High Net Worth Estate Planning Series

Family Office – Tax Strategies for Investment Expenses

Guest: Daniel Gerety and David Holmes
Daniel is the President of Gerety & Associates in Las Vegas, NV and also a CPA. 

David Holmes, is a director with Gerety & Associates.

March 28, 2023

On today’s episode our host Mary Vandenack, CEO, Founder and Managing Partner at Vandenack Weaver Truhlsen, talks to Daniel Gerety, President and CPA with Gerety & Associates, and David Holmes, a director with Gerety & Associates, about structuring a family office to deduct investment expenses.  In 2017 two things happened:  the Lender Management LLC case and the Tax Cuts and Jobs Act.  How did these changes make the family office into a tax-efficient structure?  How does a family office meet the active trade or business rules of the IRC?  Tune in and learn the answers to these questions and more.