Articles Library

Navigating Complex Tax Regulations for High-Net-Worth Individuals When it comes to tax planning, high net worth families must pay adequate attention to three distinct taxes on their wealth: income tax, capital gains tax, and estate tax. Understanding and managing these taxes effectively is not only a requirement but also a strategic move to safeguard wealth and ensure future financial health. This…

Is Social Security income taxable? As we approach tax season, many individuals are wondering if their Social Security income will be subject to taxation by the IRS. This is a common concern among retirees and those nearing retirement age. The answer to this question is not a simple yes or no, as it depends on various factors. In this blog, we will explore the topic of Social Security income and its…

The Dynamic Partnership of Estate Planning Attorneys & Wealth Advisors Co-Author – Amy R. Koontz, Attorney at Malouf Nakos Jackson & Swinson, P.C. As American retirees prepare to transfer a staggering $36 trillion over the next 30 years to families, friends, and charitable organizations upon death1, it’s critical to understand that a seamless transfer of wealth requires more than just a will.…

Maximizing Real Estate Returns in Texas: Investment Strategies & Ownership With Texas's changing property tax landscape, real estate is becoming an increasingly attractive asset class. Discover if and how real estate may fit within your investment portfolio. Governor Abbott recently signed one of the most significant property tax cuts in American history, officially using $18 billion of the state’s…

The Corporate Transparency Act: Implications and Considerations As the clock ticks closer to January 1, 2024, businesses across the nation are preparing for the implementation of the Corporate Transparency Act (CTA). This landmark legislation aims to enhance transparency and accountability in the corporate world. Here we will discuss the main provisions of the CTA, discuss its implications for small…

Top Tax Moves for High-Net-Worth Investors to Consider Before December 31 As 2023 draws to a close, now is the time to proactively review your accounts with your team of wealth professionals to make strategic tax moves before the end of the year. With accurate annual income projections in sight, there are several timely opportunities to consider: maximize pre-tax deductions and strategically plan…

Conveniently located in Remington Square, the new space will serve as a central educational and service hub for clients, as well as strategic partners in the community for continuing education and planning collaboration. HOUSTON, Nov. 14, 2023 /PRNewswire/ -- Granite Harbor Advisors, an independent registered investment…

One of the most significant threats to the long-term success of wealth accumulation, particularly for high-net-worth individuals, is the burden of taxes. The question to all finance professionals, from CPAs to wealth advisors, is simple: What steps can we take now to proactively help maximize wealth and minimize tax burdens in the future? Often, these strategies require the partnership of a CPA and…

The Power of Buy-Sell Agreement Planning for Business Owners As a business owner, ensuring the long-term success and continuity of your enterprise is usually at the very top of the list of priorities. One of the essentials that can help you achieve this goal is effective buy-sell planning. This article delves into the significance of buy-sell planning for business owners and highlights the key strategies…