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What we do for you

What we do for you

  • We Assist Families with the Complexities of Wealth

    Wealth can create opportunities for successful families to leave an impact to the people and causes they care about.
    In the last five years, wealthy families realize the way they think about problems has changed. They realize their wealth is under attack in new ways. By reflecting on the character that helped these families get to where they are, families often conclude that their values are under attack, and also conclude that their family fabric is under attack. The stability they have worked so hard for is at risk because of rising healthcare costs and taxation, and while many have learned how to thrive in volatile and challenging circumstances, most have discovered it is worthwhile to have a clear blueprint to likely and positive outcomes. Sophisticated wealth holders rely on Legacy Advisor Group data, wealth monitoring and legacy design to identify, achieve, and report on positive outcomes while providing unique insights. Legacy Advisor Group is a boutique tax and consulting firm to help families sustain wealth and values, while offering protection from uncertainty. The Legacy Advisor Group is the only lifestyle consulting organization to affluent families that offers peace of mind through holistic consulting to consistently, predictably, and reliably provide inter generational protection against instability, predatory taxation, and deconstructionist social changes.
    At the Legacy Advisor Group, we recognize that complex problems face private clients, legal advisors, wealth managers and charitable organizations. Oftentimes little or no collaboration is cultivated between these problem facers to think differently about practical solutions, and that is why a values-based outcome approach defines everything we do for a client.
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Capital Gains Tax Avoidance - Beware of the Myths

How difficult is it to avoid capital gains taxes? The answer of course, depends on the type of asset you are trying to shelter. If it is a home, simply changing the ownership to a Trust that you own and control may substantially reduce the capital gains tax, but depending on your situation this strategy may be suboptimal. Perhaps the worst capital gains tax mistake people make is when they attempt to do legal work themselves via a quit claim deed. There is a reason street surgeries don’t work, and attempting to prepare a quit claim deed without a licensed attorney is equivalent to a financial street surgery. Perhaps the street surgery option is not even a remote temptation, but we encourage you to look at the full ramifications of any solution. If capital gains taxes are reduced or eliminated, will income taxes rise given a particular solution? What about estate, gift, generation skipping, or IRD taxes? Unfortunately there exist potential creditor sources beyond simply the sale of an asset. So while there may be a way to reduce capital gains tax now, will that same benefit carry to one’s children? Yes, the Treasury Department is a creditor source if capital gains tax planning is not conducted properly – the laws are written to make it very expensive for those who do not do proper planning.

Legacy Advisor Group has helped clients prepare a special type of Capital Gains Tax Elimination Trust with several key benefits:

• Capital Gain Tax Avoidance
• Income Tax Savings from Deductions
• Increase Capital Kept in your Business
• Increase Lifetime Income
• Increase Benefit to Heirs (May Require other Planning)
• Estate Taxes Reduced or Eliminated
• Increase Future Charitable Gifts

A significant downside of the Legacy Advisor Group Capital Gains Tax Elimination Trust relates specifically to timing: if the sale of the asset is already under contract, the opportunity for the full benefit of capital gains tax elimination has expired. Additionally, there may be challenges during the deferral period that should be discussed with an attorney at Legacy Advisor Group. So if you know are pursuing the correct solution, then the next hurdle is to get the timing right.

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Would you want your loved ones to face unnecessary expenses, delays and estate taxes after your passing?

You don’t need a huge estate to get huge benefits from estate planning!

Why Choose Legacy?

  • We coordinate your team of attorneys, financial planners, accountants, and insurance experts to help you get your estate plan in order and eliminate unnecessary delays, expenses and all estate taxes.
  • We practice only estate planning.
  • We guarantee your satisfaction, or we don’t get paid.

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