Zero Tax Planning is a program of Family Office Services, Inc.
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Zero Tax Planning is a simple but powerful concept that integrates well-established non-charitable tools (such as insurance, LLCs, low-interest notes, and irrevocable trusts) with common charitable tools (such as gift annuities, charitable remainder trusts, charitable lead trusts, private foundations, pooled income funds, etc.) to help clients reduce taxes while increasing potential benefits for family and favorite charities. Most clients can zero-out estate, gift and GST taxes through the appropriate leveraging of standard estate and gift tax exemptions. Other charitable and business income tax strategies can be used to zero-out taxes on capital gains income and/or the portion of their income not needed for lifestyle expenses. It is not difficult to zero-out capital gains taxes and large portions of income taxes by simply by giving wealth to charity. Nor is it difficult to zero-out estate and gift taxes by giving wealth family members and charity. Synergistic opportunities arise when the tax benefits of statutory charitable tools are combined with the tax benefits of non-charitable instruments described in the Internal Revenue Code. Family Office Law LLP ("FOL") attorneys and their affiliates do not recommend strategies that lack substantial legal authority. Strategies allowing for tax avoidance are recommended with input from the client's CPA; all recommendations respect language on the IRS website as well as judicial doctrines long-affirmed by Federal Court judges.