FINANCIAL PLANNING SERVICES
We provide a variety of financial planning and consultation services to individuals, families and other clients regarding the management of their financial resources based upon an analysis of their current situation, goals, and objectives. Generally, such financial planning and consulting services will involve preparing a financial plan or rendering a financial consultation for clients based on the client’s financial goals and objectives. This planning or consulting may encompass one or more of the following areas: Investment Planning, Retirement Planning, Estate Planning, Charitable Planning, Education Planning, Corporate and Personal Tax Planning, Cost Segregation Study, Corporate Structure, Real Estate Analysis, Mortgage/Debt Analysis, Insurance Analysis, Lines of Credit Evaluation, Business and Personal Financial Planning.
Our written financial plans or financial consultations usually include general recommendations for a course of action. Recommendations may be made that the clients initiate or revise investment programs, create or revise wills or trusts, obtain or revise insurance coverage, commence or alter retirement savings, or establish education or charitable giving programs. We refer clients to an accountant, attorney, or other specialist as necessary for non-advisory related services. For written financial planning engagements, we provide our clients with a written summary of their financial situation, and our firm’s observations and recommendations. Plans and/or consultations are typically completed within six (6) months of the client agreement. Implementation of the recommendations will be at the discretion of the client.
ESTATE PLANNING & ASSET PROTECTION
BlackSummit Financial Group’s associates have worked on numerous estate planning cases to protect a family’s wealth within a trust and a family bank. Our models and estate planning methods have provided tax efficient structures for families in preserving and growing their wealth for future generations. In asset protection cases, we aid to protect the clients’ wealth from potential loss due to taxes associated with generational wealth transfer as well as from other liabilities that may arise or currently exist. We have a team dedicated to estate planning with over twenty years of successful experience. The team will meet with clients to review and implement among other things the following:
- Short and long term goals
- Income tax reduction strategy
- Investment plan/policy
- Asset protection strategy
- Family and charitable gifting strategy
- Estate tax planning strategy