3 Phases, 9 Steps and 3 Benefits

The FBR System is a fundamentally different approach to family wealth transfer. Our Model involves the business owner's entire family by opening communication to clarify all members' goals and desires. Shifting the focus to the family, the FBR model makes business issues easier to understand, manage, and implement while strengthening the quality of family life.

Phase I: Examine Current Wealth Transfer Plan

• Step 1: Interview individual family members
• Step 2: Determine family objectives
• Step 3: Analyze current plan

In order to understand the goals of the entire family, the Wealth Transfer Specialist interviews each family member. Personal goals, motivations and intentions are recognized, often for the first time.

Phase II: Develop New Wealth Transfer Plan

• Step 4: Determine alternative transfer options
• Step 5: Seek advisor input
• Step 6: Develop new plan

Family input is organized in terms of common objectives. Findings encourage communication among all family members and promote sensitive and pragmatic decision making. The report also draws on tax, financial and legal concerns. The Wealth Transfer Specialist designs a plan that reflects the goals of the business owner and family members.

Phase III: Present and Implement the New Wealth Transfer Plan

• Step 7: Present new plan
• Step 8: Consider liquidity options
• Step 9: Implement and monitor new plan

The Wealth Transfer Specialist creates honest and open dialogue at a neutral retreat site that includes all family members. This strategy promotes harmony, trust and confidence in the family and business.

Benefits

• Minimize IRS Role
• Enhance Family Communication
• Maximize Business Profitability