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Category Archives: Estate Planning

Author By Matt Schiff Posted on Categories Business Succession, Estate Planning, Owner Benefits, Retirement

The Perfect Plan – Episode 10 (The Business Owner’s Dilemma – Ali Nasser)



In my latest interview with key people in the financial services world, I had the pleasure to hear from my friend Ali Nasser as he explained his history of working with business owners and their "dilemmas". We chatted about our friendship, history, and how he decided to write his book where you'll learn that you aren't alone in how you run your business, what you prioritize, and what you think about. He has spoken nationwide about this topic, and you can learn more by accessing his book through this link:

If you'd like to purchase his book, please use the following link:

https://www.amazon.com/Business-Owners-Dilemma-Control-Chatter/dp/1544501463

Through his stories, he'll help you gain clarity of what is most important to you, and help you lay out a plan for your "ideal" situation.

P.S. SEB does not make any money on the sales of this book, and 100% of the proceeds from his book go to Charity (Water). We hope that you enjoy what it offers you, and that if you find value, we would be happy to help you Clarify your ideal Future.

Author By Matt Schiff Posted on Categories Business Succession, Deferred Compensation, Education, Employee Retention, ESOP, Estate Planning, Executive Benefits, Owner Benefits, Retirement

ESOP – Employee Stock Ownership Plan – A way to Monetize your largest asset

https://youtu.be/VUsv8NaXsrc

Are you a business owner? Have you ever thought about selling your business?  How much is it worth? Do you have other shareholders, or family that own part of the business?

Well, in this, the Sixth episode of The Perfect Plan, Dan Zugell, my friend and colleague of 25 plus years goes into the wonder of an Employee Stock Ownership Plan (ESOP). In this qualified retirement plan solution for a business owner, you have a ready and willing buyer, that will buy your business, for a set dollar amount, at a set triggering event. If done correctly, you as the business owner can still run it, control it, and participate in the future growth of your company.

Dan goes into the benefits, tax advantages, and rules of how to design "the perfect" exit strategy for the closely held business owner. Take a few minutes and hear what he has to say, then contact us on how we can help you monetize your largest asset.

Ps. You can schedule a direct call with Dan at https://dantheesopman.com/ or with SEB at  Calendly - Matthew E Schiff

Author By Matt Schiff Posted on Categories Education, Estate Planning, Owner Benefits, Retirement

Wealth Management – Personal Finance and the Department of Labor with Jamie Hopkins

https://youtu.be/mXFv0Cp3zAo?si=STHkIxZZqru-m5L4

In this episode, the 5th Episode of the "The Perfect Plan", Jamie Hopkins Esq., LLM, CFP®, ChFC®, CLU®, RICP® CEO Bryn Mawr Capital Management, LLC joins us to discuss investments, wealth accumulation, the Department of Labor, and Retirement Planning.  Check out his insight into how to create your "Perfect Plan".

Author By Matt Schiff Posted on Categories Corporate Owned Life Insurance, Deferred Compensation, Education, Employee Retention, Estate Planning, Executive Benefits, Owner Benefits, Retirement, Trust Owned Life Insurance

Collaborative Practice Meeting – May 15th/16th

Are you an Attorney, Accountant, TPA, Trust Officer, Insurance Agent, Property and Casualty agent? If you work with Business Owners, and their families, then you want to be at this meeting where you will hear about how to COLLABERATE with other professionals who work with your client.

We will spend the day on Thursday, May 16th at the Fitler's Club in Philadelphia sharing a case study that is VERY relevant in today's world. How do you handle the intricacies of the family while bringing together all needed advisors to work seamlessly?

Well, we will have 20-25 attendees from different professions, coming together to discuss the challenges that they are facing with their clients in 2024. Come join us, and network with some of the best in their fields.

P.S. The night before, we have a Box at Citizens Bank Park for the game between the NY Mets and the Philadelphia Phillies (@6:40pm).

Sign up below to save your spot.

Author By Matt Schiff Posted on Categories Estate Planning, Owner Benefits

Estate Planning iDEAS for 2021 and Beyond


In 2021 the House Ways and Means Committee and Senate Finance Committee have drafted legislation that will dramatically change the taxes on Generational Tax Planning. Words like GRATs, CRATs, FLPs, and ILITs are effected as these "financial instruments" that are usually Grantor Trusts, or set up by a donor (grantor), are set up for long term planning. Well, today that long term planning has to change based upon these new tax rules.





Take a look at what Michael Fontanini of Lion Street highlights as potential problems for families that have these very useful instruments in place.





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