Case #3 Busy Executive

 

Family Case Study #3
Busy Executive

Original SituationStrategies UsedMaximize Family ValueMinimize TaxesOptimize Giving
  • Couple in their late 40’s and had 4 children.
  • He was an executive in a large company and was earning substantial income and bonuses.
  • He deferred a large portion of his annual bonuses and was anticipating a big tax event at retirement.
  • Had highly appreciated investments that would need to be sold at some point in the future.
  • Did not have any plans for a lifetime inheritance.
  • They created a Giving Fund to set aside extra money for giving while they had excess income and needed the income tax deductions so they could give in their retirement years.
  • We developed a strategic giving plan to give appreciated investments instead of cash, avoiding capital gains taxes.
  • We utilized a Charitable Pooled Trust for the deferred income to minimize income taxes and provide an income stream for their retirement.
  • We created a lifetime inheritance strategy allowing for their children to receive their entire inheritance during their lifetime.

Case studies are for informational and illustrative purposes only and not to be considered a guarantee of results.
Actual results will vary with each situation.