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Rochester, NY 14618
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Taxes too high?

“Any one may so arrange his affairs that his taxes shall be as low as possible;
he is not bound to choose that pattern which will best pay the Treasury;
there is not even a patriotic duty to increase one's taxes.”
—United States Judge, Learned Hand

Think about that quote for just a second. We do not have any patriotic duty to voluntarily increase our taxes. If that’s the case, then wouldn’t it make sense to do everything we possibly could to reduce our tax bill. Here are several tax reduction strategies; some are simple, some are very sophisticated and you’ll want specialized help to implement them. Many of the strategies will work for income tax purposes and some will allow you to bypass Uncle Sam as a beneficiary of your estate. If you have any questions, we’d love to hear from you.


Captive Insurance Company

Advanced income tax strategy that works when your company pays high insurance premiums. Learn more.

Zero Estate Tax Reduction Techniques

If you’re in a taxable estate situation, please note that estate taxes are only optional if you plan for them. Read this case study.

Utilization of the R&D Tax Credit

Most business owners have not talked about this with their CPA. You should, learn more.

Self-Cancelling Installment Notes

Self-cancelling installment notes are a powerful tool when used within the guidelines set forth by the IRS. Read about them here.

Utilization of a Trust Protector

This strategy isn’t about tax reduction but should be utilized in every trust you create. Click here for more.

Domestic Asset Protection Trust

Have assets that should be protected? You’ll want to read this.

Group Term Life Insurance Benefits

Group life insurance is a type of life insurance in which a contract covers an entire group of individuals. Click here to learn more.

Private Annuities

Under the right circumstances, a private annuity can provide excellent wealth management opportunities. Here’s what to consider. Read this, click here.

Family Limited Partnership/ Family LLC

Commonly called FLPs, Family Limited Partnerships are a tool to move wealth from one generation to another. Click here to read more.

Maximizing NYS Tax 529 Tax Deduction

Parents can avoid paying taxes on withdrawals when their kids start college. In New York State, and many others, parents can get a tax break on contributions as well. Learn more.

Spousal Lifetime Access Trust

Used alone or in combination with other estate planning techniques, the Spousal Lifetime Asset Trust is a powerful tool when constructed and maintained properly. Read more.

Key Employee Insurance

Could your business survive without you or other key employees? Most couldn’t…read this.

Creation of a Family Bank Trust

This technique is reserved for those families willing to do the work necessary to manage this exciting financial planning technique. It is not a bank in the traditional sense. It is designed to provide high risk, low interest loans to the family for generations. Want to learn more? Click here.

Buy/ Sell Agreement That Covers all 5 D’s: Death, Disability, Divorce, Disaster and Disagreement

Death of a partner isn’t the only thing to consider when creating a buy-sell. Read on…

Charitable Giving as a Family Asset

The more I learn about philanthropy within families, the more I am certain that it’s an asset that should be on every families balance sheet. Learn more.

Alternative Qualified Plan Solutions

Qualified plans are the best place to save money but one of the worst when it comes to passing it to the next generation. This concept may be worth learning about for clients with large qualified plan accounts. Learn more.

Discounts for Lack of Control/ Marketability

Often contested, but very effective when done properly, a discount for lack of control or marketability could substantially reduce your taxable estate. Read this article.

Cost Segregation Study For Real Estate

Any time you utilize an advanced tax reduction strategy keep in mind that the IRS may take an opposing view. In other words, do not try any of these strategies without the help of a specialist. If you own a lot of real estate…read this.

Family Residence Joint Purchase Trusts

Want to remove the value of a piece of real estate from your taxable estate? Here’s one alternative to the traditional Qualified Personal Residence Trust. Both have pros and cons…read more here.

Intentionally Defective Grantor Trusts & Sales to an Intentionally Defective Trust

Estate tax strategists have long employed intentionally defective grantor trusts to freeze the value of an asset for estate tax purposes while transferring assets out of the estate free of gift tax. See more…click here.