Month: August 2020
Ep 32 – Jackie O: How the Underrated CLAT Can Help Wealthy Clients’ Heirs Save on Taxes –– With Carl Fiore

Ep 32 – Jackie O: How the Underrated CLAT Can Help Wealthy Clients’ Heirs Save on Taxes –– With Carl Fiore

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Are your clients charitably inclined, but also want to provide for their heirs? There may be a way to do both, while saving on taxes. 

In this episode, David Lenok, senior editor at WealthManagement.com, talks to Carl Fiore, a managing director in the Andersen U.S. National Tax office, about how wealthy people are saving their heirs from hefty taxes through the use of charitable lead annuity trusts (CLATs) and grantor retained annuity trusts (GRATs). 

Former first lady Jacqueline Kennedy Onassis (aka Jackie O) was credited with popularizing the now widespread use of CLATs. As you will soon find out, allowing her children to decide whether the CLAT was actually funded or not wasn’t a mistake, but rather, savvy planning on Jackie O’s part.

In this episode, you will learn:

  • Background information on Jackie O and her savvy planning
  • What a CLAT is and how it is used as a tax-savings tool
  • Why it’s important to have growth outside of the estate
  • How public or private a CLAT is
  • And more!

Tune in now to learn how to use CLATs and GRATs to help your clients protect their heirs’ future financial growth. 

Resources:  WealthManagement.com | Andersen 
Ep 31 – Death, Taxes, and Elvis Presley — With Paige Goepfert

Ep 31 – Death, Taxes, and Elvis Presley — With Paige Goepfert

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You work hard for your money, so don’t let the government take it all when you die. 

This is exactly what happened to one of the most significant cultural icons of the 20th century, Elvis Presley.

In this episode, David Lenok speaks with Paige Goepfert of Andersen Global to explore the financial mishaps of the late and great Elvis Presley. Through the American singer’s story, David and Paige highlight key takeaway lessons that can help you better prepare your finances for your death.

In this episode, you will learn:

  • The many ways tax planning can help you reduce your estate’s tax bill
  • How Elvis was misled about his finances
  • Ways can interest rates aid in your planning
  • Why 2020 could be to best year to become more charitable
  • And more!

Tune in now and learn about the importance of tax planning and how it affects your financial future!

Resources:  WealthManagement.com | Andersen Global