Services
Insurance and Risk Planning
Risk Management Team
Key to the attainment of financial goals is the assessment and control of risk. Risk management involves identifying both business and personal risks, planning and implementing protective methods. Proper insurance coverage is part of that process, but only one part of the overall process.
Legally, by creating entities to shelter assets from unforeseen litigation. Legally, by complying with the operational formalities of corporations, partnerships, contracts, trusts, etc. Legally, by having properly executed documents that protect your interest.
Financially, by diversifying investments and by not over exposing to certain industry segments. Financially, by complying to tax code and regulations.
Personally, by understanding risk exposure when acting as trustee of a family trust, or as a director or officer in a non-profit organization, or on other corporation's boards. Personally, by understanding all the pros and cons and obtaining a second opinion before signing on the dotted line and relinquishing cash or assets into a transaction that appears to be good to pass.
To assess and limit risk requires a careful coordination of multiple professionals, or your risk management team. We act as your coordinator and carefully check with each team member, at least quarterly, on any new developments that require reassessment. And when necessary, a conference with all professionals and the family in attendance.
Transactional Planning
With over 30 years of real-world experiences, I cannot stress enough the importance of transactional due diligence and planning. Although our firm's time for transactional planning is included in our monitoring fees, many people by-pass this necessary function in order to avoid additional fees of other professionals. At other times only one professional of the risk management team is involved in the process and other pertinent factors were not weighed, creating unnecessary risk exposure.
It takes only one improperly structured transaction to create material negative consequences to your goals and even your family.
Litigation Support
Many may recall the old advertising slogan of "You can pay me now, or you can pay me later." The cost of litigation support, can be tenfold the cost of proper planning. Should litigation result from an improperly planned transaction, our fee for support is $450 per hour and termination of services will follow upon completion.
We are serious about serving you and protecting your interest before the fact. There is no benefit or value to you in unnecessary litigation. Lost time prevents us from meeting our commitment to exceptional service for our other family clients.
To learn more about the professionals we recommend as your team, review our Partner Section. To learn more about the risk management process, request trial access to our "Client Reference Center."
