Louis Plung Family Advisory Services| An Introduction

Contributions Made by Jaime Aulicino, Martin Dekker, Brad Shermeto, and Jason Winter

Introduction

Louis Plung & Company is excited to announce a new service line to assist clients with all aspects of wealth planning. While we have been providing some of these services already, Family Advisory Services (FAS) is now a designated team focused on strategies to help clients grow, retain, and pass wealth to future generations.

FAS is comprised of several key team members with experience in family accounting, retirement and insurance planning, trust and estate planning, gift and Generation-Skipping Transfer (GST) tax planning, and asset allocation advisory.

The team includes Manager Brad Shermeto, CPA, CFP, Manager Marty Dekker, EA, Director Jason Winter, J.D., EA, and Supervisor Jaime Aulicino, EA. Together, they work with individuals, families, and business-owners who have accumulated wealth or have had a recent liquidity event including sale of business or inheritance. To provide the best results for clients, the FAS team works closely with other professional service providers, including financial advisors, insurance agents, and attorneys.

The Louis Plung FAS team has five specific areas of focus:  

Family Accounting Services

Family Accounting Services focuses on taking the burden off the family or responsible individual, so they can devote their time to what is most important to them. Our Family Accounting Services include preparing personal financial statements, trust accounting, bill pay services, and income tax compliance.

Retirement and Insurance Planning

Retirement and Insurance Planning looks at strategies to assist clients who are planning for the next chapter in their lives. Our team aids in planning with selling or passing down a business, modeling cashflows for the retirement years, and identifying any potential gaps in insurance coverage.

Trust and Estate Planning

Trust and Estate Planning finds the best medium for passing wealth through generations in an efficient way that matches the client’s needs and desires. It is important to check in on existing trusts to ensure they are still meeting your current and future wishes. Our team is able to calculate the gross taxable estate and advise on strategies to minimize the estate tax burden through different channels.

Gift and GST Tax Planning

Gift and GST tax planning focuses on finding ways to effectively gift assets while minimizing the GST tax. Our team is also knowledgeable in calculating split interest gifts for charitable lead and remainder trusts. It’s imperative to keep our clients up to date on gift and GST tax compliance and changes.

Asset Allocation Advisory

Asset Allocation Advisory is meant to assist clients who are seeking proactive planning on how to title their assets between trusts, businesses, or in their own name. We are able to provide tax-efficient strategies on how to hold these assets to best serve our clients’ needs. We can also review IRAs, 401Ks, and insurance documents to ensure beneficiary designations and coverage reflect current and future circumstances.

Conclusion

Family values and goals are the top priority of the Louis Plung FAS team, and they take a proactive approach to helping clients achieve those goals. Whether through increased wealth accumulation, wealth transfer to future generations, or philanthropic giving, our FAS team provides custom solutions. If you are interested in how our solutions can align with your needs, please contact one of our team members or email [email protected].

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