Financial Family Planning

It is never too early to start planning a successful future for yourself, your family and your business.

A comprehensive financial plan can benefit your family for generations. The overall plan will continue through a person’s working lives, into their retirement years and even after their deaths, providing a stable framework for their children.

Miller Bernstein has a long history working with families to manage their financial resources by:

  • Developing financial plans
  • Establishing short-term and long-term goals
  • Guiding key decisions
  • Laying the groundwork for future directions
  • Managing wills and estates


Miller Bernstein’s Estate Group assists individuals and families planning their wills and estates, both pre-mortem and post-mortem. It is a sensitive matter, combining family and financial matters.

Our multidisciplinary team can assist in planning and implementing each one of these important steps.

An effective estate plan includes:

  • Incapacity mandate
  • Family trusts
  • Pre-mortem reorganization of family assets

Miller Bernstein assists trustees and beneficiaries in settling and administering estates, guiding them through the complex decision-making process.

We have significant experience tackling the numerous challenges that may emerge, including beneficiaries or assets that are located outside of the country.

Our complete, flexible services are designed to provide trustees and beneficiaries with peace of mind and security.


Family-owned businesses are the backbone of our economy, creating new jobs, products and wealth to help our communities prosper.

Unfortunately, many family-owned businesses fail to survive beyond the founding generation. The separation between ownership and management is a common problem that puts strain on the business and prevents it from adapting to market changes.

Miller Bernstein has a proud history of serving family-owned enterprises. We offer integrated and specific services that will help build your legacy. Our strategists are an extension of your own staff — adopting your values and priorities that you used to grow your business.

Our experts provide advice to family-owned businesses in the following areas:

  • Succession Planning — It’s the single most important issue in a family-owned business. Without a detailed succession plan, the founder could be forced into alternative exit strategies. It is important to begin early developing a plan that tackles issues like ownership structures and skills transfers.
  • Ownership Structure — A successful intergenerational transfer will require an appropriate structure to support your business objectives.
  • Developing Your Business Plan — Take advantage of Miller Bernstein’s objective analysis of your business situation to drive extraordinary growth.
  • Strategic Planning — Miller Bernstein can lead a process of identifying your strengths and weaknesses, and defining your strategic objectives to secure the family’s legacy and ownership and control of the business.
  • Governance — Good governance guides the relationship between the family, the owners and the organization. With tools such as a family council and a family constitution, the family can add tremendous value to the evolving ownership structure.
  • Finance and Funding — Whether to use family money or third-party capital can be a real concern, so it is imperative that the family have access to funding options that protect it from loss of assets.
  • Implementing Internal Controls and Systems — Many family-owned businesses have limited controls to prevent over-reliance on family members, and this can result in financial loss.
  • Employee Benefits and Compensation Planning — Every family-owned business must limit the potential for conflict between family and non-family employees by adopting clear guidelines for employee expectations, qualifications, remuneration and deliverables.
  • Conflict and Mediation — Conflict is unavoidable, both among family members or between family members and non-family members. Use clear policies, effective communication and mediation processes to manage the conflict.
  • Exit Strategy — Some situations will require an exit strategy. Proper and early planning will avoid the loss of value during the exit process.
  • Retirement Planning — Using the business as part of our retirement plan has major consequences for the future of the company. Retirement planning and the accumulation of assets outside the family-owned business is critical to a successful retirement strategy.