Active Tax Advisory

Mindful Tax Planning to Help Optimize Tax Efficiency

Simplifying Taxes with Proactive Planning

Tax planning is integral to maximizing and managing wealth. At Acumen Wealth Advisors, we consider the tax implications of every decision of our clients’ lives across the spectrum of their financial, estate, and investment portfolio. 

Active Tax Management Services

  • Tax Return Audit and Review
  • Year-End Planning
  • Trusts and Estate Planning
  • Asset Location
  • Securities Selection
  • Tax Optimization
  • Roth Conversion Analysis

We serve our clients by taking a thorough analysis of their tax obligations.  We also advise them every step of the way and work with their CPAs to prepare the necessary documentation. Once prepared, Acumen’s CPA reviews our clients’ returns to help them avoid costly missteps and prepare for the next year’s tax planning. 

Acumen seeks to enhance returns through active tax management comprising of security selection and asset location. Understanding when to withdraw assets, and from where, is crucial.

  • Tax-efficient assets in taxable accounts.
  • Place lower-risk, long-term investments in taxable accounts.
  • Higher-risk, income-producing investments go in tax-deferred/tax-free accounts.
  • Prioritize trades for losses, no-tax, and gains.

To potentially benefit from this strategy, clients must have both qualified and non-qualified accounts.

Trusts and Estate Planning

Many of our clients have considerable trusts and estates which need to be protected and properly managed from a generational wealth and tax perspective. Our goal is to help with their income tax strategies today and their trust and estate planning strategies for tomorrow. Having plans in place to protect and grow what matters most to our clients gives them peace of mind. They need to know that what they have worked so hard in building will provide for so many generations to come.

Our fiduciary team understands the circumstances and wishes of each of our clients’, and just as importantly, the intricacies of estate planning, including:

  • Tax-efficient wealth transfer strategies.
  • Legacy through charitable gifting options.
  • Assets and tax planning at death.
  • Insurance review and strategic advice.
  • Preserve family harmony, address unique situations.
  • Assess appropriate trust options.

We collaborate with our client’s attorneys to create and update several types of trusts for our clients including:

  • Spousal Lifetime Access Trusts
  • Charitable Lead Annuity Trusts
  • Charitable Remainder Annuity Trusts
  • Revocable Trusts
  • Irrevocable Trusts

Once trusts and estate plans are designed and structured, we work with our clients’ attorneys to ensure those wishes are properly documented. The proper estate plan ensures our clients’ assets are well preserved for generations by providing for loved ones and ensuring their philanthropic strategies are in place.

Additional Services

In addition to tax and business advisory, we provide thoughtful financial planning and investment management, estate planning, charitable strategies, real estate investing, and private asset management services.  Rather than just one advisor, each of our clients has their own team of in-house specialists.

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