Tax-Efficient Estate Planning Strategies

Strategies to help you minimize your taxes

Strategies to help you minimize your taxes

 

For high-net-worth individuals and families, maximizing what you have earned often requires taking steps to minimize your tax liability. Explore the insights below from the Private Wealth Management team at Commerce Trust to learn about different types of trusts and their tax benefits, tax-efficient ways to give gifts to family, and charitable giving strategies that may lower your tax liability. If you would like to learn more about our estate planning and tax management capabilities, fill out the contact form below to connect with a Commerce Trust wealth management consultant.

 

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Featured Articles

Aerial view of green forests and blue lakes and rivers in summer

Donating assets to charity not only supports philanthropic causes but can also lead to tax savings for high-net-worth donors and their families.

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Looking out from inside cave towards ocean and small island piece of land in the distance

Different types of trusts are suitable for specific purposes. Learn the tax benefits of some commonly used trusts and how they may fit into your estate plan.

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Drone view of a family walking along beach by the ocean

Giving gifts to family members has advantages for both the recipient and the donor. These strategies can maximize the financial benefits of your gifts.

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Resources

 

Gold line icon of houseCredit Shelter Trusts Versus Portability

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Irrevocable Life Insurance Trusts (ILITs)

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Gold line icon of man in tieSpousal Lifetime Access Trusts (SLATs)

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Gold line icon of dollar bill with two lines above itIntentionally Defective Grantor Trusts (IDGTs)

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A Team of Specialists Working Together For You

Led by your relationship manager, your multi-disciplinary team will collaborate to offer guidance on a wide range of wealth management needs that takes into account your holistic financial picture.

Wealth Management

Wealth Management Consultant


Initially evaluates your situation, gathers information, presents our capabilities and assembles the in-house team. 

Financial Planner

Financial Planner


Works in coordination with your other Commerce Trust advisors to deliver objective financial planning advice and customized planning strategies to meet your needs.

Private Client Advisor

Private Client Advisor


Helps you develop a financial roadmap based on your personal and family goals and is responsible for coordinating the efforts of other team members and external advisors, such as your estate planning attorney and accountant.

Portfolio Manager

Portfolio Manager


Creates and monitors your investment portfolio based on your objectives and risk tolerance.

Private Banker

Private Banker


Aligns your banking needs with other aspects of your plan, from sophisticated financing to daily checking, savings and credit card needs.

Specialty Services Advisors

Specialty Services Advisors

Families with significant wealth may employ the services of Commerce Family Office. Our specialty services also include expertise on complex assets such as business ownership, residential, commercial and farm real estate, oil, gas and mineral management.

  • Commerce Family Office
  • Family Business Planning Solutions
  • Residential Real Estate Management
  • Commercial Real Estate Management
  • Farm Real Estate Management
  • Oil, Gas and Mineral Asset Management

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