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Wealth
Management
Wealth management focuses on minimizing inheritance and estate taxes, while maximizing what your heirs will ultimately receive, utilizing top-notch strategies and techniques. Once you have worked hard to build up a substantial amount of wealth, you want to preserve that wealth and ultimately pass it on to those that you care about most. No matter what age or stage of life you are in, it is important to think about estate planning issues. To provide for your family in the future, is an important step. Once you have this peace of mind, you can then focus on the more important things in life. There are various strategies that can help you do just that. Some include:
Portfolio Analysis
An effective portfolio strives to achieve the best possible trade-off between risk and return. However, we understand that different investors have different levels of risk tolerance. Selecting the adequate portfolio for a particular investor is a difficult process. Our abundant resources can help you formulate a plan best suited for your goals, both short-term and long-term. 
Retirement
Planning
In today's economy, everyone wants to know - "Will Social Security be around when I am ready to retire?" With the assets in Social Security being consumed faster than expected and the number of people contributing to Social Security shrinking, more and more people are starting to take retirement into their own hands. We will have to rely more on our personal savings when it is time to retire. Yet, without a plan of action many find themselves falling short when it is time to retire. LFL offers a wide range of services to help you develop a personal security blanket. Whether it is through IRA investing, annuity and pension planning, or stock option management, we can develop the right strategy to leave you living the lifestyle you have grown accustomed to.after you stop working!
Insurance
Planning
Insurance planning involves many areas. Some of these areas are life insurance planning, long term care insurance planning and basic health insurance planning. Rising life expectancy means that the potential need for "long term care" grows with every passing year of your life. Most
Governmental programs or private health insurance carriers do not cover long-term care expenses. A careful strategy will preserve assets while assuring that the patient receives the quality care needed.
College
Funding
Whether your child is 6 months, 6 years, or 16 years, investing money for a future college education can seem overwhelming. But it is an investment that can be very rewarding. Regardless of the option you choose, it is never too late or too early to start planning for your child's education. There are a number of available vehicles to obtain the money needed to send today's children to college. While most programs vary from state to state, here are some programs to help:
- Coverdell Education Savings Accounts (formerly Education IRAs)
- 529 plans
- Pre-paid tuition investments
- Government Series EE bonds
- Zero coupon bonds
LFL Veritas is able to help you choose the right path for college planning depending on you and your child's needs.
Asset
Protection
Asset protection plans must be formulated with one goal in mind - to help you preserve and protect your wealth. As such, it must be geared to tailor each person's individual asset portfolio as well as long-term goals. Your plan should be flexible but you should still have control over your assets. If you are developing a long term asset protection plan with the end result being an estate plan then you might not have access to those assets. It should also be affordable and easy to maintain and even offer the added benefit of tax savings. In any case we can help you develop a plan that you can live with!
Personal
Financial Planning
Ten years ago financial planning was simple - stocks and bonds were the name of the game. Today is another story. With the collection of financial planning tools available, and the growth of investments options, a financial plan is a must. At LFL Veritas, we will guide you through the initial stages of outlining objectives and establishing goals, to the latter portions of implementing a strategy and eventually analyzing results. A financial plan must be closely monitored and tracked to make sure you and your plan are headed down the right path.
Estate
and Gift Planning
LFL can help you to achieve the greatest advantages for yourself as you help others. Charitable Gift Annuities are lifetime contracts between donors and charities. By funding a gift annuity, the donor can claim a current-year charitable income-tax deduction based on the actuarial value of the charity's interest in the gift. Personal or charitable gifting removes an asset's future growth from your estate and thus reduces your estate taxes. An irrevocable grantor retained annuity trust enables you to transfer assets with the potential to appreciate significantly. Placing assets in qualified trusts can help protect your wealth from taxation. Placing assets in certain trusts may also allow you or your heirs to receive regular payments from the trust, minimize capital gains taxes, or pass the assets free of estate taxes to your heirs. And since estate and generation skipping transfer (GST) tax exclusion amounts are currently being transformed, proper trust planning can add significant value to your estate plan. |
