She is a successful young executive, and she is paying a lot of tax. We designed a private foundation for her and bought a life insurance within the foundation. We helped her budget her cash flow and bought a new house. We helped her to plan to rent out her current primary home for three years and sell it to take advantage of the primary residence capital gain tax exemption of $500,000. In the future, she can play this game again. If she does not want to move, she can use 1031 exchange to tap into her rental property equity. In the meanwhile, she is getting large amount of tax write offs from donation, cost segregation, and bonus depreciation etc.
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