Case Study

Serious Medical Diagnosis

Through Gresham’s long-standing partnership with our preferred provider of concierge medical advisory services, we help support families going through a medical crisis. At the time of the husband’s diagnosis, the couple had been a client of Gresham for more than two decades. Through our warm introduction, an experienced Medical Team of our preferred provider educated the couple on the husband’s heart issues, assisted with attaining second opinions, extensively reviewed treatment options, and provided access to top specialists (local, regional, or national). Below are the areas where they needed support:

Organizing and summarizing clinical data to avoid medical errors.

Quickly getting and reviewing second opinions.

Reviewing constraints (if any) of existing insurance.

Accessing top medical specialists & hospitals.

Developing a care plan for the procedure and post recovery.

Fundamental Foundations

Gresham worked closely with the family to develop two foundational documents – an Investment Policy Statement and a Wealth Transfer Policy Statement. These documents helped them agree upon appropriate goals and establish success factors. We then designed an asset allocation to reflect the family’s moderately aggressive investment attitude and developed a multi-year concentrated stock risk-reduction and liquidation strategy, making appropriate recommendations regarding deferred compensation and non-qualified pensions.

Customized Approach

A customized wealth transfer policy was designed to preserve financial security for the first generation while providing support and education to the second generation. To create a safety net for the children and provide for the grandchildren’s education, we designed an estate plan to retain bequests to both generations in lifetime trusts, with flexible distribution provisions that contained annual spending caps.

Fundamental Foundations