We offer comprehensive business, estate, and tax planning strategies for entrepreneurs and investors looking to protect their assets, lower risks, and mitigate taxes across multiple fronts.
Thousands
We have helped over ten thousand families protect their assets and lower taxes.
Millions
We have inspired our client earmark over 100 million dollars in assets for charitable purpose
Billions
We have helped our client protect billions of dollars worth of personal and business assets.
Family offices traditionally offer comprehensive legal, tax, and financial management for ultra-wealthy families, applying business-like strategies to personal wealth. However, with entry points often starting at $40+ million in net worth, most families miss out on this integrated support.
Our "Mini Family Office™" brings this holistic approach to a broader audience. We align your legal, tax, and financial strategies under one roof, creating a centralized wealth roadmap™ tailored to your needs. This unified approach is more efficient and cost-effective, ensuring that all your advisors work together to strengthen, not counteract, each other’s efforts.
Legal Research
Every strategy that we recommend or incorporate is backed by court cases, IRS codes, and official publications and reports that is conducted through our stand-alone legal research arm.
Tax Education
We work with professionals in several different industries who use our research and content to train their advisors and help their clients get more organized and educated on tax strategies and concepts.
Services And Programs
Using the "mini family office" approach, we help our client evaluate and implement decisions taking into account the "law, tax, and financial" perspectives. Here are the estate planning strategies and entities that we offer:
Incorporations and LLCs
Partnerships and FLPs
Revocable trusts and wills
Irrevocable and complex trusts
Private foundations and DAFs
An evaluation of your legal, tax, and financial puzzle
Taxes impact every single dollar that we earn, control, and pass-on to the next generation in several different ways. We refer to this as the Tax Iceberg™, where every decision is evaluated from several tax perspectives. We evaluate, calculate, and create a game-plan to mitigate these layers of taxes:
State and federal Income tax
Federal capital gains tax
Federal estate and gift tax
State estate and inheritance tax
State probate and legal costs
Step-up basis rules for estates and trusts
Evaluation of alternative tax structures: Excise taxes & donations
We offer a comprehensive set of private foundation strategies that are designed to help entrepreneurs and investors transform into purpose-driven impact investors by integrating a private foundation. We offer the following services for private foundations:
Creation, registration, and formulation of your private foundation
Alignment of private foundation with wills, trusts, and corporations
Annual tax reduction (AGI) by leveraging foundations strategically
Donate assets and cash to remove assets from your estate
Asset liquidation and business exits with the integration of a foundation
Foundation consulting to help your family navigate the investment fund
Help with operations, technology, grants, and donation to charities
We have created and represented thousands of nonprofit organizations across the United States and Canada in a variety of roles and functions. Here are a few of the services we offer to nonprofits:
Creation of state incorporation documents
Approval by the IRS as a tax-exempt organization
Bylaws, operating agreements, and contracts
Grant program evaluations and applications
Technology and operations systems
Strategic philanthropy: Profit + Purpose™
We have built a virtual law & tax planning business model that can be customized and integrated to "compliment" businesses in diverse industries. Here's how it works:
Incorporate our FREE "Law Firm In A Box" integration model and includes the website, content, and scripts to introduce these services to clients.
Stand out from competitors by understanding how to solve big tax problems
Unlock hidden revenue streams that are right at your fingertips (existing clients)
Increase the LTV of your clients by offering important law and tax services
Boost profits and revenue by monetizing existing databases of leads and clients
Tap into the Great Wealth Transfer Movement that will last for 25-30 years
Includes the technology, tools, training, templates, and team to support this joint venture
A Word From Our Clients
Here are what a few of our current clients had to say...
I've gained more clarity on how the law works in the past year working with Law & Tax than I've gained in 25 years of working with other law and CPA firms.
Matthew
It's been hard to replace the level of subject matter expertise that Sid and his team offer around these legal topics. They are true masters!
Adriana
Law and Tax has helped me avoid lawsuits, audits, and mistakes that could have destroyed everything I've built in the past 40 years! They are God sent!
Justin
Two Real-Life Estate & Tax Cases We Are Working On
Here's a "behind-the-scenes" look at some of the strategies that we are in the midst of formulating and implementing for our clients...
Profile: Business Owners And Investors
We are collaborating with the owners of a consulting firm who plan to exit their business within the next two years and reinvest their profits across various asset categories. They prefer to avoid a 1031 exchange in order to diversify their portfolio.
Our focus is on aligning their corporations, wills, revocable trusts, irrevocable trusts, and foundations from a legal standpoint, while also coordinating various tax strategies to address both current and future tax obligations.
Here are a list of tax strategies that we look at:
- Reducing income taxes on the high AGI that they currently face
- Reducing or avoiding capital gains taxes on the business sale
- Avoiding or lowering federal trust and estate taxation
- Avoiding or lowering capital gains on other asset liquidations
- Avoiding or lowering Probate and legal costs
- Avoiding or lowering state inheritance and estate taxes
- Navigating the old vs new step-up basis rules and changes
We are helping them embrace a Mini Family Office™ approach, where their business advisory, tax, and finance teams are aligned and operating from the same playbook.
One of their main goals in life is to create a legacy that's deeply rooted in social and humanitarian contribution - their vision is to incorporate the philosophy encouraged by the tax code: Do Well By Doing Good In The World!
Profile: High-W2 Wage Earners And Investors
We are working with a power couple in their 40s, a lawyer and an engineer, with high AGI, paying six-figures in income taxes annually. They have two children, ages 10 and 14, and several categories of assets and investments.
Their goals include:
- Reducing their annual tax burden
- Increasing their charitable contributions
- Enhancing their insurance coverage
- Creating trust funds for their children
- Diversifying their investment portfolio
They were referred to us by a joint venture partner, a seasoned Financial and Insurance Advisor at a large investment firm who has been working with the couple for a few years.
We are helping them establish a combination of entities, including a limited liability company (LLC), a revocable trust, a pour-over will, an irrevocable life insurance trust (ILIT), an irrevocable trust, and a private foundation.
Each entity serves a distinct purpose, but together they create a cohesive strategy. By restructuring their existing assets (stocks, funds, crypto, and real estate) into LLCs, trusts, and foundations, we aim to reduce their current tax burden by 30% annually, while formulating alternative methods to lower "future taxes and costs" as well.
This approach also provides greater control over their investments, minimizes personal risk, and allows them to utilize gifting laws to establish robust insurance policies for their children.
Upcoming Events
Our affiliate courses are designed by experts who have years of experience and proven results in the affiliate marketing industry.
The Tax Code Loves Philanthropists
Discover why private foundations are popular among the ultra-wealthy and how entrepreneurs and investors can benefit from starting one. ...more
Private foundations
June 26, 2024•8 min read
20 Benefits of Starting a Foundation
Explore 20 unique ways to protect assets, preserve wealth, and lower taxes by starting a family foundation. Join our free workshop to learn more from experts. ...more
Private foundations
June 26, 2024•2 min read
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IMPORTANT: LEGAL DISCLAIMER
The information contained on this page does not constitute legal, tax, of financial advice and is strictly for educational and entertainment purposes only. Please consult an attorney or advisor in your area to get a second opinion on legal matters. We are a consulting firm that houses attorneys, accountants, and other licensed professionals who who execute strategies for our clients. No attorney-client relationship is formed by scheduling a call, filling out forms, attending workshops, participating in the Hotline, or by sending us an email.