Thomas J. Handler, Managing Partner of Handler Law LLP, recently joined host Jim Fried on Fried on Business to discuss wealth protection, tax policy, and why proactive planning matters more than ever for affluent families and family offices.
Recognized as one of the world’s Top 50 advisors to family offices, family businesses and other family enterprises, Tom brought a global perspective to the conversation, weaving together tax trends, policy changes and practical strategies for high-net-worth families. Tom has appeared on Jim’s Wall Street Network radio show and business podcasts many times over the years.
Key Takeaways from the Conversation
Wealth Moves and Tax Policy Drives It — Affluent families “vote with their feet.” When states impose new millionaire or billionaire taxes, entrepreneurs and family offices relocate, taking jobs, investment and charitable dollars with them.
Property Taxes Function Like a Wealth Tax — Real estate taxes force owners to pay repeatedly on property they already own. In high-tax jurisdictions, nondeductible property taxes can significantly impact where families choose to live and invest their assets.
The Current Federal Tax Environment Remains Favorable — The extension of the Tax Cuts and Jobs Act maintains historically high estate tax exemptions, steady income brackets and beneficial capital gains thresholds. The landscape is stable, but planning opportunities remain time-sensitive.
Risk Management Is Becoming Essential — Families are responding to rising safety concerns, litigation risk and regulatory scrutiny by expanding insurance, strengthening asset protection structures and reassessing where they keep assets and residence.
Don’t Wait for December, Start Planning Early — Many powerful strategies require time to execute. Beginning your planning early in the year preserves more options, improves coordination and yields better long-term outcomes.
How Handler Law Can Help
Handler Law LLP advises ultra-high-net-worth families, family offices, and closely held businesses on sophisticated tax, estate and asset protection strategies designed to:
- Preserve and grow family wealth over multiple generations.
- Manage risk across entities, jurisdictions and asset classes.
- Align governance, succession and philanthropy with each family’s values and objectives.
If you’d like to discuss how these themes apply to your family or family office, please contact us to schedule a confidential consultation.
To hear the full conversation between Thomas Handler and host Jim Fried on Fried on Business, listen to the episode embedded above.