Recently, we've had the opportunity to work with both new and existing clients who are experiencing significant financial windfalls. These windfalls often come from the sale of a business, private company liquidity events, stock options and RSUs, or the sale of highly appreciated real estate. Each of these situations can greatly improve a client’s financial standing, but they also require careful planning to ensure that the benefits are fully realized.
Why is early planning essential?
1. Maximizes Tax Efficiency: Early planning allows time to implement strategies that
minimize tax liabilities.
2. Optimizes Financial Outcomes: It ensures you can adjust investments, manage cash flow, and diversify assets effectively.
3. Ensures Estate and Succession Planning: Proper planning helps structure wealth
transfer smoothly and efficiently.
4. Mitigates Risk: It provides the opportunity to select optimal timing and protect both current and future assets.
5. Aligns with Personal Goals: Early planning ensures your family’s goals and needs are met without unnecessary stress.
Planning ahead is key to making the most of a financial windfall and ensuring that it
contributes positively to your long-term financial health.
LOMBARDI'S PLANNING CORNER
Michael Lombardi
Aug 13, 2024
1 min read
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