How to Grow your Estate

Your Tax Minimization Strategy

Wealth Initiatives is interested in educating our clients on the little known secrets, loopholes, and strategies of the wealthy. Estate planning can help to minimize taxes when your assets are transferred to the people or organizations of your choice, and there are proven and secure strategies you can utilize that will minimize your taxes now. You can think of the tax you save as extra income to invest that will compound over time and add to your net worth.

The following quote from Supreme Court Justice Louis D. Brandeis speaks to our individual duty to minimize taxes:

"I live in Alexandria, Virginia. Near the Supreme Court chamber is a toll bridge across the Potomac. When in a rush I pay the dollar toll and get home early. However, I usually drive a free bridge outside the down- town section of the city, and cross the Potomac on a free bridge. The bridge was placed outside the downtown Washington D.C. area to serve a useful social service: getting drivers to drive the extra mile to help alleviate congestion during rush hour. If I went over the toll bridge and through the barrier without paying the toll, I would be committing tax evasion. If, however, I drive the extra mile and drive outside the city of Washington, I am using a legitimate, logical and suitable method of tax avoidance, and I am performing a useful social service by doing so. For my tax evasion, I should be punished. For my tax avoidance, I should be commended. The tragedy of life today is that so few people know that the free bridge even exists.”

--U.S. Supreme Court Justice Louis D. Brandeis

Make sure you are fulfilling your duty to minimize the amount of tax you pay. Book a free consultation to discuss how Wealth Initiatives can help to structure your portfolio for maximum tax efficiency.