Grant, Hinkle & Jacobs works with successful families and individuals who have spent their lives working hard to accumulate assets, and now want to focus on the “highest and best use” of their wealth.
We can help you gain peace of mind knowing that, with a properly designed and funded estate plan, you and your spouse can spend as much as you need during your lifetime, and have any remaining assets pass to your children and grandchildren, protected from probate, estate taxes, divorcing spouses, and creditors. If you are charitably inclined, we can show you ways to benefit your favorite causes while taking full advantage of available tax benefits.
Life insurance is often used as a critical tool in wealth transfer planning. Properly designed life insurance issued by high-quality carriers can:
• Help support a surviving spouse
• Provide liquidity to children for estate tax payment or division of illiquid inherited assets
• Maximize your IRA and qualified plans
• Serve as the source of funds for a grandchild’s education
For clients facing divorce, we have unique experience in designing life insurance that is required under a marital settlement agreement. We are also familiar with special planning techniques for second marriages and same-sex couples.
In addition to working with families, we also serve privately held businesses. Small and mid-size business owners have worked hard to build successful companies. The departure of a key employee or active owner can devastate the value and profitability of a business.
Our objective is to create a solid foundation to protect your business against the loss of an owner or key employee, and to perpetuate your business to the next generation and beyond. We have developed and have access to highly effective programs and proprietary designs that address succession planning among owners and family members, as well as “golden handcuff” strategies to attract, retain and reward key employees who are critical to the company’s success.
For the business owner, succession planning is often tied directly to individual estate planning. We can also help solve the unique problems faced by family-owned businesses, especially during an ownership transition.
Because of its tax advantages and leverage, life insurance is a powerful financial vehicle to assist in accomplishing the goals of successful business owners. When it comes to life insurance, Grant, Hinkle & Jacobs maintains complete independence and is not tied to a particular carrier or program. This allows us access to the most competitive products on the market and to custom-design these products to meet your unique situation.