Considerations to explore when developing a Family Wealth Management Life Plan

Financial Planning
Goal Analysis 
Needs, Wants, Wishes
Evaluation of Alternatives
Probability Analysis
Monitoring Progress
Budgeting and Cash Flow
Budget Evaluation
Cash Flow Management
Savings strategies 
-Education
-Retirement
Debt Analysis
Borrowing Needs
Secured vs. Unsecured
Buy vs. Lease/Rent
Special Circumstances
Marriage/Divorce
Disability/Illness
Non-Traditional Families
Dependents with Special Needs

Investment Planning
Economics/Business Cycles
Fiscal Policy
Monetary Policy
Economic Indicators
Business Cycles 
Inflation, Deflation, Stagnation
Asset Allocation
Risk Tolerance
Strategic & Tactical 
Active & Passive 
Rebalancing
Investment Selection
Portfolio Construction
Manager Selection
Discretionary vs. Non-Discretionary
Performance Reviews
Tax Efficient Investing
Taxable vs. Tax-Free
Tax Loss Harvesting
Real Estate Conversations
Mortgages & Refinancing
Commercial & Residential

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Retirement Planning
Lifestyle Review
Retirement Review
Evaluating Needs, Wants, Wishes
Retirement Income
Coordination of Fixed and Variable Sources of Income
IRA/401K/403B
Annuities
Effects of Longevity
Inflationary Risk
Social Security & Pension Election
Benefit Commencement Decision
Healthcare
Healthcare Spending Accts
Medicare
Long Term-Care

Wealth Planning
Wills & Legal Documents
Records Organization
Healthcare POA
Living Will
Durable POA
 Legacy Planning Gifting & Uses of Trusts
Annual Gifting
Lifetime Gift Exemption
Revocable & Irrevocable Trust 
Grantor Trust
Family Governance & Dynamics
Protect the Wealth Plan
Family Mission Statement
Family Councils
Charitable Planning
Charitable Trust
Direct Bequests
Donor Advised Funds
Private Foundations

Asset Protection Planning
Capital Needs & Disability Analysis
Life Insurance 
Disability Insurance 
Property/Casualty & Special Insurance
Umbrella Liability
Directors & Officer
Employee Practices Liability Insurance (EPLI)
Exempt Assets & Entities Usage
State Exempt Assets
LLC’s
PLP’s
Trusts
Spendthrift Provisions
Domestic Asset Protection Trusts