Case Study

Enjoying the Blessings of a Multigenerational Legacy

THE SITUATION

Robert has worked a job since he was a teenager. For more than 50 years, he has devoted himself to his wife and family and building a successful business. Robert has decided that it is finally time to sell the business and spend more time traveling with his wife to visit their children and grandchildren. More importantly, he wants to make certain that the proceeds from the sale of his business will comfortably support their retirement and leave a financial legacy for his family that will provide college for his grandchildren and sizable donations to the charities he and his wife support.

THE SOLUTION

As a client of CD Wealth Management for more than 20 years, Robert meets regularly with Ilona Friedman and her team to go over his business and personal finances ensuring that everything is on track to help and his wife enjoy a portion of his income tax-free in their retirement. Now that he is ready to sell his business, Ilona has been meeting more frequently with Robert and his wife to create a game-plan for the transfer of their wealth with their children and grandchildren. The team has met with Robert’s attorney and CPA to finalize a plan for the sale of the business. They also have created a plan to distribute donations to their favorite non-profits in a thoughtful way that aligns with both the charitable and family legacy. Robert sees his role as patriarch of the family as financially protecting his family and enabling them to enjoy the blessings of the success he has built over his lifetime. His decades-long relationship with CD Wealth Management has given him the confidence that his multi-generational legacy is secure.

Robert is a real client and his story is true. We have changed his name to protect his privacy.

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CD Wealth Management

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