Helping Families Work Together* After working for twenty years to build their regional floral business, Frank and Carolyn Lewis needed help developing a plan to transition the business to their daughter. At the same time, they wanted to pass an equivalent share of their assets on to each of their two sons who were not involved with the company. Fifth Third Private Bank worked with them to develop a comprehensive business succession plan and reconfigure their investment portfolio so they could transfer a portion of it to their two sons over time, thereby minimizing tax consequences.1 Working with Fifth Third Private Bank, the Lewises are making their business succession plan and their family legacy goals a reality. guide *The circumstances surrounding this case study are representative of actual clients of Fifth Third Bank Investment Advisors. To ensure the privacy of our clients, the names and some of the facts have been changed. Recommendations and results may vary with each client based on their current financial picture and goals. There are no guarantees that any strategy described in this publication will perform as expected. Investment results cannot be predicted or forecasted and will vary depending on market conditions.
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