifestyle needs. This portion of their wealth was allocated to a portfolio strategy using CAISSA’s Tranches of Income approach, securing their lifestyle goals. The remaining balance of their wealth was positioned towards legacy goals for their beloved family and charities. For their family, the investment portfolio was crafted with the idea of longer-term growth.
To best support their philanthropic interests, Allie and Andy opened a new Donor Advised Fund with CAISSA, gifting appreciated assets and receiving an income tax deduction. Now with the confidence of knowing they have enough resources for their lifetimes, Allie and Andy now enjoy the opportunity to share their philosophy of philanthropy and organizations the family chooses to support during their annual family meeting.