The beginning of a new year is always a good time to think strategically about taxes, your estate plan, charitable giving and trusts, to name a few. This is especially true in 2018. Top-of-mind here at Laird Norton Wealth Management is the new tax law, which went into effect Jan. 1, 2018 (for most provisions). For many high-net-worth families and individuals, the new tax law is likely to have wide-ranging implications. Find out how and why in this Q&A with Kristi Mathisen, LNWM’s Managing Director of Tax and Financial Planning.
BTW: We pay close attention to taxes every year, not just 2018, because tax efficiency can enhance the net return across our clients’ entire asset base, not just their investments. This may not seem apparent in a year like 2017, when most equity markets performed very well. But, over the course of many years, we find astute tax management and strategies can result in real savings that add to total return.