Advanced Tax and Estate Planning: Beyond Traditional Wealth Management

By Derek Myron, CFP?, Managing Director of Centura Wealth Advisory

When managing significant wealth, traditional strategies alone are not enough. For Ultra-High-Net-Worth (UHNW) families, the complexities of tax obligations and estate planning require a deeper, more tailored approach. At Centura Wealth Advisory, we go beyond traditional wealth management by offering advanced tax and estate planning solutions designed to optimize wealth efficiency and ensure lasting legacies.

The Need for Advanced Planning

UHNW families, particularly those with net worths exceeding $10 million, face intricate financial landscapes that demand sophisticated planning. These families often have complex asset structures, including businesses, real estate, and various investments. Navigating the tax implications of these assets and ensuring they are properly transferred to the next generation requires expert guidance and a proactive strategy.

At Centura Wealth Advisory, our core focus is helping UHNW families explore and implement strategies that lead to better wealth outcomes. Through advanced tax planning, we identify opportunities to reduce, defer, or mitigate tax liabilities and organize wealth to increase efficiency. Estate planning, on the other hand, is designed to protect your legacy, ensuring that your wealth is transferred according to your wishes while minimizing estate taxes.

Wealth Efficiency Through Advanced Tax Planning

One of the key ways Centura goes beyond traditional wealth management is through our Wealth Efficiency process. We pride ourselves on employing creative wealth enhancement strategies to uncover families’ wealth by reviewing financial services and strategies across the entire family picture. There are often numerous strategic and tactical financial planning gaps that go unnoticed by both the family and their financial partners. Our team works to identify big and small opportunities to reduce tax obligations and financial expenses. By collaborating with leading tax, legal, and risk management professionals, we help ensure that no opportunity for savings or wealth protection is missed.

For instance, we explore advanced techniques like grantor trusts, generation-skipping transfer tax (GST) planning, and family limited partnerships (FLPs) to help families maximize their wealth transfer while minimizing taxes. These solutions go beyond what many traditional wealth managers offer, positioning your family for long-term financial success.

Estate Planning for Generational Wealth

Estate planning is about more than transferring assets. It’s about aligning your wealth with your family's values and purpose. At Centura, we focus on Wealth Purpose, ensuring that your estate plan reflects your family’s goals and long-term vision. Our approach includes unpacking your family’s dreams and clarifying how your wealth should support those aspirations.

We work with your trusted advisors to create an estate plan that doesn’t just protect your assets—it protects your legacy. Our team collaborates with legal and tax professionals to ensure your estate plan is tax-efficient and structured to safeguard your wealth for future generations. Whether through dynasty trusts, charitable giving strategies, or family governance structures, we help lessen the burdens of wealth while ensuring it aligns with your family’s purpose.

The Centura Difference

At Centura Wealth Advisory, we don’t just offer tax and estate planning—we offer a comprehensive, advanced approach that ensures wealth efficiency and purposeful legacy planning. Our experience working with UHNW families gives us the insight to identify opportunities traditional wealth managers might miss. By focusing on advanced strategies and collaborating with top professionals, we help liberate your wealth, protect it from loss, and enhance its value for generations to come.