George and Martha could not predetermine their annual income tax liability or how future financial transactions would affect their taxes. Each spring, their tax liability was a surprise and they were either stressed or relieved.
PartnersInWealth initiated proactive tax planning to understand how various transactions would affect George and Martha’s annual tax liability. Because PartnersInWealth is aware of all client holdings and the tax considerations of those holdings, we can compile accurate projections of our client’s annual tax liability using “what-if” scenario planning.
PartnersInWealth carefully analyzed George and Martha’s stock options and the timing of real estate distributions to determine the optimum tax minimization strategy. We established an individual pension plan for them to further reduce their tax obligations.
George and Martha no longer feel controlled by their taxes. PartnersInWealth significantly reduced their tax liability, and projections show they will pay less in taxes for years to come.
Client Since: 2004