The Holding Class Private reviews · South Florida Request a reviewApply

Same tax code.Different playbook.

The Never-Sell Review

The top 0.5% keep more of what they build and lose less of it to tax. They don’t earn their way there. They hold, borrow and own differently.

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Thirty minutes. Private. By application.

01The playbook

Rich people sell. The holding class borrows.

Same assets. Same tax code. The difference is what happens when money is needed.

The earning classThe holding class
When cash is neededSells, and pays tax on the gainHolds, and borrows against what it owns
How retirement is fundedOne source, taxed at whatever rate applies that yearSeveral sources, drawn in the order that costs least
What heirs receiveWhat is left after the salesAssets passed on at a stepped-up basis
How it is ownedIn a personal nameThrough entities and trusts built for transfer

Loan proceeds are not income. Under IRC §1014, inherited assets take a basis equal to their value at death. See ProPublica, “Buy, Borrow, Die” (2021).

02The way out

Whatever funds your retirement meets tax on the way out.

Florida has no state income tax. Federal tax still takes its share. The question is how much, and whether you chose it.

Exhibit AHow each source is taxed on the way out
A business, soldMostly capital gains; some of it can be ordinary income
Property, sold at a gainCapital gains, plus recapture of depreciation taken
Stocks and funds, soldCapital gains on what is sold
Pre-tax savingsOrdinary income, required from age 73, or 75 if born in 1960 or later

What the holding class adds

Borrowing against what you ownNot income
Assets held for lifeHeirs’ basis steps up to value at death

General rules, simplified. See IRC §1014 and IRS Publication 590-B.

03The review

Three numbers. Thirty minutes.

The Never-Sell ReviewSample
Prepared for
County
Palm Beach
Format
Thirty minutes, on Zoom
  1. 01Retirement tax exposure$
  2. 02Liquidity gap$
  3. 03Never-sell list assets

Estimates for planning. Educational only; not tax or legal advice.

01

Retirement tax exposure

Roughly how much of what funds your retirement goes to tax on the way out: a business sale, real estate, investments or pre-tax savings.

02

Liquidity gap

What your heirs would owe, when it would be due, and whether there is cash to pay it without selling.

03

Never-sell list

The assets you could hold for life and borrow against instead of selling.

04A South Florida story

1990

A Miami football founder dies owning his team and his stadium.

1994

His family sells both. Of a reported $109 million, $43 million goes to estate tax.

An estate held in illiquid assets. A tax due in cash. Heirs divided over control. Each of those is a design question, and each can be answered decades before it is asked.

As reported by Sports Illustrated (2015) and Trust Counsel (2020).

05How it works

By application.

  1. 01

    Request

    A short form. Under a minute.

  2. 02

    We call you

    Within one business day, to set a time. We hold a limited number of reviews each week.

  3. 03

    Thirty minutes, on Zoom

    You leave with your three numbers, whether or not we ever speak again.

JupiterWest Palm BeachBoca RatonFort LauderdaleMiamiNaples
Coastline © OpenStreetMap contributors

Where

Six cities. Two coasts.

Reviews are held on Zoom for owners, professionals and families in Miami, Fort Lauderdale, Boca Raton, West Palm Beach, Jupiter and Naples.

Designed for $1 million or more beyond the home. Business equity counts.

Most families learn these numbers after a death or a withdrawal. You don’t have to.

Request a Never-Sell Review

Thirty minutes. Private. By application.