Planning for Texas executives, physicians, and owners

It removes one layer and makes the remaining ones matter more. Federal brackets, the additional Medicare tax, capital gains treatment, and Medicare premium surcharges in retirement all still apply. With no state tax to work around, federal timing decisions such as which year to realize a gain or convert to Roth carry more of the weight.

Equity granted and vested during a marriage is generally community property, meaning both spouses have an ownership interest even when only one name appears on the grant. That affects estate planning, what happens in a divorce, and how the position should be titled and designated. Your attorney handles the legal analysis; our part is making sure account registrations and beneficiary designations match it.

Two things. Establishing Texas residency properly, which your former state may scrutinize. And understanding that equity compensation earned while you lived there can still be sourced to that state when it vests or is exercised. Both are best worked out with your CPA before a vest date rather than after one.

Yes, and it is one of the more common reasons Texas clients get in touch. The work usually starts with the disability policy, because the definition of disability and what counts as covered income are the largest unprotected exposures in most physician households, then moves to tax timing and the longer arc of when work becomes optional.