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What We Do

Optimizing Finances For Family and Business
SANE. SOUND. SIMPLE.

At Penn Mutual MusicCity we utilize the Leap Model, which encompasses the entire financial picture, spanning protection, savings and growth components. Leap's unique tools break down complex scenarios to help our professionals and clients make smart financial decisions. 

The Leap Model offers a full-scope picture of your financial life, allowing you and your financial professional to coordinate every financial decision. This integrative approach allows all your assets to work together like a beautiful, harmonious symphony.

To plan for the future, you have to first understand your current financial position, which is why LEAP arms you with a discovery process - an exercise you’ll complete with your professional. In a financial world that is constantly changing, knowing how your money works helps you control the pace of your cash flow and financial direction.

The LEAP Process provides a roadmap to identifying financial approaches, along with an implementation guide that you and your professional can use to take actions to optimize your financial position. The LEAP Process is not made up of products to buy or financial vehicles to invest in, but rather innovative strategies to help minimize risk and protect your assets, all the while positioning you for a lifetime of possibilities.

You’re not just building wealth, you’re enjoying it.

What is Your Full Economic Life Value?

Evaluating every Financial Decision Video

Estate Planning: Wills & Trusts

Wills

A will is a legal declaration of how you want your assets to be distributed when you die. When people think about estate planning, they think of a will. However, a simple will cannot do it all.  To accomplish other financial goals, such as reducing taxes, you should also consider alternatives.

Trusts

Trusts are planning tools that can be very effective in helping you overcome the problems inherent in wills. Trusts allow you to "custom tailor" the transfer of assets to your beneficiaries according to your specific wishes.

Charitable Gifts

There are strategies you can use to distribute a portion of your estate to selected charitable organizations. When executed properly, you gift will help reduce the size of your taxable estate and the taxes due upon your death.

Life Insurance

Life insurance can provide the cash your family needs to maintain their lifestyle and keep the business going.  Life insurance can also pay estate taxes and settlement costs when they come due.

Contact a Penn Mutual Financial Advisor who can help you determine your needs and choose the right solutions for your business. All information will remain strictly confidential.

Optimizing Your Business Finances

Business Valuation

Why should you have a business valuation?

  • To better understand Your Business and its potential
  • When you plan to Sell your business
  • To know the value of your largest asset in order to properly plan for your Retirement
  • During Buy/Sell Agreements with business partners
  • In order to ensure that your business and your family are Properly Protected
  • When considering Funding opportunities
  • To plan for the future of your business with a qualified Succession Plan
  • When building a Trust or creating an Estate Plan
  • When you plan to Buy a business To prepare for Taxable Event

Knowing the true value of your business is critical to proper business planning and achieving personal goals. Through our valuation process, we can help answer the questions that will lead you to make informed decisions for your future. Let us show you how.

Buy-Sell Agreements

Entity Buy-Sell Agreement

The business itself enters into a written agreement with the owners to purchase the interest of each individual owner. The individual owners agree to sell their respective interests in the event of disability, death, divorce or departure of a co-owner. This approach may be appropriate if you’re a:

  • Smaller business taxed as a partnership
  • Business with multiple owners and large age differences or different ownership percentages among owners
  • Business wishing to own and control the insurance funding.

Cross-Purchase Buy-Sell Agreement

The individual owners agree to purchase the interest of the other owners. Each individual is the owner and beneficiary of a life insurance policy on each of the other owners, and the policy proceeds are used to pay the purchase price. This approach may be appropriate if you’re

  • Business with fewer partners/owners
  • Business owners who are close in age
  • Business with owners who are willing to personally own and pay for the insurance.

Buy-Sell Agreement Using Partnership Administration Succession Strategy (PASS)

Under this arrangement, the individual owners form a separate partnership, and the partnership acquires life insurance policies on all the owners and administers the provisions of the buy-sell agreement. This approach can be very advantageous because of the tax and accounting rules that apply to partnerships.

Business Succession Video