cs2 The XYZ Ranch had been in the family for three generations. At 73, Gary knew estate planning was overdue. He and his wife Cheryl wanted to reward son Gary Jr for staying on the ranch for the past 20 years and helping it grow. But they also wanted to be fair to their three daughters who left the ranch after high school and now all have successful careers and families in other cities. Cheryl says the “girls” still have an emotional tie to the ranch. Gary Jr believes they would sell the ranch in a heartbeat and also worries about the burden that estate taxes will put on the ranch. Gary has been diagnosed with Alzheimer’s and knows he can’t procrastinate any longer. DO YOU HAVE ACTIVE CHILDREN WHO WANT TO KEEP THE BUSINESS BUT INACTIVE CHILDREN WHO MIGHT WANT TO SELL? CFG can help you structure buy out arrangements that won’t cripple the company. Whether it’s time to buy out retired senior family members or its time to put agreements in place for the next generation, CFG knows the tax, cash flow and family hurdles that have to be crossed to get a deal done.
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Family Business Succession & Wealth Governance Life Insurance Solutions
CFG Business Solutions

WEALTH TRANSFER SERVICES

Aligning family wealth with family values

Estate planning often stops short at describing how assets will transfer to the next generation but does not prepare the next generation for its responsibilities. This results in poorly prepared inheritors and disputes over the future of the family business. CFG has special expertise in working with clients and their estate planning attorneys to design multi-generational wealth transfer plans.

Many business owners do not take advantage of available strategies to reduce estate taxation; a surprising number will have their estates taxed at 45% at death due to poor planning. CFG helps owners and stakeholders plan and implement wealth transfer and estate-tax minimization strategies, while remaining sensitive to concerns about control over financial assets.

CFG is a member firm of the M Financial Group, a unique syndicate of 110 firms that create customized life insurance solutions with institutional pricing. For high net-worth individuals and large corporations, off-the-shelf insurance products do not meet their unique needs. The M Group's 30 years of actuarial data allows us to manufacture proprietary life insurance products issued by major financial institutions that are tailored to meet specific needs.

Our clients are never under an obligation to buy insurance as part of our services. We explore insurance as a funding vehicle along with other options and weigh the costs and benefits of each alternative.

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Case Study 4