Uncle James passed away a few years after becoming our client. With James, and all of our clients, we follow a slow, get-to-know-you process:
Because we take it slow, we get to know our clients at a meaningful level. We talk with our clients as often, and for as long, as our clients would like. Often, the conversations discuss not just the money, but the importance and meaning of the money. Here is a short story with the names and details changed enough to keep our client’s privacy.
Uncle James passed away a few years after becoming our client. Because James never had children, he left the assets in trust for his three nieces. While the children grew up, we managed the investments and their father kept their inheritance a secret.
When they were college-bound, James’ nieces received a pleasant surprise—college was free, thanks to Uncle James! We:
- Set up and helped James fund the trusts, making it easy for James
- Managed the investments prudently with Uncle James’ goals in mind, making it easy for the trustee, his brother.
- Managed and reduced tax costs
The accounts continued to grow, even after paying for college. James’ oldest niece was able to pay for a wedding and make a down payment on her first home. Uncle James’ generosity will be forever remembered by this family.