Tom is directly involved with the areas of Estate, Business Planning, Income Planning using tax strategies, and Medicaid Asset Protection Planning. Tom consults business owners in helping them, “grow, protect, and extract their business wealth”, so they can have a successful, succession from their business.
Tom started in the financial services business in 1971 and has developed ongoing planning strategies to help his clients hold on to their wealth, avoid financial landmines, and lower their taxes. He is the president of New England Consulting Group of Guilford, Inc. a firm specializing in Business Succession, Exit and Transition, along with estate and asset protection planning. The firm also specializes in Executive Compensation Planning, a planning strategy that helps business owners and high income executives to create more money for retirement on a tax effective basis.
Tom’s belief is that people and businesses can avoid many of the financial disasters by just having more knowledge of the money traps that cause the loss of assets and income. These include taxes, fees and cost of money factors. He believes traditional money concepts have a cost to them, and teaches his clients other more effective planning strategies to save their wealth. Tom also believes that many of the business owners have not planned and Exit Strategy for the future. The “What if’s of Life”
- What if I don’t want to run a company any more and want to drop out?
- What if I get sick or disabled, or die?
- What If I lose my key person (or key group of people)?
- What if I can ‘t increase cash flow of the business economy?
Tom has been active in his community with the Board of Trustees of Blackstone Memorial Library in Branford, Ct, the Friends of Blackstone, and the board of BCTV Branford. He has also taught advanced planning courses in business continuation, estate and Medicaid planning for continuing education for financial professionals. By using effective strategies, Tom works towards the protection of estate assets while lowering potential tax exposure. Tom mentors advisors around the area on the topics listed. Tom has spent time helping many non-profits in his community, such as the Community Foundation of Greater New Haven, Trustee of Blackstone Memorial Library (Branford, CT), President of New Haven Life Underwriters, and other non-profits. Tom has spent many years coaching hockey and baseball for youth groups. To LEARN MORE about Tom’s practice: . FAQ FOR INDIVIDUALS FAQ –– FOR BUSINESS OWNERS