How MLI Helped

 

A family member of a family office client was in a dilemma as the family member's business had suffered severe setbacks in the recent, difficult macroeconomic environment.  As a result, cash flow was suffering and solutions were not readily apparent.  There were concerns that potential financial difficulties of this particular member of the family could potentially affect other members of the family.  There were cash flow, income tax and estate tax complications as well. 

 

Major League Investments immediately assisted the family member to complete budgets, cash flow forecasts, and comprehensive financial statements.  As a result of this analysis, in conjunction with intra-family analysis, we recommended and executed several plans of action to include the following:

 

      1.  Restructure and successful relief of debt negotiations of multi-million dollar debts;

      2.  Review of expenses and assistance with eliminating, reassessing and renegotiating expenses to be more efficient;

      3.  Tax assistance to ensure that the multi-million dollar debt was not adverse for income tax;

      4.  Created a financial plan and vision for the next ten years in conjunction with the client and client's family;

      5.  Synchronized all intra-family legal and financial issues.

 

 

 

A family Foundation placed its investments with a variety of brokers and investment advisers.  Major League Investments, Inc. performed an initial cursory review of the Foundation's investments, and during that review, we identified that various instruments held by the Foundation were being burdened with significant fees.  In addition, there was no Investment Policy Statement to guide the Board of Directors or Investment Committee with respect to the execution of an investment strategy.  Major League Investments assisted the client with the design of an initial Investment Policy Statement and also continues to provide guidance to the client with regard to less costly investments that achieve similar results with better net yields.

 

 

During a routine meeting, a client indicated that one of their parents was quite ill, and had very little potential time left.  A potential tax and liquidity crisis was looming.  With  immediate, careful planning, Major League Investments, Inc. was able to assist the client with regard to the creation of a successful adjustment to the family's estate plan that included an eventual disclaimer of certain assets, after death, which saved the beneficiaries significant amounts of federal and state tax.