Saving Taxes

Much has been written about the unbearable complexity of the Internal Revenue Code and its uneven and burdensome enforcement. As a practical matter, however, most of that analysis still leaves unanswered the question of how U.S. taxpayers should deal with this flawed system on a personal level. What should you do about your own taxes?

Since our practice is dedicated to helping families meet their long-term financial goals, our clients have faced this question thousands of times over the last two decades of turmoil in the U.S. tax law. As a result of this experience, our specific tax advice and planning ideas are based on a certain fundamental orientation. Here are our views on managing tax risk:

¨   Tax Risk Can Be Minimized, But Not Avoided

¨   Reducing Taxes is Critical to Financial Security

¨   Paying Gift Taxes Can Be a Good Investment

¨   Delay & Timidity are the Enemies of Good Planning

¨   The Best Planning is Tailor-made

¨   Beware of the Psychology of Crowds