Tag: Liberated Wealth™
33. Creative Gifting Strategies To Optimize Your Estate Plan With Charles Levun

33. Creative Gifting Strategies To Optimize Your Estate Plan With Charles Levun

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A lot of people are minimizing their estate taxes through current estate tax exemptions. But what if you aren’t ready to transfer your wealth, and want to retain access to your assets?

There are multiple gifting strategies to help you do that.

Join Kyle Malmstrom and Charles Levun, partner at Levun, Goodman & Cohen LLP, as they dive into these tax saving strategies. They explore ways to help you transfer maximum wealth to your beneficiaries in light of the expected tax changes under the Biden Administration.

Charles discusses:

  • The potential impact of future tax changes on your estate plan
  • How to use trust funds to transfer wealth while ensuring creditor protection
  • Ways to enhance your tax exclusions by using various discounting techniques
  • What to do if your estate is too small to give away
  • And more

Connect With Charles Levun:

Connect With Centura Wealth Advisory:

About Our Guest:

Charles Levun is a partner and one of the founders of Levun, Goodman & Cohen. In addition to his role as a full-time practicing tax and business attorney, Mr. Levun is an author and educator who has developed a national reputation in the field of taxation. Mr. Levun has been practicing law since 1970, focusing on a business and tax practice, with a concentration in the representation of closely held businesses and wealthy individuals, business structuring and estate planning.
32. Key Things You Need To Know About Corporate Valuations With Brent Glova

32. Key Things You Need To Know About Corporate Valuations With Brent Glova

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For a lot of advisors, attorneys, CPAs, and other professionals, 2020 was one of their busiest years. Now, with hot market conditions and new rules and regulations, 2021 is shaping up to be even busier!

In this episode, Derek Myron is joined by Brent Glova, managing director at Vantage Point Advisors, Inc. They explore the ins and outs of the current valuation landscape for both private and public companies, and share strategies to help you cope with the changing market conditions.

Brent discusses:

  • The impact of COVID-19 on various valuation methods
  • Major factors driving the growth of the M&A market and business valuation needs
  • Tips for efficient and timely estate and gift tax planning to adapt to potential tax changes
  • Why you should start planning your valuation process as early as possible
  • And more

Connect With Brent Glova:

Connect With Centura Wealth Advisory:

About Our Guest:

Prior to becoming managing director in Vantage Point Advisor’s San Diego office, Brent Glova has been a director and manager with the firm. In his tenure in the valuation field, Mr. Glova has performed business valuations for purchase price allocations, goodwill impairment testing, share based compensation valuations, ESOP transactions, board advisory, shareholder buy-outs, fairness opinions, and for fundraising support. Mr. Glova has served domestic and international clients in an array of industries including: life sciences, technology, real estate and industrials, among others.
31. How Life Insurance Solutions Can be Used as an Alternative to Fixed Income Investments With Christopher Hyman

31. How Life Insurance Solutions Can be Used as an Alternative to Fixed Income Investments With Christopher Hyman

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The interest rate yield on traditional fixed income investments, such as bonds, are at an all-time low. Consequently, there is decreased upside potential and a greater downside risk.

In this episode, David Cariani, CIO, is joined by Christopher Hyman, senior case designer at Centura Wealth Advisory, to discuss how life insurance can be a powerful alternative vehicle for fixed income investments. They also dive into the trifecta of benefits that it provides –– downside protection, high liquidity, and an attractive upside potential relative to investments with a similar risk profile.

David and Christopher discuss:

  • How major banks have benefited from Bank-Owned Life Insurance (BOLI) investments
  • Key considerations to keep in mind while selecting a carrier for the life insurance
  • The eligibility criteria to invest in the Indexed Universal Life (IUL) insurance
  • Potential issues that can arise while investing in life insurance and ways to deal with them
  • And more

Connect With Centura Wealth Advisory:

About Our Guest:

Chris has been in the financial services industry for over 13 years. As Senior Case Designer, Chris models in-depth customized planning solutions that fit the diverse needs and goals of Centura clients, and also assists in the ongoing stewardship of those plans. Before joining Centura, Chris served as the sole Case Design specialist for an advisory member firm of M Financial Group, where he developed life insurance solutions for high net worth clients, geared toward estate planning, tax efficiency, and executive compensation.
Episode 30 – How Peer Advisory Groups Help You Learn From Fellow Business Leaders –– With Joe Phillips of The BEST CEO Group

Episode 30 – How Peer Advisory Groups Help You Learn From Fellow Business Leaders –– With Joe Phillips of The BEST CEO Group

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When business leaders from different industries come together, it can lead to a diverse set of perspectives that challenge you to think differently, and help you make better decisions. 

In this episode, Derek Myron is joined by Joe Phillips, founder and chairman of The BEST CEO Group. With nearly 23 years of experience in running businesses all over the world, Joe shares how he coaches and mentors several CEOs to improve their leadership skills and business acumen through his highly exclusive peer advisory group.

You will learn:

  • What Joe’s three peer groups are all about – and how they serve CEOs and their key employees
  • How a diverse group of businesses can help you broaden your scope of knowledge
  • Why sharing your issues with fellow executives can be highly impactful
  • What differentiates The BEST CEO Group from other peer advisory groups
  • And more!

Tune in now to learn how you can glean insights from fellow business leaders and enhance your leadership skills!

Resources: Centura Wealth Advisory: (858) 771-9500 | Derek Myron on LinkedIn | Joe Phillips on LinkedIn | The BEST CEO Group | Contact Joe Phillips at: Joe@thebestceogroup.com
Episode 29 – The Potential Impact of New Tax Proposals on Capital Gains Tax and Estate Planning

Episode 29 – The Potential Impact of New Tax Proposals on Capital Gains Tax and Estate Planning

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With the For The 99.5% Act proposal, estate tax and capital gains tax are expected to rise drastically starting in January 2022. Several tax benefits might also be eliminated.

What can you do now to minimize the impact of this act on your estate planning?

Derek Myron and Kyle Malmstrom answer this question in this episode. They discuss what the new tax proposal entails, the implications if it is passed, and things you can do before the 2021 year-end to minimize your estate taxes and ensure maximum wealth transfer to your beneficiaries.

You will learn:

  • Tax saving opportunities posed by the current, all-time high benefits
  • Why you should contact a professional and begin estate planning as early as possible
  • The benefits of IR-2019-189 regulations for your estate and gift taxes
  • Strategies to build a blueprint for efficient estate planning
  • And more!

Tune in now to learn how you can prepare yourself to deal with the expected tax changes!

Resources: Centura Wealth Advisory: (858) 771-9500 | Derek Myron on LinkedIn | Kyle Malmstrom on LinkedIn
Episode 28 – Finding the Right Insurance P&C Coverage for Your Business –– With Pamela Holden of Alliant Insurance Services

Episode 28 – Finding the Right Insurance P&C Coverage for Your Business –– With Pamela Holden of Alliant Insurance Services

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Insurance is a necessary risk management tool, but many business owners struggle with finding the right coverage, carrier, and riders, to meet their unique business.  But when a claim happens, who is on your side to navigate the complex and often misunderstood claims process?

In this episode, Jonathan Freeman is joined by Pamela Holden, Vice President at Alliant Insurance Services. With experience in law, accounting, and insurance, Pamela shares her expert insights on effective risk management strategies to help business owners get the best coverage for their needs.

You will learn:

  • How failing to focus on small details can cost you millions of dollars
  • Why you, as a business owner, should talk directly to the underwriters about your insurance needs
  • Why you should verify that brokers have a variety of subject matter experts on their team
  • Business risks posed by COVID-19 and ways to deal with them
  • And more!

Tune in now to discover best practices to minimize your business risk through insurance!

Resources: Centura Wealth Advisory | Jonathan Freeman on LinkedIn | Pamela Holden on LinkedIn | Contact Pamela: (858) 692-6945 | Email: pam.holden@alliant.com | Alliant Insurance Services, Inc. | Live Life Liberated, Episode 12 – Manage Business Risk with Potential for Financial Upside – With Guest Mark Sims of Captive Alternatives
Episode 27 – ESOPs as a Powerful Exit Planning Tool –– With Roy Farmer of Business Transition Advisors — Part 1

Episode 27 – ESOPs as a Powerful Exit Planning Tool –– With Roy Farmer of Business Transition Advisors — Part 1

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Selling your business to private equity firms might get you the highest sale value. But, it might not be ideal for your employees.

In part one of this two-part series, join Kyle Malmstrom and Roy Farmer, Managing Director at Business Transition Advisors, as they talk about a highly effective tool for exit planning –– Employee Stock Ownership Plans (ESOPs). They also discuss the key advantages offered by an ESOP and at what point is it the most suitable option for your business exit.

You will learn:

  • How to ensure that your employees are taken care of after you exit the business
  • The major tax benefits of an ESOP that could potentially save you millions in federal and state taxes
  • Ways to maintain control over your business even after you’ve sold 100% of your stock
  • How the benefits of an ESOP outweigh the costs involved
  • How ESOPs often end up with a significant competitive advantage due to tax savings
  • And more!

Tune in now to learn how an ESOP can benefit you, your company, and your employees!

Resources: Centura Wealth Advisory | Kyle Malmstrom on LinkedIn | Roy Farmer on LinkedIn | Contact Roy: (208) 761-3612 | Business Transition Advisors | An Introduction to ESOPs by Scott Rodrick
Episode 26 – Looking at the M&A Landscape Through a Legal Lens –– With Paul Johnson of Procopio

Episode 26 – Looking at the M&A Landscape Through a Legal Lens –– With Paul Johnson of Procopio

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Most business owners don’t realize the importance of compliance until they take their business to the market and are bombarded with questions from prospective buyers.

In part three of our M&A series, Derek Myron joins Paul Johnson, partner at Procopio, to discuss the key legal aspects of every M&A deal. Join them as they address the common complications that may arise, from a legal and compliance standpoint, while selling your business. They also provide several tips to help you get everything in order well before the time of the sale.

You will learn:

  • The expected market trends for 2021 – and various business and legal risks posed by COVID-19
  • How a potential increase in capital gains taxes might affect your business decision
  • Reasons to start preparing at least 12 months prior to the sale
  • How the initial price on a Letter of Intent (LOI) can decrease subject to multiple factors
  • The importance of consulting a lawyer that specializes in M&A instead of your general counsel
  • And more!

Tune in now to gain a deeper understanding of the legal components of M&A!

Resources: Centura Wealth Advisory | Derek Myron on LinkedIn | Paul Johnson on LinkedIn | Procopio
Episode 25 – The M&A World: How To Get the Best Value for Your Business –– With Eliot Peters of RA Capital

Episode 25 – The M&A World: How To Get the Best Value for Your Business –– With Eliot Peters of RA Capital

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The sale of a business is probably the most important transaction for every business owner and their family. It’s a life-changing event.

In part two of this M&A series, Derek Myron talks to Eliot Peters, managing director at RA Capital Advisors, to explore the growing opportunities in the M&A space. Considering that interest rates are at an all-time low and there are an increased number of strategic buyers, now might be the best time to get maximum value for your business.

You will learn:

  • What key macro forces are influencing the M&A landscape
  • Reasons to not rush into any decisions about selling about your business (and what to do instead)
  • Ways that the expected tax regime might affect your business sale
  • How to organize your company to look and feel more professional for  buyers
  • How RA Capital helps family-led businesses enter highly beneficial M&A deals
  • And more!

Tune in now to discover the increasing opportunities in the M&A world and get several tips on maximizing your business value!

Resources: Centura Wealth Advisory | Derek Myron on LinkedIn | Eliot Peters on LinkedIn | Email: Epeters@raca.com | RA Capital Advisors
Episode 24 – What Is In Store Under the Biden Administration Tax Regime and How You Can Prepare

Episode 24 – What Is In Store Under the Biden Administration Tax Regime and How You Can Prepare

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Now that we’re through the elections, and the Senate runoff, it’s time to look at the expected tax and estate law changes coming down the line under the new administration.

In this episode, Derek Myron and Kyle Malmstrom discuss some of the major tax changes expected to be announced in the coming years. They dive into various strategies to minimize the impact of the increased income and estate taxes on your finances.

In this episode, you will learn:

  • The potential implications of the Biden Administration’s proposed income tax reforms 
  • Ways to effectively transfer your wealth to your children with minimal taxes
  • How the Spousal Lifetime Access Trust (SLAT) helps you use your estate tax exemptions more efficiently
  • Why you must start planning early to benefit from multiple options that might not be available once legislative changes are enacted
  • How to make the most out of the current low interest rate environment
  • And more!

Tune in now to learn how you can be proactively prepared for the expected tax changes!

Resources: Centura Wealth Advisory | Derek Myron |  Kyle Malmstrom 

 

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