John Karls Email & Phone Number

Texas, United States

San Ramon, Ca, Us

Q. How has your professional experience shaped your thinking about your area of expertise?Most high net worth individuals have worked hard to accumulate wealth. At some point in their lives, they want to transfer their wealth and accomplish that in the most tax efficient way, while still achieving charitable goals.I have come to understand that family issues, real or perceived, are the product of a lack of communication between generations. Too often none of the heirs truly know what the decedent wanted, and this typically creates unnecessary conflict. Q. How do you help your clients solve these challenges and meet their goals?Throughout my 20-year career, I have encountered many family dynamics and the associated issues that go along with them. My approach is casual and focused on what’s important to my client and how I can best serve them. Discussing death and taxes isn’t enjoyable, but it can be done productively and proactively.I listen carefully to understand my client’s goals, criteria and priorities. I establish a plan that addresses and accomplishes these principles in a tax efficient way, collaborating with their estate attorney and other advisors to ensure their best interests are at the forefront. Then I craft and deliver a powerful, yet individualized, estate plan to meet their needs. I provide peace of mind to my clients that their financial and charitable wishes will be accomplished. In addition, they receive comfort knowing that their wealth is being transferred tax efficiently to provide a majority of their assets to their beneficiaries and charities of choice. Q. What has been your greatest lesson learned over your career?Let your clients talk, and listen to them. Really hear what they want and what’s important to them. Don’t assume their goals based on similar facts or patterns of other clients.

My primary responsibility is consulting with high net worth individuals, families, and closely held businesses. In this role, I specialize in business succession and estate planning for my clients. As a consulting presence on current and prospective clients, I also assist with their income, trust, gift, and estate tax needs. Additionally, I provide tax compliance services for both investment partnerships and private foundations.

Gb

Assisting family offices, high net worth individuals, executives, and family businesses with their multi-generational business succession and wealth transfer needs; reviewing individual, fiduciary, gift, partnership, s-corporation, foundation, and estate tax returns; presenting at national and local trainings; coaching seniors and staff

Us

Statewide resource for estate and gift tax planning; identifying and implementing wealth and family business transfer opportunities for high net worth clients; performing firmwide internal tax inspections of other offices; review of partnership, private foundation, individual, fiduciary, gift, estate, and public non-profit entity returns; office lead for Private Tax; creating firmwide methodology for private foundation compliance, training of new associates and interns on tax preparation and planning software; mentoring of associates in multiple offices

Milwaukee, Wi, Us

Statewide resource for estate and gift tax planning; identifying and implementing wealth and family business transfer opportunities for high net worth clients; performing firmwide internal tax inspections of other offices; review of partnership, private foundation, individual, fiduciary, gift, estate, and public non-profit entity returns; office lead for Private Tax; creating firmwide methodology for private foundation compliance, training of new associates and interns on tax preparation and planning software; mentoring of associates in multiple offices

Worldwide, Oo

Supervision of seniors and staff; review of individual, reviewing individual, private foundation, partnership, and trust returns; individual income tax planning specializing in Alternative Minimum Tax and stock option consulting along with review of year-end tax projections; correspondence with federal and state taxing agencies; overseeing e-filing of individual and trust returns for office; managing methodology and training of US Indian staff preparing individual returns; department lead for CORE initiative, Region 10, Global fx, and e-filing; conducting local office training on various individual software and methodology to new staff and interns as well as teaching experienced seniors at national training on flow-through tax issues; mentoring/counseling of seniors, staff, and interns; tax planning and preparation of Deloitte partner individual returns

Supervision of seniors and staff; review of individual, family limited partnership, private foundation tax return compliance; performing life/retirement analysis; consulting on quarterly and year-end tax projections; overseeing tax planning and preparation for Andersen partners; responding to federal and state notices; family wealth planning for high-wealth individuals; teaching local office training on various individual software; training local office compliance methodology; mentoring/ counseling of seniors, staff, and interns