How do I avoid overpaying taxes after a major liquidity event?

Tax planning at the time of a liquidity event, ideally before a wealth transfer is complete, is essential. Strategies may include funding a donor-advised fund or charitable remainder trust with appreciated assets before the sale, using QSBS exclusions if eligible, harvesting losses to offset gains, and timing the receipt of income across tax years. Working with a CPA alongside your financial advisor is the most effective approach.