Sustain, enhance, and protect your wealth
Deloitte’s committed team builds client service relationships that span decades and generations by providing innovative solutions to address our clients’ ever-evolving needs and circumstances. We are highly valued as trusted private wealth advisers with deep knowledge, broad experience, and a large domestic and global network of professionals to leverage as our clients’ goals change.
How Deloitte can help
Deloitte has been discreetly serving high net worth individuals, families, and their enterprises for more than 100 years. As a trusted advisor to many of the world’s most affluent families, family offices, and private trust companies, we bring significant experience and integrated service capabilities to our clients. We deliver a global network of resources and a world-class level of knowledge and experience tailored to each family’s unique and personal circumstances.
Our experience in this specialized field informs us that clients like you expect service providers to bring to the table a team of professionals with relevant experiences and perspective. One of the valuable benefits we can bring to you is our experience working with clients of similar stature, complexity, and issues. Our goal is to leverage the deep experiences of our professionals to advise you and your family for generations to come.
Whether you are growing or selling your business, considering what assets you want to pass to future generations and charities, or evaluating the creation of a family office, we will share our knowledge and experiences so that you can feel educated and confident in the decisions you make to secure the legacy of your family.
Income Tax Planning and Compliance
Income taxes, with ever-changing rules and regulations, often represent the most complex area of business and personal financial planning for the ultra-wealthy. They affect virtually every aspect of your financial situation, so it is important that you conduct informed tax planning year-round, and in some circumstances, on a multiyear basis. We provide guidance about the possible impact of current and proposed tax legislative and regulatory conditions on your business and individual financial goals. We can help you explore potential tax-savings opportunities and prepare for changes in the tax and economic climate.
Experienced in addressing the complex issues of ultra-high-net-worth individuals, their families, family offices, and other enterprises unique to the ultra-wealthy, we can analyze and evaluate the potential tax consequences of various business and personal wealth decisions, always keeping in mind your tax, business, and personal objectives. We can also assist with tax examinations, drawing on specialists from our Tax Controversy Services group.
Wealth Transfer Planning
The planning associated with the transfer of wealth is as essential as that associated with the wealth's creation and maintenance. Without proper planning, problems with property, wealth distribution, and taxes could impact your goals and ultimately deplete your wealth.
We are experienced in the many facets of wealth planning. We can help you explore considerations for an overall estate plan, as well as your decisions regarding the basics. Our broad-based guidance can help you make informed decisions on charitable planning, private trust companies, and other appropriate wealth transfer vehicles for your situation now and in the future. We provide guidance to help you make long-term planning decisions in terms of wealth transfer vehicles such gifting and charitable donations as part of your overall wealth planning picture and long-term legacy. Our Washington National Tax Group is central to our team’s current knowledge and deep experience in managing decision in the midst of the ever-changing rules and regulations in this area of tax and wealth planning.
For many reasons, ultra-high-net-worth individuals and families often consider establishing a family office to manage their investment, tax, and wealth planning considerations in a cohesive way. These families also tend to have a global outlook on their business and investment interests. So it is important that external advisers are capable of delivering integrated, multijurisdictional, cross-discipline services. Perhaps nowhere is this more crucial than in establishing and managing a family office.
Whether supporting a family in establishing a new family office, or assisting with the operating model of an established family office, we help families with this process by analyzing specific families’ circumstances. We tailor services and recommendations to develop appropriate governance plans and tax-efficient operating structures, as well as assisting them with the design and implementation of supporting information technology (IT) strategies. We also provide regular analysis of the entity structure in light of ongoing changes to regulatory tax laws. We can recommend updates for governance structures and internal procedures, refine IT capabilities and processes to address tax compliance reporting and other obligations.
Art and Finance
The Deloitte Tax Art and Finance Group is passionate about helping our clients structure and maintain their art collections in a tax efficient manner. Individuals, family offices and asset managers are increasingly interested in art and collectibles as a diversification tool in investment portfolios. Yet many individuals and families also appreciate art for the non-monetary emotional and societal value it represents. Deloitte’s network of member firms has a global reach that allows us to provide services to clients in the U.S. market and abroad to address the complex tax-related issues of owning and investing in art in the global market.