Effective use of surplus assets

[et_pb_dcsbcm_divi_breadcrumbs_module hide_homebreadcrumb=”on” _builder_version=”4.4.5″ locked=”off”][/et_pb_dcsbcm_divi_breadcrumbs_module]

Like many people with above-average financial resources, you may have surplus assets that you will never need during your lifetime. Instead of continuing to expose these assets to your high tax rate, consider ways you can protect them. 

Effective use of surplus assets

Like many people with above-average financial resources, you may have surplus assets that you will never need during your lifetime. Instead of continuing to expose these assets to your high tax rate, consider ways you can protect them. 

Three options include:

  1. Making lifetime gifts to low-income family members.
  2. If there is an insurance need, put assets into a tax exempt life insurance policy, where the income they produce grows on a tax-free basis.
  3. Donate publicly listed securities that have appreciated in value to qualified charities b without paying any capital gains tax.