Case Study #7
A client referred to us by his attorney received a lump sum distribution from his retirement plan in the amount of $1,200,000. The client did not want or need the money and was very distraught over having to pay taxes on it.
Brighton Advisory Group created an entity in which the client was able to establish a pension plan allowing for a contribution of $400,000. In addition, Brighton Advisory Group set up a Family Limited Partnership which not only protected the assets in the partnership, but also provided for deep discounts.
The partnership was then contributed to a charity, which satisfied the client’s philanthropic desires. A portion of the tax saving was used to replace some of the assets given to the charity. The replacement assets were then left to the client’s children income and estate tax-free.
(Savings over $600,000)
5704 Lindley Ave, Encino CA, 91316
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