Key Tax Planning Considerations for High Net Worth Individuals

High‑Net‑Worth Individuals
Executives and Professional Athletes

High‑income earners often face concentrated and unpredictable income streams. Executives may receive bonuses, incentive pay, or equity compensation, while professional athletes often earn large amounts over relatively short careers, sometimes across multiple states.

Key tax planning considerations include:
  • Managing the timing of income to reduce exposure to higher marginal tax rates
  • Planning for bonuses, contracts, and incentive compensation before payments occur
  • Addressing multi‑state tax obligations tied to travel, performance, or remote work
  • Coordinating tax strategy with long‑term wealth and legacy planning
Effective tax planning helps transform peak earning years into lasting financial stability.