the archer financial group
DESCRIPTION
Archer Financial is NOT an insurance agency. Archer is a boutique advisory firm that structures sophisticated life insurance-based estate, tax planning and retirement strategies for individuals; and business succession and benefit strategies for privately owned enterprises.TRANSCRIPT
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W h o i s T h e A r c h e r F i n a n c i a l G r o u p ?
Archer Financial is NOT an insurance agency. Archer is a boutique advisory firm that structures sophisticated life insurance-based estate, tax planning and retirement strategies for individuals; and business succession and benefit strategies for privately owned enterprises.
PERSONAL SOLUTIONS
Preserving and Transferring Wealth (Estate, Gift, and Trust Planning)
Archer’s team of tax attorneys and insurance experts work with a client's existing professional advisors to craft gift and estate planning strategies that reduce tax liabilities and eliminate liquidity concerns frequently caused by estate and generation-skipping transfer taxes.
Insurance Planning
Archer’s team of tax attorneys and insurance experts evaluate existing life, disability, and long-term care insurance to assess the sufficiency of coverage; identify more cost-effective solutions and assess tax benefits of insurance trusts.
Retirement Income
Archer’s team of tax attorneys and insurance experts work with clients to structure life insurance-based vehicles that, in addition to being creditor protected, provide both tax-free returns and income distribution.
BUSINESS SOLUTIONS
Succession Planning
A business succession plan is the key to continuity in a closely held corporation. Working in conjunction with a client’s professional advisors and insuring that all are working towards the common goal of formulating the best available business succession plan, Archer’s team of tax attorneys and insurance experts will:
! Provide a detailed written analysis of existing wills, shareholder agreements, business succession and employee benefit plans that identifies weaknesses (such as avoidable tax exposure, loss of control or business dissolution) and recommended strategies that eliminate identified exposures.
Executive Fringe and Health Care Benefits
Archer’s team of tax attorneys and insurance experts work with clients to establish a host of fringe benefit (such as Executive Bonus Plans; Split Dollar Insurance; Deferred Compensation Plans; and Non-Qualified Executive Fringe Benefits) and full service health care platforms.
W h o a r e A r c h e r ’ s C l i e n t s ?
Baseball Legends, Football Legends, Hall of Fame Athletes, well-known celebrities, entertainers and several of Forbes wealthiest families. Business clients run the gamut from a major NYC real estate development firm (The Arker Companies) to a national beverage producer (Snapple Iced Tea) to a drug store chain (Genovese Drug Stores) to the world’s largest distributor of wedding gowns (Kleinfeld Wedding Dresses) to professionals in industries with increased exposure to personal liability (e.g. physicians).
C a s e S t u d i e s B E C R E A T I V E W I T H Y O U R E S T A T E In this instance, Archer structured a transaction that allowed a 72-‐year old man and his 67-‐year old wife to effectively double their estate from $10 to $20 million – not only did this strategy allow the couple to live a very comfortable retirement but it provided their heirs with a $10 million tax-‐free inheritance. How By setting up an irrevocable life insurance trust, both husband and wife were entitled to an exemption, allowing each to transfer $1 million as a tax-‐free gift into the trust. Using that $2 million, the irrevocable life insurance trust purchased a $10 million second-‐to-‐die life insurance policy that, upon the passing of both spouses, will pass $10 million tax-‐free to their heirs. Versus No Strategy Without utilizing this wealth preservation strategy, the couple would have been required to tap into their $10 million estate for retirement living expenses. Upon the death of the second spouse, the balance of the estate, less approximately 50% in estate taxes would then pass to their heirs – best case scenario, the heirs would receive $5 million. GE T T H E MO S T OU T O F Y O U R I RA In this instance, Archer structured a transaction that allowed a 69 year old man to take his $4 million IRA and transform it into a $10 million tax-‐free inheritance for their children and a $4 million tax-‐free gift to their favorite charity. How By utilizing the $140,000 ($240,000 pre-‐tax) annual return generated from the IRA to purchase a $10 million life insurance policy on the client’s wife, the estate could transfer $10 million tax-‐free to their children without touching the original $4 million IRA. In order to shield the $4 million IRA from income and estate taxes, a private foundation was formed, designated as the IRA beneficiary and instructed to grant a $4 million donation to the client’s charity of choice. Versus No Strategy Without utilizing this wealth maximizing strategy, the client’ would have required approximately $45 million in his IRA to leave $14 million after income and estate taxes. MAX IM I Z E Y O U R E X I S T I N G I N S U R A N C E P O L I C Y B Y UN D E R S T A N D I N G Y O U R O P T I O N S Years ago, many people bought life insurance policies that did not provide guaranteed values because they were pegged to interest rates. As a result of interest rate declines over the last several decades, the cash values generated are insufficient to maintain the policy for as long as originally projected. Archer will detect these concerns and present cost-‐effective solutions.