Using domestic structures (usually LLCs) to protect brokerage accounts, vacation properties, rental properties, or any other valuable assets from negligence lawsuits. If you are reading this and you have a brokerage account of over $250,000 in your own name, it is at risk and the #1 asset a creditor will go after.
Most people do NOT have their wills and durable powers of attorney implemented or living trusts set up and funded properly. Many affluent clients many times lack the more sophisticated planning tools needed to accomplish their goals. POM Wealth Management has as an Advisory Board Member attorney Roccy DeFrancesco who, along with affiliated attorneys from around the country, are able to provide our clients with client-first recommendations on a fee schedule that has price sanity.
Most people are not minimizing current/and or future tax liabilities (income and capital gains). We help our clients put together a comprehensive tax mitigation plan (especially business clients). This includes the use of Retirement Life™, carve-out planning for pensions, and 401(h) plans (the industry’s only tax-free qualified pension plan).