Case Studies

No matter what stage of life you are in, HFS Wealth Management can provide advice to help improve your overall financial situation and target your objectives.  The following case studies provide examples of financial planning opportunities worked on by the HFS team.
Building Wealth

Preserving Wealth:  Selling a Business

Synopsis: 
Unmarried couple own a business and have recently decided to sell to a large multi-national organization for a significant profit.  Clients are currently under contract as employees, but will soon be leaving and don’t have any plans to work after that.
Key Issues:
  • Disorganized and in need of comprehensive financial review
  • Taxes from sale of the business
  • Neither client had updated their estate plans
  • No investment plan with the assets from the sale of the business
  • Had multiple insurance policies that needed to be restructured
Solution:
  • Assisted client in the development of a budget
  • Developed estate plan to carry out their wishes and reduce likelihood of having to pay estate taxes
  • Created an retirement income plan for them to live off of and investing the money from the sale of the business in a diversified portfolio
  • Recommended eliminating disability insurance policies since there wasn’t a need any longer
  • Restructured multiple life insurance policies to create greater efficiencies in overall estate plan

Enjoying Wealth