Transition planning is a complex mix of financial, legal, family law issues and tax issues, combined with family dynamics. Feigelsohn Kellar specializes in tailoring prudent and compelling intergenerational transition plans. We integrate the efforts of your existing advisors to empower your heirs and enhance your legacy with the ability to anticipate & preempt issues and conflicts. Working with Feigelsohn Kellar makes your transition plan better. We get to know your family system and your existing planning. We learn about your wants and desired outcomes. Most importantly, we enhance traditional planning by addressing two crucial areas that are often overlooked. Firstly, we employ Integrative Planning over Traditional Planning. We examine all of the elements of your existing plan to learn how each interacts with and impacts upon each other, today and in the future. Each facet of your transition plan is complex in its own right. However, it is critical that these elements combine seamlessly to empower your future generations. We identify potential conflicts and guide their resolution. Tax planning, family law planning, legal planning, governance issues, and your own vision need to be integrated as one to ensure that there are no unforeseen consequences in the future when all of these pieces come together. Evolving family dynamics and continual changes in legislation require constant attention to ensure your transition plan remains on course. Secondly, we take a Values-First Approach over a Wealth-First Approach. Feigelsohn Kellar believes family wealth is an outcome of family values. The values of entrepreneurship and stewardship, of hard work, assuming responsibility, and remaining fully engaged are the true “wealth” of family values. By building the planning on this foundation, we focus on the truly important elements of stewardship.
