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After decades of hard work as a land developer, building $40 million net worth, and years of 1031 exchanges to avoid capital gains taxes, Jay and his wife, both 67, need to protect their wealth from litigation and taxes and realize a comfortable monthly income to enjoy retirement. The couple lay awake at night, worrying about unprotected assets in a litigious industry, missing out on capturing equity in a booming real estate market and, more importantly, outliving income. ADVICE RECEIVED FROM CURRENT ADVISERS Jay and Elizabeth were told to sell these assets and pay $9 million in capital gains taxes to generate monthly retirement income. They were told to pay the tax and be happy that they had such great fortune. Assets remained exposed to liability, and upon their deaths their children would pay over $10 million in estate taxes. REYES CONSULTING SOLUTION Reyes Consulting created a tax solution that legally saved Jay and Elizabeth $9 million in taxes. Now, Jay and Elizabeth will enjoy life and retirement with an income of more than $3 million per year, and their wealth is protected from lawsuits and creditors. In the meantime, the $9 million savings grows and adds to their wealth. Further, their children will inherit assets free of estate tax.
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