High Net Worth

At KN+S all of our clients are valued greatly and many have worked hard and have been fortunate to create great value as well. While the amount and nature of a clients’ wealth varies, all high net worth clients have complicated issues ranging from how to diversify (i.e., when most of their net worth is tied up in a closely held business) to how to preserve, grow and transfer wealth to future generations, and, in many situations, how to leave a legacy for philanthropic purposes.

KN+S has a group of specialized professionals that work with high net worth clients. We have experience with evaluating and implementing income and estate tax strategies designed to maximize the after-tax consequences. KN+S does NOT manage money for the client for a fee like other firms do because that is not where our expertise lies. What we do, however, is to coordinate a professional team approach with the clients’ key financial and legal advisors, with our clients’ needs as the centerpoint.

Services rendered to our high net worth clients vary immensely but include some of the following:

  • Stock option and stock planning
  • Income tax strategies and year end planning
  • Estate and gift tax planning and related tax filings
  • Analyzing selling or retaining the business – what’s best?
  • Utilization of charitable trusts
  • Generation skipping trusts
  • Tax deferred sale to an Employee Stock Ownership Plan
  • Gift transfer of discounted family limited partnership interests
  • Roth IRA conversions
  • Qualified personal residence trusts
  • Education trusts
  • Tax deferred real estate transfers
  • Installment payment plans for estates with closely held businesses