At Louis Plung & Company, we understand that managing personal and business finances can be a complex and time-consuming task. We offer comprehensive family accounting services to alleviate the stress and burden of these financial responsibilities, allowing you and your family to focus on the things that matter most.

Designed to simplify your financial management, our family accounting services provide strategic tax planning, and ensure the effective administration of your assets. We are committed to providing personalized, reliable, and professional services that cater to your unique financial needs. 

The Family Advisory Services team at Louis Plung & Company will get you ready for the next chapter of your life through retirement and insurance planning.

Whether you’re selling a business, passing it on to the next generation, or determining when you can afford to retire, our team will guide you through the planning process. We model retirement cashflow to help you determine your optimal retirement date and identify potential gaps in your insurance coverage.

We understand the complexity and importance of trust and estate planning in preserving your wealth and ensuring a secure future for your loved ones. Our trust and estate planning team starts with a detailed analysis of your existing trust– ensuring they align with your current requirements and future aspirations.

We are also able to calculate the gross taxable estate and provide strategies to minimize the estate tax burden.

Our advisory team can help you make the most of your assets by finding ways to effectively gift assets while minimizing taxes. With the right planning, you can strategically gift to family members, friends, and charities in a way that minimizes the tax liability for both the giver and receiver.

We can also help you navigate the complexities of generation-skipping transfer (GST) taxes. This applies when you leave assets to those individuals considered “skip persons,” meaning two or more generations younger than you. GST rules are complex. A planning mistake could result in a tax burden that no one was expecting.

Your assets represent much more than just money– they are the key to your financial future and security.

Our advisory team will review your individual retirement account (IRA), 401(k), and insurance documents to ensure that all beneficiary designations are accurate, and that coverage reflects your current and future needs.

We also examine the titling of your assets between trusts, business, and personal assets and advise you on the most tax-efficient ways to hold these assets.