Financial Modeling & Legacy Planning

The Challenge

Bruce and Margaret are a married couple with two adult children, looking to organize their financial affairs following their retirement from executive positions at a large technology firm.

The Goal

Success in their professional lives was predicated on their ability to establish goals and diligently drive results that supported these objectives. They hoped that their personal lives could be similarly organized.

The Solution

After modeling their financial future using Summitry’s planning software, we introduced Bruce and Margaret to key legal and tax professionals who updated their estate plan, ensuring their wishes would be carried out. Then, they set up an Irrevocable Life Insurance Trust to provide estate liquidity upon death, organized family meetings to educate the children on financial matters and succession, and managed the accumulated wealth in portfolios designed to replace their employment income with investment income in retirement. Bruce and Margaret rest easy that their disciplined approach to organizing and overseeing their legacy, as well as managing their assets, will provide financial security for the next generations of their family.