Moreton Financial Solutions FAQs
Business Succession Planning:
- What does a Business Succession Plan consist of?
We have a 7 Step Process that includes planning now, necessary documents and transition for the business in the future. - Are there different kinds of Buy Sell Agreements?
There are four different kinds customized to your specific needs. - What is the best way to fund a Buy Sell Agreement?
Life and disability insurance is the least expensive way to provide cash for a buy out. - How do I determine the value of my business?
There are a number of ways. Book Value based on your financials, Multiple of net income based on your cash flow, Market Value based on what someone is willing to pay for it. - How do I create a comprehensive Business Succession Plan?
By contacting MFS, we can walk you through our Seven Step Process. - Can I transfer my business to a family member or key group of employees?
Yes, there are several tax-efficient ways of doing this.
General:
- What is the best way to contact us?
See website for contact information - Do you work on a fee or commissions?
All business consulting and investment management is on a fee basis. Should a company need assistance with life or disability insurance we are a insurance broker, licensed with 50 or more insurance carriers and are paid a commission for specific products. - How do I get started?
Our initial consultation is free with no obligation. In this first meeting, we spend the time necessary to understand your personal and business planning needs. We then outline those needs and how we might help. Call us for your no obligation consultation.
Executive Compensation:
- How do I get my key employees to act like owners?
Compensation and Awards programs can be designed to help key employees, those that can really affect the bottom line are incented to act like owners. - How do I change my annual bonus plan so that it is not an entitlement?
An annual bonus plan needs to be tied to individual, department and company financial performance. - Can I provide a non-qualified deferred compensation plan to a select group of key employees of my choosing?
Yes - Are there different types of deferred compensation?
Yes, there are seven major types with customized plans that may include combining different types together. - What are the “Best Practices” to build high level performance? Best Practices are discussed each month in our free one hour web conferences each month.
- How do I get an invitation to the monthly webex Executive Compensation Education Series? Send us your name, company name, title and e-mail address and we will add you to our invitation list.
Personal Wealth Planning:
- What does a personal WealthPlan consist of?
A comprehensive plan would consist of estate plan, business succession plan, insurance review, retirement needs analysis, education funding, investment asset allocation, written personal values and goals and a legacy will. - What are basic estate planning documents? Most legal professional agree that a good estate plan would consist of a Last Will & Testament, POA for financial and medical decisions, living will and a revocable living trust.
- Can I transfer assets to my children without gift taxes?
Yes, to the extent of the annual gift tax limitations or by using your life time gift tax exemption. - What are the benefits to paying estate taxes with life insurance?
Yes. Using life insurance to provide funds to pay estate taxes creates tax free cash and you pay out of pocket a small fraction of the actual cost. - How do I keep track of all my assets and liabilities in a cohesive plan?
We have a web-based financial plan that we develop for each of our clients. (Refer to the video link.) - With my personal and business life constantly changing how do I plan for the future?
We encourage a team approach. Each advisor brings needed expertise to the team and we act as a quarterback to make sure everyone is working together in a coordinated effort. - How do I determine if I have enough life insurance?
We have a key man life and disability needs analysis that assist our clients in determining their insurance needs.
Investment Management:
- How do I reduce the risk of an investment portfolio?
Proper asset allocation is essential to reducing risk. You must also understand the characteristics and potential volatility of each investment. We spend the time with each client educating them on what they need to know to making informed decisions. - Why should I use a professional money manager?
The markets are very complex and move very rapidly. We recommend professional advise if you have a substantial portfolio or do not have time to manage it every day. - Does MFS service personal investments and business retirement plans?
Yes, we service both.