• A Comfortable Retirement
• Medical Practice Turnaround
• Client Saves $1 Million

Our client was a woman in her nineties with three grown children. She was offered $3 million for her land just outside the Portland metropolitan area which had been in the family for some nine decades. The offer was exciting but it caused a lot of disagreement among the family members as to how and when to proceed.

The family approached Jones & Roth for help and over the course of a year we worked closely with the family and their attorney to find the right solution for our client. The meetings were often very difficult since everyone had a different opinion about what to do with the money. We finally broke the impasse by helping our client, the mother, verbalize her values and clarify her wishes concerning the land sale.

We saved the family approximately $1 million in taxes on the sale by using a combination of charitable gifts and a 1031 Exchange. The tax savings will significantly impact the lives of the grand children and great grandchildren. In addition, we were able to save our client some $170,000 in potential taxes on an endowed life insurance policy by rolling the proceeds into three separate annuities for the children. The tax-free transfer provides a lifetime income stream for each child which provides them with financial freedom and a more comfortable retirement.