Orfei Logullo Financial Group
The Orfei Logullo Financial Group’s approach goes beyond model investing. We believe in being fully invested in a client’s financial life and guiding you every step of the way along your financial journey. The planning process that we implement addresses every area of your financial needs, from retirement to estate planning, to charitable giving and transfer of wealth.
We firmly believe that in order to build a strong and trustworthy relationship, communication is essential. Understanding your unique requirements is the foundation of our client-advisor relationship; therefore, our approach to financial planning begins with listening. We want to achieve a full understanding of where you are now, and where you would like to be. We work closely together to develop a meaningful plan which identifies issues and helps you understand your options.
Areas of Focus For The Financial Plan
Three common goals for estate plans:
Our team along with your tax and legal advisors can apply these objectives to your individualized circumstances and build your estate plan to create strategies that will help you meet your goals.
You have diligently accumulated wealth during your lifetime, however, a common dilemma arises: how do you minimize taxes to maximize your legacy? Our team creates customized insurance solutions that assist in lowering your taxes throughout your lifetime and for your estate, while efficiently passing on assets to your beneficiaries.
Over the years you’ve carefully built a business with the thought that it would be a valuable income source in the future. Your primary focus was to build up its assets, value and/or retained earnings with the idea of benefiting from all your hard work down the road. Whether retirement from your business is imminent or years away, it’s never too early to start planning for the future! A business succession plan, allows you to take the right steps to help preserve the value of your business and provide for your future needs.
Extracting money from your corporation during your lifetime or through the settling of your estate will require the payment of significant taxes. By using a portion of your wealth accumulated in your corporation, you can invest in a tax-exempt permanent insurance policy. This allows you to use the cash value that has accumulated tax-free and provides a death benefit which can be designated to your family or philanthropy. The key to this estate planning strategy is the preferential tax treatment given to Universal Life or Whole Life insurance policies held within your corporation.
Transition planning is the process of transferring your business, while maximizing your personal financial security, minimizing taxes and protecting your retirement assets. Family owned businesses can be difficult to harmoniously transition, either directly to the next generation or to a third party. Engaging family early, is the cornerstone in the decision-making process and may require various facilitators as conversations could be difficult.
It is important that you have a succession plan in place for when you are ready to retire or are no longer able to work. We can work with you to create a detailed plan that will help you to maximize your business’s value and make all stakeholders satisfied with the outcome. A formal transition plan can help you answer important questions and allow you to fulfill your short-and long-term business goals, while ensuring your business endures after your departure.
