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Some states (like California, New Jersey, and New York) charge significant capital gains taxes. 

However, there are 8 states that have zero capital gains tax!

This disparity creates some tax planning opportunities for people living in highly taxed states.

Tune in to Derek Myron’s conversation with Adam Buchwalter, Partner at Wilson Elser, about effective tax-saving strategies for high-net-worth individuals, founder-led business owners, and C-level executives who want to reduce their capital gains taxes from a large liquidity event.

Adam and Derek discuss:

• The benefits of setting up a non-grantor trust in a state with lower tax rates
• ING Strategies and their tax implications
• Why the same strategy may not work in New York or California (and what to do instead)
• Tax advantages of QTIP Trusts
• And more

Resources:

• Episode 11 – WINGs, NINGs, DINGs and Other Things – with Mark Morris Of Levitzacks

Connect with Adam Buchwalter:

• (973) 735-5784
• adam.buchwalter@wilsonelser.com 
• LinkedIn: Adam Buchwalter
• Wilson Elser

Connect with Derek Myron:

• dmyron@centurawealth.com 
• LinkedIn: Derek Myron

Connect with Centura Wealth Advisory:

• (858) 771-9500
• Centura Wealth Advisory
• LinkedIn: Centura Wealth Advisory

About Our Guest:

Adam Buchwalter is engaged in the practice of estate and tax planning, including developing strategies for limiting estate and income taxes, providing for a disabled child, selecting fiduciaries to manage one’s affairs, and setting up ancillary documents including powers of attorney and advance directives for health care. Adam’s practice also deals with all aspects of estate administration, from probate and gathering assets to preparing estate tax returns and distributing assets to the estate’s beneficiaries.