Peter J. Gilbert, Esquire and the Highpoint Institute Present:

Saving Taxes with Business Entities

Taxes, health care changes, and a slow economy create “evolutionary pressures” on business owners today – meaning they need to be “A” players in order to thrive, not just survive. We’ve become at once more cautious and more bold in the way we run our businesses and spend our hard-earned resources. More cautious, because we watch costs and ROI carefully, and more bold because we know that once again, capitalism’s forces of “creative destruction” mean our business may be developing into something different than it is now. In our estate planning, we may consider ourselves the current stewards of the family’s wealth, to be preserved for future generations.

We’re here to help you help your clients. You can network with other professionals, earn CE credits, and learn ideas for your practice at the HighPoint Institute on June 13th.

Our first topic is ”Sidestreaming” income for:

• Tax reduction;
• Asset Protection, and even
• Retirement Planning

We’ll cover how Sidestreaming income is different from Upstreaming income, when Sidestreaming makes sense for your clients and when it might not make sense.

For our second session, we’ll switch to a “Study Group” model, as we use a Case Study Approach to design “Senior Estate Plans” for Baby Boomers and retirees who want to include Long-Term Care protection in their planning. You need not have attended our introductory discussion at the May HighPoint Institute abut Senior Estate Planning in order to participate effectively on the Case Studies. As we brainstorm the case studies, we’ll touch on the use of specialists, the nuts and bolts of collaboration, the pros and cons of different types of insurance and trusts, the tax treatment of each, how they may be used with insurance, and we’ll weigh the pros and cons of planning for public benefits (specifically Medicaid and Veterans’ Benefits). We’ll also focus on how to communicate these planning concepts to clients.

Our third session is a case study of preserving a family business for the next generation. It involves using a business entities (a FLLC or FLP) for Estate Planning purposes, reorganizing and recapitalizing an original S-Corporation, and using trusts to ease succession of the business. We’ll also review the income tax effects of the planning.

CPA's, CFP's and Life Insurance Professionals:  Earn three FREE Continuing Education Credits in by attending this thought-provoking workshop!

Register Now!