for: client & co-client · appendix c – docubank brochure, safety deposit box checklist &...

THE CANADIAN IN AMERICA PLAN�

For: Client & Co-Client

Date

Transition Financial Advisors Group, Inc.

Table of Contents

I. GENERAL INFORMATION............................................................................................ 1

II. INTRODUCTION.............................................................................................................. 2

OVERVIEW OF YOUR LIFESTYLE GOALS ......................................................................... 2 SPECIFIC GOALS AND OBJECTIVES .................................................................................. 3 FINANCIAL PLANNING PROCESS OBJECTIVES.................................................................. 4 DISCLAIMERS .................................................................................................................. 4

III. IMMIGRATION PLANNING........................................................................................... 5

RECOMMENDATIONS ....................................................................................................... 5

IV. CASH MANAGEMENT PLANNING .............................................................................. 6

NET WORTH ANALYSIS................................................................................................... 6 20XX CASH FLOW REVIEW ............................................................................................ 6 RECOMMENDATIONS ....................................................................................................... 7

V. INCOME TAX PLANNING.............................................................................................. 8

TAX RETURN REVIEW ..................................................................................................... 8 RECOMMENDATIONS ....................................................................................................... 8

VI. INDEPENDENCE PLANNING ..................................................................................... 10

RECOMMENDATIONS ..................................................................................................... 10

VII. EDUCATION PLANNING ............................................................................................. 11

VIII. RISK MANAGEMENT ................................................................................................... 12

REVIEW AND RECOMMENDATIONS................................................................................ 12

IX. ESTATE PLANNING...................................................................................................... 14


X. INVESTMENT PLANNING........................................................................................... 17


XI. IMPLEMENTATION...................................................................................................... 19

XII. RECOMMENDATIONS CHECKLIST.......................................................................... 20

Appendix A - Statements of Financial Position....................................................................... 22 ASSUMPTIONS.................................................................................................................. 23

Appendix B – “Gifts to Children” Scenario............................................................................ 24 ASSUMPTIONS ............................................................................................................... 25

Appendix C – Docubank Brochure, Safety Deposit Box Checklist & Document Location Checklist .................................................................................................................................. 26 Appendix D – Current and Proposed Portfolios ..................................................................... 27

1

I. GENERAL INFORMATION

Client Name Client Last

Co-Client Name

Co-Client Last

Date of Birth

January 1, XXXX

Age for Planning

XX

Date of Birth

January 1, XXXX

Age for Planning

XX

US Social Security Number

XXX-XX-XXXX

US Social Security Number

XXX-XX-XXXX

Cdn Social Insurance Number

XXX-XXX-XXX

Cdn Social Insurance Number

XXX-XXX-XXX

Citizenship

Canada US – Green Card

Citizenship

Canada US – Green Card

Date of Marriage January 1, XXXXX

Years of Marriage XX

Client

Employment Status XXX

Co-Client

Employment Status XXX

US Address

Street City, State Zip

Phone Email

Canada Address

Street City, Province Postal Code

Phone Email

Family Relationships

Name Child1 Grandchild Child2

Current Age XX yrs X yrs

XX yrs

Location City, Province City, Province

City, State

Relationship XXX XXX XXX

Client & Co-Client Last June 20XX

Introduction 2

II. INTRODUCTION Overview of Your Lifestyle Goals Client and Co-Client Last came to Transition Financial Advisors Group after becoming aware of their Canada/US financial planning issues and searching out our website online. Of primary importance to the Last’s is gaining some insights into their long-term financial projections to see if they can sustain their current lifestyle for the balance of their lives. They would also like to know what to do with their remaining assets in Canada (namely their RRSPs) and the tax implications of these assets if they were withdrawn. They would also like to develop some strategies to use up their current inventory of foreign tax credits before they expire. Overall, Client and Co-Client are in good health. They enjoy volunteering, traveling and spending time with their family. The Last’s perfect day is their current day. They have no desire to change their current lifestyle and are very comfortable with their current life. The Last’s have two children, Child1 and Child2. Child1 is married with one child. Child1 is currently employed and seems to be financially self-sufficient. However, the Last’s would like to consider giving them a down payment on a house. Child2 is single with no children. Child2 has recently decided to change careers and is currently looking for a new job. While the Last’s anticipate this to be a temporary situation, they are providing a financial cushion for Child2 until he gets back on her feet. Client has two brothers, Brother1 and Brother2. Client has occasional contact with Brother1 but is closer to Brother2. Both are financially independent and won’t need any assistance from the Last’s. Co-Client has one remaining sister, Sister1, whom she is very close to. She is financially independent and won’t need financial assistance from the Last’s. At the first spouse’s death, the Last’s want the surviving spouse cared for. Both Client and Co-Client want to be buried in Canada. In the event of their incapacity, the Last’s want to be self-sufficient and remain in their home for as long as possible. They would like to remain close to their children to ensure it is as convenient as possible to visit. However, if they were to enter a persistent vegetative state, both Client and Co-Client want the “plug pulled.” Despite some ideas, the Last’s don’t know who they would have act in the roles of healthcare agent, financial attorney-in-fact or successor trustee and would like some help in making these decisions. The Last’s heirs are their two children, which they would like to treat equally 50/50. However, they would like to include their current grandchild and any future grandchildren as well in education or other learning endeavors. Client and Co-Client would like to ensure that their estate remains with their children and grandchildren and is protected from any predators or creditors (including spouses) but they are uncertain who would be an appropriate trustee in that situation.


Introduction 3

There are several values and beliefs that Client and Co-Client hold dear that they would want to see passed on to their children and grandchildren:

� the importance of family and the need to keep those relationships vibrant � the importance of getting a good education � the value of hard work to achieve what you want and being financially independent � the importance of saving for the future or a rainy day � the importance of their Canadian heritage and the legacy it has in their lives � the importance of giving back to the community through your time, energy, resources � the importance of having/helping friends and other social interactions

Specific Goals and Objectives Goals 1. Get an appraisal of the Canadian cabin this summer and let the word out that it might be for

sale. Decide if it should be this year or next. Objectives 1. Maintain our current lifestyle for the balance of our lives with annual expenses of $X00,000

after-tax dollars adjusted for inflation

2. Pay off our current home mortgage of $300,000 by its maturity on January 8, 20XX

3. Help Child1 with a $50,000 down payment on his first home in 20XX

4. Help Child2 with a $25,000 gift to cover expenses until new career is established by 20XX

5. Sponsor a family trip to India in 20XX at a total cost of $20,000

6. Determine whether $20,000 per year for renting a place in Canada for 3 months during the summer would be economically feasible once the Canadian cabin is sold


Introduction 4

Financial Planning Process Objectives

Based on our conversations, the following is what you want to see out of this initial phase of the financial planning process:

Provide a better understanding of our current financial situation projected into the future Provide us with the pros and cons of becoming US citizens Determine whether our investments are allocated appropriately Provide strategies for using up the foreign tax credits we have accumulated to date Provide alternatives we can use in setting up an education account for Grandson Help us determine the best course of action for our assets in Canada and understand the tax implications of each Determine our life insurance needs Provide us with some insights on using Medicare vs. Blue Cross now and after we have accumulated 30, then 40 credits Review our current estate plan and determine if it has the level of control we desire Evaluate the pros and cons of divesting ourselves of all or some of our Canadian assets Build a financial model to evaluate the risk/reward scenarios and tax consequences of partial vs. 100% divesting Canadian assets

Disclaimers

It is important to relay on to you the flaws of using projections, in addition to pointing out what we are providing here, and what we are not providing. First, projections are exactly that, projections. In no way can are they an accurate prediction of the future. The projections contained herein are out-of-date by the time we print them because of the constantly changing variables in our world (investment market fluctuations, tax law changes, changes in your own personal circumstances, etc.) The value they provide is simply to determine how your financial situation trends

into the future after incorporating assumptions that are based on historical averages. These projections should be reviewed at least annually to incorporate changes that have occurred over the past year, which could be substantial.

Second, we are not accountants and do not prepare audited financial statements. The financial statements contained herein were not prepared using generally accepted accounting principals. They are simply estimates to allow further insights into your financial situation. To that end, they may be incomplete and have not been audited so you should not use them to secure credit or, in any other situation where formal financial statements are required. Further, any comments herein on intricate tax matters or the implementation of such are merely our opinion and should not be relied upon. You should consult with a qualified CPA before any action is taken or if you need financial statements prepared.

Third, we are not attorneys and do not give legal advice. Any comments contained herein on legal matters are merely our opinion and should not be relied upon. The appropriate legal counsel should be sought and the legal aspects considered before action is taken.

* NOTE – All dollar amounts quoted in US$ unless noted otherwise.


Immigration Planning 5

III. IMMIGRATION PLANNING

A well-planned immigration strategy is the foundation to any Canada/US move and can assist in achieving your goals. However, the opposite is also true because poor planning can cause many complications. Based on our conversations, you would like to know…

Recommendations

1. Green Card – You have both held your Green Cards since May 19XX. Now that you have held your Green Cards…

2. Naturalization – You are considering becoming Naturalized US citizens but want a better understanding of the pros and cons of doing so. These are outlined for you below:

Pros Cons • • • • • • • •

Obviously, becoming a Naturalized US citizen is a personal decision that must be considered carefully…

3. Grandchildren – As we discussed, Grandson and any future grandchildren born in the US are eligible for Canadian citizenship…


Cash Management Planning 6

IV. CASH MANAGEMENT PLANNING

Cash management planning contains two elements of review. First, your net worth statement is developed and reviewed for any opportunities or anomalies. This includes a debt management plan and ways of improving your overall net worth. Second, we combine the current year’s actual and projected cash inflows and outflows to determine if you will run a surplus or deficit in the current calendar year. Given a surplus or deficit, we develop alternatives for you to consider that are aimed at improving your overall financial health. Note, the retirement planning section of this plan looks at your cash deficits or surpluses beyond the current year to age 100.

Net Worth Analysis

As of April 20XX, your total assets were approximately $X,000,000 with total liabilities of $X00,000, giving you a net worth of approximately $X,000,000

(see Appendix A). About XX% ($X,000,000) of your assets are located in Canada, while XX% ($X,000,000) are located in the US. Regarding the titling of your assets, Client holds about $X00,000 or XX%, Co-Client holds $X00,000 or XX%, you jointly hold $X,000,000 or XX% and $X00,000 or XX% is held by your individual trusts. The ratio of your total debt to your total assets is XX.X%, while XX% of your assets are in personal use assets. Your debt to total assets appears LOW and does not cause us any concern at this time. Your personal assets appear HIGH in relation to your net worth but does not cause us any concern at this time because... It also demonstrates that you have done very well in balancing your immediate gratification with saving for the future.

You currently have insufficient “emergency funds” available for unexpected expenses (auto/home repair, major medical, auto or homeowners insurance deductible, etc). Industry standards suggest that three to six months of living expenses should be kept in liquid cash for emergencies. We recommend you retain approximately . . . We recommend you retain this cash in a money market account where it is readily available but still earning you money market rates. Establishing an emergency fund is not only a practical financial tool but also, allows you to pay for sudden expenses without having to liquidate investments at an inopportune time. We recommend…

20XX Cash Flow Review

A review of your projected 20XX cash inflows shows a total of approximately $XX,000 consisting of ABC pension, government retirement benefits, wages and interest income. A review of your 20XX cash outflows shows a total of approximately $XX,000 comprised primarily of living expenses, mortgage and taxes. In netting your cash inflows with your cash outflows for 20XX, you have a cash SURPLUS of approximately $X,000 (see Appendix A).


Cash Management Planning 7

Recommendations

1. Home Mortgage – You currently have a home mortgage remaining of approximately $X00,000. Assuming you do not earn any other income in 20XX…

2. Cash Needs – Based on our discussions, you have had to collapse some of your RRSPs in recent years to meet your current living expenses and weren’t sure this was the best alternative. Based on our analysis…

Based on your current projections (see Independence Planning section), it appears you have sufficient cash flow on an annual basis without the consumption of capital. However, based on your past few years tax returns…

3. Currency Exchange – As you begin the process of moving your Canadian cash to the US, currency exchange is another area where you can pay dearly. We recommend…


Income Tax Planning 8

V. INCOME TAX PLANNING

Income tax planning takes our understanding of the current tax laws and looks for any opportunities or compliance issues you may have with the taxing authorities and provides alternatives for you to consider. It is important to note… You are primarily interested in…

Tax Return Review

Based on our review, it appears your 20XX, 20XX and 20XX tax returns have been filed INCORRECTLY for the following reasons:

• •

Based on the above, we recommend…

Recommendations

1. Medical Expenses – It appears that you are able to deduct a portion of your medical expenses each year on your federal tax return because…

2. Charitable Expenses – Since Co-Client volunteers down at the stroke center, you should be aware…

3. Tax Loss Harvesting – The taxable portion of your portfolio at Charles Schwab has approximately $XXX,000 in losses that could be “harvested”…

4. RRSPs/LIF – As non-residents of Canada, the Canada/US Income Tax Convention dictates that… We believe the withdrawal of your RRSPs/LIF from Canada in an expedited fashion is best for the following reasons:

• • • To that end, we have the following specific recommendations for your RRSPs/LIF:

Client’s RRSP

– Currently, Client has approximately $XM in his RRSP at RBC. We recommend…

Client’s LIF

– LIFs pose a unique problem for non-residents because they…


Income Tax Planning 9

Currently, Client has approximately $XXXk in his LIF at RBC. This plan falls under Province of Ontario rules, which means…

As you may be aware, there is a minimum amount Client must withdraw from the LIF annually based on his age (1/(90-age)). We recommend…

Co-Client’s RRSP

– Currently, Co-Client has approximately $XXXk in her RRSP at

RBC. We recommend…

5. Foreign Tax Credits – Based on our review of your 20XX tax return, it appears you have the following inventory of foreign tax credits:

Tax Year Passive 20XX X,000 20XX X,000 20XX X,000 20XX X,000 20XX 0

TOTAL $XX,000

Currently, you have an inventory of passive foreign tax credits that you are carrying. As you may be aware…

To consume foreign tax credits, IRS rules state…

One other alternative is…

6. Canadian Cabin – Currently, you are considering the sale of your cabin and want to know the tax implications of this sale. Based on your current estimates, you expect gross proceeds of C$X00,000 from the cabin less a cost basis of approximately C$X00,000 for a net capital gain of approximately C$X00,000. First, from the Canadian tax standpoint…

As a non-resident of Canada, you are required to…

From a US perspective, the sale of the cabin must be…

7. Roth IRA Conversion – You should…

8. Section 212 Expenses – Our fees (as well as those incurred for managing any of your money in Canada) are…

9. New Tax Laws - President Bush signed into effect the Jobs and Growth Tax Relief Reconciliation Act of 20XX, which will continue to provide you with real tax relief. Some of the benefits you will experience include:


Independence Planning 10

VI. INDEPENDENCE PLANNING

Independence planning is intent on helping you determine when you can expect to be independent of work and what other things in life you want to accomplish when independent. We take your current assets and apply… Based on our discussions, you would like to understand the impact of… In addition, you would like to understand the long-term impact on…

Recommendations

1. Independence Goals - A review of your long-term projections reveals…

2. ABC “Top Hat” Plan – Currently, you are receiving U$XX,000 annually from a salary continuation plan from ABC Canada. This income is subject to…

3. Effects of Inflation – The drawback to Client’s Top Hat plan is…

4. Roth Individual Retirement Account (IRA) – We recommend... Contributions to a Roth IRA will provide you with the following benefits:

5. Social Security – According to the projections provided by the Social Security Administration, your Social Security benefits…

One thing you need to be aware of is…

6. Canada Pension Plan – Currently, you are eligible and soon will be collecting your respective Canada Pension Plan monthly payments of C$X00 and C$X0. As you are aware…

7. Old Age Security – Currently, both of you are eligible and soon will be collecting your Old Age Security payments of C$X00 per month. As you are aware…


Education Planning 11

VII. EDUCATION PLANNING

Education planning looks at upcoming expenditures for private school, college, etc. for your grandchildren and how you might fund (or partially fund) that future obligation. You were uncertain about… There are several options available to you depending on how much you want to contribute to their education and how much control you want. These alternatives are outlined below, along with the pros and cons of each for your consideration.

Uniform Transfers to Minors Account (UTMA) – You can establish…

Coverdell Education Savings Account – This is an account that allows…

Section 529 Plans – These are state-sponsored programs that allow…

Pros Cons UTMA

♦ ♦ Coverdell ESA

♦ ♦ Section 529 Plans

♦ ♦

Other education benefits currently available for parents that you may want to make Child2 and Child1 aware of include:

Scholarship Credit – This is a…

Learning Credit – This is a…

Tuition and Fees Deduction – You can deduct up to…

Student Loan Interest Deduction – If student loans are used, parents are…


Risk Management 12

VIII. RISK MANAGEMENT

In this section, we review areas of potential risk… If there is a risk exposure, options are provided to manage those risks. At this time, you are primarily concerned with…

Review and Recommendations

1. Illness – Currently, your health insurance needs are…

Medicare is currently…

Currently, you have established…

If you qualify for Social Security at age 62…

While Medicare provides good base coverage, it should not…

It is a personal choice but we tend to favor… for the following reasons:

If you would like a detailed analysis…

2. Dental Maintenance – It is not clear whether…

3. Vision Care – It is not clear whether…

4. Disability – In the event of Client’s long-term disability, it appears… Likewise, in the event of Co-Client’s long-term disability… We recommend…

5. Long-Term Care – In the event you can no longer perform “activities of daily living”… To cover this risk exposure and not be a burden to your family, we recommend… You should consider… To avoid the pending increases in costs, we recommend…

6. Death – Typically, life insurance is needed for… At this point, we recommend you…

Accidental Death and Dismemberment

– We typically do not recommend…


Risk Management 13

7. Personal Liability – In the event somebody successfully sues you beyond what your… BE SURE that…

Successful Lawsuit

Umbrella Policy

Condo Owner’s Policy ($X00,000)

(Additional $X,000,000) Auto Policies ($XXX,000/$X00,000)

8. Home Ownership – Owning a home creates some potential risks for you as well. To cover this risk, we recommend …

9. Cabin Ownership – Owning a vacation home creates potential risks as well. To cover this risk, we recommend …

10. Personal Property – We recommend you… Once completed, you must… In addition, see the estate planning section for…

11. Auto Ownership – Owning your 20XX BMW and 20XX Lexus creates potential risks… We recommend you… In addition, you should consider… We recommend you… Be sure to…


Estate Planning 14

IX. ESTATE PLANNING

According to the National Network of Estate Planning Attorneys, the definition/purpose of estate planning is…

To give you the most flexibility in… They include:

1. Revocable Living Trust – A Living Trust provides… Overall, a Living Trust offers you the following benefits:

Allows you to avoid… Your estate is kept… Eliminates the need for… Alleviates your heirs from… Enables you to get… Enables you to use… If you make your Trust the beneficiary of your IRAs, you have…

2. Last Will – A last will provides…

Your last will, as a part of an overall trust-centered estate plan is simply a…

3. General Durable Power of Attorney – This document outlines…

4. Healthcare Directives – Typically, this document combines your…

A healthcare power of attorney gives…

Recommendations

1. Update Your Estate Plan - Based on a review of your current estate plan and our discussions, it appears… To that end, we recommend your estate plan be updated for the following reasons:

Living Trusts

• Based on our discussions, it appears you would like… • It does not appear you have… • It does not appear that there is a… • It would be good to have…

We recommend you have your trust COMPLETELY RESTATED by… We would be happy to provide…


Estate Planning 15

Last Wills

• It does not appear that… • There does not appear to be… • It does not appear that there is a… • Your disability is left to a…

When you have your trusts RESTATED, we recommend…

General Powers of Attorney

• Your General Powers of Attorney are at risk… • You do not have… • Your General Powers of Attorney need to grant…

When you have your trusts restated, we recommend…

Healthcare Directives

• There should be a provision that states… • You should consider… • Your documents should be… • Your Healthcare Directives grant very broad powers that are… • With recent court rulings, you should look at…

When you have your trusts restated, we recommend…

We can provide you with a referral to… We will interview and select an…

2. Implement Your Estate Plan – Based on our review, it appears that… We offer the following for your consideration:

a. Fund Your Trust

– Based on our review, it appears that… We recommend you…

b. Personal Property Memorandum

– As noted above, it does not appear…

c. Beneficiaries

– You should… We recommend…

d. Digital Retrieval Service – Once your healthcare directives have been brought current, you should…

e. Safe Deposit Box/Document Checklist – You should…


Estate Planning 16

f. Final Arrangements – If it is important to you, you should…

Some items to consider include:

Specifying… Writing your… Outlining… Identify specific… Who you want as the… Who you want in charge of… Whether you want to be… What you want done with… Identify… If you wish to donate… If you want… Outline…

3. Taxes at Death – Overall, there are many different taxes that need to be considered…

4. Annual Gifting – Currently, each of you are eligible to…

5. Education/Medical Gifting – You are eligible to…

6. Communicate Your Plan - Be sure you have a conversation with…


Investment Planning 17

X. INVESTMENT PLANNING

Investment planning looks at how to structure all of your investment assets, in all your different accounts in a unified manner taking into account the planning issues and opportunities outlined in this plan, and couple it with your individual risk tolerance. Our investment philosophy rests on two key principals:

1. Grandma was always right…

2. Nobody can predict…

Based on this, we typically use…

Following is a brief summary of the role each of these assets plays in your overall portfolio:

Cash – is a good asset class to have as a part of any portfolio because it adds…

Bonds – perform well in periods of…

Stocks – are an excellent investment during periods of…

Hedges – protect the portfolio during…

Recommendations

1. Diversify Your Portfolio - Based on our review, your portfolio…

• Your portfolio has a heavy XX orientation…

• Your portfolio is heavily weighted…

• You are holding…

• You are currently holding…

• Your portfolio lacks…

• You have a few different…

• There appears to be a conflict…

• It appears you do not have…

To further diversify your current holdings, we have included…


Investment Planning 18

2. Consolidate Your Holdings – One way to simplify your life and ease the administration of your affairs is to…

3. Banking – With regards to your checking accounts, we recommend…

a. Pays…

b. You can use…

c. You can transfer…

d. You get a…

e. You will get…

f. You are able to…

The one disadvantage is…

4. Investment Expenses – A good number of the active mutual funds at Merrill Lynch are “loaded” mutual funds…

5. Variable Annuity – Currently, Co-Client has just over $XXX,000 invested in a variable annuity…

6. Consider Professional Management –You need to consider…

If you decide to choose an investment manager, consider the following:

• Choose a manager who…

• Do not choose a manager who…

• All things being equal choose…

• Make sure the manager…


Implementation 19

XI. IMPLEMENTATION

You may have heard that financial planning is a process, not an end in itself. To that end, the plan outlined above is…

Our role as your financial advisors is…

It is important to note that your circumstances will…


Summary of Recommendations 20

XII. RECOMMENDATIONS CHECKLIST

Should be your primary focus in the near-term

Should be monitored closely and implemented soon

Should be implemented as time permits

Agree/ More Info Implementer Key Dates

Immigration Planning 1. Naturalization – Consider…

2. Grandchildren’s Canadian Citizenship – Inform…

Cash Management Planning 3. Emergency Fund – Keep…

4. Mortgage – Payoff…

5. Cash Needs – Restructure…

6. Currency Exchange – Move…

Income Tax Planning 7. Tax Returns – Amend…

8. Medical Expenses – Track…

9. Charitable Expenses – Track…

10. Tax Loss Harvesting – Consider…

11. Client’s RRSP – Restructure…

12. Client’s LIF – Withdrawal…

13. Co-Client’s RRSP – Withdrawal…

14. Foreign Tax Credits – Consider…

15. Canadian Cabin – File…

16. Roth IRA Conversion – Assess…

17. Section 212 Expenses – Bunch…

Independence Planning 18. Gifting – Postpone…

19. Roth Accounts – Make the maximum contribution…

20. Social Security – Apply…

Risk Management 21. Health Coverage – Confirm…

22. Medicare – Contact…

23. Medigap – Purchase…

24. Long-Term Care – Purchase…

25. Life Insurance – Cancel…

26. Personal Liability – Confirm…

27. Condo Owner’s Policy – Increase…

28. Seasonal Residence Homeowner’s Policy – Increase…

29. Personal Property Inventory – Develop…


Summary of Recommendations 21

Agree/ More Info Implementer Key Dates

30. Auto Policy – Increase…

31. Drop Coverage – Consider…

32. Compare Pricing – Consider…

33. Director’s & Officer’s Liability Insurance –

Provide…

Estate Planning 34. Revocable Living Trust – Have…

35. Last Will – Have your Last Wills…

36. General Durable Power of Attorney – Have your POAs…

37. Healthcare Directives - Have your healthcare directives…

38. Fund Your Trust – Re-title…

39. Personal Property Memorandum – Be sure to…

40. Beneficiary Designations – Review…

41. Docubank – Be sure to file…

42. Safe Deposit Box Checklist – Review…

43. Document Checklist – Review…

44. Final Arrangements – Draft…

45. Annual Gifting – Consider…

46. Education/Medical Gifting – Review…

47. Communicate Your Estate Plan – Have a conversation…

Investment Planning 48. Diversify Your Portfolio – Consider…

49. Consolidate – Move all of your accounts…

50. Banking – Move your banking accounts…

51. Co-Client’s Variable Annuity – Provide us with…

52. Professional Management – Consider…


22

Appendix A - Statements of Financial Position


24

Appendix B – “Gifts to Children” Scenario


26

Appendix C – Docubank Brochure, Safety Deposit Box Checklist & Document Location Checklist


27

Appendix D – Current and Proposed Portfolios

for: client & co-client · appendix c – docubank brochure, safety deposit box checklist &...

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