10,000+
We have helped over ten thousand families protect & preserve their assets.
1,000,000+
Our mission is to empower 1 million families with robust estate & tax strategies.
1,000,000,000+
We have lowered over 1 billion dollars worth of taxes and high-interest debt for our clients.
Backed by cases & codes
Every strategy that we recommend or incorporate is backed by court cases, IRS codes, and official publications and reports.
Peace of mind approach
We offer clients strategies that are extremely creative and innovative, but are 100% in compliance with the law and offer peace of mind.
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.
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!
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!
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...
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!
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.
Our affiliate courses are designed by experts who have years of experience and proven results in the affiliate marketing industry.
Press Play to Watch This Short Video
Here are a few highlights from the video:
1. Lower Personal Liability: Donated assets belong to the PF, protecting them from personal lawsuits. Once transferred, these assets are safeguarded from any legal claims that may arise against the donor.
2. Protect Assets from Spendthrift Heirs: By donating assets to a private foundation, donors can ensure their charitable contributions are preserved and managed responsibly, protecting them from heirs and beneficiaries who may not have prudent financial habits.
3. Corporate and Personal Tax Benefits: Corporations can reduce their taxable income by up to 10% each year through donations to a PF. Individuals can reduce their taxable income by up to 30% of their AGI by donating cash, and by up to 20% for donating assets like real estate and stocks.
4. Carry-Forward Excess Deductions: Excess charitable deductions can be carried forward for up to five consecutive years on personal tax returns, allowing donors to maximize their tax benefits over a longer period.
5. Tax-Free Growth: Assets within a private foundation grow tax-free, maximizing wealth for charitable purposes. This allows for greater accumulation of wealth dedicated to charitable efforts.
6. Boost Goodwill: Engaging in formalized philanthropy boosts goodwill, trustworthiness, and brand perception for corporations, enhancing their public image and fostering positive stakeholder relationships.
7. Structured Charitable Giving: Private foundations require a structured approach to charitable giving, including a mandatory 5% annual distribution of assets, ensuring consistent philanthropic efforts.
8. Align with Wills, Trusts, and Corporations: Private foundations seamlessly integrate with wills, trusts, and other legal structures, creating a cohesive strategy for long-term charitable impact.
We invite you to attend a free workshop where we go through frequently asked questions, practical examples, share experiences, and give participants to network and meet other entrepreneurs and investors (who are also on the same journey to learn more about wills, trusts, and foundations), as well as professionals actively involved in law, tax, and financial industries.
Book your spot below - it's 100% FREE - you'll get a chance to speak with our Attorneys & Tax Professionals in real-time.
We invite you to attend a free workshop where we discuss the above strategies in more depth and provide you with an opportunity to speak with our attorneys and tax professionals who operate in the world of foundations, day-in and day-out.
Press Play to Watch This Short Video
Here are a few highlights from the video:
1. Lower Personal Liability: Donated assets belong to the PF, protecting them from personal lawsuits. Once transferred, these assets are safeguarded from any legal claims that may arise against the donor.
2. Protect Assets from Spendthrift Heirs: By donating assets to a private foundation, donors can ensure their charitable contributions are preserved and managed responsibly, protecting them from heirs and beneficiaries who may not have prudent financial habits.
3. Corporate and Personal Tax Benefits: Corporations can reduce their taxable income by up to 10% each year through donations to a PF. Individuals can reduce their taxable income by up to 30% of their AGI by donating cash, and by up to 20% for donating assets like real estate and stocks.
4. Carry-Forward Excess Deductions: Excess charitable deductions can be carried forward for up to five consecutive years on personal tax returns, allowing donors to maximize their tax benefits over a longer period.
5. Tax-Free Growth: Assets within a private foundation grow tax-free, maximizing wealth for charitable purposes. This allows for greater accumulation of wealth dedicated to charitable efforts.
6. Boost Goodwill: Engaging in formalized philanthropy boosts goodwill, trustworthiness, and brand perception for corporations, enhancing their public image and fostering positive stakeholder relationships.
7. Structured Charitable Giving: Private foundations require a structured approach to charitable giving, including a mandatory 5% annual distribution of assets, ensuring consistent philanthropic efforts.
8. Align with Wills, Trusts, and Corporations: Private foundations seamlessly integrate with wills, trusts, and other legal structures, creating a cohesive strategy for long-term charitable impact.
We invite you to attend a free workshop where we go through frequently asked questions, practical examples, share experiences, and give participants to network and meet other entrepreneurs and investors (who are also on the same journey to learn more about wills, trusts, and foundations), as well as professionals actively involved in law, tax, and financial industries.
Book your spot below - it's 100% FREE - you'll get a chance to speak with our Attorneys & Tax Professionals in real-time.
We invite you to attend a free workshop where we discuss the above strategies in more depth and provide you with an opportunity to speak with our attorneys and tax professionals who operate in the world of foundations, day-in and day-out.