K.M., an orthopedic surgeon and part-owner of his practice, sought a more sophisticated approach to managing his finances, primarily driven by a desire to reduce his substantial tax burden and enhance his asset protection, saying “asset protection is my top priority.”
In the year prior to joining Terra Firma, K.M.’s taxable income was $709,000, with a total tax payment of $268,0003 – a 38% effective rate. Having self-filed his taxes, K.M. recognized the potential for significant tax savings as a business owner receiving income through a K1.
Through membership, the Terra Firma team helped K.M. establish a business entity, strategically invest a significant portion of his savings into alternative assets, and create a living trust to protect his growing wealth.
What began as a search for tax relief became a full-scale financial transformation. In his first year, K.M. saved $183,000 in taxes—but more importantly, he gained a clear structure, expert guidance, and long-term protection for the assets he’s worked hard to build.
