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BRIGITTE FRANZEN, CFP®

Founder and Owner, Salt Creek Financial Planning

Brigitte Franzen, CFP® has deep roots in agriculture and a passion for helping book of ra kostenlos spielen ohne anmeldung succeed.  She came to the United States from Germany in 1980 with a Master’s degree in Agriculture and her professional career began in production agriculture.  Brigitte managed a hog farm in central Illinois for several years before starting her own SPF (high health) breeding stock business.  Brigitte sold boars and gilts in several Midwestern states and exported to South Korea and Suriname.  She was named Illinois Pork All American in 1993.

Significant changes in the pork industry lead to a midlife career change.  Brigitte became licensed as an investment advisor and insurance professional in 2000.  As a Certified Financial Planner TM practitioner, she enjoys working with farm families in the areas of estate planning, succession planning, and retirement planning.

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SERVICES

Salt Creek Financial Planning is here to lend assistance to you and your family when designing a strategy to take care of needs during retirement and beyond.

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ESTATE PLANNING

When creating an estate plan, we will look at a variety of factors to determine the best course of action by:

  • Reviewing and updating current documents to make sure they still meet your needs.
  • Determining how to best divide the assets among all children, based on the roles they have taken on within the business.
  • Specifically outlining terms for buying out heirs to eliminate uncertainty for the next generation. We will show you options and explain the pros and cons.
  • Putting safeguards in place to keep the farm or business in the family, thus protecting it from creditors or in the case of divorce.
  • Projecting the likely size of the estate, estimating estate tax liability, and minimizing impact on the business.
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SUCCESSION PLANNING

A comprehensive succession plan helps a farm or business owner identify and develop a strategy to assign potential successors into key positions.  We look at a few factors to make a succession plan function well for all parties involved:

  • Evaluate and transition management to make sure the next generation is ready and willing to take on more responsibility.
  • Clearly define the terms of entering the business.
  • Determine what will happen to the business partner’s equity in case of death, disability, voluntary departure, or retirement.
  • Grow the business, if necessary, to support the next generation becoming part of the business.
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RETIREMENT PLANNING

Planning for retirement is an important step in making sure your needs are provided for as you scale back your day-to-day involvement in the business.  Salt Creek Financial Planning understands the unique needs farmers and small business owners face as they prepare for retirement.  During our meeting with you, we will:

  • Identify income sources.
  • Project cash flow during retirement years.
  • Address the cost of Long Term Care and ways to prepare for it.
  • Outline tax efficient ways to transfer farm machinery and sell final crops.
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