Family Planning

Estate planning strategy is a recurring process that we will help you revisit as your life, needs, and goals evolve over time. Each change is a chance to work with your advisor and attorney, refine your strategy, and codify your answers in key documents that will control the distribution of your assets — and the shape and content of your legacy. We act as a quarterback in coordinating conversations with your investment banker, CPA, and attorney. In our experience we are the one advisor that sees you through all stages of your business transition: before, during, and likely 30+ years after your business succession.

 

Corporate Planning

If your wealth is the product of a business or company in which you have an interest, you will confront a wide array of estate planning strategies and opportunities. Strategic thinking of a different order is key to realizing and passing on value. Many techniques and structures are available to help you preserve and pass on a business and your wealth. Planning is the process of aligning corporate and family aspirations in a way that reflects not only your financial circumstances, but also the vision and commitments that drive your success. Your legacy is the opportunity to pass on the material rewards of your life in the way that best fulfills your goals and reflects your values. Touching the future in this way can only be accomplished through thoughtful planning.

 

Business Valuation

There are steps that we help clients follow when it comes to understanding the process of selling their business. Your exit strategy is as important as your first few years in business, and we want to ensure the process moves along smoothly for you. We will help conduct market analysis and create a marketing strategy, consider and evaluate multiple exit strategies, and, from there, begin cleaning up the company to help finalize a sale. Each step requires a certain level of due diligence and attention to detail that we specialize in.

 

Succession Planning

A successful transition is the last ‘crowning’ achievement for many business owners, and there are many complex issues to manage along the way. We have found that a structured process is the key to preparing for transition. The level of planning involved requires considerable experience and skill because planning is the key to your transition success. Whether you plan to hand your business to family or employees or to sell it on the open market, you need to take the right steps to maximize the value of your business at the time of sale. While each deal’s timeframe will vary, we break the timeline into four distinct phases: Long Term, Short Term, During Negotiation, and Post-Transaction.

 

As a successful private business owner you have a myriad of considerations before entering into a major transaction...

And we, along with our Wells Fargo Bank, N.A. resources, are prepared to help guide you through this complicated process. A few questions to consider would include:

1. What is your timing for exiting the business?
2. Do you have an exit plan or succession strategy for your business?
3. Do you know the value of your business?
4. Are you familiar with market trends and comparable business sales in your industry?
5. Are there key employees you want to reward?
6. What is your motivation for exiting?
7. Does your estate plan include your business?

*Wells Fargo Advisors is not a legal or tax advisor. However, we will be glad to work with you, your accountant, tax advisor and or lawyer to help you meet your financial goals.

Wells Fargo Bank, N.A. (“the Bank”) offers various banking, advisory, fiduciary and custody products and services, including discretionary portfolio management.  Wells Fargo affiliates, including Financial Advisors of Wells Fargo Advisors, may be paid an ongoing or one-time referral fee in relation to clients referred to the Bank. In these instances, the Bank is responsible for the day-to-day management of any referred accounts.