Business Trust Q&A Podcast: Recent Episodes
Abundance Group Trust
See the Video Recording here: https://us02web.zoom.us/rec/play/2k6m31t0b2mlNKHU0h-Vs6vW6ZhJhjC22M_80iqSZrXyLGY1KpGAeI_xhCSapeDuKZI9-VhTzbHOGmwX._t7B1vlj9prnHh8s?autoplay=true&startTime=1711382933000
Access the Live Transcript here:https://otter.ai/u/WHFfH-Wo7OJIwM7GRNpvqvwQOA8?view=summary
Looking to invest in life insurance and leverage your Trust?
Email us at insurance@abundancegroup.com or use the link below to receive your free quote!
Get your free quote here: https://www.abundancegroup.com/insurance
Creating a Wyoming Private Trust Company (PTC):
Pay for your PTC: https://.abundancegroup.com/ptc
Create an account: https://belgrovemanagement.com
After creating an account, click the "messages" tab on the left side of the page and follow the instructions.
Invest in the 2024 Support Package here: https://www.abundancegroup.com/2024support
Outline:
- Trust tax returns and PTC use. (0:00)
- Trusts, LLCs, and tax planning. (9:10)
- Managing expenses for a personal trust using a Divi card. (19:24)
- Building corporate credit and using debit cards. (26:57)
- Opening trust accounts at Fidelity and Schwab. (33:48)
- Trust documentation and brokerage account issues. (39:08)
- EIN application and trust naming conventions. (48:41)
- Trusts, taxes, and legal matters. (57:00)
- Building corporate credit for personal trusts. (1:03:24)
- Business trusts and fictitious name filings. (1:12:15)
- Shelf companies, renewals, and forms. (1:21:48)
See the Video Recording here:
https://us02web.zoom.us/rec/play/Su5AYCtk30KsXshngNSG-bfi-0QLBGQSUr3NlPkSxB8CzS3VOcOkw5Wc8t_3Y52N3oaBIeDwFFWCt_Nd.S4z3-yCYY95X3lGy?autoplay=true&startTime=1710173103000
Access the Live Transcript here:
https://otter.ai/u/ax738Lmf0UnAg9P3ZwfGYzAqnIQ?view=summary
Looking to invest in life insurance and leverage your Trust?
Email us at insurance@abundancegroup.com or use the link below to receive your free quote!
Get your free quote here: https://www.abundancegroup.com/insurance
Creating a Wyoming Private Trust Company (PTC):
Pay for your PTC: https://.abundancegroup.com/ptc
Create an account: https://belgrovemanagement.comAfter creating an account, click the "messages" tab on the left side of the page and follow the instructions.
Invest in the 2024 Support Package here: https://www.abundancegroup.com/2024support
Outline:
- Real estate investing and business trusts. (8:42)- LLC structure and tax planning for a business trust. (16:07)
- Tax-efficient wealth structure for business owners. (21:59)
- Charitable trusts and foundations with expert Gina Gaudio-Grace. (29:54)
- Completing a questionnaire for a PTC election. (37:49)
- Filling out EIN application forms. (43:45)
- EIN and entity elections for non-profit organization. (46:47)
- Trusts, demand notes, and tax implications. (53:20)
- Trusts, taxes, and Airbnb income. (1:02:48)
- Trusts and business structures for Airbnb income. (1:08:57)- Life insurance policies and trusts. (1:17:32)
- Trust audits and tax planning for clients. (1:23:05)
See the Video Recording here:
https://us02web.zoom.us/rec/play/xOTzf01rS4WeUWfxJqQAPSXmFxMWOFniJkF8bLggxxBFlb5DiIB28OeJkdoOT8skNvBSQfcZ2TUjopsW.rXGvEvDwNF6r4Zzy?autoplay=true&startTime=1709571891000
Access the Live Transcript here:
https://otter.ai/u/f2EdB0cCDKr8NSkuapRKZuXRjEY?view=summary
Looking to invest in life insurance and leverage your Trust?
Email us at insurance@abundancegroup.com or use the link below to receive your free quote!
Get your free quote here: https://www.abundancegroup.com/insurance
Creating a Wyoming Private Trust Company (PTC):
Pay for your PTC: https://.abundancegroup.com/ptc
Create an account: https://belgrovemanagement.com
After creating an account, click the "messages" tab on the left side of the page and follow the instructions.
Invest in the 2024 Support Package here: https://www.abundancegroup.com/2024support
Outline:
- Corporate transparency and location preferences. (7:51)
- Corporate transparency act's constitutionality and wasteful compliance. (11:03)
- Corporate transparency and compliance. (16:48)
- Tax implications of cryptocurrency investments. (23:01)
- Trust management and tax status for a family trust. (28:16)
- Managing trusts with multiple non-familial settlors. (35:54)
- Private family trust companies and legal issues. (42:43)
- Business trusts and asset protection. (46:57)
- Investment trust requirements for accredited investors. (55:15)
- Accredited investor qualifications and trust structures. (57:13)
- Land trusts and division naming conventions. (1:09:26)
- Recording deeds for property transfers. (1:15:29)
- Transferring property from Land Trust to business trust. (1:18:04)
- Trusts and estate planning strategies. (1:22:31)- Trustee roles and liability. (1:28:37)
- Trusts, co-trustees, and title defects. (1:34:51)
- Trusts and taxes for businesses. (1:43:08)
- Narrow court ruling on financial reporting. (1:50:09)
- Podcast links and updates. (1:51:29)
See the Video Recording here:
https://us02web.zoom.us/rec/play/YZHvCR6fIwxxvJbHZcaIs2Tm1bfSGlNjMW-ztW1goFqOEadRwM5V3uJcaw_FaWKEJ6w6rrKJCJ4uXqFa.booKXLX_h5tqctT6?autoplay=true&startTime=1708967194000
Access the Live Transcript here:
https://otter.ai/u/-WlmGaAYR_6LCCnBj9DtIfIemeQ?view=summary
Looking to invest in life insurance and leverage your Trust?
Email us at insurance@abundancegroup.com or use the link below to receive your free quote!
Get your free quote here: https://www.abundancegroup.com/insurance
Creating a Wyoming Private Trust Company (PTC):
Pay for your PTC: https://.abundancegroup.com/ptc
Create an account: https://belgrovemanagement.com
After creating an account, click the "messages" tab on the left side of the page and follow the instructions.
Invest in the 2024 Support Package here: https://www.abundancegroup.com/2024support
Outline:
- Notes, transcripts, and team updates. (19:42)
- Real estate investing and taxes. (26:26)
- Charitable donations and tax deductions. (32:00)
- Retirement accounts, RMDs, and trusts. (40:12)
- Accredited investor qualifications and trusts. (48:52)- Accredited investor status and 1023/1024 forms. (52:28)
- Grants to individuals for non-profit organizations. (56:08)
- Trust distribution after beneficiary's death. (1:03:16)
- Estate planning, probate taxes, and event registration. (1:12:12)
- Trust updates and client questionnaires. (1:19:32)
- Client questionnaires and portal access. (1:27:19)
- Support packages and event registration. (1:35:20)- Distribution of investments and documents. (1:42:04)
See the Video Recording here:
https://us02web.zoom.us/rec/play/OkXQ1WVCTwMhEZ7-3rEd-F2XTfl9hWX1_n356atoPb7I16OJpXVzEo-FNt_VsBMPTNWjxFuGg-_16b8.Sms6PqgxNXj3QUqQ?autoplay=true&startTime=1708362168000
Access the Live Transcript here:
https://otter.ai/u/y3qY35RZA7LRtQMvjdCtpgIiGKA?view=summary
Looking to invest in life insurance and leverage your Trust?
Email us at insurance@abundancegroup.com or use the link below to receive your free quote!
Get your free quote here: https://www.abundancegroup.com/insurance
Creating a Wyoming Private Trust Company (PTC):
Pay for your PTC: https://.abundancegroup.com/ptc
Create an account: https://belgrovemanagement.com
After creating an account, click the "messages" tab on the left side of the page and follow the instructions.
Invest in the 2024 Support Package here: https://www.abundancegroup.com/2024support
Outline:
- Tax preparation, travel plans, and networking events. (4:49)
- Networking event logistics and casino smoke. (10:47)
- Tax preparation for a business trust with multiple divisions. (18:31)
- Nonprofit foundation setup and tax returns. (26:06)
- PTC management and fees. (36:04)
- Setting up a business trust and LLC. (41:58)
- Business trusts and taxes with a lawyer. (47:42)
- Trust updates and new hires after a team member's departure. (55:35)
See the Video Recording here:https://us02web.zoom.us/rec/play/YErlz4L-Pu-eJVJ9k-RAGfb_O_w9lwNSzFMpRXkkSupccXpbeu24GsrAzRvK-aZHL_InMPErnkYsbYMe.GtdsSnEHf0tBIOwL?autoplay=true&startTime=1707757660000
Access the Live Transcript here:
https://otter.ai/u/4KsBhnw9Sdejzg6skaW4OPB3Zz4?view=summary
Looking to invest in life insurance and leverage your Trust?
Email us at insurance@abundancegroup.com or use the link below to receive your free quote!
Get your free quote here: https://www.abundancegroup.com/insurance
Creating a Wyoming Private Trust Company (PTC):
Pay for your PTC: https://.abundancegroup.com/ptc
Create an account: https://belgrovemanagement.com
After creating an account, click the "messages" tab on the left side of the page and follow the instructions.
Invest in the 2024 Support Package here: https://www.abundancegroup.com/2024support
Outline:
- Trusts and beneficiaries with a new granddaughter. (0:00)
- Trusts, asset protection, and tax filing. (6:57)
- Decanting a land trust into a business trust. (15:51)
- Trusts, taxes, and legal matters. (23:11)
- Trusts and business divisions. (31:00)
- Trusts, power of attorney, and beneficiary rights. (38:38)
- Trust decanting and beneficiary signatures. (43:23)
- Trusts, tax liens, and beneficiaries. (50:10)
- Tax lien investing with legal requirements. (58:08)
- Tax lien investing and entity structure. (1:09:43)
- Trusts and divisions in a business context. (1:17:05)
- Tax lien investing and paperwork. (1:18:25)
- Charitable events and self-dealing in a private family foundation. (1:22:00)
- Trusts, foundations, and tax compliance. (1:29:12)
See the Video Recording here:https://us02web.zoom.us/rec/play/OQznZxhJ2jVplBGDVp9c0NpLztXHyGA2IfYNV93VPq5ZOHgJYD-WOdLyrIXuNmreg5kicQd3eIDvFx1r.NpvCV5rkVE8_nMh8?autoplay=true&startTime=1707152540000
Access the Live Transcript here:
https://otter.ai/u/Hp2c19ZHxyPduihBiephojlFkJ8?view=summary
Looking to invest in life insurance and leverage your Trust?
Email us at insurance@abundancegroup.com or use the link below to receive your free quote!
Get your free quote here: https://www.abundancegroup.com/insurance
Creating a Wyoming Private Trust Company (PTC): (NO CHANGE)
Pay for your PTC: https://.abundancegroup.com/ptc
Create an account: https://belgrovemanagement.com
After creating an account, click the "messages" tab on the left side of the page and follow the instructions.
Invest in the 2024 Support Package here: https://www.abundancegroup.com/2024support
Outline:
- Investment advice and trust management. (0:00)
- Investment advising and real estate. (10:08)
- Private family trust companies in Wyoming. (14:35)
- Private family trust companies in Wyoming. (18:05)
- Trust management and investment decisions. (24:39)
- Trusts, asset protection, and distribution of funds. (30:01)
- Private family trust companies and investment committees. (34:59)
- Corporate transparency act and reporting requirements. (41:15)
- Corporate transparency and reporting requirements. (46:37)
- Beneficial ownership reporting and privacy concerns. (52:21)
- Trusts, beneficiaries, and charitable organizations. (58:15)
- Trusts, charities, and family relationships. (1:04:21)
- LLCs, trusts, and taxes. (1:11:11)
See the Video Recording here: https://us02web.zoom.us/rec/play/Hg3xmZ0D1VxzayX_2gVwPhiuXvfLikXP92ty-1MS086GXnLYtMiEBTfUMOfdvLvPKbpHPnYDNemoM2jV.OKQztuXI7z-frWPX?autoplay=true&startTime=1706558979000
Access the Live Transcript here: https://otter.ai/u/TeGOw1kolEdU3kp_36Y52Dm803Q?utm_source=copy_url
Looking to invest in life insurance and leverage your Trust?
- Email Ben at ben@abundancegroup.com, or use the link below to receive your free quote!
- Get your free quote here: https://www.abundancegroup.com/insurance
Creating a Wyoming Private Trust Company (PTC):
- Pay for your PTC: www.abundancegroup.com/ptc
- Create an account: www.belgrovemanagement.com
- After creating an account, click the "messages" tab on the left side of the page and follow the instructions.
Invest in the 2024 Support Package here: https://www.abundancegroup.com/2024support
Outline:-Tax advisor payments and pricing. (0:05)
-Tax preparation pricing and invoicing for clients. (5:27)
-Payments and compliance in a business call. (11:33)
-PTC structure and IRS notice. (15:33)
-Trusts and tax code with a focus on PTCs. (22:42)
-Tax planning and trusts. (27:44)
-Using Salesforce for tax clients and costs. (35:38)
-Streamlining communication for tax advisors. (42:57)
-Tax strategies and legal opinions. (49:11)
See the Video Recording here: https://us02web.zoom.us/rec/play/-pMIN8tgWGL22u8Vjry9jmKUjh70U2Hj64OcxpgV8ejg8iuJl2zriqn8KBCwHx389XXdGMG0sZpl-z5q.8GxWBCme5oKyMpP9?autoplay=true&startTime=1705942878000
Access the Live Transcript here: https://otter.ai/u/x7TpQPuX0lTWRhoSMFQq8K0yPfQ?utm_source=copy_url
Looking to invest in life insurance and leverage your Trust?
- Email Ben at ben@abundancegroup.com, or use the link below to receive your free quote!
- Get your free quote here: https://www.abundancegroup.com/insurance
Creating a Wyoming Private Trust Company (PTC):
- Pay for your PTC: www.abundancegroup.com/ptc
- Create an account: www.belgrovemanagement.com
- After creating an account, click the "messages" tab on the left side of the page and follow the instructions.
Invest in the 2024 Support Package here: https://www.abundancegroup.com/2024support
Outline:-Trusts, taxes, and grandchildren. (0:02)
-Tax implications of transferring assets to a trust. (5:02)
-Trusts and beneficiaries with legal and financial professionals. (10:45)
-Trust administration and jurisdiction. (19:59)
See the Video Recording here: https://us02web.zoom.us/rec/play/zkQkv8F54Rv7G0iB36KUwDZHkL9OiWr8jEvAgWtOZdX24qjiTS3etvVPcTutgLjEJmN0WY8qDor2E6Lu.ERcrZrZNnyRcVIwK?autoplay=true&startTime=1704733507000
Access the Live Transcript here: https://otter.ai/u/go7FtkItLBusfo3DK1tT4h9_Pt4?utm_source=copy_url
Looking to invest in life insurance and leverage your Trust?
- Email Ben at ben@abundancegroup.com, or use the link below to receive your free quote!
- Get your free quote here: https://www.abundancegroup.com/insurance
Creating a Wyoming Private Trust Company (PTC):
- Pay for your PTC: www.abundancegroup.com/ptc
- Create an account: www.belgrovemanagement.com
- After creating an account, click the "messages" tab on the left side of the page and follow the instructions.
Invest in the 2024 Support Package here: https://www.abundancegroup.com/2024support
Outline:-Grants, foundations, and celebrations. (0:00)
-Trust documents and automation. (4:33)
-Legal documents and PTC setup. (10:59)
-Trusts, management, and banking. (17:35)
-Nonprofit grants and tax deductions. (24:17)
-Trusts and LLCs for nonprofit management. (32:32)
-Trusts, foundations, and tax implications. (39:51)
-Credit card approval and limits for a Personal Trust. (45:12)
See the Video Recording here: https://us02web.zoom.us/rec/play/Y8CY1_Cx14OPJqmOpO2ubsIsgsFZcRH2GOgo7dpbyEwrZM0qtV39vDNzGdEDYw9mnJ28sp9ez8R0Eis5.agJEBUUcRdR8CMx9?autoplay=true&startTime=1702919133000
Access the Live Transcript here: https://otter.ai/u/7XAdtDRaIxTjBnGmC3rDsfkFwDU?utm_source=copy_url
Looking to invest in life insurance and leverage your Trust?
- Email Ben at ben@abundancegroup.com, or use the link below to receive your free quote!
- Get your free quote here: https://www.abundancegroup.com/insurance
Outline:-Trusts, demand notes, and accounting. (0:00)
-Trust accounting and interest payments. (5:07)
-Financial strategies for real estate investments. (11:32)
-Business trusts and operational rules. (17:06)
-Creating an operational manual for a family business. (24:08)
-Business trusts, LLCs, and EINs. (28:15)
-Managing multiple entities and renewals. (35:11)
-Trusts, foundations, and taxes. (39:06)
-Trusts, beneficiaries, and fiduciary agreements. (47:01)
See the Video Recording here: https://us02web.zoom.us/rec/play/JEka1t2ltlbVBXu2mPIa6hpcNZNffSmTCJSa4oFwFU-Cmogo8fYssUvZy5LeYQoUtb14-P8L3xAAtmcV.vk5rGODxndqRjJUc?autoplay=true&startTime=1702314201000
Access the Live Transcript here: https://otter.ai/u/5MO3BI87t9tDb9QVAlo1Zbpg-bg?utm_source=copy_url
Looking to invest in life insurance and leverage your Trust?
- Email Ben at ben@abundancegroup.com, or use the link below to receive your free quote!
- Get your free quote here: https://www.abundancegroup.com/insurance
Outline:-Investment strategies for syndications. (0:00)
-Structuring Business Trusts for asset protection and tax efficiency. (6:02)
-Trusts, banking, and division setup. (14:44)
-Trust distribution and tax implications. (22:41)
-Assignment of notes in real estate transactions. (35:58)
-Business formation and capitalization. (41:17)
-Trusts, LLCs, and tax planning strategies. (49:17)
-Trusts, LLCs, and tax planning for businesses. (57:17)
-LLC setup and taxes for a business owner. (1:03:41)
See the Video Recording here: https://us02web.zoom.us/rec/play/ATbUVaZGGm4pP9vmV5l8i3FWVfx8l2Nine8nnqwyxSO_XtDErnGdohLbGq8bjnvN4L6VvgrNeQ5siqOX.aNplOfB25F-7VOU3?autoplay=true&startTime=1701104467000
Access the Live Transcript here: https://otter.ai/u/saNG_jUrBf9zaJcYxsYUMO9lLHs?utm_source=copy_url
Looking to invest in life insurance and leverage your Trust?
- Email Ben at ben@abundancegroup.com, or use the link below to receive your free quote!
- Get your free quote here: https://www.abundancegroup.com/insurance
Outline:-Managing foster care funds and Trusts. (4:26)
-Business trust and property division. (13:48)
-Setting up a single-member LLC and Trust for real estate investment. (21:12)
-Trusts and LLCs for real estate investments. (28:13)
-Trusts, bank accounts, and property sales. (38:43)
-Business structure and taxes for real estate investors. (45:13)
-LLC formation and taxes. (53:59)
-Private foundation rules and tax implications. (1:02:31)
-5% expenditure rule for non-profit foundations. (1:15:56)
-Charitable trusts and foundations. (1:24:48)
See the Video Recording here: https://us02web.zoom.us/rec/play/IjfCZQMjYZmlgEiqqeirb2NPDSxB_US_XaNMGQVbW8E2vuyYrnq-iL4PQGlDjt72HjDgM0bd9BapYFxz.lB1I13dmBgP4-wT1?autoplay=true&startTime=1700499799000
Access the Live Transcript here: https://otter.ai/u/saNG_jUrBf9zaJcYxsYUMO9lLHs?utm_source=copy_url
Looking to invest in life insurance and leverage your Trust?
- Email Ben at ben@abundancegroup.com, or use the link below to receive your free quote!
- Get your free quote here: https://www.abundancegroup.com/insurance
Important Links:
- Private Family Foundations and the Law: https://drive.google.com/file/d/1rA62aaVkGPyNDu0oJo4yWgAMK-AokquP/view?usp=sharing
- Foundation Workbook: https://drive.google.com/file/d/1ywmrWpmYxgBspF7iZJLdaqRxeeFp3Bc2/view?usp=sharing
- Family Foundation Retreat Guide: https://drive.google.com/file/d/1N-Ab7WTIExNKRnNug-VC0ys0t4auRMx4/view?usp=sharing
- Publication 526 - Charitable Contributions: https://drive.google.com/file/d/1VvRnvTmAVHizY_p87bfnPhXiK75zkGmW/view?usp=sharing
- IRS Resources for Charities and Non-Profits: https://www.abundancegroup.com/charities
Outline:-Managing foster care funds and Trusts. (4:26)
-Business Trust and property division. (13:48)
-Setting up a single-member LLC and Trust for real estate investment. (21:12)
-Trusts and LLCs for real estate investments. (28:13)
-Trusts, bank accounts, and property sales. (38:43)
-Business structure and taxes for real estate investors. (45:13)
-LLC formation and taxes. (53:59)
-Private foundation rules and tax implications. (1:02:31)
-5% expenditure rule for non-profit foundations. (1:15:56)
-Charitable Trusts and foundations. (1:24:48)
See the Video Recording here: https://us02web.zoom.us/rec/play/N1qm-ajYcQ_JxTENYEwXS6FQw2I_xPmaqAJj19ara2Zx3NBMMKa8VTyXT3hB_zkYlSs1FbgQF4sDm-O_.gxUUs6IcEBelf8dG?autoplay=true&startTime=1699895097000
Access the Live Transcript here: https://otter.ai/u/838I2QY_Okw1aNFQnpqEZsoBQ_I?utm_source=copy_url
Looking to invest in life insurance and leverage your Trust?
- Email Ben at ben@abundancegroup.com, or use the link below to receive your free quote!
- Get your free quote here: https://www.abundancegroup.com/insurance
Outline:-Trusts, taxes, and legal documentation. (0:03)
-Trusts, taxes, and asset protection. (7:09)
-Taxes and refunds for a business. (19:09)
-Conservation, rewilding, and supporting young communicators. (30:51)
-Importance of pollinators and biodiversity. (36:57)
-Conservation efforts and supporting small organizations. (40:50)
-Fusion energy and its potential for clean energy. (46:44)
-Fusion energy and its potential. (50:23)
-Nuclear energy, fusion, and waste management. (54:46)
Carbon sequestration and preserving old-growth forests. (59:47)
-Environmental protection and indigenous rights. (1:05:42)
-Conservation efforts and fundraising strategies. (1:12:25)
See the Video Recording here: https://zoom.us/rec/play/eQKZhKfIdkv_84tRwASOh-BGsbkfsNieXnXo4mImAB6gTBrUWj-pLUAkSWnCywSKBn5dKa31pMyyIcBV.T1hDpgpinA6me-xD?autoplay=true&startTime=1699290441000
Access the Live Transcript here: https://otter.ai/u/fhL-ZR9JtPsupMe0hiRvYMy-TNY?utm_source=copy_url
Looking to invest in life insurance and leverage your Trust?
- Email Ben at ben@abundancegroup.com, or use the link below to receive your free quote!
- Get your free quote here: https://www.abundancegroup.com/insurance
Important links from this call:
- Setting Up Your Wyoming Private Trust Company (PTC)
- www.abundancegroup.com/wyllc
- Change of Name - Exempt Organization (IRS)
- Submit Feedback to Abundance Group Trust
- Waiver of Notice to Decant
- Acts of self-dealing by Private Foundations
Outline:-Trusts, taxes, and family celebrations. (0:01)
-Funding a Business Trust with personal accounts. (17:07)
-Using a foundation for asset protection and charitable giving. (23:04)
-Trusts, foundations, and taxes. (31:57)
-Client portal access and feedback form. (38:32)
-New platform for client portal and communication. (47:40)
-Personal trusts and memorandum. (55:25)
See the Video Recording here: https://us02web.zoom.us/rec/play/vLAyFkgqzvdt3JEuaIrll3RuzxkkvCn6JL6WUFoghXlWPZ7YaAMBY3zp4juRzS9-yYE1bY7NzWvJhaVf.6_BZmA5_2N_ku9zv?autoplay=true&startTime=1698077131000
Access the Live Transcript here: https://otter.ai/u/CuoqrDqWexZB2pXx_AgF9gvBRX0?utm_source=copy_url
Looking to invest in life insurance and leverage your Trust?
- Email Ben at ben@abundancegroup.com, or use the link below to receive your free quote!
- Get your free quote here: https://www.abundancegroup.com/insurance
Instructions for setting up a Wyoming LLC can be found here:
- How to Set up a Wyoming LLC
Outline:-Tax implications of notes payable and sold toTtrusts in California. (2:39)
-Tax implications of note payable. (5:38)
-Tax implications of Trusts and PTC. (11:17)
-Building credit for a Trust. (19:01)
-Trusts, taxes, and charitable activities. (27:34)
-Vehicle expenses for non-profit organization. (36:35)
-Charitable donations and tax implications for nonprofits. (42:08)
-Trusts, beneficiaries, and taxes. (49:24)
-Tax implications for business trust and S corp. (58:03)
-Tax implications of restructuring an architectural firm. (1:07:48)
-Tax form changes and LLC classification. (1:15:12)
See the Video Recording here: https://us02web.zoom.us/rec/play/H16pclO-JemmUxWedrJZewHlOgotVxyT_26HMEUoMEZK-0CoBN9bw5W0zLFGLKcnDxyV1UWBxnJufjfp.4v4wyUxaXISHNR6B?autoplay=true&startTime=1697472230000
Access the Live Transcript here: https://otter.ai/u/WJcm35lu-37_N_m1Ft3rR-q2Frg?utm_source=copy_url
Looking to invest in life insurance and leverage your Trust?
- Email Ben at ben@abundancegroup.com, or use the link below to receive your free quote!
- Get your free quote here: https://www.abundancegroup.com/insurance
Instructions for setting up a Wyoming LLC can be found here:
- How to Set up a Wyoming LLC
Outline:-Taxes and business structures for a Trust. (0:02)
-Tax implications of transferring ownership of a business. (5:53)
-LLC structure and operating agreements. (14:04)
-LLC structure and tax mitigation strategies. (22:46)
-LLCs, asset protection, and tax implications. (31:48)
See the Video Recording here: https://zoom.us/rec/play/O6BqWJ_g6Y6elqkqx6jrSi-ijWAq6HCX60CTtkoC22JCPWCFoyIL1tNs6JRybn3f17c0vr0AtKSMkRED.T600xecn6hsxBpp_?autoplay=true&startTime=1696867467000
Access the Live Transcript here: https://otter.ai/u/1EJMTUxhAx1RwwugsYjtFPxXo04?utm_source=copy_url
Looking to invest in life insurance and leverage your Trust?
- Email Ben at ben@abundancegroup.com, or use the link below to receive your free quote!
- Get your free quote here: https://www.abundancegroup.com/insurance
Instructions for setting up a Wyoming LLC can be found here:
- How to Set up a Wyoming LLC
Outline:-Tax implications of paying off loan early. (0:02)
-Trusts, beneficiaries, and meeting minutes. (10:34)
-Trusts, beneficiaries, and taxes. (21:42)
-Trusts, businesses, and foundations. (37:00)
-Tax deferral and Charitable Trusts. (43:57)
See the Video Recording here: https://zoom.us/rec/play/MGcjWRt8n2YwGEfPlVQza7JB7WVxOXhMISC6St02E71KwHTiGGWpowbJUxyCHpDZyLqfX9_dBw2hXZ6o.V2c2eWXbEi7Wonax?autoplay=true&startTime=1696262722000
Access the Live Transcript here: https://otter.ai/u/sPByYUVEpXtTja-WVI1tgM6i4RE?utm_source=copy_url
Looking to invest in life insurance and leverage your Trust?
- Email Ben at ben@abundancegroup.com, or use the link below to receive your free quote!
- Get your free quote here: https://www.abundancegroup.com/insurance
Instructions for setting up a Wyoming LLC can be found here:
- How to Set up a Wyoming LLC
Outline:-Accounting for cash transfers to Trusts. (0:00)
-Trust and document signing. (6:12)
-Trusts, taxes, and accounting. (15:42)
-Trust taxes and capital gains. (22:35)
-Trust taxes and accounting income. (31:16)
-Retirement account strategies and deferred compensation. (40:35)
-Deferred Compensation Trusts and Personal Trusts. (48:58)
-Tax returns and Land Trusts. (57:41)
See the Video Recording here: https://zoom.us/rec/play/od6tGyfTAATY3mrTkoE6bAryclTFdpl5rJKoCckwOt6vo5JX8yYcbwMwx-9KoYA3GNpQrMn8vgwbwId7.ZApXKClR4SwIbkTo?autoplay=true&startTime=1695658175000
Access the Live Transcript here: https://otter.ai/u/l1T55jt59rtkhtefgLW50mAERSI?utm_source=copy_url
Looking to invest in life insurance and leverage your Trust?
- Email Ben at ben@abundancegroup.com, or use the link below to receive your free quote!
- Get your free quote here: https://www.abundancegroup.com/insurance
Instructions for setting up a Wyoming LLC can be found here:
- How to Set up a Wyoming LLC
Website: www.abundancegroup.com/wyllc
Contact: Dave Davies
Email: dave@wyomingllcattorney.com
Phone: (505) 250-6607
Outline:-Trusts, family, and celebrations. (0:00)
-Trusts, taxes, and business structures. (5:07)
-Setting up a Wyoming LLC for a family Trust. (13:46)
-Tax return calculations and deductions. (21:01)
-Taxes and Trusts with financial advisor. (28:16)
See the Video Recording here: https://zoom.us/rec/play/UbT1rIdtO_NqvznFS4wWYRAJkv7fkvhW2IwgAuZC8tQgbcQtNHzPS5GV_5DK8pNfBNLlB76tFGVVCCD5.rDx-dN9XzGTThiNu?autoplay=true&startTime=1695053242000
Access the Live Transcript here: https://otter.ai/u/AfPgTlevmytbXPLquOV3dgoT81o?utm_source=copy_url
Looking to invest in life insurance and leverage your Trust?
- Email Ben at ben@abundancegroup.com, or use the link below to receive your free quote!
- Get your free quote here: https://www.abundancegroup.com/insurance
Instructions for setting up a Wyoming LLC can be found here:
- How to Set up a Wyoming LLC
Outline:-Mission calls and foundation setup. (0:06)
-Bonds for Trust investments in California and South Dakota. (3:01)
-Gift tax changes and accounting questions. (6:04)
-Taxes and accounting for a Business Trust. (21:29)
-Trusts, taxes, and Medicaid planning. (36:37)
-Accounting for cash sale and shares in a Business Trust. (47:19)
See the Video Recording here: https://us02web.zoom.us/rec/play/vtL9AXXMNDgiFqdavN6ZK1yxXwi5h_txJyjtIAUSVrV7ykNx-KjELLRcm_Mh8NT0Sgn14t5pt6hwHvb_.uVckE3nGddY1BpmN?autoplay=true&startTime=1694448209000
Access the Live Transcript here: https://otter.ai/u/NEt6H7BwweHpAEjR_u6vVxOJKwM?utm_source=copy_url
Looking to invest in life insurance and leverage your Trust?
- Email Ben at ben@abundancegroup.com, or use the link below to receive your free quote!
- Get your free quote here: https://www.abundancegroup.com/insurance
Instructions for setting up a Wyoming LLC can be found here:
- How to Set up a Wyoming LLC
Outline:-Do Business Trusts and Foundation lend funds for real estate purchases? (0:02)
-How to avoid self-dealing. (6:01)
-The operational rules for Land Trusts. (13:15)
-Do I have to leave the funds alone for a year? (22:57)
-What happens upon the termination of the Trust? (30:19)
-How to use the South Dakota address. (38:59)
-Do you have a question about personal taxes? (44:21)
-Connections to the NCSPT. (51:23)
-Fees and fees. (1:00:43)
-The interest that the Trust is paying to the Trustee. (1:06:42)
-The difference between a Trustee and a Beneficiary. (1:14:02)
See the Video Recording here: https://us02web.zoom.us/rec/play/epDrPbQdkY-MzLscxd5dvUAPHLOMfDbv7nxj4d6Lv05GEw6L1rDKj2psIK5OOInNHwv741pBa-jhl9xp.5cfIBOJBNzUordX6?autoplay=true&startTime=1692633819000
Access the Live Transcript here: https://otter.ai/u/uZR9Bh_JcKmW7eMjXAYOX_3FGys?utm_source=copy_url
Looking to invest in life insurance and leverage your Trust?
- Email Ben at ben@abundancegroup.com, or use the link below to receive your free quote!
- Get your free quote here: https://www.abundancegroup.com/insurance
Outline:
-Who signs on the Waiver of Notice? (0:02)
-What does it mean to distribute the income? (7:33)
-The initial interest holder is always the Personal Trust. (15:32)
-The value of the units. (23:59)
-Understanding the Deferred Compensation Trust. (32:46)
-Liability and liability of the Trustee. (43:20)
-Do you need to register your foundation? (50:37)
-Lending against the property to enhance the homestead exemption. (58:02)
See the Video Recording here: https://us02web.zoom.us/rec/play/WvtB6YlHl9qd2s1Gmn4OVdXVQe9TQ4UvzeMHZUAH2CtILXsg3-LpfSjRIlqy389Fym88Tuuv72F3bAC_.QYCX9YLlLEquAVO6?autoplay=true&startTime=1692028992000
Access the Live Transcript here: https://otter.ai/u/0nJoMDOzdbAayD_xc8lOZeIaZV0?utm_source=copy_url
Looking to invest in life insurance and leverage your Trust?
- Email Ben at ben@abundancegroup.com, or use the link below to receive your free quote!
- Get your free quote here: https://www.abundancegroup.com/insurance
Outline:-Nursing home care eligibility requirements. (3:11)
-Capital gains.. (11:26)
-Selling the property and creating a Land Trust. (18:01)
-Distribution of capital gains to investors. (25:10)
-Do we need a separate business account for cash? (31:51)
-Returning the money to the Personal Trust. (38:26)
-Lending money vs. lending equity. (45:32)
-Why are there no files in my Sharefile? (51:55)
See the Video Recording here: https://us02web.zoom.us/rec/play/u7lbgsGMgxXWYL356lAE9Uetqc-Soa_TlAb1t4rRw0p0VGkE5gvHy389qlM_dGE9sgwcRFgC0T0AP8J5.YghGaJYEUi5LU3iF?autoplay=true&startTime=1691424391000
Access the Live Transcript here: https://otter.ai/u/hl_Tvd8wQzbR6J_6vwC1-10XQq8?utm_source=copy_url
Looking to invest in life insurance and leverage your Trust?
- Email Ben at ben@abundancegroup.com, or use the link below to receive your free quote!
- Get your free quote here: https://www.abundancegroup.com/insurance
Outline: -How to find the instructions for decanting a Land Trust. (5:56)
-Define the beneficiary's name. (13:22)
-When will you introduce personal access to the Trust platform? (21:45)
-Sample mission statement for you. (29:53)
-Increase the purchase price by 20k. (35:54)
-Desserts at Hard Rock. (41:13)
-Kids involved in the business. (49:56)
See the Video Recording here: https://us02web.zoom.us/rec/play/pS529G2_WkDN2cH_rcvcIz4JtwXqObOlYRMII9WQZGeeikPs0wrabTM9blb8K2ODvVskNDLBEedrsN22.g0orgl__hSWOG4Hr?autoplay=true&startTime=1690819563000
Access the Live Transcript here: https://otter.ai/u/FjxQt4VRZeeg4k8jTMHI5At7Sls?utm_source=copy_url
Looking to invest in life insurance and leverage your Trust?
- Email Ben at ben@abundancegroup.com, or use the link below to receive your free quote!
- Get your free quote here: https://www.abundancegroup.com/insurance
Outline:
-How did the event go? (4:00)
-Automation for the new trust. (10:08)
-Do we have to do a waiver of notice? (15:11)
-The difference between a business and a foundation. (22:42)
-Setting up a division of the trust. (26:27)
-The demand note for a personal trust. (33:59)
-Wyoming Private Trust Company. (38:45)
See the Video Recording here: https://us02web.zoom.us/rec/play/z2r9zuaPmHPduonbS9G3KbkXLYFlzFEV2ks21WqK8GaFyVg4MQr7g1JffY-FimhQVG6fiWutRa7VQP_E.hX3sHUHh644RvHJ3?autoplay=true&startTime=1689610109000
Access the Live Transcript here:https://otter.ai/u/L8bXfIyQCaGBkPT5AnEJB68JcmU?utm_source=copy_url
Looking to invest in life insurance and leverage your Trust?
- Email Ben at ben@abundancegroup.com, or use the link below to receive your free quote!
- Get your free quote here: https://www.abundancegroup.com/insurance
Outline:-The importance of having an attorney as a Trust Protector. (3:13)
-Transitioning intellectual property into a Trust. (5:19)
-Setting up a trust for estate planning. (9:45)
-Limitations of a private foundation grant. (15:42)
-The importance of having a Wealth Advisor. (17:56)
-Mark’s background in the field. (22:12)
-Mark’s background and how he got started. (24:15)
See the Video Recording here: https://us02web.zoom.us/rec/play/2KUy1PuOcJ1wzMgnolOWiaFZWVpyz7Vp2O7Ryvn-J2ZoaQlVOm_ovjXFPGdyePgpOvavwkx0lxCoBNnx.x2gz8icZk3KigDIf?autoplay=true&startTime=1689005079000
Access the Live Transcript here: https://otter.ai/u/mfSbNFL40yWqvcbR0Sp8JFVnb0w?utm_source=copy_url
Register for our first Annual Mastermind and Networking Event here: https://www.abundancegroup.com/2023event
- CONFIRM YOUR ATTENDANCE HERE: https://www.abundancegroup.com/2023confirm
Looking to invest in life insurance and leverage your Trust?
- Email Ben at ben@abundancegroup.com, or use the link below to receive your free quote!
- Get your free quote here: https://www.abundancegroup.com/insurance
Important Documents from this Call:
- Appt and Removal of Successor Divisional Trustee: https://docs.google.com/document/d/1tuaMTs3-yk2aWOKq3dFkrBoalLN3_Zmuxd7Vsz0kguM/edit
- Removal of Divisional Trustee: https://docs.google.com/document/d/11PIKLlHdTt-Ahq6r8C-W-XdX3JmEE-XC5lxjeswMd0g/edit
Outline:-Business trust vs. Foundation. (0:00)
-Creative ways to deal with backpedaling. (3:38)
-How to get reimbursed for your mileage? (8:43)
-Ownership of the shares. (12:28)
-What prompted the change in thinking? (17:34)
-How does Danish tax law work on gifts? (24:55)
-Removing the successor trustee. (29:10)
-Selling a property to a trustee. (36:00)
-Appointment and removal of a divisional trustee. (47:54)
See the Video Recording here: https://us02web.zoom.us/rec/play/7PWsqONrY6IEBELNyUn43SBaFgvb8MzJLksWf9L5chmZSia76oF8ijEMr84w1jHgqmONE5kxXIjo-8Iw.-Jml_oGvyOeZgyUy?autoplay=true&startTime=1687190533000
Access the Live Transcript here: https://otter.ai/u/c308LdKU2Dvx3U2-Hj_L16DMCQY?utm_source=copy_url
Register for our first Annual Mastermind and Networking Event here: https://www.abundancegroup.com/2023event
- There are a limited number of rooms blocked for the event with discounted rates available. Please book your room sooner than later to guarantee these rates!
- CONFIRM YOUR ATTENDANCE HERE: https://www.abundancegroup.com/2023confirm
Looking to invest in life insurance and leverage your Trust?
- Email Ben at ben@abundancegroup.com, or use the link below to receive your free quote!
- Get your free quote here: https://www.abundancegroup.com/insurance
Important Documents from this call:
- Establishing a Wyoming LLC: https://www.abundancegroup.com/wyomingllc
- Operating Your Trust - Real Estate: https://drive.google.com/drive/folders/1sSQb_8N4zZB75OMbd7Abj4XJ9nZtS0yX?usp=sharing
- Waiver of Notice (Please download before making changes!): https://docs.google.com/document/d/15HHnnyfrL3EyxY0ssKV8zrFZp3viSREz/edit
- Trustee Personal Use Lease: https://drive.google.com/file/d/1YgijDGUpB9d8kxv3BLz6r7LMQCAdqQAL/view?usp=sharing
- Thinking of investing in a Private Family Foundation? Watch this video for more information: www.abundancegroup.com/foundations
Outline:-Why does it have to be a divisional Trust? (6:18)
-Shareholders vs. Beneficiaries. (13:04)
-Benefits of a trustee. (21:42)
-Is passive income considered income. (27:44)
-The difference between a deed and a bill of sale. (35:11)
-Why we can’t send the deeds to a Land Trust? (40:06)
-The benefits of having a Land Trust. (48:52)
-Beneficiaries. (56:00)
-Selling the business to a Trust. (1:07:02)
-The problem with a Private Family Foundation. (1:13:00)
-The difference between a Private Family Foundation and a Charitable Trust. (1:22:03)
-The benefits of having a Private Charity. (1:27:39)
See the Video Recording here: https://us02web.zoom.us/rec/play/7S-HNoK74G0UXaCI960AI10SVnnbdsLMHZbynqHnFjdG5oUIGOuKcaRRdg7IF5dzcpvRvEMbB60axUEe.VfDxBdsXUvdqP83T?autoplay=true&startTime=1684771456000 Access the Live Transcript here: https://otter.ai/u/PvBgLX_Qn8xBoq9_IRCC7N4S1Yw?utm_source=copy_url
Register for our first Annual Mastermind and Networking Event here: https://www.abundancegroup.com/2023event
- There are a limited number of rooms blocked for the event with discounted rates available. Please book your room sooner than later to guarantee these rates!
Looking to invest in life insurance and leverage your Trust?
- Email Ben at ben@abundancegroup.com, or use the link below to receive your free quote!
- Get your free quote here: https://www.abundancegroup.com/insurance
Outline: -Managing a business with a contract. (3:00)
-Managing the Business Trust and Personal Trust. (8:39)
-What is the Business Trust division? (12:26)
-Setting up a Wyoming Private Trust Company. (18:52)
-How do you become a Wyoming LLC? (24:18)
-How to open a checking account? (28:28)
-How to introduce a Business Trust into your Personal Trust? (34:25)
-Automation of business divisions. (37:54)
See the Video Recording here: https://us02web.zoom.us/rec/play/P_Mb5wUnuQv5YX9-7nZ8ACQ9kkaLqSxQbunmnQfyYvsyQCdH5D_DTogNJDvqkUD3z6wcHbSfYH5JNjFb.Qo-9esKKtyi_pMzz?autoplay=true&startTime=1683561809000 Access the Live Transcript here: https://otter.ai/u/acXkr6kMcOe5h9EgsooAkExIBIY?utm_source=copy_url
Register for our first Annual Mastermind and Networking Event here: https://www.abundancegroup.com/2023event
- There are a limited number of rooms blocked for the event with discounted rates available. Please book your room sooner than later to guarantee these rates!
Looking to invest in life insurance and leverage your Trust?
- Email Ben at ben@abundancegroup.com, or use the link below to receive your free quote!
- Get your free quote here: https://www.abundancegroup.com/insurance
Outline: -How to pay off the debt? (2:26)
-Paying off the debt. (7:34)
-How to prepare questions for the screen. (9:09)
-What’s up with the workload? (12:56)
-How did you decide to work with David? (14:31)
-There’s a solution to the problem. (18:26)
-Trust purchase of the property. (21:45)
See the Video Recording here: https://us02web.zoom.us/rec/play/scVEtKCFwkw2oH47p0706CK3I5Zza92yQBPWE7yOBfH8zoZXUj4Q09qm4nz9Keica9zcR_RamVWNvrhE.6Ay3viB9P1RsRT2i?autoplay=true&startTime=1682957332000 Access the Live Transcript here: https://otter.ai/u/JaDkmhakjEjG8Ykn1wS_6JgFT4Y?utm_source=copy_url
Register for our first Annual Mastermind and Networking Event here: https://www.abundancegroup.com/2023event
- There are a limited number of rooms blocked for the event with discounted rates available. Please book your room sooner than later to guarantee these rates!
Looking to invest in life insurance and leverage your Trust?
- Email Ben at ben@abundancegroup.com, or use the link below to receive your free quote!
- Get your free quote here: https://www.abundancegroup.com/insurance
Outline: -Next millionaire jumpstart in Pittsburgh.
1:17
-A division of the Business Trust.
5:57
-Distribution directly to the foundation.
11:31
-The fringe benefits of the foundation.
16:33
-There are no restrictions with a business trust.
20:18
-Where do the event costs come from?
22:23
-What is a license to use?
25:56
-Should I keep all expenses for the business in the LLC?
31:10
-Sneak peek at the future of the company.
35:13
See the Video Recording here: https://us02web.zoom.us/rec/play/bkp5V6y4xk6xXV_e92juklvlFhncg-pyyJZLjxBRdtDSDKftOt9lrhrYbuo99btRcNHHRqlQksgzInEj.-9H6o4TOLwiDJpg7?autoplay=true&startTime=1682352296000 Access the Live Transcript here: https://otter.ai/u/FLp9eSXvEG3KI_gaWkKOQhL_IQE?utm_source=copy_url
Register for our first Annual Mastermind and Networking Event here: https://www.abundancegroup.com/2023event
- There are a limited number of rooms blocked for the event with discounted rates available. Please book your room sooner than later to guarantee these rates!
Looking to invest in life insurance and leverage your Trust?
- Email Ben at ben@abundancegroup.com, or use the link below to receive your free quote!
- Get your free quote here: https://www.abundancegroup.com/insurance
Outline:-What’s the problem with the online application?
1:59
-How do you apply for the program?
8:34
-How to create a division of the Business Trust.
14:33
-How to build corporate credit faster.
23:10
-How do you structure a Personal Trust?
25:26
-The only real rationale to go through a private conveyance.
30:23
-The importance of having a strategy in place.
35:46
-How do you look at taxes?
39:08
See the Video Recording here: https://us02web.zoom.us/rec/play/LfvInZmdJItX6vtUnA2-1OhQImgpLmqEueKqPpzLJzXPdIWQMiMElx0l7kjfoJ8H9ilwbSQpz6JTLKhU.XnCCqilK97IGdoWI?autoplay=true&startTime=1681142668000 Access the Live Transcript here: https://otter.ai/u/OaDj79eoOYq2IYW_Wxis8ZimkV4?utm_source=copy_url
Register for our first Annual Mastermind and Networking Event here: https://www.abundancegroup.com/2023event
- There are a limited number of rooms blocked for the event with discounted rates available. Please book your room sooner than later to guarantee these rates!
Looking to invest in life insurance and leverage your Trust?
- Email Ben at ben@abundancegroup.com, or use the link below to receive your free quote!
- Get your free quote here: https://www.abundancegroup.com/insurance
Important documents used on this call:
- Articles of Formation - Real Estate: https://docs.google.com/document/d/1y1DMfnicfye-FDncgZzttCKswHV_Oqox/edit?usp=sharing&ouid=115143930428794792317&rtpof=true&sd=true
- Divisional Certification of Trust: https://docs.google.com/document/d/1WC1haX32uKbjpamLi9UxMSOpC0rZFBXE/edit?usp=share_link&ouid=115143930428794792317&rtpof=true&sd=true
- Instructions for Creating Divisions: https://docs.google.com/document/d/1K5sDSC-mMe5XcB7BIFMPFA3urdCeQb_5fYbsszuus1k/edit?usp=share_link
- Treasury Bills: https://www.treasurydirect.gov/marketable-securities/treasury-bills/
Outline: -The definition of self-dealing in the business trust.
7:19
-The articles of formation.
13:50
-How to register a Land Trust.
22:51
-Distribution of income in a Business Trust.
28:38
-Transitioning from active income to passive income.
36:34
-How to lock in your reserve accounts.
44:13
-FDIC insurance and interest.
48:17
-The second thing about all of this.
53:23
See the Video Recording here: https://us02web.zoom.us/rec/play/WCfgRNoF89GhxGhengdzrbcW4OBD0vWJdj-Xa-XsOOLPxyH7xLpZyWi_B945mHicZBesqg4G1Ebs3CEC.cf3ba1EsEuijojqr?autoplay=true&startTime=1679932968000 Access the Live Transcript here: https://otter.ai/u/kdgbwlUpYW7EcBKSpSDLnWVDZSQ?utm_source=copy_url
Register for our first Annual Mastermind and Networking Event here: https://www.abundancegroup.com/2023event
- There are a limited number of rooms blocked for the event with discounted rates available. Please book your room sooner than later to guarantee these rates!
Looking to invest in life insurance and leverage your Trust?
- Email Ben at ben@abundancegroup.com, or use the link below to receive your free quote!
- Get your free quote here: https://www.abundancegroup.com/insurance
Outline:
-Licensing requirements and licensing requirements.
5:32
-Do we have to do anything with the interest in the PLLC?
9:58
-Membership interest management in partnership interest.
15:34
-Can a trust be taxed as a partnership?
20:16
-What are the chances of a late classification request getting approved?
27:16
-How to account for personal miles vs business miles.
31:35
-Paying for the business lease.
39:21
-Who is the beneficiary of the business trust?
45:11
See the Video Recording here: https://us02web.zoom.us/rec/play/hNPpZE2WCh7IwC8QavPx6VQboyS9CFumxOImsXbRAUasToS-2B-cCUil0umDeWqCr3QEPbipP28e99uY.knZ5VbML8To25lOV?autoplay=true&startTime=1679328430000 Access the Live Transcript here: https://otter.ai/u/rpjIQH5R8eh4Mck1rK8SWKzQNeE?utm_source=copy_url
Looking to invest in Life Insurance and leverage your Trust?
Receive your Free Quote here: https://www.abundancegroup.com/insurance
Reach out to Charles Hooper with the Stewardship Institute to file the 1023-EZ Form to receive your determination letter:-Charles Hooper:
-Phone: (916) 543-3205
-Email: stewardshipgroup@yahoo.com
Taxes on Self-Dealing: Private Foundations | Internal Revenue Service: https://www.irs.gov/charities-non-profits/private-foundations/taxes-on-self-dealing-private-foundations
Goodwill vs. Other Intangible Assets: What's the Difference?:https://www.investopedia.com/articles/investing/100614/goodwill-vs-other-intangible-assets-whats-difference.asp#:~:text=Key%20Takeaways,agreements%2C%20and%20website%20domain%20names
About Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations: https://www.irs.gov/forms-pubs/about-form-7203
Outline: -How long does it take to get a determination letter?
6:23
-Family Retreats to the heart.
13:07
-The definition of an endowment.
17:46
-Forming a Pllc in Oklahoma.
24:12
-The definition of impairment of goodwill.
30:18
-Do you need to do tax returns for each division?
37:15
-Filing a form to establish a partnership.
42:56
-How to prepare a Cfr for a trust.
48:17
See the Video Recording here: https://us02web.zoom.us/rec/play/NbUsE9URbhDzD6C27pud9zYBphf2dycDOOeKH52qwWH9duUPxs8UeFUQUxlgXiV8eZfN138-HxDsu-Yw.6WlYQ2AiHVGfrzZ4?autoplay=true&startTime=1675098498000 Access the Live Transcript here: https://otter.ai/u/ZTHL7jVSSLIbJi43NTzyPP2ZYqI
Outline:
-How do I determine how many units to allocate in the trust?
2:56
-Selling the properties to the trust.
8:05
-How to get the money from the sale?
13:47
-Transitioning the property into a trust.
16:04
-Make sure you have a written agreement of divorce.
18:48
-Do not lie to the court about assets.
21:23
-Where is the money going?
25:21
-Why don’t you use accounting software?
29:16
-The difference between land trust and personal trust.
36:39
-Transitioning from personal trust to business trust.
41:35
-Question from a customer about a new division.
49:35
-Lease agreements for the non-operating divisions.
51:10
-The triangular structure of the trust.
56:55
-Passive vs. active income.
1:00:15
-Professional services agreements for real estate.
1:03:17
-Selling cash to a business trust.
1:07:32
See the Video Recording here: https://us02web.zoom.us/rec/play/WkfO2nYRwWq63MR6sX6oc6dDYL2GpHuYwgELRyhYG7eUUUE4njS5MmnepTldn0DeZh_-PKDfS0rJFHqp.RvhIJ1wqTTFp-kNm?autoplay=true&startTime=1673888767000 Access the Live Transcript here: https://otter.ai/u/Cw6pqSh0ziNvClLFz3n-UPPtEQs
Instructions for Creating Divisions to own Real Estate from Decanting Land Trust: https://docs.google.com/document/d/1WeQf8rDeQe_ScnapcA4v_ZOE31loc-TEXMicpmGjDzM/edit
Divisional Letter of Introduction and Instruction: https://docs.google.com/document/d/1z0RnlevUzqUb7ghApyO-9JC4RuG2CxNb/edit
Outline: -How to create a land trust.
4:56
-There’s no one-size-fits-all land trust.
10:40
-Do not use the land trust.
19:45
-Ownership of the property within the business trust.
27:25
-Gift tax exemption for land transfers.
35:38
-How do you justify your tax evasion?
43:14
-Social Security numbers for each division.
48:48
-How to get EIN numbers for a business division?
57:29
See the Video Recording here: https://us02web.zoom.us/rec/play/v7vOcE55OA3ogvrYlP5l_uNiwlhKwQ0Sv2xXEuJtYPQtTBK6sKjh1bYxa7OORdTqWrfel0i17TzI1LCp.odXVHkQTGfJkn8PH?autoplay=true&startTime=1672765365000 Access the Live Transcript here: https://otter.ai/u/GMFGGjcN_FFjXjhXYltCMgBCGOc
Outline: -How do you know if you’re going to make ACN a big part of your business?
6:37
-How do you get separate corporate credit for each division?
16:04
-How long does it take to get a ruling from a court?
26:12
-What is a divisional certification of trust?
32:01
-The maximum number of units the division is allowed to issue.
39:01
-What is a co-trustee and divisional trustee in a business trust?
48:41
-Who can be both a divisional trustee and an interest holder in a business trust?
1:00:25
-The interest holder does not need to have any management or voting rights.
1:05:51
-Do you have to file an amended deed? Do you need an affidavit of trust?
1:12:15
-Make sure you specify the successor trustee as part of your affidavit.
1:20:54
-The more properties you have, the more you have a target on your back.
1:27:24
See the Video Recording here: https://us02web.zoom.us/rec/play/RNyy0J1PH_WtyDd_Xl1kqQo19NaTTIvaEHFuUkn0OXR-IkSRj5ZxyZEMHqM_Zk-1-9ZZhDyJfiURb-4q.k48tH-T1f7ukxdlM?autoplay=true&startTime=1671469441000
Access the Live Transcript here: https://otter.ai/u/JqO3cOv0eA4gLBJzFGJhoYYf95w
Instructions for Creating Divisions: https://docs.google.com/document/d/1K5sDSC-mMe5XcB7BIFMPFA3urdCeQb_5fYbsszuus1k/edit?pli=1
Outline: What is the real liability to us as a business property would be owned by the business trust?
-6:34
Why do you need a separate division for employee-owned vehicles?
-14:50
The average tenure of a self-storage manager is three years.
-22:55
The division of the trust must have the word “trust” in it.
-30:56
What should happen if the money is transferred from the personal trust to the business trust?
-37:58
What is the distribution of interest in a business trust?
-47:30
Distribution of excess capital in a business trust.
-54:47
What is the difference between a property management division vs. a business division?
-1:00:40
Who is the interest holder of the property management division?
-1:06:41
What’s the difference between passive and active income?
-1:14:09
Distributing from A to B to C.
-1:18:06
Using fiduciary accounting in a trust.
-1:27:13
How to use the same trust instrument to manage different types of businesses.
-1:35:49
What is DNI and how does it work?
-1:42:25
See the Video Recording here: https://us02web.zoom.us/rec/play/n1FQ83DBYBBE4T-6eeqna9rO7j_TxwXVnjQiQxwxq6PmdUWufvVG-uhzkNVw8Hx4SguOQoKew7gZAY4p.NG1fKR57UtlTRD1g?autoplay=true&startTime=1670259693000
Access the Live Transcript here: https://otter.ai/u/NTplV-sTJOvMidI3jMwn4oEoDB0
Outline:
How can you trigger a gift from a trust?
-9:55
The power of an irrevocable life insurance trust.
-16:38
Only assets that create passive income can be held in a business trust.
-21:34
Do you have a business trust or a personal trust?
-28:49
What schedules need to be filed with 1041? Is it one schedule for all of the operating companies? Or is it a separate schedule for each one
-34:51
What’s the difference between a CPA and a partnership?
-41:10
If you operate your trust personal or business in a way that never generates a taxable event, then none of this matters.
-46:26
How do you know if you have a taxable event outside of the trust?
-51:04
How do we recapture the depreciation we have not taken for the past three years?
-56:03
How do you know which part of the distribution is capital gain or passive income?
-1:00:42
What’s going to happen with the new Notary Certification?
-1:08:55
See the Video Recording here: https://us02web.zoom.us/rec/play/K4xRTWCBvwjguvffcYQ8lHJqEErW6I5DkZCwzRmAg30zutiTy51x9sqe1D-qLDQ7ISeORP4AQoeUJuY4.p7su8Aqm3NorG6OT?autoplay=true&startTime=1667840622000 Access the Transcript here:https://otter.ai/u/dbo3Ce_crqUyQmLEr_Ox7t4Lwm8
See the Video Recording here: https://us02web.zoom.us/rec/play/3T10EUE7h6HyonYveCQLn2ZTh_yZolF2wuAQdgwWFwMPAn6Tg8KD5gJ5tS8geEHx4v5kVJG3j0VHH-8c.fkV2hKlxLnfo-7n6?autoplay=true&startTime=1666627548000 Access the Transcript here:https://otter.ai/u/iJQh9H5AMcC_gftJJqOfUBB8Oo0
Decision Tree: http://www.abundancegroup.com/decisiontree
Outline: -What’s the difference between a land trust and an LLC?
7:33
-What is a land trust and how does it work?
12:36
-It’s not a gift tax return, it’ is just an unkind distribution.
17:48
-The distinction between a trust and a musical chair -.
31:05
-What is the amount of trust in the affidavit?
36:16
See the Video Recording here: https://us02web.zoom.us/rec/play/mMJlkOZK9kFEEZFRnCsleyq33MtMQuBwxgNbaQfGUtdWzvEGIj8z8Qw6hSWk0jwa_7oVjvE_MJdUNop1.EDOYhg12KVzGs7Vc?autoplay=true&startTime=1665417710000 Access the Transcript here: https://otter.ai/u/z0K04LM8d4vdMqC1zitzTNlGEdE
LLC Operating Agreement-Statement of Membership Interest, Partnership Interest and Identification of Manager: https://docs.google.com/document/d/1cqD3ly4NJV3J2-yByChpKvPZYetoCRCS/edit
Outline: -What are the three bills of sale you need to do?
12:06
-What’s the difference between a business and a personal trust?
17:40
-What does it mean to be a voting trust?
24:27
-What’s a discretionary trust?
30:56
-How do you change the name of a business trust?
35:34
-The relationship between the division and the beneficiary is like an IRA.
43:13
-Will there be a clause in the operational rules that converts the real estate to personal property?
50:41
-What do you need an EIN number for?
57:20
-How do you use a division for a subject-to-buy transaction?
1:00:57
-What’s the difference between a trustee and a beneficiary in a trust?
1:08:00
-Do you need money at closing?
1:19:00