How you handle your taxes can have a substantial impact on your long-term wealth. Your goal with tax mitigation is to minimize the tax impact on your financial picture while ensuring the cash flow that your family requires. By doing so, you effectively enhance your wealth.
Here we provide a framework for effectively thinking about and planning how to minimize taxes, along with some specific strategies that may be appropriate for your situation. Given the ever-shifting nature of tax law, however, this may be an area where it is particularly worthwhile to seek the assistance of a qualified professional.