Organizing Your Tax and Estate Strategy

At Foronjy Financial, wealth management isn’t just about investments—it’s about creating a strategy that considers your entire financial picture. Tax and estate planning play a central role in that process, helping to preserve what you’ve built and direct it with intention. Whether you’re focused on growing wealth, minimizing taxes, or preparing to transfer assets, a thoughtful plan can help ensure your resources are used in ways that reflect your goals and values.

Estate tax and inheritance tax laws can be complex—and they change. Understanding how these rules apply to your situation can make a significant difference in how your assets are preserved and transferred. Foronjy Financial helps clients review:

• Federal and state estate tax exposure
• Inheritance tax implications for beneficiaries
• Gifting strategies that utilize the annual estate and gift tax exemption efficiently
• How charitable giving or trust structures might reduce your estate tax rate
  

By proactively addressing these areas, we can help you build a strategy that balances generosity with tax efficiency.

Taxes impact nearly every financial decision—from when to sell an investment to how to structure retirement income. Our approach to wealth management focuses on:

• Tax-efficient investing, such as asset location strategies and harvesting tax losses when appropriate
• Retirement withdrawal sequencing that helps reduce unnecessary taxes
• Charitable giving strategies that align generosity with tax benefits
• Coordination with estate planning to prevent unintentional tax consequences for heirs

Look, minimizing taxes isn’t about cutting corners—it’s about planning ahead. A well-crafted strategy allows you to keep more of what you’ve earned working toward your long-term goals.

As a fiduciary firm, we put your interests first—always. Our wealth management process is grounded in collaboration, transparency, and thoughtful planning. We work hand-in-hand with your tax and legal professionals to design strategies that evolve with you, adapting as life and laws change.

What’s the difference between estate tax and inheritance tax?

Estate tax is levied on the value of an estate before distribution to heirs, while inheritance tax is paid by the recipients on what they inherit. California currently has no inheritance tax, but it’s worth considering if your heirs live elsewhere.

How does the estate and gift tax exemption work?

The federal exemption allows you to give or transfer a certain amount during your lifetime or at death without paying federal estate or gift tax. Strategic gifting can help reduce your taxable estate.

Is there a tax on a gift?

Generally, gifts under the annual exclusion limit aren’t taxed. Larger gifts may count against your lifetime estate and gift tax exemption. We’ll help you understand the implications for your overall plan.