Online Workshop: Planning and Strategies that Defer and Minimize Taxes by Brian George
by Marie Waite | Aug 22, 2022 |
Personal and business events can dramatically impact someone’s financial scenario. Even if they have the resources to respond, oftentimes those resources can’t be liquidated in time to meet a need. Our network of seasoned Trusted Advisors can help you create a plan for your clients to:
- Prepare for death, divorce of disability of one of a business’s owners
- Create a succession plan
- Have sufficient funds for heirs to manage a client’s immediate estate needs and pay estate taxes
- Provide for estate equalization
- Liberate cash and capital for existing or emergent opportunities
- Provide financing solutions for Deferred Compensation plans for key Executives
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Strategies that defer and minimize taxes are never a one-size-fits-all scenario. Your Ultra High Net Worth clients have complicated business and family requirements. There are more than a dozen tax strategies to help:
- Reduce capital gains taxes from the sale of a home, business or stock
- Provide a steady flow of tax-free income
- Use tax structures to legally reduce or defer capital gains taxes
- Transfer appreciated real estate gains from one property to another
- Gain more time to re-invest in property after a sale without paying a capital gains tax
- Retain benefits of real estate ownership (appreciation, depreciation, etc.) while removing the headaches of management issues and while increasing cash flow
- Reduce or eliminate capital gains tax when downsizing a residence
- Help preserve ecologically and economically important resource lands while also reducing your tax bill
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