The Financial Plan:
This detailed and comprehensive report acts as a financial road map. It includes balance sheets, income statements, cash flow statements, as well as net worth and tax projections. Even though a financial plan is always a work-in-progress, outlining well-defined goals as well as having a clear understanding of potential future risks provides clients with peace of mind.
Reading of Will and Mandates/POAs:
Whether a client’s will is current or outdated, the Fainer Wealth Group will go through all supporting documentation to ensure that the client’s understanding of what his/her will actually says corresponds with what the will should say. More often than not, this exercise exposes inconsistencies that need to be amended. When appropriate, the Fainer Wealth Group will work alongside the client’s notary to achieve what is expected.
Tax Optimization:
This analysis determines what account types are most appropriate for a client’s specific tax situation. Fluent in working within the confines of one or many legal structures (i.e. formal trusts and/or Hold Cos), the Fainer Wealth Group ensures that a client is positioned in a way to both minimize and defer taxes. Much of the time, this process involves having a good working relationship with other professionals who service our clients. When appropriate, the Fainer Wealth Group will work with their clients’ trusted accountants and lawyers.