Tag: Tax Planning
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Featured in NAPFA Advisor: Helping Clients Diversify Without Capital Gains
Many clients hold concentrated wealth in stock, real estate, or a business, but capital gains taxes keep them stuck. In a recent article for NAPFA Advisor, Katherine Silk and I explain how the asset diversification trust allows clients to: This strategy helps advisors stand out while adding measurable value for…
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Personal Goodwill: Surprising AUM Opportunities?
Paul built his funeral parlor business over 44 years. Years ago, on his accountant’s advice, he incorporated and made an S-election, as do so many small businesses. Forty-four years later, Paul was ready to sell. His active interest was worth $6 million. His cost basis in the business was almost…