Rosenheim Consulting

The Baker’s Dozen

Below is a list of the issues we typically see with our high net worth and high-income clients. The advice or consultative work done on these topics are fee based and do not require prior involvement with existing planning or implementation by this advisor.

 

     Claims Advocate-

1.  Navigating the claims process can be unwieldy and daunting- especially when also dealing with a disability and all that entails. Having an insurance expert as your personal advocate, to deal with the insurance companies, find unfair claims decisions and navigate this system, can be invaluable. 

 

     Protection-

2.  Gaps in protection: Disability, Long Term Care, Life Insurance, Asset & Excess Liability

3.  Life insurance that expires before the client – a Life policy survival audit

4.  Do you have wills and trusts, and are they up to date?

5.  Special needs planning- do you have planning in place to take care of your special needs child when you are no longer able to?

6.  Failure to prepare for living a very long time, and  a discussion of what that means and who faces the real burden.

 

     Business-

7.  Assets owned incorrectly, and subject to probate, & why this truly matters

8.  Unfunded or underfunded succession plans: auditing your buyout agreement

9. Audit of fee structures in retirement plans and how to reduce them

10. Benefit plans that discriminate against the highly compensated & owners

11. Failure to design key executive retention plans: auditing the profit impact

12. Executive long-term care and impact study on profits or employee retention

13. Navigating potential pitfalls of communal ownership of family heirlooms and property.