Tag Archives: Estate Planning

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How to Pay for Estate Taxes (Ep. 81)



If you are set to have an estate tax, how might that tax get paid? Can we get that tax to zero? 

In this episode, John and Michael discuss their approach to estate taxes. In their approach, taxes are voluntary and planning is essential to ensure your loved ones have a plan and the means to pay for estate taxes when the time comes. 

John and Michael discuss:

  • The best and worst ways to pay your estate taxes
  • Section 6166 for business exclusions on estate taxes
  • Gregan loans and how they can reduce your estate tax
  • The importance of starting early when it comes to planning
  • And more

Connect with John and Michael:


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How to Choose the Right Trustee with David Warren (Ep.75)



When estate planning, one of the most difficult decisions is choosing the right trustee for your family. But it doesn’t have to be. 

In this episode, John and Michael Parise speak with David Warren, J.D., co-founder, and chairman of Bridgeford Trust Company about the challenges of picking the right trustee and/or trust company, and highlights the things you can do to make a better decision for your family. 

John and Michael discuss:

  • Conflicts of interest in trust planning 
  • Top tier trust jurisdictions
  • Modern trust law
  • Asset protection and its benefits
  • And more

Resources

Connect with David Warren

Connect with John and Michael:

About Our Guest: 

David Warren is the co-founder and chairman of the Board of Bridgeford Trust Company. With over 20 years of experience as an attorney in the financial services industry, David has a wealth of knowledge on working with ultra-high net worth families across the nation and around the world. As a leader at Bridgeford Trust Company he shapes the strategic growth and brand development. Outside of his roles at Bridgeford, David often speaks throughout the country and around the world on modern and progressive U.S. trust law, addressing several professional organizations and audiences each year. 

 


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73. 10 Concerns On The Minds of Our Clients — Part 2



Who is going to take care of you into your old age? Do you have your estate planning dealings worked out?

In the first part of this two-parter miniseries, John and Michael introduced us to 10 concerns on the minds of their clients. In this episode, they continue the conversation focusing on long-term care planning, estate planning, taxes, and communication between generations.

John and Michael discuss:

  • Ways to address long-term care
  • How to ensure your estate planning is correct
  • Tax code changes to consider
  • Communication between generations in your family
  • And more!

Resources:

Connect with John and Michael:


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69. Estate Planning Law Proposals You Should Be Thinking About



There may be changes to estate planning rules in the near future. If you’re a family that looks for advanced planning, you should be preparing for these changes regardless of whether or not they come to pass.

In part two of this two-part series, John and Michael Parise look at potential estate planning changes that could have a massive impact on advanced estate planning.They first look at the potential change in acceleration of the reduction in the gift and estate exemption amount. Plus, Michael speaks on the possible changes to grantor trust rules.

John and Michael discuss:

  • Why you should be speaking with your advisor about these provisional changes
  • Potential changes to grantor trust rules
  • Potential changes to the acceleration of the reduction in estate exemption
  • Why adding a specialist advisor to your advisory is beneficial
  • And more

Resources

  1. Income Tax Law Proposals You Should Be Thinking About

Connect with John and Michael:

 


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67. Concerns That Are Keeping Everyone Up At Night



There are a number of questions and concerns that clients ask for clarification about, from inflation, to proposed tax changes, how those will impact their accounts, and more.

In this episode, John and Michael Parise have an open discussion about questions they regularly receive from their clients and aim to answer these frequently asked questions. They explain why you need to stay on top of your financial affairs and get them in order, plus, how businesses may have to approach employee retention in the near future.

John and Michael discuss:

  • How inflation is affecting everything in our lives
  • Potential tax code changes being proposed in Washington and how they may impact you
  • Why you need to be on top of your financial affairs
  • Why employee retention will become increasingly important in the near future
  • And more

Resources:

Connect with John and Michael:


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66. How To Pick The Right Trustee



One of the more difficult challenges of estate planning is choosing the right trustee.

In this episode, John and Michael Parise aim to help you gain a better understanding of the implications of choosing a trustee and what to consider when making this decision. They look at what makes choosing a trustee so difficult and what it means to leave someone in charge of managing your family’s assets.

John and Michael discuss:

  • The role of a trustee and why a trustee should act as a mentor
  • Their recommendation for what to look for in a trustee and how you can build a relationship and understanding with the trustee before they take control
  • If trustees can be compensated and whether they should
  • What it truly means to leave your family in the hands of a trustee (whether they’re another family member or not)
  • And more

Connect with John and Michael:

 


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Episode 56: The Ultimate Episode Guide You MUST Revisit and Listen To



The Copper Beech team is going back to the classics in this highlight reel episode!

In this episode, John and Michael Parise revisit a series of episodes you must listen to in order to help you gain insight to overcome and solve potential concerns about your generational wealth planning.

You will learn:

  • The importance of estate planning – episodes 14 and 26
  • All things within the tax world and tax law changes – episodes 27, 36, and 42
  • Conversations about life insurance – episode 19
  • Why business owners should revisit their business succession plan – episode 33
  • Understanding the generational components of trusts – episodes 12 and 13
  • What you should really know about 1031 exchanges – episode 52
  • And more!

Listen today and find out why and how all these episodes introduce and talk about things  clients are always concerned about!

Resources: Copper Beech Financial Group | John Parise | Michael Parise 

Episodes:

Episode 12 | Episode 13 | Episode 14 | Episode 19 | Episode 22 | Episode 23 | Episode 26 | Episode 27 | Episode 30 | Episode 31 | Episode 33 | Episode 34 | Episode 36 | Episode 42 | Episode 52