The National Network of Accountants works with affluent individuals and their accounting professionals in order to set into motion impressive insurance, business, and estate planning strategies. Most importantly, there is no individual or business that is too big or too small for the expert services offered by our firm. In fact, NNA has an impressive track record of working with a varied range of clients. From estates in the $500 million range to business owners and professionals of all incomes and net worth, our team of dedicated professionals provides the same detailed and impressive service and uncompromising respect for clients.
Leveraging all that life insurance makes possible is what we do best. The primary goal and objective or our firm is to always maximize opportunities while preserving a client’s wealth and passing on a legacy. Conventional wisdom has shown that life insurance has become a major factor for high net worth individuals looking to maintain the value of a portfolio. NNA offers clear and concise planning that is intended to protect beneficiaries, foreign nationals and affluent individuals with a high net worth.
Those with affluent status or a high-net-worth will typically find it necessary to counterbalance the complexities of today's modern tax system. Safe and reliable tax efficiency requires smart estate planning and aggressive legacy coordinating strategies. NNA is a trusted and respected firm in the insurance industry that offers guidance and assistance for those who demand the very best planning. Maintaining an asset portfolio that is not ravaged by excessive taxation is the primary goal of our firm. Eliminating estate taxes for future generations is the key to any long-term family legacy. Providing heirs guaranteed long-term success is
achievable and within reach.
The success of any business depends upon the effective and efficient use of capital. While a captive insurance company is commonly viewed as a disciplined way of retaining and financing risk, it can be a means to better growth and accessing corporate capital as well as implementing broader corporate strategies. Captive insurance has become an increasingly important tool used by companies to manage their business risk and promote strategic initiatives. Captives are essentially a form of self-insurance, with all the advantages of true insurance. These advantages include: the opportunity to earn an underwriting profit, improve risk management and loss control, coverage for unusual or hard to place risks, direct access to reinsurance and potential tax savings. A captive insurance company allows successful businesses to reserve for these risks and if properly structured and underwritten. Premiums paid by a business to a captive insurance company, may be tax deductible as an ordinary and necessary business expense. We strive to help business owners develop a solid approach to implementing captive insurance companies as part of their overall business strategy.
Protecting an IRA and other retirement financial vehicles is more manageable with the right guidance. NNA helps heirs avoid the double taxation issue upon a principal's death. Most importantly, the value of an IRA can be increased substantially by simply taking advantage of innovative and creative techniques. Leveraging life insurance to preserve wealth and create better inheritance planning is what our firm is known for in professional circles. The life insurance and IRA connection is vital to long-term estate planning. Mitigating tax liability requires understanding that insurance policy payouts are typically not penalized by estate taxes.
Innovative estate planning that is intended to allow families to continue to prosper when a principal passes-on guarantees that families are well protected through generations. Another important aspect of legacy planning is that of business owners ensuring that a business operation will continue to maintain its value even after the business owner has passed away. One key aspect of achieving the best results with high-net-worth insurance products is to lock in low premiums at an early age. This is why it is so important for affluent individuals to secure quality insurance products sooner rather than later.
Premium finance is a strategy used by wealthy individuals and business owners to finance premiums for large life insurance policies. The strategy allows affluent individuals who have a need for permanent life insurance to use an alternative method for paying the premiums. Rather than using their current cash flow or assets to pay for those premiums, they may choose to finance them from a bank. Individuals who are well suited to the strategy understand both the power, and associated risks, of leverage.
Premium finance is very attractive for healthy individuals between the age of 25 -60, but arrangements can be successfully designed for clients up to insurance age 70. There are many variables and options to be taken into consideration when designing and implementing a financed life insurance strategy. Our clients depend upon our expertise and experience in creating financing programs that meet their needs, while minimizing risk in these types of transactions.
Conservation Easements offer taxpayers the ability to protect the beauty and future of the environment, while at the same time receiving a large tax benefit to do so. Under section 170(h) of the tax code, landowners can agree not to ever develop a piece of their land, thereby preserving its natural state by creating a permanent easement and transferring the easement to a qualified land trust. They can then deduct the reduced value of that land from their income and potentially save a large amount in taxes.
In addition, taxpayers can enter into a real estate partnership or syndicate that finds the land, works with a land trust, and whose managers do a significant amount of work to make sure the subject properties and the transactions comply with all the requirements of section 170(h). NNA has a decade long track record of helping our clients find Conservation Easement transactions that are suitable and help them reap all the tax and environmental benefits available.