Andrew is responsible for developing customized wealth management strategies and financial plans for prominent individuals, families, and business owners throughout Harrisburg, Pennsylvania. His areas of expertise include estate and retirement planning, insurance planning, investment planning, education planning, business succession planning, legacy planning, and philanthropic planning. Andrew has more than a decade of experience in the financial services industry and held numerous positions in the Personal Financial Planning Group at The Vanguard Group. Earlier in his career, Andrew served as a practicing attorney, specializing in wills and trusts.
Andrew holds a JD from Widener University School of Law and a bachelor’s degree in Health Policy and Administration from Pennsylvania State University. He holds his Pennsylvania and New Jersey law licenses and his Series 6, 7, 24, 63, 65 Securities licenses, as well as his Pennsylvania Life, Variable Annuities, Accident ,and Health licenses. Andrew is a member of the Financial Planning Association for the Central Pennsylvania Region and the Pennsylvania Bar Association.
August 18, 2020—When considering the sale of qualified small business stock, you may be asking if there are any income and estate tax-advantaged opportunities that may allow you to exclude federal capital gains taxes on such sale and reduce potential estate taxes. National Director of Wealth Strategies Drew Horwitz discusses Qualified Small Business Stock (QSBS), how it works, and how it may create effective tax strategies for small business investors and owners.
Wilmington Trust’s Deputy Chief Wealth Strategist Drew Horwitz offers timely planning advice to business owners at the 54th Annual Heckerling Institute on Estate Planning. Watch his conversation with Susan Lipp, editor in chief of Trust & Estates magazine, on the importance of planning early while still running a successful business. Please see important disclosures at the end of the video.
Changes in the federal tax laws have provided a renewed focus on state income taxes and strategies available to minimize these taxes.While personal trusts have been used most commonly as estate and gift tax planning vehicles, they now have increased importance as tools for minimizing a family’s federal and state income tax liability.
Uncovering opportunities under the current tax law. Tax reform significantly increased the ability of high-net-worth individuals and families to pass wealth free of estate, gift, and generation-skipping transfer taxes, while increasing the importance of income tax planning. Borrowing or leverage strategies can be a critical component to protect wealth for your family by minimizing risk and reducing taxes.
If you own a business that you wish to pass on to your heirs, a Grantor Retained Annuity Trust (GRAT) can offer tax savings and other advantages.A GRAT is a popular method of transferring property tax -efficiently, such as stock in a closely held business, to a trust in exchange for an annual payment (or annuity) for a term of years.GRATs allow a business owner to maintain control of the business, while passing along appreciation to the beneficiaries in the form of closely held stock.
