The WEP Process

Customized Wealth Planning with the WEP® Process

The Wealth Enhancement and Preservation (WEP) process is a powerful financial planning tool that was specifically developed to analyze your finances, assess your current and future needs, and identify weaknesses and opportunities. Whether you are a family looking for legacy planning, a business owner hoping for expertise and direction or a pre-or post-Retiree, the WEP Process will provide you with the guidance and direction you need to achieve your objectives.

Hill Financial Advisors’ proprietary process allows you to gain a thorough understanding of your circumstances, and to help create personalized solutions designed to provide more protection, more growth, greater tax benefits, and more control over your financial life.

After all, thoughtful wealth management is multifaceted, and designed to improve after-tax return and lessen the tax burden for a business owner, executive, couple or family. In addition, the most thoughtful wealth planning can address the financial well-being of clients for generations to come.

We serve wealthy thoughtful families who are interested in responsible multi generational wealth transfer, maximizing impact to causes and charities that are important to them and reducing or eliminating taxes.

We do our best work with…

Families:

Hill Financial helps families manage wealth for today - and for generations

Imagine being able to protect and enhance your financial resources to benefit your children and grandchildren for generations to come. The confidence that comes from knowing you have proactively directed the impact of your financial legacy is a feeling few people experience.
Hill Financial specializes in helping you design the future, beyond your years and ensure that your directives and intent will be honoured. Our planning and support services cover every aspect of your finances, including wealth management, succession planning, estate planning, taxes, insurance, educational funding, and charitable giving strategies.
And with our exclusive WEP process, you will experience true clarity, and the confidence of knowing you have taken control of your family's financial destiny.

Business Owners:

Business Succession Planning

The death of a partner or major stockholder can have devastating effects on both the business and the deceased partner’s surviving family. More often than not, the business is concerned with gaining control of the deceased partner’s interest at a fair price so that it can continue operations without interference from the surviving family members. The family members are most concerned with receiving as much money as possible for their interest in the business and for capital that may be needed for estate settlement purposes. At Hill Financial, we have the experience to ensure that this very fine line can be addressed with confidence from both the family and business.

The Need for a Written Agreement

Absent a written agreement, the competing interests of the business and the family members could lead to major conflicts, litigation and possibly the forced liquidation of the business. A buy-sell agreement can ensure that the business interest of the deceased partner will transfer in an orderly manner to the benefit and satisfaction of all parties. With a buy-sell agreement in place, the stability of the business for it clients, employees and investors (or creditors) is more assured.

Key elements of a buy-sell agreement include a mutually agreeable sales price and terms of the sale. The agreement needs to be funded in order to ensure that the capital is available at the time of the death of a partner. Life insurance provides a cost effective means of creating the capital necessary to buy out the interests of the family and establish a reserve for the business to use to continue its operations.

Pre & Post Retirees:

Retirement planning today has taken on many new dimensions that never had to be considered by earlier generations. For one, people are living longer. A person who turns 65 today could be expected to live as many as 20 years in retirement as compared to a retiree in 1950 who lived, on average, an additional 15 years. Longer life spans and ever dwindling pension programs have created a number of new issues that need to be taken into consideration when planning for retirement.

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