But how many financial advisors or even wealth managers really know their stuff in specialized but critical areas like this? Poor tax planning can cost you millions. Poor (or lack of timely) estate planning can cause your heirs to miss out on massive chunks of your hard-earned wealth. This is not something just any financial … Read more
Table of ContentsHow to Determine State Residency for Tax PurposesHow States Try to Determine ResidencyNew York Statutory Residency RulesCalifornia Statutory Residency RulesBest State Residency Advice How to Determine State Residency for Tax Purposes Avoid Double Taxation – Know what It Really Means to “Move” to Another State For high net worth individuals looking to move … Read more
It’s no secret. High net worth individuals pay the most money in taxes, and this is unlikely to change anytime soon.However, because you pay the most, you also stand to save the most when you implement smart tax planning strategies to minimize your losses.If you are a high net worth individual with over $10 million … Read more
How Taxes And Fees May be Taking Huge Chunks of The Affluent’s Wealth When it comes to costs associated with investment management and financial services for the affluent, there are two critical issues. First, let’s make sure they are reasonable and, secondly, if they are reasonable, let’s make sure you get the biggest bang for … Read more
Managing Taxes – Five Major Events Critical To Your Financial Freedom By Hutch Ashoo At a Glance 1. taxes are one of the biggest expenses eightand nine-figure estates incur. 2. Great wealth advisers will have your pulse and pre-plan for your future major financial events. 3. Without pre-planning many of your most effective tax reduction … Read more
Right Strategies Can Help Lower Taxes As top wealth managers we know many very high-end professionals such as CPAs, M&As and attorneys. In this article we will share some strategies that can be utilized by the ultra wealthy to lower overall tax rates. We will also cover topics like family foundations and consolidating liquid family wealth — … Read more
What families worth $8M must do to prepare for 45 percent tax. As we reflect on 2005 and why families with large estates, those exceeding $8 million, came to us looking for advice, what we conclude is that there is a surprising amount of confusion over estate taxes. The confusion exists, even though there are … Read more
