Real Estate Owners/Developers Services

A core area of specialty at Council Financial & Insurance Services is working with Real Estate Owners and Developers. There are unique issues that arise when building intergenerational wealth with real estate assets. We have decades of practical experience in this arena and will help you understand and execute the appropriate strategies for your needs.

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Estate Planning

For Real Estate Owners and Developers, advanced estate planning techniques are often required. We can help you assess the pros and cons of each option and assist in providing much needed liquidity for the estate.

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Estate Equalization

The goal of an estate plan that involves estate equalization is to balance the desires of the parent(s) making bequests to certain individuals and the desire to maintain an equitable value to each heir.

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Business Succession

Succession planning allows owners to retire from their business within their own time frame, while preparing for the company to be transferred to family members, key employees, an outside party, or even a charity. This must be done in a way that achieves personal financial security, maintains harmony, and achieves maximum value for the business. We can provide financial strategies for succession planning.

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ILITs

An Irrevocable Life Insurance Trust (ILIT) is created to own and control a term or permanent life insurance policy or policies while the insured is alive, as well as to manage and distribute the proceeds that are paid out upon the insured's death.

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Premium Financing

Third party financing to fund your life insurance premiums may provide a tax-efficient option that allows you to preserve your current cash flow, avoid liquidating your investments, and leverage your wealth to provide a future benefit to your heirs or charitable causes.

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Neither New York Life Insurance Company, nor its agents, provides tax, legal or accounting advice. Please consult your own tax, legal or accounting professional before making any decisions.