Let’s say that you were fortunate enough to build some business, and at 50 years of age you have a balance sheet showing a net value of $20 million. You know that you have an estate tax problem, you are concerned that you might be sued someday, and you would like to (if legally possible) reduce your tax burden as much as possible.
So you tell all this to your financial advisor, CPA or business attorney, and they tell you that they have heard of somebody, a real stud planner, who does comprehensive planning that takes care of all of these things. So, you get their number and make a call.
“No problemo”, the stud planner says. “I can take care of all of that for you.” The stud planner then recommends that you buy from him or her a “wealth blueprint” (or some other fancy name) for $40,000 that will tell you how to take care of all these problems.
Beware The Estate Planning Aggregators And Their Planning Blueprints