Tax Optimization
A Step Beyond Annual Filing
At Living Legacy, we view tax optimization as a year-round strategic imperative. It is not just about how much you earn or what you sell your business for; it is about how much you keep after taxes. Our tax strategies and optimization services are designed to optimize income, capital gains, and estate taxes before, during, and after a business exit.
Strategic Tax Optimization: Preserving Wealth Through Proactive Planning
Advanced Strategies for High-Net-Worth Individuals
We incorporate sophisticated tax optimization strategies that go beyond basic deductions. These may include:
Qualified Small Business Stock (QSBS)
Optimizing the potential for federal tax exclusions on the sale of eligible business stock.
Donor Advised Funds (DAF) & Charitable Remainder Trusts (CRT)
Utilizing charitable remainder trusts and donor advised funds to offset capital gains and provide tax deductions while supporting causes you care about.
Advanced Qualified Retirement Plans
Contributing to specialized retirement plans tailored to business owners that allow for large pre-tax contributions.
Strategic Trust Planning
Structuring assets within trusts for asset protection and to potentially lower income, capital gains and estate taxes.
Don’t Wait Until the Sale
The most effective tax optimization occurs well in advance of a liquidity event. Waiting for an offer to sell your business often limits the tax-saving opportunities that could have been available through early restructuring. Our advisors work to set up tax-efficient strategies years before your departure that take into account considerations such as entity selection and location as well as asset positioning.
Why Business Owners Choose Living Legacy
Living Legacy facilitates a holistic view of your tax landscape. We don't work in a vacuum; we coordinate with your CPA and legal team to ensure your financial plan is a unified front against unnecessary taxation.
Who We've Helped
Build Your Legacy Today
Don’t leave your wealth to chance. Contact us to develop a proactive tax optimization plan that suits your current and future needs.