Areas of Specialization ESTATE PLANNINGA coordinated estate plan helps balance your concerns between your child with special needs and your retirement goals. It specifies how your assets will be distributed between entities like trusts and other family members. An estate planning discussion can help you:Specifically identify on going support of your child with special needsPlan your distribution of assets to your other family members, and think through guardian issuesCoordinate with your other professionals (estate attorney, CPA, etc.) to ensure your plans are communicated between your financial professionalsAdditional benefits of estate planning include conversations with immediate and extended family members so your wishes are understood by them and they are included if you desire in the planning process. Once these conversations are finalized we can work with your attorney to ensure the proper financial strategies exist within your legal frame workWe can help facilitate a Letter of Intent in coordination with your estate attorney and ensure that your finances are supportive of your expectationsProvide liquidity to cover debts, taxes and expenses and reduce taxes where possible whether your estate is simple or highly complex Your plan provides peace of mind knowing you have taken steps to protect the people who depend on you as well as your other family members FINANCIAL STRATEGIESIn the financial strategy process, we begin with you. You teach us about your goals, then we put our expertise to work, building a plan around those goals. This is accomplished in a stress-free, step by step process, through a series of meetings. We understand the demands that already exist on families dealing with special needs situations so we move at your pace.Objectives, Expectations, and Discovery – We get to know you to determine if we are a good fit to work together. Our no obligation conversation includes:Discussion of your financial goals and expectationsDetailed explanation of the process we will walk through togetherReview a sample financial planQ&A Session to address questions you have about the processDecision by you to go to the next stepAfter this conversation, we learn about you to get a detailed account of your current financial situation and your goals, including:Detail your current cash flow, liabilities, retirement plans, investments, insurance policies and estate plansDiscuss your specific short, medium and long term financial goalsPlan Design – We analyze the information you provide in the Discovery meeting to create the financial flexibility and freedom you want by identifying in detail:Options available (investment strategies, savings plans, etc.) that could help you reach your goalsRisks (unexpected financial hardship, death or disability, etc.) that could threaten or delay your successPath Forward: a collaboratively developed, clearly detailed and actionable financial roadmap designed with realistic, measurable milestonesPlan Presentation and Implementation – We walk together through your financial roadmap and strategic options available to you. We discuss:Your current financial situationThe resources you need to reach your goals and strategies to accumulate these resourcesQuestions you haveAction steps we recommend and a suggested implementation timelineDecision by you to partner with us to implement and manage your planThen, we work together to put your plan into action.Outline the steps necessary to implement the strategies we’ve worked together to createDetail how and where your cash flow and resources will be appliedBegin steps to establish your investment and insurance strategies to reduce risk and achieve successOngoing Plan Review – After initial implementation, we meet regularly to ensure your plan strategies stay current as your life and practice change.Annual Plan Review: update your plan to accommodate any changes in your situation and make sure you are on track to reach your goalsQuarterly Investment Review: discuss the previous quarter in the market and your investment strategiesIf you have questions, we are always happy to address them for you.Securities and Investment Advisory Services offered exclusively through Hornor, Townsend, & Kent, Inc. INSURANCE & RISK MANAGEMENTNo financial strategy is complete without considering and preparing for the risks we encounter on our journey through life. We listen to your goals, evaluate your needs, and provide risk mitigation strategies in these important areas:Unexpected death - Provide for the financial well-being of your loved ones in your absenceDisability - Protect your income in the event you cannot work due to illness or injuryCatastrophic health expense - Provide coverage and funds for major health expensesUnexpected financial expense - Identify an appropriate amount for your emergency fund (e.g. 3 – 6 months’ income) and an actionable plan to build that fund without compromising your other assetsAs your financial partners, we take great care to help you plan for the unexpected and want to see you succeed no matter what life sends your way. RETIREMENTMost families with children who have special needs walk a delicate line to provide funding for all of their day-to-day expenses while saving for long-term retirement goals. We assist you to take one-step-at-a-time and develop a clear strategy that will accomplish your immediate and long terms goals within your budget.Detail your retirement goalsSet a target age for financial independenceDetermine financial resource needs by retirement ageProject additional savings needed to reach your goalDiscuss pros, cons and costs of various savings optionsSelect, implement and manage an optimal mix of financial strategiesYou set the goals that are most important to you. We use our expertise to design a plan, and become your partner and advocate in helping you achieve those goals. WEALTH ACCUMULATION Through comprehensive wealth accumulation planning, we work with you to develop strategies to accomplish the savings goals that you desire.College tuition planningPaying for a weddingSaving for a family trip or a vacation homeLeaving a legacy to your loved ones or a favorite charityAny other saving goals you haveWe can help you determine savings needs, establish a savings strategy and help you stay on track to see your goals met. INVESTMENT MANAGEMENTYou need more than a collection of stocks, bonds and mutual funds. You need a comprehensive investment plan that addresses your risk tolerance, tax situation and liability risks. Our investment and tax planning process includes:An assessment of your investment goalsA balanced asset allocation through a variety of investment management solutionsAddition of investments whose return is not directly tied to the stock marketExamination of the tax implications of your investment programs, both now and in retirementEvaluation of the impact of a lawsuit or creditor’s attempt to take what you have worked hard to buildWhile no investment plan or strategy can guarantee a profit, we help you take important steps to reduce risk and position you for success.