Protect Yourself Against The Greatest Threats To Your Estate – Taxes, Divorce, and Creditors. 

There are many opportunities and plans available to legally minimize and avoid Estate Taxes. 

Our focus is to ensure our clients possess a wealth and tax protection plan that strategically integrates towards two needs - the specific needs of their overall financial and non-financial objectives – utilizing Uncle Sam’s most favorable tax breaks. 

Our focus is on furnishing the key to Uncle Sam’s most favorable tax breaks to help protect the assets you have worked hard to build and ensure they continue growing. 

When we begin working with our clients, we embark on a process to analyze their
current situation.  We learn about their objectives and how they have planned up to this point.  Then we structure proven strategies that are customized to work with their wealth protection goals and the future evolution of their family. 

What is the philosophy behind our wealth protection planning?

We understand most heirs are frustrated to wake up the next morning realizing they have just given away everything that took their family 30 or 40 years to build.  We help you keep what you have worked so hard to get. 


The Wealthiest Families Understand the Power of Setting Their Priorities.  It is Time To Set Your Priorities In The Proper Order: 

• You
• Your Family
• Charities
• And then the I.R.S.

From the prospective of being entrepreneurs ourselves, we understand how to structure our tax planning utilizing the same tax codes families such as the Rockefeller’s and Kennedy’s use.  As we enter a couple decades of substantial wealth transfer within the United States, it’s more important than ever to plan your legacy. 

We know once you have have a significant net worth, you have unique financial needs.  From what we are seeing from several baby boomers, they want to help out their kids.  You want to share your wealth with your family, you want to see it working for you, and you desire it to last into future generations.

Financially-Educated People Protect Their Assets.  What Actions Have You Taken?

Providing protection from the following for three or more generations (depending upon state laws):

• Estate Taxes
• Generation Skipping Taxes
• Creditors
• Divorcing Spouses
• Lawsuits
• Business Failures

 
We go beyond your traditional estate planning to create a diverse wealth protection plan.  We plan your future income and retirement years through wealth management strategies. 

We design plans around the needs to protect high net worth assets while also ensuring their continual growth. 

We are also known as being an advisor to the advisors.  Our plans can be coordinated with your attorney, CPA, and other advisors. 

We offer some of the most exclusive game plans to protect yourself.  Our strategic planning also covers such areas as:

• Business Exit Planning
• Personal Income Tax Minimization
• Estate Tax Maximization Planning
• Corporate Income Tax Planning
• Philanthropic Gift and Tax Planning
• Real Estate Cash Flow Maximization Planning
• Pension Maximization Planning
• Cash Flow Maximization Planning

IRA Minimization Strategies

The new minimum distribution rules created by the I.R.S in 2002 has created a lot of new estate planning possibilities for those holding very large IRAs or the beneficiary of any sum of assets that become eligible for federal income tax. 

Your IRA or other retirement plans may face a death tax of 65-70 percent.  Now you can dramatically shrink the estate tax your family would have to pay or you could eliminate this tax all together. 

These opportunities could allow you to create a multi-generation IRA extending income tax deferral for up to three generations. 

• Avoid the potential IRA 75% death tax and pass tax deferral growth to your heirs

• Let the I.R.C. section 691 (c) IRS deduction cut the income tax on your children’s inherited in half.   

Multiple generations can be represented through a customized payout plan tailored to each beneficiary’s needs. 

The new estate planning opportunities provide for optimum estate reduction strategies.  What we recommend and is normally put in the practice is the use of the gifting for tax-free exclusion.  Instead of making the gift directly to the beneficiary, you have the option of gifting up to $11,000 per year to each beneficiary to an irrevocable trust.  The trust then can invest this money into life insurance.  This provides the resources to pay future estate taxes while protecting the value of the estate for multiple generations. 

Earlier we spoke of the I.R.C. section 691 (c) IRS deduction. 

This IRS deduction is not commonly known.  Very few accountants and attorneys even understand how to apply this rarely discussed deduction. 

This rarely spoken about tax break allows the inherited to offset income taxes due on inherited assets with built-in income in respect to a decedent or commonly known as IRD.  This deduction was created to offset the multiple tax hits on inherited assets that are eligible for not only estate taxes, but also federal income tax. 

This IRS deduction can save beneficiaries hundreds of thousands of dollars.  If you were affected by both federal income and estate taxes within the past few years and weren’t aware of this deduction, you can go back three-years to claim your deduction.

The Irrevocable Trust

Federal Estate Tax is the biggest enemy to anyone’s estate within the United States. 

Retirement plans such as IRAs and pension plans could be taxed multiple times within one generation.  It hastens the sell of sentimental and valued family assets at significantly below market levels to satisfy the tax liability heirs are staring down. 

There are legal strategies that Uncle Sam provides families to protect a family’s wealth, commonly know as an Irrevocable Trust or also known as a Legacy Trust.  This type of trust offers families a lot of flexibility within their estate planning.  At the same time, this trust protects assets from taxes, creditors, and divorce.

The Irrevocable Trust allows you to utilize special tax breaks for you and your family courtesy of Uncle Sam.  These are the same strategies utilized by some of wealthiest families including those of the Rockefeller’s, Kennedy’s, among others. 

This is a much safer alternative compared to setting up off-shore accounts. 

The Irrevocable or Legacy Trust is the foundation of estate planning to work in conjunction with all other strategies inside your estate.  Often life insurance is used to provide that ready cash pool when the estate tax bill comes due.  As mentioned, this life insurance should be held in an irrevocable trust.  And the proceeds will escape estate tax as well as income tax. 

The Irrevocable Trust is essential towards asset protection planning.  This trust could protect your family up to 100 years – ensuring your family’s legacy long after you have passed. 

Why a Living Trust Should Be Coordinated With an Irrevocable Trust

• Reduce estate taxes
• Protect assets against divorce
• Offers advanced estate planning
• Provides tax-free liquidity

The Irrevocable Trust removes assets from your estate.  That means creditors can’t get to your assets like they can within your traditional estate. 

All estate taxes are eliminated through the Irrevocable Trust.  This trust allows you to avoid the generation skipping transfer tax that could wipe out nearly 80 percent of the assets are supposed to go to your grandchildren.  It also provides your family with funds for college education. 

The Irrevocable Trust also provides a liquid fund base that you, your children, and even grandchildren can access when needed.

Begin by discussing your legacy with us today.