Charleston, W.Va. (July 1, 2018) — Kay Casto & Chaney PLLC is pleased to announce that Gary L. Swingle CPA/PFS has joined the firm as a non-legal consultant and professional staff member assisting attorneys in the Private Company/Individual Wealth Preservation and Transfer Area of the taxes, estates, and trusts group.
Mr. Swingle is a Certified Public Accountant (CPA) and has been designated a Personal Financial Specialist (PFS) by the American Institute of CPAs. Mr. Swingle has more than 30 years of experience in providing tax planning, tax preparation, management consulting, and litigation support services to privately held businesses, professional firms, and individual clients.
In 2001, Mr. Swingle founded a Registered Investment Advisory Firm (RIA) and limited his services to assisting individual and business clients in wealth accumulation including investment management, wealth growth, wealth preservation, and wealth transfer planning. In his 16 years of experience as the president and manager of the RIA, Mr. Swingle became highly skilled in helping clients think through and determine their financial goals to determine what was most important for them to achieve, not only in accumulating and growing wealth, but also in protecting and efficiently transferring that wealth to future generations or charities. These services included teamwork with insurance professionals, investment advisors, and estate and business attorneys in the legal document planning and drafting process.
Mr. Swingle is also very experienced in assisting both defense and plaintiff lawyers in the complicated tax and financial issues involved with lawsuit settlements and awards and the use of Structured Settlement Annuities.
Although not a lawyer and not engaged in document preparation, Mr. Swingle has worked closely with numerous clients, estate planning lawyers, and trustees in document planning and the review of wills, trusts, fiduciary powers, and other legal documents. Mr. Swingle consults with clients to make certain that the titling of assets, the naming of beneficiaries, and the ongoing changes in clients’ assets and family relationships coordinate with the documents drafted by the attorney. Mr. Swingle’s services help to assure, from a financial and practical standpoint, that the documents meet the clients’ needs, wants, and objectives as determined in the financial and estate planning process.
“With many years of experience as a personal financial specialist, Gary is quite skilled in explaining complicated documents from a practical standpoint and how the documents will work in accomplishing a client’s financial and estate planning goals,” said Craig M. Kay, a member of Kay Casto & Chaney PLLC, and the practice leader for the firm’s taxes, estates, and trusts group.
About the Private Company/Individual Wealth Preservation and Transfer Service:
The Private Company/Individual Wealth Preservation and Transfer Area of client services is wide ranging. Its service providers include both experienced lawyers as well as experienced financial consultants providing an overall holistic service to clients. The Wealth Preservation and Transfer Area includes advice to closely held businesses on formation, entity control, business ownership changes, liability issues, and many other issues that such businesses encounter.
With respect to individual clients, the firm’s goal is to assist in preserving and protecting their assets and transferring the assets tax-efficiently, either through lifetime or testamentary gifting to loved ones or to charity. This area concentrates on will and trust planning and document drafting; estate and trust administration; advice on risk avoidance (including the use of life insurance/life insurance trusts, disability and long term care insurance coverage); appropriate titling of assets; advice on naming trustees and beneficiaries; counseling on the most efficient ways to contribute and to withdraw or gift funds held in IRA and qualified retirement plans; advice on spending down assets in retirement; lifetime gifting to loved ones; charitable and planned giving and the use of donor advised funds and private foundations; and advice on many other areas that individuals encounter as they plan for the future.
Mr. Swingle is resident in the firm’s Charleston office, but he serves clients’ non-legal needs throughout West Virginia. Telephone: 304.345.8900, ext. 135 or directly at 304-391-8835. Email address: gswingle@kaycasto.com.
For more information about Kay Casto & Chaney PLLC, please visit the firm’s website: www.kaycasto.com.
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