Omega Wealth Management

Clients

Complex Family Wealth Solutions

As experienced wealth managers, we provide a team to help you navigate and simplify the details of complex family wealth. We offer support with tax planning, legacy planning, and other services that impact the wellbeing of your inheritors. Whether you are selling a property, planning your retirement, or setting up educational funds for your grandchildren, our team can help ensure that [CJ(1] your wealth management needs are met. We offer assistance with:

  •     Family tax planning
  •     Legacy management
  •     Generational planning
  •     Family estate planning
  •     Retirement planning
  •     Financial education for the next generation

Need guidance on a unique family situation? We have experience working with clients through divorce, multi-generational families, and other complex family wealth scenarios that require special planning. Get started by connecting with our team today.

 

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Family Tax Planning

With Omega Wealth Management as your partner, you’ll have objective, reliable financial guidance to ensure your family tax planning is aligned with your needs. With years of experience and knowledge of the latest changes in tax structure, Omega Wealth Management is an ideal resource for family tax planning and estate management. We use a holistic lens to discuss your assets and plan for the future. When working with our team, we’ll review several areas of wealth (businesses, investments, property, benefits, etc.) and form a family tax plan that serves your unique needs. Before compiling a plan, we’ll explore:
  •     Your unique goals, priorities and needs regarding your family’s wealth
  •     The needs and values that inform your estate planning
  •     A review of all of your fixed and liquid assets
  •     Your existing life insurance plans
  •     Generational or multi-generational planning considerations
The process begins with a consultation with our team. Book your 15-minute call to get started today or take advantage of the financial planning resources on our site.



Multi-Generational Tax Planning

Whether you are acting as an executor, personal representative, or administrator of an estate, family tax planning can present a complex challenge. The Omega Wealth Management team has extensive knowledge around [CJ(2] family tax planning tools to optimize your financial gains while complying with state and federal regulations working in coordination with your tax advisor. As experienced wealth managers, we can ensure you understand what to expect. Depending upon the type of assets your loved ones will inherit, a wealth manager may help with:

  •     Inheritance tax planning
  •     Strategic use of family assets for multi-generational tax planning
  •     Tax benefits and the impact of legacy and philanthropic giving

Our goal is to ensure your family avoids additional costs and challenges. We customize every plan to reflect your unique needs and family dynamics. Get started by connecting with us today.

 

Legacy Planning

Legacy planning allows you to control who receives your assets when you are no longer living. Without good legacy planning, you will not have control over who is entitled to your assets and how they are taxed. Clear, strategic, and holistic legacy planning prevents your loved ones from dealing with unnecessary costs or conflicts down the road. A lack of legacy planning could lead to additional legal fees, taxes, or federally-mandated repercussions. The benefits of legacy planning include:

  •     Control over who receives your assets
  •     Strategic tax planning to optimize recipients’ benefits
  •     Clear guidance and direction for your inheritors
  •     Reduced legal fees and tax liabilities for inheritors
  •     Peace of mind knowing your assets are accounted for
  •     Forward-thinking portfolio strategy

Get started on your legacy planning today with a quick call to our team.

 

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The Importance of Multi-Generational Planning

Multi-generational planning brings financial security to both current and future generations. For example, a grandparent may wish to leave assets for their children, grandchildren, and any unborn heirs. Generational planning is often geared towards funding education or managing property investments. At Omega Wealth Management, we take a proactive approach to help ensure that your wealth is passed on in the most efficient way possible. Whether you have current estate planning documents or are in the process of creating one, generational planning can reduce the tax liabilities and additional complexities that accompany an inheritance. This field applies to both physical assets, real property, and liquid assets including cash and investments.

Legacy planning can be particularly complex when multiple generations are involved. For example, your family might include children, grandchildren, or step-grandchildren that you may wish to involve in your estate planning. Omega Wealth Management will work with you to discuss your values, how you wish your assets to be divided, and any other major considerations you have towards your estate such as special needs planning for particular family members. Several of our clients utilize multi-generational planning strategies to allocate funds towards the education of their grandchildren, keep a property within the family, or secure other legacy assets. Common cases may include:

  •     Clients who wish to involve adult children and grandchildren in their wealth management plans
  •     Families that share assets like property or businesses
  •     Individuals with unborn grandchildren that they wish to include in their estate planning efforts

At Omega Wealth Management, we realize that each case is unique. Our wealth managers craft family wealth strategies that reflect the values and structure of your family. All of our financial services are customizable based on your changing needs.

Start by booking a complimentary consultation with our team, or read more about our comprehensive services here.

Our Consultation Process

At Omega Wealth Management we integrate your values, vision, and wealth. Before recommending a family wealth management strategy, we will work to build a holistic picture of your needs and values. During our meetings we will:

  •     Define your short and long-term goals
  •     Establish a baseline of your current financial outlook
  •     Discuss your values and dreams
  •     Discuss upcoming personal and professional transitions

Learn more about Our Approach or read about Our Team before booking your first consultation.

About Omega Wealth Management

Omega Wealth Management became an independent firm in 2004. As a fee-only practice, we do not receive commissions from the investment plans we offer. We are a fiduciary company, meaning that we put our client’s interests first. Our team holds a wide range of financial certifications, including:

  •     Certified Financial Planner (CFP™)
  •     Registered Life Planners (RLP®)
  •     Certified Financial Transitionist (CeFT®)
  •     Certified Investment Management Analyst (CIMA®)

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Ready to start your financial planning journey?

Ready to start your financial planning journey? Connect with our team in a free 15-minute call today.

Let’s do it