What to Expect

Below is a sample of some of the deliverables that we provide our clients:

• Tax Planning:

  • We work with your accountant and will coordinate our work to help them do what they do best.  We do not prepare tax returns and ultimately, we will rely on your accountant to provide tax advice.

  • Every year, we provide you a summary of your tax return.  We want you to understand how you can impact your tax situation. 

  • Each quarter, we can provide you and your accountant a summary of the major tax items (i.e., estimated capital gains, major charitable gifts, etc.).

• Estate Planning:

  • We work with your attorney and will coordinate our work to help them do what they do best.  We do not draft legal documents, nor will be provide legal advice.

  • We diagram your Will with current values so you can see how your estate will be distributed at your death.

  • We summarize any other estate-related documents (i.e., powers of attorney, health care directives, etc.).

  • We provide a summary and diagram of any Trust for which you are beneficiary, or for any Trust that you have established.

• Insurance and Risk Management:

  • We summarize your various insurance policies.  This includes all insurance (i.e., life, disability, long-term care, property and casualty, liability, etc.).

  • We prepare a needs analysis to determine if you have the appropriate amount of insurance.

• Investments:

  • We ensure that you have an investment policy statement for your investment portfolios.

  • If we manage the assets directly, we will proactively look for ways to be tax efficient (i.e., asset location in specific accounts, tax-loss harvesting, etc.).

• Cash Flow and Retirement Planning:

  • We prepare long-term projections to help you understand if you are on track to achieve your retirement goals.

  • We run various scenarios to help you understand how small decisions can have an enormous impact on your long term plans.

AWA works with clients over 2 phases.  The initial phase with a client is for us to prepare a comprehensive financial review.  This involves establishing your goals and objectives, gathering your financial data, and analyzing that data.  Our objective is to help you determine if you are on track to accomplish your goals.  This process incorporates steps 1-3 mentioned previously.

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The second phase is the ongoing work.  This involves developing, implementing, and monitoring the plan (steps 4-6) and then circles back through all of the steps.  We proactively look at all aspects of your financial world.  For each client, we develop a list of deliverables that we provide.  Every client is different and we customize our work to whatever is most important to you. 

Insurance

Cash Flow

Legal

Tax

Investments

Current Situation