Eliminate all taxes legally forever
The Law Office of Thomas J. Swenson provides custom legal services for tax-efficient wealth building and wealth preservation, domestic and international asset protection, estate planning, business planning and intellectual property law. Clients receive expert attention to their legal, business and financial matters.
Knowledge of domestic and offshore trusts and business entities (e.g., LLCs), U.S. tax laws and tax-efficient investments enables innovative crafting of integrated wealth building and wealth preservation structures. For example, in full compliance with U.S. tax law, an irrevocable life insurance trust (ILIT) holding a life insurance policy provides a life insurance benefit, asset protection, tax-free cash-value growth, tax-free policy withdrawals and loans, and generational wealth transfer free of income, estate and generation skipping transfer (GST) taxes. With individual lifetime gift tax and GST tax exclusions currently set at $13.6 million, $27.2 million per couple (until 2026, unless reduced sooner), now is the time to fund an ILIT dynasty trust. Consider an ILIT owning PPLI (Private Placement Life Insurance) for offshore asset protection, portfolio diversification and upside market potential. An international LLC can provide asset protection like an irrevocable trust, but at a fraction of the cost and without being irrevocable. Transfers of assets into domestic or offshore structures protect businesses and family wealth against unjust court judgments, angry ex-spouses and financial mismangement.
