Welcome To The Mini Family Office™
We Help Individuals Gain Robust Asset Protection, Tax Reduction, and Wealth Management Strategies Under One Roof
Learning how to make and grow money and wealth is one thing. Learning how to protect, preserve, and pass-it on in the most tax-efficient and legally protected way is a who different game.
Every dollar you earn, inherit, invest, and pass-on is subject to multiple layers of taxation - some are taxed during your life and some are taxed at your death. This concept is depicted in a concept that we refer to as The Tax Iceberg™, portrayed in the picture below.
The lions share of individuals in the United States (70%) are so caught up in deferring or lowering the taxes found "above the surface" (income and capital gains taxes), that they completely fail to address or consider the hidden layers of taxes that lurk beneath the surface, and surface at the time of your death.
Only 30% of Americans have reported as having a will in place - a will is subject to all those layers of "death taxes" under the surface. And, if you have a revocable trust in place, the only cost or tax you may circumvent in the process is the "probate" portion - All the other tax rules still apply.
Here's the unfortunate part - It's your beneficiaries and loved ones who have to tackle complex probate court proceedings, legal costs, delays, and a plethora of taxes and costs before they can receive your wealth - you are not going to be there to deal with these matters.
At the Mini Family Office, we create robust Estate and Tax Startegies that address above the surface taxes, below the surface taxes, as well as alternative systems to remove and shrink the size of your estate, leveraging gifting laws and donation rules. This approach ensure your "real beneficiaries" do not have to deal with the "silent beneficiary" (IRS + Probate court) who may come knocking for 20-40% of your entire net worth (your estate).
We Help You Align Legal, Tax, And Financial Strategies Under One Roof
Press play to watch the video below
What Are The Hidden Costs Of Not Aligning Legal, Tax, And Financial Decisions?
Want to know what happens when your advisors and experts are not working together in a coordinated and aligned manner: Just take a look at the pictures below - they depict the grim reality that your "real beneficiaries" will have to deal with!
The Mini Family Office™ Approach ensures that your heirs don't have to deal with "The Silent Beneficiary™"(IRS and probate court) all by themselves, on the worst day of their lives: right after the death!
Even if your beneficiaries manage to win lawsuits and recover some overpaid taxes, is that really what you want for them? Facing lawsuits against the IRS and dealing with government lawyers and judges can take years, spanning multiple courts—probate, tax, and even the Supreme Court.
You probably don’t want your children or grandchildren enduring years of stressful litigation. That’s why we created the
Mini Family Office and partnered with law, tax, and finance professionals to prevent these situations. A bit of strategic planning now can help you avoid, or at least minimize, the taxes, costs, and delays these "death taxes" can impose!
These are the situations that we try to solve at the Mini Family Office™.
Mini Family Office™ Was Designed To Help You Align Your Legal, Tax, and Financial Strategies In Order To Thrive On All Fronts
Estate planning strategies
We offer a broad range of estate planning tools, including:
Simple estate plans
Complex estate plans
Drafting and filing
Consulting and advisory
Review of existing structures
Wills, trusts, and foundations
Comprehensive tax strategies
The Tax Iceberg Approach helps you create entities to legally reduce:
Income taxes
Capital gains taxes
Probate & inheritance tax
Estate, gift, GST taxes
Evaluate alternative structures
Excise taxes 1.39% + Donations 5%
Business & investing strategies
We offer a range of business and nonprofit services:
Incorporations and LLCs
Partnership structures
Business and IP trusts
Nonprofit In A Box™
Asset buying, holding, selling
Strategic business exits
Our Main Mission Is To Help You And Your Family Create And Leverage The Structures That Provide Peace Of Mind And Happiness, Not Hefty Tax Bills And Legal Stress.
Here is one final thought for you (whether you choose to work with us or not)...
Do you believe that your marketing experts, business lawyers, financial advisors, insurance agents, business coaches, or real estate agents are going to assist your children or grandchildren with the wealth transfer process and the different "silent beneficiaries" that are going to show up at your death - IRS, probate courts, creditors, etc.?
It's highly unlikely that will happen. While probate lawyers and executors may guide them through the court process, they generally don’t offer the legal, tax, or financial strategies needed to manage the wealth your beneficiaries will inherit from you, after paying the taxes and legal costs due. On top of that - your children might find themselves with assets and cash they don’t understand how to use, invest, or protect - fortune get "flushed clean" in this manner!
Worse, if they’re hit with hefty tax bills and legal fees, along with the stress of court dates and potential IRS lawsuits, they might be forced to "liquidate" the estate just to settle debts or get rid of the headache and stress.
And, there is a good chance that your children might already be successful and are building their own wealth by the time "inherit" your wealth (at your death), which means that all you've added is extra stress on top of the stress that they might be dealing with in their "mid-life" years (30s, 40s, or 50s): children, businesses, martial issues, financial commitments, career goals, etc.
The estate sales and probate auction industry thrives on this, often acquiring assets for pennies on the dollar from overwhelmed heirs who feel they have no choice but to sell.
In two decades of working in the legal industry, we have all these situations - these examples are not just "amazing copyrighting and marketing pitches" by our team- they are the day-to-day real-life examples that people all around you are going through every single day!
Take off a day and attend the local probate court in your city to see these exact situations play out - it's nasty!
Imagine leaving your kids with these memories! Worse - imagine if your children get into bitter legal battles and start suing each other because they disagree with the "inheritance" they are receiving or what should be done with the "assets" or "cash" that is being left to them!
I have watched my own family members go through these internal disputes which have ended up in families estranged due to poor estate and tax planning on your part - these are the unfortunate memories that my own grandfather left behind for my parents to deal with! It was unplanned, unintentional, and had he known that was the reality, he might have even donated all of it to charity instead!
It’s up to you to establish the right systems now and pass on the wisdom you’ve gained so your family can protect—and even grow—the financial and philanthropic legacy you’ve created. We can help you set up the estate, tax, and legal systems that will safeguard your loved ones and prevent these situations from happening. We provide the legal structure and tax strategies, and also provide the educational resources and mentorship, as well as connect you with the different experts who can assist in all these matters.
The goal: peace of mind, stress-free asset transfer, lower taxes, charitable impact, and memories that don't involve court dates and bitter battles among siblings and family members!
The only guarantees in life are death and taxes - this is not just business for us, this is personal, we're all on the same boat my friends!
To Your Success,
Sid Peddinti, Esq.
Schedule A Call To Create A Robust Roadmap That Tackles The Tax Iceberg With Confidence
© 2024 Mini Family Office™, The Tax Iceberg™, The Silent Beneficiary™, and Nonprofit In A Box™ are copyrights and trademarks owned and created by Law Firm In A Box™. All Rights Reserved. Copyrighted Material. No legal, tax, financial, or investment advice provided or contained.