WEALTH MANAGEMENT TEAM

-Shauna

Every accomplishment in life requires devotion, skill and perseverance. Every entrepreneur, investor, professional and tradesman works for quality of life. Many desire to fund retirement from passive income and other investments. Like other accomplishments, reaching this retirement goal requires planning and intention. A Wealth Management Team is essential to provide the knowledge, expertise and support necessary to reach your retirement goal.

YOU are the cornerstone of your wealth management team. Second is the CEO, COO, and other “key employee” in case something goes wrong (designated survivor). Third is a capable attorney advisor. Attorney Shauna Brennan works closely with business owners and high net worth individuals to design and document a customized asset protection and succession plan, document and negotiate business and asset purchase and sale, and document other transactions to reach your financial goals. Other professionals in the Wealth Management Team include CPAs & Financial Advisors, a Banker & Financial Institution, Insurance Agents (risk management), and Commercial Real Estate Brokers and Managers.

Also known as the “exit strategy,” the succession plan must be implemented at the beginning as a fundamental element of your retirement plan.

Many investment properties are sued regularly, and sometimes the individual owners are named in the lawsuit. Prudent business owners and high net worth individuals take the offensive and shelter their assets through asset protection. Asset protection takes many forms, including entity formation, appropriate levels of insurance to cover liability, and strong contractual provisions to shift liability or limit liability. An iron clad asset protection plan must be developed and documented before a catastrophic event. Do not put it off. Include your Wealth Management Team and you should review the plan annually or upon any significant event.

the adage goes: three events are inevitable in every lifetime - birth, taxes, and death. It is imperative that you plan for the inevitable event of your passing. A well thought out Estate Plan will ensure that you continue to enjoy your wealth during your life, and that it will be managed and passed to your designated beneficiaries following your death. Additionally, an Estate Plan will avoid the cost and delay of Probate Court proceedings and avoid federal and state death taxes, where applicable. MV