If you are an executive with company stock options, here’s a closer look at how the new estate tax laws in 2018 can affect you. We’ll also discuss why you should consider removing your stock options from your estate and a strategy for doing that.
When many people think of making a charitable donation, their mind immediately goes to pulling out the checkbook to make that gift. However, there are other methods that can be tax efficient for high net worth individuals, making them a “win-win” for the charity and the executive. Here’s a closer look at five charitable giving tax strategies to consider. When implemented with an experienced wealth manager, these strategies can help you to maximize your charitable donation and lessen your tax burden at the same time.
Stock options are rarely talked about when it comes to investing, even though they typically make up a large portion of a top-level executives’ overall net worth. The good news is that, by working with an experienced executive financial advisor, you can learn more about strategies for investing non-qualified stock options and make informed decisions that benefit your financial portfolio.
A living trust can be a valuable estate planning tool for executives. It’s one I’ve helped many of my clients implement because of the benefits it offers. Here’s a closer look at the living trust benefits to consider as you plan what will happen with your hard-earned assets when you’re no longer able to manage them.
By working with an advisor who specializes in equity compensation planning, you can be sure the pilot of your financial plan has flown this route before and knows exactly what to look and plan for. They can guide you through asking the right questions and gathering the necessary information to help you make an informed decision.
Smart legacy wealth management strategies can help ensure that your priorities are evident through your charitable gifting. With the help of an executive financial advisor, you can effectively implement these strategies to create a legacy of giving. Let’s look at some of them in more detail.
As an executive financial advisor, part of my job is simply to educate clients about the stock options they’ve been offered so we can devise a strategy together. With that in mind, I’d like to offer a closer look at differences between two common types of stock options you may face at some point in your career—incentive stock options vs. non-qualified stock options.
While the 2018 tax reform has loosened up the estate tax laws and limits, executive stock options and equity compensation plans can still have a major impact on your taxable estate. That’s why I want to share with you one estate planning strategy for corporate executives with equity compensation plans: gifting stock options.
Tax Day. While some people embrace the fact that it comes every year like clockwork, others dread it. Bidding adieu to another year’s filing deadline, for many, means an opportunity to breathe a sigh of relief and to not have to think about it again for another year. As an executive financial advisor, however, the topic of taxes is never far from my mind. When I’m consulting my clients, a top priority is always how the decisions we make will affect their tax situation.
While I always recommend that you work with a trusted tax professional in conjunction with a seasoned wealth manager before making any large charitable donations, in my experience, I have yet to find a downside to donating stock to charity.