David and Susan*, a couple in their early 60’s, were referred to Chronicle through a family friend. Their situation had become increasingly complicated, and their investments were being managed by multiple managers without any discernable “cohesion”. They were becoming anxious about their upcoming retirement and lacked clarity around future income requirements and the sustainability of their capital base.

The couple wanted to simplify their situation and address various concerns, including:

Retirement Planning

• Preparing for their upcoming retirement and determining if any significant financial trade-offs may exist
  

Goal Oriented, Risk Managed, Investment Plan

• Designing an investment strategy aligned with their long-term goals.
  

Capacity to Provide Financial Support

• How much capital could be gifted to their children to assist with housing starts and education funding for grandchildren
  

Tax Strategy and Creating Liquidity to Fund Tax on Death

• Were there opportunities to minimize their annual income tax bill? How could they ensure that sufficient capital would be available for the estate to fund tax obligations upon death?
  

Estate Planning and Future Asset Distribution

• Developing a tax-efficient estate plan that ensures family assets are bequeathed according to the couple’s distribution priorities.

Since David and Susan became clients, we have worked with them to bring greater clarity to their financial situation and more certainty regarding their financial future. This includes:

*Name changed for privacy purposes.