Jones Foster Strengthens Wealth Services with New Hire Evan Sanchez

Riviera Beach, Florida, USA - In an exciting move for the legal landscape in South Florida, Jones Foster recently announced the addition of Evan A. Sanchez to its Private Wealth, Wills, Trusts & Estates, and Corporate & Tax teams. This appointment is set to bolster the firm’s commitment to providing exceptional service in wealth transfer and tax planning, making it a noteworthy development for high-net-worth individuals in the region.

William G. Smith, Vice Chair of Jones Foster’s Corporate & Tax and Private Wealth Departments, expressed confidence in Sanchez’s academic achievements and potential contributions to client relationships. „We are pleased to welcome Evan to our team,“ Smith remarked. Sanchez, who graduated cum laude from Florida International University College of Law, also holds a Master of Laws in Taxation from the University of Florida Levin College of Law. His background includes valuable experience interning in Private Client Services at a global advisory firm in West Palm Beach, where he gained insights into the specific needs of high-net-worth individuals and family offices.

Focus on Wealth and Tax Strategies

Sanchez’s work at Jones Foster will revolve around asset preservation and transfer strategies, alongside tackling corporate governance issues such as entity formation and shareholder agreements. His role epitomizes the firm’s dedication to nurturing legal talent while enhancing its service offerings to clients.

As tax laws and wealth management challenges evolve, the landscape for high-net-worth individuals grows increasingly complex. The pressures from changing tax laws, market conditions, and unique family business scenarios can be daunting. Firms like Holland & Knight emphasize the necessity of specialized planning to navigate these challenges effectively. Their team of wealth planning attorneys boasts a wealth of experience in estate planning designed for high-net-worth clients, helping them secure their financial future.

Tax Changes on the Horizon

The IRS has released significant inflation adjustments for tax year 2025, which impact several key tax provisions that individuals need to pay attention to. Notably, the federal lifetime estate and gift tax exemption has increased from $13.61 million in 2024 to $13.99 million in 2025, while the annual gift tax exclusion has similarly risen to $19,000 from $18,000. For single filers, the top federal income tax rate remains at 37% for incomes over $626,350, with married couples filing jointly facing the same rate for incomes exceeding $751,600. These adjustments underscore the necessity of proactive tax planning, especially for the affluent.

High-net-worth individuals are advised to consult with a private wealth management team to explore effective tax planning strategies that align with these new updates. As Commerce Trust Company highlights, understanding these changes can position wealthy individuals to minimize tax liabilities and better preserve their wealth.

In conclusion, the appointment of Evan Sanchez at Jones Foster not only strengthens their team but also comes at a crucial time as tax landscapes shift. It’s a reminder that, in today’s world, having a good hand when it comes to wealth management and legal services can make all the difference for families and individuals aiming to secure their financial future.