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A Journey of a thousand mile starts with one step… Planning!

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Presentation on theme: "A Journey of a thousand mile starts with one step… Planning!"— Presentation transcript:

1 A Journey of a thousand mile starts with one step… Planning!

2 What is the HiVE™ 2 This is a multi-family wealth building concept that uses family cooperatives, family banks, trust owned life insurance and accumulation accounts to advance family wealth through multiple generations. A Family Wealth Building System. the HiVE™ | © 2013 BlackFamilyWealth.com

3 Williams - Smith Case Study Family 3 Profile: James died shortly after setting up the family wealth plan. He left a $1,000,000 insurance death benefit to the family trust. Gwen has transferred $800,000 in assets to the trust, including the house she is currently living in. James & Gwen Williams (Founders) James Williams is William Williams’s brother. James & Gwen are the parents of Sharon Williams Age: James (80) Betty (79) Household income: $80,000/yr Household expenses: $40,000/yr Net worth: $2500 (assets have been moved to family trust) Monthly Trust contribution: $2,000 the HiVE™ | © 2013 BlackFamilyWealth.com

4 Williams - Smith Case Study Family 4 Profile: Struggling middle class family, one paycheck away from financial ruin. Cash reserves are weak, and they have no health insurance. The trust owns $500,000 life insurance policies on each. Because of some recent financial hardship, the trust is currently paying their monthly mortgage payment for a year to allow them to build up a comfortable level of cash reserves and retirement savings. They have the opportunity to supplement their retirement income with up to $25,000 per year from the trust. Mike & Carole Smith (Manager) Mike is married to the daughter of William & Doris William, and the sister of Bill Williams. Yvette introduced the Smith name to the Colony Age: Mike (46) Carole (47) Household income: $150,000/yr Household expenses: $130,000/yr Net worth: $260,000 Monthly Trust contribution: $750 the HiVE™ | © 2013 BlackFamilyWealth.com

5 Williams - Smith Case Study Family 5 Profile: Commission income (not steady). Single mother of a special needs child; and has a lot of healthcare related debt. The trust has a $1,000,000 life insurance policy on Sharon’s life, and purchased her home to avoid foreclosure. She will buy it back for the loan amount when she is financially able. Also the trust paid off her daughter’s medical bills. Sharon Williams (Manager) Sharon Williams is the daughter of James & Gwen Williams, and the cousin of Bill Williams Age: 40 Household income: $60,000/yr Household Expenses: $51,000/yr Net worth: $100,000 Monthly Trust contribution: $500 the HiVE™ | © 2013 BlackFamilyWealth.com

6 Williams - Smith Case Study Family 6 Profile: Newlyweds, short on everything. They need help getting their first house, so the trust loaned them the money to put a 50% down payment on a starter home. The trust has a $1,000,000 on each of them. Malik & Toni Smith (Shareholder) Toni Williams-Smith is the Granddaughter of William & Doris Williams, and the daughter of Mike & Carole Smith Age: Malik (23) Toni (22) Household income: 58,000/yr Household expenses: 60,000/yr Net worth: -$25,000 the HiVE™ | © 2013 BlackFamilyWealth.com

7 Williams - Smith Case Study Family 7 Profile: Young attorney, with excellent money management skills. She is very ambitious and family oriented. She is next in line to move into the Managing Director position in about 13 years. The trust has a $1,000,000 on Lesa. Lesa Smith (shareholder) Lesa is William & Doris granddaughter, and Mike & Carole’s daughter. Lesa and Toni are sisters Age: 25 Household income: $75,000/yr Household expenses: $48,000/yr Net worth: $37,000 Monthly Trust contribution: $500 the HiVE™ | © 2013 BlackFamilyWealth.com

8 Williams - Smith Case Study Family 8 the HiVE™ | © 2013 BlackFamilyWealth.com Gwen Williams Widow of James Williams William, Jr & Yvette Williams Managing Director William, Sr. & Doris Williams Director Sharon Williams Manager Mike & Carole Smith Manager Malik & Toni Smith Shareholder Lesa Smith Shareholder

9 9 Apartment Building Stock Portfolio Houses Annuities Cash Management Account Total $700,000 $500,000 $250,000 $1,950,000 the HiVE™ | © 2013 BlackFamilyWealth.com Williams - Smith Family Trust Financial Profile Assets

10 Williams - Smith Family Trust Financial Profile 10 $12, Monthly Income the HiVE™ | © 2013 BlackFamilyWealth.com $12, Monthly Expenses Family contributions $4, Rental income $6, Investment income $1, Life insurance premium $2, Group Health insurance premium---- $3, Mortgages $3, Family support $2, Savings & Investments $1,000.00

11 How the HiVE™ works 11 the HiVE™ | © 2013 BlackFamilyWealth.com The Hive contributes through the community cooperative trust to: Credit Unions Small Business Investment Corporations Health Insurance Cooperatives Endowments Step 1: An Individual or Unit funds the family or Cell Step 2: A Family Cell funds the Multi-famliy Trust or Colony Step3: A cluster of Colonies fund the Hive. A Hive can be a church, organization or any organized community

12 How the HiVE™ works 12 the HiVE™ | © 2013 BlackFamilyWealth.com Family Unit Colony of families Hive made up of several colonies Johnson- Clark family Colony The Hive is funded by the Colonies Baker- Turner family Colony Wilson- Smith family Colony Black Family Wealth Building Hive Miller- Conway Family Colony Jones- Anderson family Colony The Hive funds the Cooperative Trust Stevens- Robertson family Colony

13 How the HiVE™ works 13 the HiVE™ | © 2013 BlackFamilyWealth.com Each adult in the Cell or family leaves at least $1,000,000 in life insurance proceeds to the next generation. $1,000,000 Each Cell or family leaves at least $1,000,000 in life insurance proceeds to The Colony. Each Colony leaves at least $1,000,000 in life insurance proceeds to the Hive. Each generation is expected to double the families assets at a minimum Family wealth is guaranteed and perpetual. The key is on going financial education and advice for the Cells, the Colony and the Hive BlackFamilyWealth.com provides financial education through its Financial Planning Institute Financial advice and Wealth management is provided by Marshall Wealth Management, LLC a registered investment advisory firm

14 Thank you the HiVE™ | © 2013 BlackFamilyWealth.com


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