Every year, there are steps that high-net-worth individuals, families, and business owners can take before December 31 to strengthen their wealth management strategies and lower their tax bill.

William Blair’s 2019 year-end planning guide is now available, highlighting 10 tax and wealth planning strategies stemming from the landmark tax reform law.

Tax checklist:

• Maximize your deductions
• (Re)consider a Roth conversion
• Don't overlook an HSA
• Understand the laws for establishing residency in a low-tax state
• Take full advantage of new lifetime giving opportunities
• Review your estate plan in light of major tax law changes
• Review and update your beneficiary designations
• Maximize the after-tax value of your business equity
• Look into opportunity zone investments and their potential tax breaks
• Check your withholding amount to avoid unpleasant surprises
  

View 10 Year-End Strategies for 2019 online.