Legacy Care℠

 

Legacy Care℠ provides a combination of personal and financial services to assure individuals receive the care they desire for themselves, family members, other loved ones, and charitable organizations.

 

Legacy Planning

Total Business Care professionals provide a combination of personal and financial services to assure the “living estates” of clients to provide the care they desire for themselves, family members, other loved ones, and charitable organizations allowing individuals to support causes or organizations that align with their beliefs.

 

Legacy planning is the process of strategically preparing for the transfer of your assets and values to the next generation. It involves making informed decisions about your estate, ensuring your wishes are carried out, and minimizing financial burdens on your loved ones. Effective legacy planning encompasses not only financial considerations, such as trusts, but also incorporates personal values and traditions you wish to pass on. By thoughtfully crafting a legacy plan, you can provide security for future generations while reinforcing the principles and memories that define your family's heritage.

The professionals of Total Business Care view legacy planning and its many related action plans as a process that not only covers all financial aspects of our client, but also the client’s personal values and long-term impact they have on other’s lives. For that reason we think of ones wealth as a “living estate” to be managed for the benefit of the “caring” and “care givers” with special emphasis on family members and loved ones.

Although each of the many aspects of legacy planning is complex, Total Business Care simplifies them into the following actions:

  • Goal Assessment 

  • Financial Review 

  • Data Evaluation 

  • Business Planning 

  • Retirement Planning

  • Investment Planning 

  • Income Tax Planning 

  • Protection Planning 

  • Estate Administration 

  • Asset Distribution

Trustee Services

One or more trusts typically provide the means to transfer your estate to those you want with the least administrative and estate tax expense. 

 

A Credit Shelter (A-B) Trust is commonly used by married couples with Irrevocable Life Insurance and QTIP Trusts added depending on the size and beneficiary complexity of the estate. 

Other types of trusts can also be created for sheltering ones residence, gifting to minors, or charitable purposes. 

Once created, a trust must be managed by a trustee(s) who performs duties designated by the trust document. TBC professionals are prepared to assist family members who have been designated as Trustees or to act as Trustee, when named, to perform the following:

  • Valuation of Assets 

  • Legal Coordination 

  • Allocation of Assets 

  • Investment Coordination 

  • Income Tax Planning

  • Distribution of Income 

  • Reporting of Finances 

  • Filing of Income Taxes 

  • Filing of Estate Returns 

  • Liquidation of Assets

 
TBC Products, Services + Information
Accounting
Accounting

TBC Services

By applying our accounting and training services, TBC evaluates, develops, and implements a plan to assist business clients start, grow, and maintain your venture.

QuickCare℠
QuickCare℠

TBC Care Product

QuickCare℠ provides accounting assistance to integrate QuickBooks or other software with your business and offers service packages with on-site and internet support.

Certified ProAdvisors
Certified ProAdvisors

Professional Certification

Our Accounting Team members have acquired certifications in the use of QuickBooks software to become Intuit ProAdvisors.

Financial Care℠
Financial Care℠

TBC Care Product

Financial Care℠ is a comprehensive package of services to improve cash flow and profits through analysis, expertise and review by a senior professional.

Income Tax
Income Tax

TBC Services

Increase your cash position and strengthen your financial stability through our income tax services.

Tax Care℠
Tax Care℠

TBC Care Product

Tax Care℠ provides a complete range of services which address income tax needs of individuals, partnerships, limited liability companies and corporations.

Enrolled Agents
Enrolled Agents

Certified Professionals

Total Business Care has Tax Professionals that are Enrolled Agents through the National Association of Enrolled Agents and licensed tax preparers.

Entity Admin
Entity Admin

TBC Services

We work with you to evaluate and identify the best way to select and manage a business through our Entity Administration services.

Entity Care℠
Entity Care℠

TBC Care Product

Entity Care℠ provides services to evaluate, identify and consult on the best way to manage a business.

Business Advisory
Business Advisory

TBC Services

The Strategic Business Advisory Services are focused on helping small business clients start and grow their ventures, develop net worth and the retain or transfer their accumulated wealth.

Legacy Care℠
Legacy Care℠

TBC Care Product

Legacy Care℠ provides personal + financial services to assure individuals receive the care they desire for themselves, loved ones, and charitable organizations.

💬 Have questions?

We invite you to contact our office today!