Single Family Office Platform Development
Our process consists of three integrated and interdependent wealth servicing components: Clarify Analysis, Optimization Planning and Preserve and Protect Servicing. Together these wealth continuom components produce the unique level of customized wealth consulting our families deserve and demand.
Family Wealth Blueprint Design
(“clarify analysis”)
Opaque View of Complex Family Wealth is Translated Into Clear View Facilitating The Development/Enhancement/Refining of Multi-Generational Family Wealth Governance Related Goals.
Multigenerational Comprehensive Wealth Diagnostic
Family Wealth Distribution Waterfall Analysis
Integrated Multigenerational After-Tax (Income, Estate & Gift, GST) View of Family Wealth
Generational and Family-Line Liquidity Analysis
Generational and Family-Line Cash Flow Management Analysis
Comprehensive Family Wealth Views
Customized and Consolidated Wealth Reporting (Asset & Investment Performance Reporting)
Financial Statement Preparation Covering Family Wealth Structures (e.g., Family Investment Funds, Family Trusts, Family Holding Companies)
Family Wealth Governance Planning
Family Wealth Mission Statements
Family Wealth Accessibility Policies
Family Wealth Blueprint Education
Family Wealth Blueprint Execution
(“Optimization Planning”)
Achievement of Family Wealth Governance Goals are Optimized by Wealth Structuring Seeking to Minimize Collateral Loss of Wealth to Taxes (Income,Estate and Gift, GST), Portfolio Risk, and Creditors.
Tax Minimization Planning
Multigenerational/Dynastic Trust Planning
Strategic Net Worth Reduction Planning (i.e., Leveraged Wealth Transfer Planning)
Sophisticated Income Tax Planning (e.g., Derivative Based, Partnership Tax Based, Charitable Based, State-Level Tax Elimination, Capital gain Tax Deferral-Reduction Planning, and Pre-Monetization Planning)
Innovative Wealth Solutions
Integrated Planning Solutions Achieving Leveraged Wealth Transfer, Income Tax Reduction and Portfolio Volatility Reduction (e.g., Charitable LLC Planning, Deriva-IDIT/BIDIT Planning, Private Exchange Fund Planning, PAGRADIT Planning)
Creative Charitable-Based Strategies (e.g., NDNIMCRUT/NDCRUT/NDNECT/UBTI Blocker Entities/Fiduciary Income Blockers)
Creative IRC 2036 Strategies (e.g., “Waldahl Planning”)
Strategic Postmortem Estate Settlement Planning
Equity Risk Management/Single Stock Concentration Planning (Derivative and Non-Derivative Based)
Creditor Protection Planning
Self-Settled Domestic Asset Protection Trust Planning (DAPT Statutes)
Irrevocable Discretionary Trust Planning
Family Limited Liability/Partnership Investment Company Planning
Portfolio Volatility Minimization Planning (e.g., Family Wealth Policy and Risk Policy Statements Per Tax Characterization Analysis, Cash Flow and Liquidity Constraint Analysis)
Sustainability Analysis
Asset Location Planning Analysis
Single Stock Concentration Analysis | Hedging/Derivative Planning & Completion Fund Analysis
Family Wealth Blueprint Management
(“Preserve and Protect Servicing”)
Family Wealth Structures are Proactively Managed and Administered in Bespoke Manner by Trusted Family Office Experts With Exhaustive Knowledge of Family Wealth Structures and Underlying Governance Related Financial Goals.
Family Administration
Bill Pay
Comprehensive Wealth Diagnostic Updates/Modifications
Family Wealth Scorecard Analysis
Cash Flow/Debt Management
Family Governance Meetings
Family Wealth Structure Administration
Complex Family Wealth Structure Planning (e.g., Intra-Family Loans/GRATs/NIMCRUTs/ CLATs/SET Trusts/ Sale to IDITs-BIDITs/Family Investment Entities [pro rata/preferred])
Administration of Complex Alternative Investments (Capital Calls, Commitment & Pacing Schedules)
Comprehensive and Consolidated Asset & Investment Performance Reporting (e.g., PCR and Addepar Reporting Platforms; Benchmark Policy Development)
Entity Administration
Complex Trusts, Simple Trusts, Grantor Trusts, SET Trusts
Capital Account Maintenance fbo Family Investment Entities/Funds
Preparation of Minutes of Entity Meetings
Private/Closely Held Company Financial Statement Preparation (QuickBooks)
UBTI Blocker Analysis and Administration
Philanthropic/Charitable Entities
CRUTs/NIMCRUTs (Deficit Account Calculations, Accumulated Income and Fiduciary Income Calculations)
Private Foundations (MIR Calculations, Grant and UBTI Administration and Tracking, Program Related Investments, Equivalency Determination and Expenditure Responsibility)
Tax Compliance Management Services
Pro-Active, Integrated and Comprehensive Supervision and Maintenance Over “Advised Accounts”
Facilitate Timely Management, Planning, Coordination of Annual Federal, State and Local Income Tax Returns (“Required Income Tax Returns”)
Preparation of Draft Income Tax Returns (Shared, Reviewed & Finalized By Third Party Tax Preparers)
Coordinating With Third Party Tax Preparers In Review and Completion of Tax Returns
Preparation of Required Tax Filings, Namely:
1099-MISC
Quarterly Estimated Tax Forms fbo Individual Taxpayers (e.g., IRS Form 1040-ES) and Business Entities (e.g., IRS Form 1120-W)
Tax Return Extensions
Preparation of Annual Income Tax Projections
Facilitating Timely Payment of Taxes (e.g., Quarterly Estimated Payment Vouchers)
Tax Efficient Cash Flow Management Planning
Fiduciary services & sophisticated structuring advice: decanting of existing Irrevocable trusts into “directed trusts” - Including “distribution adviser services”
Sophisticated Family Wealth Structures (e.g., Large Irrevocable Dynasty Trusts, Family Investment Holding Entities, and Complex NIMCRUT Structures) administered under a State Directed Trust Statute (e.g., Michigan, Delaware), and/or Family Investment Entities pursuant to a bifurcated “Manager Managed” governance structure, may divide and allocate Fiduciary Authority among three separate Fiduciaries, namely:
Administrative Trustee (“AT”)- Clarity Doesn’t Serve as AT
Family Investment Adviser (“FIA”)- Clarity Doesn’t Serve as FIA
Distribution Adviser(“DA”)- Clarity Does Serve as DA