By Wednesday, most of our clients will have filed or extended. If that’s where your tax planning ended this year, there are likely opportunities you haven’t captured.
Here’s the question we’d ask any high-net-worth family right now: when was the last time someone actually ran the numbers on your estate plan, your gifting strategy, or your Roth conversion window? The rules changed last year. The One Big Beautiful Bill Act permanently raised the federal estate and gift tax exemption to roughly $15 million per person — $30 million per couple — made the 20% QBI deduction permanent, and lifted the SALT cap to $40,400 for 2026, with a phase-out starting at $500,000 of MAGI. The Fed is holding rates at 3.5%–3.75%, with maybe one cut this year. Every one of those numbers changes a decision you’re already making — or quietly avoiding.
Planning for HNW families isn’t a once-a-year event. It’s a running conversation about gifting, trusts, entity design, cash flow, and the tax drag on your portfolio — the stuff that actually moves the needle on after-tax wealth.
We’d rather have that conversation in April than watch you scramble in December. Give us a call.
For informational and educational purposes only. Not investment, tax, or legal advice. Lake Hills Wealth Management is a Registered Investment Advisor registered with the Securities and Exchange Commission. Registration as an investment adviser does not imply a certain level of skill or training. Our current Form ADV, Part 2A is available at adviserinfo.sec.gov.