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Family Wealth Management - "Sudden Wealth"
The Challenge
You acquire sudden, substantial wealth from an inheritance. Your lifestyle prior to your windfall was modest: you lived comfortably and managed your own investments and retirement plans. Unaccustomed to financial independence, you are concerned about the influence significant wealth will have on your personal financial affairs, your ability to meet and exceed your goals and objectives, and your family's values and legacy. You also realize that life-changing events can have an impact on your future, depending on the choices you make. You are becoming more concerned about taxes, asset management, insurance, and estate planning.
Our Solution
We begin by assigning a team of Hawthorn professionals, consisting of a wealth planner, trust advisor, investment advisor, banking advisor, and your legal and accounting professionals. Strategies might include creating a Family Foundation to channel your philanthropic wishes and encourage stewardship among family members. Your personalized Investment policy statement reflects your risk tolerance, growth goals and cash flow requirements. A separate allocation for capital expenditures might be necessary to fund potential business ventures. We also initiate estate plans with appropriate trusts for you during your lifetime and for your family members. Our goal with the estate plans is to facilitate the ongoing management and transfer of wealth to multiple generations.
Customer Benefit
You have identified the amount of excess wealth and have directed funds according to the financial needs of your family. With this plan, you commit to creating a legacy during your lifetime and for multiple generations. You have confidence in your decisions and in your advisory team of professionals aligned according to your goals and objectives. Your Hawthorn advisory team is in place to proactively evaluate your plan as your circumstances and objectives change. |
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