C3 Financial Partners

April 2022 Newsletter

A Canoe and Your Business?

When working with closely held businesses and their advisors, our Senior Partner, Carolyn J. Smith, is fond of pointing out that a canoe and business have a lot in common. There are two times someone can get in trouble with both – getting in and getting out!

The ‘getting out’ of a business does not have to be difficult if the owners plan and prepare for their exits, whether on their own schedule or because of an unexpected event such as a death or disability.

In our latest blog, available at the link below, we look at how family businesses can plan for an orderly transition upon a triggering event such as the death, disability, retirement or withdrawal of any of the business’s shareholders, owners or business partners.


Who Do You Want to Receive Your Money?

Most of our clients have three objectives:

  • They want to minimize taxes;
  • They want to maximize the amount that goes to their family, and;
  • They want to benefit the community.

These objectives become a challenge when it comes to selling a business during their lifetime and dealing with IRAs at death.  Watch our video at the link below to learn how a standby trust may help you accomplish your goals.


IRS Applicable Federal Rate Update

The rates continue to rise!  To see the current rates, as well as the historical rates, you can view our AFR report at the link below.


Save the Dates – Upcoming Events

Save the date for these two interesting and informative events we are hosting.  Registration information will be sent via separate emails.


Coffee with C3

The Firm Behind the Firm

Brian will join us to discuss the importance of working with a firm that has the tools and resources available to facilitate life insurance solutions for high-net-worth families and business owners.

Brian Bonifant, Lion Street

April 21st, 8:30-8:45 a.m.


C&C Event

What to Expect When You Are Expecting Aging?  How to Prepare for Lifestyle Transitions

No one plans for their health assets and lets the “system” dictate care choices for themselves and their loved ones.  By legally empowering health assets as part of the planning process, through a holistic care management approach, clients and their loves ones can take back control, dignity, and peace of mind with their health choices.

Mindy Jones, Pyxis Care Management

May 18th, 12-1 p.m.

A Tale of Two Healys

Recently, our own Todd Healy and his son Rogers chatted with our friends at Life Insurance Strategies Group for their Tier One interview series.  Among other things, Todd and Rogers talk about what they have learned from each other to help their respective businesses.

To read the interview in full, please click here.

Individuals and businesses, even nonprofits, engage us to identify, prepare for, and manage some of the risks they can't control.

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