Our Advantage

Long-range success planning for your financial future is extremely important to the team at Lucido-Morris Wealth Management.  Our wealth management services are sought by a wide variety of clientele because of our ability to help protect and manage their wealth during critical times in their lives.  

Below are a few of criterion that we take into consideration when helping to optimize, manage, and protect your wealth:

Wealth Optimization

Wealth Optimization is our ability to help create the maximum possible amount of wealth for you.  Obviously, not everyone’s wealth strategy can be the same, and factors that affect such a strategy are your age, income level, assets, lifestyle, family situation, and more. 

Wealth Enjoyment

The satisfaction for our team at Lucido-Morris Wealth Management is being able to watch our clientele truly enjoy the wealth that they have worked so hard to accumulate, without the fear of it running out.

Transfer of Wealth

At some point, for all of us, we face the situation of dying.  Along with that experience is also the transfer of wealth and assets to other parties.  There are six places that wealth can go upon your death.  The are:

Government – In the form of Estate Taxes, Income Taxes, Inheritance Taxes, Penalty Taxes, Probate Fees, and Generation Skipping Transfer Taxes. 

Corporations – To Nursing Homes, Hospitals, Law Firms, Accounting Firms, and Appraisal Companies.

Financial Institutions – To Banks, Brokerage Companies, and Insurance Companies.

Other Wealthy People – In the form of Estate Sales, Auctioneers, Corporations, Vulture Capitalists, and “Fire Sales”.

Family - This is the default after the first four have siphoned wealth.  For most of the people with whom we work, the result of their years of hard work is to transfer wealth to family and leave a legacy.

Charity – Money only arrives to a charity by designated choice.  This leaves a last legacy, whether to a local community foundation or favorite charity.

Did you ever consider that your legacy does not get transferred to whom you want until it has been siphoned by the first four entities above?

Situational Wealth Planning

Wealth Strategy Planning works, not just in an ideal world, but in a world where you could experience radical changes to your lifestyle, such as:

• Outlive your funds.
• Endure fluctuating interest rates and volatile stock markets.
• Face high inflation, without investment allocations protected against economic and market cycles.
• Suffer unnecessary risk due political and tax law change.
• Be sued, causing sudden and dramatic loss of your wealth from potential creditors.
• Become sick or disabled, potentially devastating your lifestyle and future wealth.
• Die too soon, leaving your loved ones impoverished.