OUR PROCESS

OUR PROCESS

Your financial objectives for your family and your business drive our entire planning process. We begin by developing a clear set of objectives. Many people have a broad sense of what they hope to accomplish but often lack specific objectives. By sharing our knowledge and experience we can help you crystallize and prioritize the things that matter most to you.

Next, to the extent specifically requested, we perform a comprehensive audit of your current assets and legal documents, and review your progress toward your goals. While most people have done some planning, all aspects may not be coordinated with each other and there may be items that fall through the cracks.

Once we understand where you are now and your goals for the future, Kistler-Tiffany Advisors will present appropriate options so you can make the correct decisions. In coordination with your attorney and accountant, we implement your plan; updated or new legal documents are drafted and signed; required tax filings are completed; and appropriate financial products and investment strategies are put in place.

Planning is a process, not an event. The three most important elements of our process are to help you crystallize your objectives, implement your plan, and update it periodically.

OUR PLANNING PROCESS

Our Initial Planning Process is divided into three phases:

Phase             Description

Phase I

Conduct a detailed analysis of the objectives of your current plan and the results achieved to date

Phase II

Develop specific steps to maximize the effectiveness of your plan and bring it better in line with your stated objectives

Phase III

"Manage" the implementation of your plan, overseeing that each plan component is correctly designed and executed

The services we provide in the Planning Process may include the following to the extent specifically requested:

Services Provided Description

Current Plan

Review your current documents & assets (portfolio & life insurance)

Analysis

Data analysis, research, current estate tax liability, distribution assessment, and portfolio breakdown

Objectives

Develop and crystallize your objectives

Gaps

Identify gaps in your estate, succession and wealth management plans

Strategy

Identify strategies to best meet your objectives

Design

Customize plan design based on your goals

Communication

Education & simplification meetings with you

Coordination

Quarterbacking your other professional advisors

Execution

Manage implementation to desired results

Annual Review Program

Our Annual Review ensures your estate plan is kept up-to-date and in compliance with tax and regulatory requirements. The services we provide in connection with our Annual Review may include the following to the extent specifically requested:

Services Provided Description

Identify Major Life Changes

Changes in personal, family and business events

Update Objectives

Modify, augment, or delete personal and business objectives

Review Open Issues

Discuss status of "back burner" tasks

Update Financial Information

Changes in personal balance sheet and cash flow

Estate Tax Analysis

Calculate estate settlement costs based on current tax law and financials

Estate Distribution Review

Analysis of asset flow to beneficiaries

Analyze Gifting Opportunities

Effective use of available annual and lifetime exemptions

Business Succession Review

Modifications of current business plan

Review Life Insurance Portolio

Review of policy performance, company strength, and owner/beneficiary designations

Crummey Letter Coordination

Assist trustees in annual processing and reporting of gifts and payments

Monitor Tax Law Changes

Effect of current and impending tax laws on your plan

Update Wills, Trusts and Business Documents

Revise based on new objectives and/or changes

Coordination of Advisors

Facilitate implementation of plan modifications

Family Meetings

Sounding board and counsel to children, grandchildren and other family members

Update Personal Document Binder

Modify contents of binder with new materials from review

EVENTS DRIVEN PLAN UPDATE

In the event circumstances and events in your life or business warrant a significant change to your plan, we would visit with you to determine if a material change is required. If significant changes are necessary, we would discuss with you what changes may be in order. If considerable effort will be required, we would mutually agree on an appropriate fee arrangement at that time.

 

Please Note: Financial planning and/or consulting services are available for a separate fee and per the terms of a separate written engagement. The scope of any financial planning and/or consulting services to be provided depends upon the needs of the client and the terms of the engagement.

OUR MISSION: Kistler-Tiffany Advisors strives to provide personalized asset management and estate planning services to individual clients and their families with complex financial needs

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