Planning for High Net Worth and Highly Compensated Individuals

MLG

At Morris Law Group, we work with highly compensated individuals to develop the right wealth preservation strategy for your unique needs. Highly compensated individuals can range from professional athletes, entertainers, real estate developers to entrepreneurs, private equity principals and corporate executives. We work with you to help overcome the unique challenges relating to asset protection and income, estate and gift taxes. We collaborate with your advisors to implement legal plans to protect your wealth from the claims of creditors and to reduce or eliminate your tax liability.

Some of the strategies we use to minimize your tax liability include:

  • Establishing charitable trusts and foundations.
  • Structuring legal entities
  • Establishing offshore and domestic trusts.
  • Developing gifting plans.
  • Implementing income timing techniques, such as the exercise of stock options.
  • Planning with carried interests.

Stock options or restricted stock are often a part of our client’s compensation package. The structure of these are complex and replete with pitfalls. Our attorneys understand the nuances involved with these unique assets and are able to properly plan for the exercise, transfer and/or contribution to maximize value and minimize tax liability.

We understand that as a highly compensated individual you have accumulated assets that require a plan to ensure their protection. The plan should shield your assets from creditors claims in all arenas, including business exposure, professional malpractice exposure, personal injury liability, divorce and nuisance claims. Through techniques such as offshore and onshore trusts, entity structures, pre- and post-nuptial agreements and other strategies, we aim to preserve and protect your wealth.

 

** Disclaimer Required by IRS Circular 230** Unless otherwise expressly approved in advance by the undersigned, any discussion of federal tax matters herein is not intended and cannot be used 1) to avoid penalties under the Federal tax laws, or 2) to promote, market or recommend to another party any transaction or tax-related matter addressed.

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7284 West Palmetto Park Road,
Suite 101
Boca Raton, FL 33433
(561) 750-3850

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AVENTURA

Aventura Corporate Center
20801 Biscayne Blvd., Suite 304
Aventura, FL 33180
(305) 682-8330

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GERS U.S.A. LLC
2843 Executive Park Drive
Weston, FL 33331
(954) 726-1214

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Phillips Point Buildings West Tower
777 South Flagler Drive, Suite 800
West Palm Beach, FL 33401
(561) 750-3850

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