Tag Archives: Liberated Wealth™

Episode 9 – CARES Act Considerations for Business Owners and Ultra High-Net-Worth Individuals — With Ken Van Damme of Ernst & Young



The Coronavirus Aid, Relief, and Economic Security Act, or the CARES Act, is an economic law designed to address the financial impact of the COVID-19 pandemic.

But how does this act provide support for entrepreneurs and business owners?

Today, Kyle Malmstrom joins Ernst & Young partner Ken Van Damme to provide an update on the CARES Act and what its provisions mean for business owners and ultra high-net-worth individuals.

In this episode, you will learn:

  • Business planning considerations for the Paycheck Protection Program
  • Ways the CARES Act is impacting the real estate industry, owners, and operators 
  • How Net Operating Loss (NOL) carry-back provisions can benefit business owners
  • How the CARES Act is enhancing charitable contributions and retirement plans 
  • And more!

Tune in now for your update on the CARES Act and the provisions that you need to know about!

Resources:  Centura Wealth Advisory | Ken Van Damme | Ernst & Young


Episode 8 – Powerful Strategies for True Asset Protection –– With Siddharth Chhokar



With 20 million lawsuits filed every year, asset protection has proven to be a major concern for wealthy individuals.

In this episode, Derek Myron speaks with Siddharth Chhokar of Chhokar Law Group about how ultra-wealthy individuals can achieve true asset protection. They discuss powerful planning options for people who live in states that don’t have asset protection laws, along with strategies for negotiating and for removing the threat of outrageous litigation.

In this episode, you’ll learn:

  • The difference between the segregation of risk and true asset protection
  • Which three states allow you to create a private trust company 
  • How to protect assets in your child’s trust — even though certain states don’t allow people to create self-settled asset-protection trusts
  • What actions to take before the tax landscape changes
  • And more!

This is an informative episode that you will want to rewind and listen to again! Tune in now to hear powerful planning strategies to help you achieve true asset protection.

Resources:  Centura Wealth Advisory | Chhoker Law Group: (858) 384-5757


Episode 7 — SBA PPP Loans: What “perplexed” business owners need to know! – with guest Dan Yates, CEO of Endeavor Bank



The Treasury Department recently issued new FAQs regarding SBA PPP loans. It addresses many key questions and issues, however, some business owners remain in the dark and are looking for clarity.  

In part three of the PPP loans series, Derek Myron speaks with Dan Yates, CEO at Endeavour Bank, to offer an insight from the banks’ perspective of the SBA PPP loans and the most recent expansion of the program. Together they break down the current funding situation, and what the recent FAQs do to provide more clarity – and in some cases create some unknowns.

In this episode, you’ll learn:

  • How banks are addressing SBA PPP loan applications
  • How internal and federal restrictions on banks may be impacting processing
  • Tips for business owners who feel “stalled” in the process
  • The chances of a third round of PPP funding
  • The loan forgiveness eligibility and process
  • And more!

Tune in now to hear facts and gain clarity about the SBA PPP program.

Resources:   Centura Wealth Advisory | Endeavour Bank

 


SPECIAL UPDATE: COVID-19, PART 2



In this follow-up COVID-19 episode, we expand on actions business owners should be taking in response to the  COVID-19 economic shut down, and follow up on some previously shared information. As the circumstances are constantly changing, we want our clients and the community to be well informed.

Dan Yates, CEO of Endeavor Bank, returns for part 2 of our COVID-19 special update. Dan provides advice and an update for business owners regarding the Paycheck Protection Program loans, how to effectively utilize the loan, plus how to best optimize for loan forgiveness and more.

Listen in for these important updates regarding this rapidly developing situation and key advice for business owners. 

Resources: Centura Wealth Advisory | Jonathan Freeman LinkedIn | Endeavor Bank | Dan Yates LinkedIn


Episode 4 — Harnessing the General Power of Appointment for Tax Planning — With David Gebhardt, Esq.



Centura Wealth Advisory believes in sourcing and vetting new strategies that complement traditional money management, allowing the firm to bring only the best value-added solutions to clients. To do so, they often bring in amazing people who share their vision can help clients achieve the best results.

Today, Kyle Malmstrom returns with special guest David Gebhardt of Centara Legal Group. Together, they discuss how they help clients save estate taxes with some extraordinary strategies using the general power of appointment.

In this episode, you’ll learn:

  • What the general power of appointment is and why it was introduced
  • Ways Centura Wealth Advisory gives clients greater flexibility with their estate planning
  • How the power of appointment can impact your tax planning
  • When and why you would use a power of appointment
  • And more!

Tune in now to learn how to use the power of appointment to help you Liberate your wealth!

Resources: Centura Wealth Advisory | Centara Legal Group


Episode 2 — Meet Centura Wealth Advisory’s David Cariani, CFA, CFP®



Centura Wealth Advisory believes in going above and beyond traditional money management to bring only the best value-added solutions to clients. To do so, they’ve brought on amazing team members who share their vision of what it means to have Liberated Wealth™.

Today, you’ll meet one of those team members, Centura’s co-chief investment officer David Cariani, CFA, CFP®. In this episode, get to know all about David and what drives him to help clients have the best planning experience — and why he’s such a good fit for the Centura team.

In this episode, you’ll learn:

  • Three key finance lessons David learned while growing up
  • Why David wants to maximize the value that families derive from their wealth
  • David’s proudest professional achievement
  • Why Centura’s team stands out from other firms
  • And more!

Tune in now to learn about David Cariani and what he brings to the table at Centura Wealth Advisory!

Resources:  Centura Wealth Advisory