Tom Licciardello has obtained an SBLOC (securities backed line of credit) for a client who does frequent government contract work. He obtained a $1 million line of credit 1.5% less than the client’s previous bank offer saving more than $400/month in interest charges. In establishing the SBLOC, Tom also worked with his client’s estate planning attorney to accomplish the goal of dividing jointly held assets into living trusts which take full advantage of eligible estate tax credits, thereby significantly reducing the client’s estate tax exposure. Tom also manages the investments in the trusts.
Troy Knowlan is currently assisting a long term client with selling his interest in a company to a minority shareholder. His responsibilities include working with various professional firms to arrive at a fair value of the company, then structuring a deal that would provide the most after tax benefit to both parties.
Tim Shanahan is counseling one of his long time client couples who after a lifetime of capital accumulation is now entering retirement and ready to begin the distribution strategy that Tim designed for them in their financial plan. His strategy involves layering their cash flow in a tax sensitive fashion out of several “buckets” of assets with electronic payments directly into their spending accounts.