As a fiduciary financial advisor in Kiawah Island, Holland Capital helps retired couples plan gifts to children and grandchildren during their lifetime while keeping enough for their own retirement. We work with clients in Kiawah Island by video and phone, and can meet at your home by appointment.
You want to help your family now, not only later.
Kiawah Island is a town of about 2,300 residents in Census estimates for 2020 to 2024, and more than half of them are 65 or older.
You may want to help a child buy a home, pay a grandchild’s tuition or simply see your gifts put to use. You also want to be sure your own retirement stays secure for as long as you need it.
Both goals fit in one plan when the gifts are sized and timed with care.
Start with What You Need
We first project your own spending, health care costs and home expenses for the rest of your life. That helps us estimate how much may be available for gifts without putting your own plan at risk.
We then test the plan against weaker markets and higher costs, so a gift today does not become a problem later.
Ways to Give During Your Life
Gifts within the annual exclusion generally do not require a gift tax return, although exceptions apply. Larger gifts may require a return and use part of your lifetime exemption.
Paying qualifying tuition or medical expenses directly to the school or provider can fall outside the normal gift tax rules. A 529 plan is another way to save for a grandchild’s education.
Cash or Investments
When you give an appreciated investment during life, the recipient generally receives your basis for figuring a later gain. Inherited assets generally receive a basis tied to their value at death. So the choice of what to give can matter as much as how much.
Our page on estate and gift tax exemption planning explains the exemption in more detail.
Working with Your Attorney and CPA
Your estate attorney drafts any trusts or documents, and your CPA prepares any gift tax returns. Holland Capital does not draft legal documents.
We bring the numbers: how much you can give, from which accounts and what each gift does to your own plan.
How We Work with Clients in Kiawah Island
Holland Capital Management is an independent registered investment adviser and a fiduciary. M. Chad Holland, CFA, CFP® works directly with clients and is responsible for the planning and advice.
Bring statements for each investment and retirement account, last year’s tax return, a summary of your estate documents and a list of gifts you have already made.
You leave with a giving plan that shows the amount we believe the retirement plan can support and how the gifts affect it.
The first conversation is free. If there is work worth doing after that, we will define the scope and cost before you decide whether to move forward.
Our offices are in Charlotte, North Carolina and Winter Park, Florida. We work with clients in Kiawah Island primarily by video or phone. When an in-person meeting makes sense, we can meet at your home by appointment.
For clients whose investments we manage, accounts are held directly at Charles Schwab in the client’s own name. Holland Capital manages the investments but does not take custody of client assets. If a client ever needs in-person assistance from Schwab, the closest branch is in Mount Pleasant at 962 Houston Northcutt Boulevard.
We work with clients throughout South Carolina. You can see the other South Carolina communities we serve here.
Our what we do page explains how a planning engagement works.
RETIREMENT ENGINEERING™
The Order Matters
Five retirement decisions and why timing matters.
Frequently Asked Questions
Do Gifts Lower Our Taxes?
Not automatically. Gifts to family are not income tax deductible, and any estate tax effect depends on the size of your estate and the law at the time. Your CPA and attorney apply the rules, and we show the effect on your plan.
Why Plan Family Gifts with a Fiduciary?
Holland Capital acts as a fiduciary when providing financial planning and investment advice. When you are giving money away, that means advice that protects your own security first.
Our fee is agreed in writing before any work begins.
Can We Meet on the Island?
Yes. We can meet at your home on Kiawah by appointment. Other conversations happen by video or phone.
Photo: See1,Do1,Teach1 / Wikimedia Commons / CC BY 2.0, cropped.
