January 2013 HNW Case Study


Chris is 68 and Beth is 59. Chris has recently just retired from an executive position in a public company. They have always led a relatively simple and conservative lifestyle and as a result have built up a very significant, and liquid, net worth.

As part of Chris’ retirement package, he has an annual pension payment of approximately $360,000 (inflating). The pension alone is enough to cover their annual living expenses of $230,000.

They have a large annual cash flow surplus created by the $400k in annual dividends from their equity portfolios and their tax-exempt income from municipal bond portfolios totaling $1.1M.

The primary planning goals were to:

Make sure that they have sufficient funds to live on for the rest of their lives (approximately $230,000 after taxes and gifts).

Provide for the financial security of the surviving spouse.

Create an inheritance for their children which protects them from any potential future creditors and/or predators.

Provide a charitable gift at death as long as it doesn’t greatly diminish the amount they pass to their heirs.

Eliminate or reduce estate taxes.

You can also view our recorded case study webinar here: www.slideshare.net/inknowvision

InKnowVision is a leader in designing plans that work for high net worth clients in the areas of taxation, estate planning and business planning. Advisors rely on InKnowVision to solve complex problems for their high net worth clients and families.

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