Estate Planning - Case Study
Michaela Romanova Mary and Robert Trenticosta case
You and your husband are married for two years living in community property state with a prenuptial agreement declaring that all the property owned is a separate property. You came to seek for advice to accomplish your financial objectives. Being able to retire when you reach age 65 is your priority. On the other hand ability to minimize death tax at the death of the first spouse and the death of the second spouse and provide adequate liquidity for each of your estates are important factors you would like to plan and possible accomplish in the future.
After reading provided documents my goal is to determine your financial strengths and weaknesses and suggest different appropriate ways to reach your personal and financial objectives.
Financial strengths:
Mary, you own 80% interest in closely held company (Crescent City Publications). Income statement shows that your salary is about $120,000 a year. Including your husband’s income, investment income and rental income I can conclude you have a high net worth.
Your investment portfolio seems to be very strong. Investments in different stock, bonds and funds ensures diversification which leads to result that your investments are currently doing very well except one which we can discuss more appropriate investment options. I also recommend you to try to invest in foreign mutual funds which will definitely increase the value of your portfolio. You consider yourself to be moderate-aggressive investors. To move forward and improve your investing I think you should get involved in short term trading.
You have a great universal life insurance policy. It was great decision to get a universal life insurance policy which a term insurance policy with a cash accumulation account attached to it. What I consider beneficial and useful thing is that the premium is flexible. This allows you to make additional contribution to the policy in case you have extra cash or
You and your husband are married for two years living in community property state with a prenuptial agreement declaring that all the property owned is a separate property. You came to seek for advice to accomplish your financial objectives. Being able to retire when you reach age 65 is your priority. On the other hand ability to minimize death tax at the death of the first spouse and the death of the second spouse and provide adequate liquidity for each of your estates are important factors you would like to plan and possible accomplish in the future.
After reading provided documents my goal is to determine your financial strengths and weaknesses and suggest different appropriate ways to reach your personal and financial objectives.
Financial strengths:
Mary, you own 80% interest in closely held company (Crescent City Publications). Income statement shows that your salary is about $120,000 a year. Including your husband’s income, investment income and rental income I can conclude you have a high net worth.
Your investment portfolio seems to be very strong. Investments in different stock, bonds and funds ensures diversification which leads to result that your investments are currently doing very well except one which we can discuss more appropriate investment options. I also recommend you to try to invest in foreign mutual funds which will definitely increase the value of your portfolio. You consider yourself to be moderate-aggressive investors. To move forward and improve your investing I think you should get involved in short term trading.
You have a great universal life insurance policy. It was great decision to get a universal life insurance policy which a term insurance policy with a cash accumulation account attached to it. What I consider beneficial and useful thing is that the premium is flexible. This allows you to make additional contribution to the policy in case you have extra cash or