It is critical that we obtain a complete understanding of the current and potential tax structure of a new client's income and investments. Furthermore, when appropriate we recommend strategies that better meet their needs. This service includes reviewing current taxes, developing opportunities that maximize future personal tax savings, and the best use of their fringe benefit plans.
AZA reviews a new client's current estate plan for consistency with the ideas and objectives conveyed during the interview process and as it relates to current estate tax laws. We then recommend strategies to clients and their attorney that may better accomplish their goals. We coordinate the suggested legal changes in the documents with their attorney, and simplify the process of updating asset titling and beneficiary designations consistent with their estate planning.
AZA reviews the sources of retirement income and assesses the income generating ability of the assets. We outline the range of spending that can be accommodated and reflect it against the desired lifestyle. We review the client's health issues, family mortality, and need to support other family members. Potential inheritances are factored into the analysis as well. We then assist the client in building a retirement strategy that is consistent with their desired standard of living.
AZA reviews the range of employment related benefit offerings such as, 401(k), IRA, pension plans, employee stock option plans, deferred compensation plans, etc. and evaluates the optimal use of these offerings.
For business owners we utilize our network of professionals to review the benefits program and provide suggestions as to how the client might achieve their objectives in the most cost-effective manner.
We are not insurance agents, but we have broad experience evaluating various insurance products. When we diagnose a potential problem, we use our network of professionals to assist us in providing potential solutions and cost effective insurance planning.
When a client wishes to make significant charitable gifts, we coordinate with their target charities to develop the most tax efficient programs for making these gifts. Often, a well-planned gift may serve two purposes. For instance, when retiring from a high-income job, the charitable gift may satisfy both a philanthropic desire and potentially create additional retirement income.