Personal Business Management and Family Office Services
professionals of our business management
and family office services division provide a complete
range of state-of-the-art accounting and tax, advanced
planning, advisory, and lifestyle services. Our clients
include high-net-worth families, entrepreneurs, senior
executives, and closely-held businesses. Often in conjunction with other professionals, we
develop and implement customized solutions addressing a diverse set of needs and wants with the
goal of enabling our clients to concentrate on what’s really important to them—their families,
business interests, and quality of life.
Divorce, and its associated emotional and financial impacts, will
affect more than 50% of all people who marry. Just as you planned
for your marriage, it is critical to develop a financial plan when
planning for the end of that marriage.
At Geltrude & Company, our professionals will counsel you on the
tax consequences for different financial scenarios. We will provide
a lifestyle analyses to help secure your financial future and resolve
any alimony and child support awards.
Employee Benefit Plans
The Employee Income Security Act (ERISA) was passed over 40
years ago to provide minimum standards of vesting, funding and fiduciary
behavior for pension and welfare pension plans. Today, ERISA enforces
record-keeping and financial reporting responsibilities for plans and imposes a
requirement for plans with 100 or more participants to have an annual audit
of their financial statements. Because ERISA holds plan administrators
responsible for assuring plan financial statements are audited in accordance
with GAAS, deficient audit work can also expose plan administrators to
significant penalties under ERISA section 502(c)(2).
Geltrude in Forbes