top of page
Search

Advanced Estate Planning Tax Strategies for High-Net-Worth Individuals

  • Parkview Partners Capital Management
  • 2 days ago
  • 3 min read

For high-net-worth families, advanced estate planning tax strategies go beyond a basic will. A coordinated plan may help preserve wealth, manage potential tax exposure, and support a smooth transfer of assets to future generations. This overview highlights common estate planning techniques for discussion with your professional advisors.


Understanding Advanced Estate Planning Tax Strategies


Traditional estate planning often relies on wills and revocable trusts. At higher asset levels, however, additional estate planning tools may be considered to address federal estate, gift, and generation-skipping transfer (GST) taxes. The right approach depends on your balance sheet, family dynamics, risk tolerance, and long-term wealth transfer goals.


Implementation checkpoints:


  • Clarify objectives (beneficiaries, timing, control, philanthropy).

  • Inventory assets and liabilities to understand potential tax exposure relative to current exemptions.

  • Coordinate among your financial advisor, estate-planning attorney, and tax professional.


ree

Using Irrevocable Trusts for Potential Tax Efficiency


Irrevocable trusts are frequently evaluated when the objective is to remove future appreciation from the taxable estate or address liquidity needs.


  • Grantor Retained Annuity Trust (GRAT): Transfers assets to a trust in exchange for an annuity over a set term. If trust assets outperform the IRS rate, some appreciation may pass to beneficiaries with reduced transfer-tax impact. Results depend on performance, timing, and documentation.

  • Irrevocable Life Insurance Trust (ILIT): May keep life insurance proceeds outside the insured’s taxable estate, potentially helping heirs cover estate taxes or equalize inheritances. Requires careful administration (policy management, premium gifts, Crummey notices).

  • Spousal Lifetime Access Trusts (SLATs) or Dynasty Trusts: May provide long-term control and multigenerational planning flexibility.


Keys to execution: Proper funding, contemporaneous documentation, and awareness of trade-offs (loss of control, administrative oversight, irrevocability).


Strategic Gifting and Valuation Considerations


A well-structured wealth transfer strategy can gradually reduce estate size over time.


  • Annual exclusion gifts: The IRS sets an annual exclusion each year. Regular gifting within this limit may shift appreciation to beneficiaries without requiring a gift-tax filing. Confirm current amounts with your tax professional.

  • Valuation discounts: When transferring interests in a business or real estate, discounts for lack of control or marketability may apply if supported by a qualified appraisal. These discounts are fact-specific and should be coordinated with professional advisors.


Good practice: Keep detailed records, obtain qualified appraisals, and align gifting with overall estate planning and cash-flow needs.


Charitable Planning as Part of an Estate Strategy


Charitable giving can be integrated into estate planning tax strategies to support philanthropy while addressing transfer and income-tax objectives:


  • Charitable Remainder Trust (CRT): Donor contributes assets, receives an income stream for a term or life, and the remainder goes to charity. Depending on terms, donors may receive an income-tax deduction in the year of the gift and remove contributed assets from the taxable estate.

  • Charitable Lead Trust (CLT): Pays a charity for a set term, with the remainder passing to heirs, potentially with reduced transfer-tax impact depending on performance.


Coordination point: Charitable vehicles should reflect giving priorities, cash-flow needs, and broader wealth management goals.


Bringing It Together


For high-net-worth individuals, advanced estate planning is highly individualized. Scenario modeling with your advisory team can clarify trade-offs around control, timing, tax exposure, and administrative complexity. If you’d like to explore which estate planning strategies may be appropriate for your situation, consult your financial advisor and legal/tax professionals.



Investment advice offered through Stratos Wealth Partners, Ltd., a registered investment advisor. Stratos Wealth Advisors, LLC and Parkview Partners Capital Management are separate entities. Neither Stratos nor Parkview Partners Capital Management provides legal or tax advice. Please consult legal or tax professionals for specific information regarding your individual situation. Please consult with your professional advisors before taking any action. Past performance is not a guarantee of future results.


 
 
 

Comments

Financial Advisor, Investment Advisor, High Net Worth, Wealth Management, Tax Planning, Risk Management, Financial Coordination, Retirement Planning, Charitable Giving, Columbus Ohio, Parkview Partners Capital Management

291 East Livingston Ave.
Columbus, OH 43215


Phone: (614) 427-2132

Fax: (614) 427-2132

  • LinkedIn

FORM CRS

 

Privacy Policy

​

​

Investment advisory services are offered through Stratos Wealth Partners, Ltd., a Registered Investment Advisor located in Beachwood, Ohio. [www.stratoswealthpartners.com]. 

Parkview Partners Capital Management offers its financial services through Stratos Wealth Partners, Ltd., (“Stratos”), a Registered Investment Advisor with the U.S. Securities and Exchange Commission (the “SEC”) located in Beachwood, Ohio. Parkview Partners Capital Management  operates as a DBA branch of Stratos Wealth Partners, Ltd. More information regarding Stratos may be found at www.stratoswealthpartners.com. Registration with the SEC does not imply a certain level of skill or training. Public information concerning Stratos Wealth Partners is available at https://www.adviserinfo.sec.gov. A copy of the Stratos’ current written disclosure Brochure discussing our advisory services and fees continues to remain available upon request and/or on this web site at www.stratoswealthpartners.com.

​

Stratos may only transact business in those states in which it is registered or qualifies for an exemption or exclusion from registration requirements. Stratos’ web site is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of Stratos’s web site on the Internet should not be construed by any consumer and/or prospective client as Stratos’ solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by Stratos with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. A copy of Stratos’ current written disclosure Brochure discussing Stratos business operations, services, and fees is available from Stratos upon written request. Stratos does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third-party, whether linked to Stratos’ web site or incorporated herein, and takes no responsibility therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.
 
Information presented on this site is for informational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any product or security. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial advisor and/or tax professional before implementing any strategy discussed here. When you link to any of the websites provided here, you are leaving this website. The information and opinions contained in any of the material requested from this website are provided by third-parties as well. They are for informational purposes only and are not a solicitation to buy or sell any product mentioned. We make no representation as to the completeness or accuracy of the information provided by these third-party websites or third- party materials.

 

Please remember that different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment or investment strategy (including those undertaken or recommended by Stratos Wealth Partners, LTD), will be profitable or equal any historical performance level(s).
 
Certain portions of Stratos’ web site (i.e. newsletters, articles, commentaries, etc.) may contain a discussion of, and/or provide access to, Stratos (and those of other investment and non-investment professionals) positions and/or recommendations as of a specific prior date. Due to various factors, including changing market conditions, such discussion may no longer be reflective of current position(s) and/or recommendation(s). Moreover, no client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from Stratos, or from any other investment professional. Stratos Wealth Partners, LTD is neither an attorney nor an accountant, and no portion of the web site content should be interpreted as legal, accounting or tax advice.

Each client and prospective client agree, as a condition precedent to his/her/its access to Stratos’ web site, to release and hold harmless Stratos, its officers, directors, owners, employees and agents from any and all adverse consequences resulting from any of his/her/its actions and/or omissions which are independent of his/her/its receipt of personalized individual advice from Stratos.

bottom of page