Articles Library

Authored by: Brian W. Sak, CFP, CLU, ChFC With a Republican administration and Congress in power, potential tax reform measures could significantly impact high-net-worth individuals, small business owners, and corporate executives. While the specific proposals remain uncertain, historical legislative priorities offer insight into the possible changes on the horizon. This article explores the key areas…

Contributed by: Austin Manning, CFP Estate planning is an essential component of managing and preserving wealth, particularly for families, business owners, and executives with significant assets. Among the many tools available, trusts stand out as a versatile and effective way to protect, manage, and transfer wealth in alignment with your wishes. Understanding the role of trusts in estate planning…

For many families with significant wealth, creating a lasting legacy that benefits future generations is a paramount goal. Intergenerational wealth planning goes beyond simply transferring assets—it requires a thoughtful approach to ensure that your values, priorities, and financial strategies align to serve your family well over time. At Granite Harbor Advisors, we believe intentionality is a cornerstone…

Contributed by: Pijus Bulvinas, CFP & Richard Dorfman, Vice President, SRS Real Estate Partners Real estate investors are constantly seeking ways to maximize their returns while minimizing their tax liabilities. For those looking to sell appreciated property without incurring significant capital gains taxes, the 1031 exchange offers a powerful solution. Named after Section 1031 of the Internal…

Contributed by: Caleb Christian, CFP, CLU, ChFC For successful individuals and business owners, self insurance can seem like an appealing alternative to traditional insurance. By taking on the financial responsibility of covering potential losses rather than transferring risk to an insurance provider, self insurance may offer greater control and cost savings—but it also comes with significant risks.…

Contributed by: Dale Shaw, CFP, RICP In today’s increasingly mobile world, high-net-worth individuals often find themselves weighing the benefits of relocating to a state with more favorable tax laws. While the prospect of saving on state income taxes, property taxes, or estate taxes is appealing, changing your state domicile requires careful planning. This guide highlights the possible substantial…

Contributed by: Timothy B. Smith, CFP For many high-net-worth families, philanthropy is not just a way to give back—it’s an opportunity to leave a legacy and create meaningful change. Increasingly, families are discovering the power of collaborative philanthropy, where they partner with other wealthy families to amplify their collective impact. At Granite Harbor Advisors, we understand that successful…

Contributed by: Brian W. Sak, CFP, CLU, ChFC Probate is often a time consuming and costly process that can create unnecessary stress for your loved ones. For families and individuals with significant assets, avoiding probate is a strategic way to facilitate a smoother transition of wealth. By incorporating thoughtful estate planning techniques, you can protect your heirs, preserve privacy for the family,…

Contributed by: Tom Kelley, MBA For many business owners, their company represents years of dedication, vision, and effort. Planning for the continuity of your business after your exit is not just about protecting your legacy; it’s about ensuring the stability of the company, the well-being of its employees, and the financial security of your family. Yet, many entrepreneurs delay this critical planning…