Q&A Call 11/01/23

See the Video Recording here: https://us02web.zoom.us/rec/play/zEAF0jFjzxhf0v52Dnykaw1Q8d3vUACAeXyai7hOLb2zCRW4ft7mNhDdAhdz6dnNoKa27uhCo1txXsYU.w5pLSso21YMr_qmy?autoplay=true&startTime=1698854957000

Access the Live Transcript here: https://otter.ai/u/sC9sKzmlmuksUjSwT0Odo_pRwyo?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

Amended Trust Questionnaires (ACQs)

• We are still in the process of sending out the Amended Client Questionnaires (ACQs). We will use the information provided in this document to create your Amended Personal or IP/Personal Trusts. With our integration of Salesforce, the ACQs will be sent via email from Conga Sign, not Citrix RightSignature.
  
  *To prevent these from going directly to your spam or promotions folders, please white list the following email address: sign@na1.conga-sign.com

Instructions for setting up a Wyoming LLC can be found here:

• How to Set up a Wyoming LLC

Establishing a Wyoming Private Trust Company

• Belgrove Management
• www.belgrovemanagement.com
• John Misiag
• (321) 837-9527

Networking Group Calls: 

• Every other Friday starting September 22nd, we will begin the Networking Group Calls. If you attended the event in July, we had break-out networking sessions. For the time being, you will be in the same group as you were at the event. 
• If you did NOT attend the event in July and would like to be added to a group, please complete the networking form located here: https://abundancegroup.com/networkingform 

Important documents/links from this call:

• Cornell Law School: 26CFR § 1.643(b)-1 - Definition of Income

Outline:
-Tax laws and Trusts with valuable insights. (0:01)
-Taxation of Trusts and LLCs in California. (11:58)
-Tax implications for trusts with multiple states involved. (19:21)
-Tax implications of Irrevocable Trusts. (25:19)
-Using a Private Family Trust Company (PFTC) for asset protection. (32:09)
-Taxation and management of a Private Trust Company. (37:46)
-Deferred Compensation Trusts for executives. (46:29)
-Non-profit foundation financial management. (52:50)
-Trusts, business structures, and credit building. (59:17)
-Trusts, certifications, and legal names. (1:07:22)