Barry, Evans, Josephs & Snipes
How often do we notice the bridge?…
A bridge is the means by which we travel from one place to another. It’s the connecting structure that makes the impossible, possible. Bridges are those sturdy and reliable structures that shorten distances, connect people and keep us out of harm’s way. They provide “safe crossing” and turn uncertainty into certainty. Above all, bridges are practical solutions to the sometimes risky environment in which we find ourselves.
Like a relationship, a bridge is not built overnight. It takes months, even years to create something you can depend on. Bridges that last require state-of-the-art design and experts supported by teams of specialists. An outcome that is simple, elegant, and durable is the desired result of a process that is often painstakingly complex.
“In this world nothing can be said to be certain, except death and taxes.” – Benjamin Franklin
Our Focus
Affluent Families
Life insurance and other tax-advantaged vehicles play vital roles in sustaining the legacies created by today’s affluent families. Whether the goal is to ensure that future generations will be taken care of or to provide for a charity that is near-and-dear to the family, the process of designing and implementing a plan can be complicated, full of traps, and daunting, to say the least.
BEJS can recommend practical solutions that will provide clarity and certainty into the estate planning process. These solutions often involve reducing taxes, providing liquidity, and ensuring the proper timing and the amount of distributions to chosen beneficiaries.
Below are some examples:
- Multi-Generational Estate Planning
- Simplified Legacy Planning
- Charitable Planning
- And more
Businesses
While staying within the context of your business’ overall corporate financial goals, our plans are designed to help ensure that, no matter what uncertainty lies in front of your business, it will remain and prosper. BEJS focuses on three major areas regarding preservation of your company’s future.
Key Person Insurance
A business today may be in serious trouble if it loses one of its key employees. The loss of these employees could be from a variety of sources: accident, illness, death, or leaving to work with a competitor. Proper planning is a necessity in order to retain these key employees while, at the same time, staying true to corporate financial directives. BEJS can provide solutions that could fund the business during the period of time in which a suitable replacement is found; or it could provide liquidity for surviving partners to purchase a deceased partner’s portion of the business from his/her estate.
Non-qualified Plan Funding
BEJS can also help a business retain key employees by designing, implementing, and administering cost efficient and effective executive benefit plans that supplement restrictive qualified retirement and group insurance plans:
- Business Continuity
- Deferred Compensation Solution
- Corporate Owned Life Insurance Policy Review
- And more!
Executives/Professionals
Executives and Professionals earning high incomes face unique challenges in protecting their families. More often than not, the solution is beyond the scope of employer benefits and off-the-shelf products. High incomes limit truly desired participation in employer-sponsored savings vehicles leaving behind an insufficiently funded retirement plan. Group term life insurance policies seldom achieve the goal of providing current and future income protection for the executive’s family. Typical disability coverage is limited to an income that is well below a normal high income earner’s needs, and the thought of actually needing long term dependent care seems so far off into the future that most people disregard it and fail to realize the extreme cost of the care and the burden it places on their loved ones.
BEJS can provide certainty around these challenges with customized plans based around wholesale priced insurance products that fall outside of the traditional “one size fits all” mentality. These customized, yet practical, plans can provide tax-free supplemental retirement income; tax-free income protection in case of death; supplemental disability protection; and the assurance that today’s business executive will not be a burden on his/her estate and/or family in later years:
- Safeguarding Income
- High Limit Disability Income
- Supplement Retirement Income
- And more!
Community Impact
At BEJS, we take the mission of our firm seriously. We think it’s important to support and preserve the priorities that help make our community a better place. As a result, our individual team members and our team as a group frequently find opportunities to commit our time to volunteer throughout the Charlotte region at the various charities and organizations listed below.
Local / Regional Charities with BEJS Team Member Participation
| A.C. and Lillian D. Bulla Foundation | Hands on Charlotte | The Nature Conservancy |
| Blue Ridge Conservancy | Heart Math Tutoring | University of the South |
| Blumenthal Performing Arts Center | Hopeway Foundation | Urban Ministry |
| Camp Blue Skies | Humane Society of the United States | Volunteer Income Tax Assistance (VITA) |
| Catawba Lands Conservancy | Humane Society of Charlotte | Wake Forest |
| Charlotte Kiwanis Club | Lake Lure Flowering Bridge Gardens | Wildlife SOS |
| Crisis Assistance Ministry | Loaves & Fishes | YMCA of Greater Charlotte |
| Community Link | M Center of Excellence | North Carolina Museum of History Associates |
| Friendship Trays | Queens University Charlotte | YMCA of the Triangle |
| Goodwill | Salvation Army Women and Children’s Center |