Business Owners, Successful Individuals, and Their Families
Over the decades, it has been our experience that business owners and successful individuals are extremely effective at creating wealth for themselves and their families, with most of their time used effectively in that pursuit. We have also discovered that many times strategic and long-term planning for exiting their business and addressing personal family matters have been inadvertently neglected. This neglect is not intentional but a matter of allocating the time to tackle all of the tough issues surrounding these critical areas. We have found they need a professional, experienced, trusted advisor to direct them and their families to resolve these serious matters through a process that has a minimal amount of interference with their current fruitful activities. Our firm provides comprehensive financial strategies and solutions through a process integrated with the client’s tax, legal and other advisors that promote this business & financial “peace of mind.”
Trustee/Fiduciaries and Grantors of Trusts
Fiducia primarily performs an initial analysis of trusts and trust assets with the objective of mitigating the trustee’s risk and liability, along with a continuing periodic review. We also focus on improving the efficiency and cost-effectiveness of trust assets to achieve the grantor's planning objectives and the grantor’s estate. There have been some important changes to the role of trustee/fiduciary. Fiduciaries' duties and responsibilities are largely defined under provisions in the Uniform Prudent Investor Act (UPIA). Fiduciaries are required to operate by these standards of care as they discharge their duties. Those who breach their duties may be personally liable for monetary relief to the beneficiaries of the trust. As a result, it is important that a trustee, as a fiduciary, analyze the trust assets and document this evaluation using a “prudent process” regardless of the assets' composition.
Business & Financial Assessment & Strategies
- Financial Life Planning
- Business Exit Strategies
- Key Employee Retention
- Buy-Sell Solutions
- Tax-Qualified Plan Design
- Non-Tax Qualified Deferred Compensation Design
- Survivor Planning & Assistance
- Wealth and Estate Preservation
- Risk Management/Insurance Planning
- Captive Insurance Company Solutions
- Fiducia, LLC, provides fee-based services in two distinct areas.