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2011 IJO Protecting And Transferring The Family Jewels

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Brian T. Whitlock
Brian T. Whitlock

IJO Presentation in Colorado Springs

1 von 34
 
Protecting and Transferring the Family Jewels Brian T. Whitlock, CPA, JD, LLM
Overview ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],Identify your Business Risks
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Protection from Business Risk
[object Object],[object Object],[object Object],[object Object],[object Object],Protection from Business Risk
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Protection from Business Risk
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Protection from Business Risk
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Identify your Personal Risks
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Personal Asset Protection
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Personal Asset Protection
2010 Tax Relief Act – Transfer Tax Highlights ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Unused Credit of Spouse is “Portable” ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Planning Recommendations ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Family Safety Net (Things you MUST DO) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Irrevocable Life Insurance Trust ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Remember “ You Ain’t Dead Yet!” Irving L. Blackman CPA, JD What are your Objectives? (Things you Might Do)
Transferring your Business “What are your Objectives?” ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Transferring the Business ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Buyer/ Transferee Dividend Rec’d - Interest Expense - Income Tax Net Cash available to service debt Seller/ Transferor Interest Income less ordinary Tax Principal less LTGC tax Net Cash to live on Infernal Revenue Service Triple Winner Sale by a “C” Corporation – Most Tax Inefficient KEY: Limit the Taxes by limiting the number of Taxable Transfers
Create a Tax Efficient Stream of Income ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],KEY: Create an Income Tax Efficient Business Environment
Create a Tax Efficient Stream of Income ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Unfunded Non Qualified Deferred Compensation ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Case Study ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Case Study Solution ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Death Benefit Only Plans ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Keys to Transfer of Business Interest ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Transfers to Third Parties ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],KEY: Manage Finances in order to Impact Value
Sale of Assets – What does the Seller Own ?
Transferring Financial Assets - Beyond the Basics ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Key Strategies for Family Transfers ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Grantor Trust AAA Received - No Income Tax 100% available to service debt Seller/ Transferor Interest + Principal (no tax) Income tax on S Corp Income Net Cash to live on Infernal Revenue Service Income Tax on S Corp Income Only Leveraged Transfer to Grantor Type Trust
Questions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
 

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2011 IJO Protecting And Transferring The Family Jewels

  • 1.  
  • 2. Protecting and Transferring the Family Jewels Brian T. Whitlock, CPA, JD, LLM
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17. Remember “ You Ain’t Dead Yet!” Irving L. Blackman CPA, JD What are your Objectives? (Things you Might Do)
  • 18.
  • 19.
  • 20. Buyer/ Transferee Dividend Rec’d - Interest Expense - Income Tax Net Cash available to service debt Seller/ Transferor Interest Income less ordinary Tax Principal less LTGC tax Net Cash to live on Infernal Revenue Service Triple Winner Sale by a “C” Corporation – Most Tax Inefficient KEY: Limit the Taxes by limiting the number of Taxable Transfers
  • 21.
  • 22.
  • 23.
  • 24.
  • 25.
  • 26.
  • 27.
  • 28.
  • 29. Sale of Assets – What does the Seller Own ?
  • 30.
  • 31.
  • 32. Grantor Trust AAA Received - No Income Tax 100% available to service debt Seller/ Transferor Interest + Principal (no tax) Income tax on S Corp Income Net Cash to live on Infernal Revenue Service Income Tax on S Corp Income Only Leveraged Transfer to Grantor Type Trust
  • 33.
  • 34.  

Hinweis der Redaktion

  1. This is the cover slide. This slide must always appear first, no edits can be made to it.
  2. Use this slide for a two line headline with one author and a headshot to place.
  3. Overview of Act Passed during the Lame Duck Session before Congress went on its holiday break. Act extends Bush Era Income Tax Rates Extended
  4. Use this for a one line headline. Notice the “Chicago shot” header. This is the preferred version. A simpler alternate version may be used for the header if desired.
  5. Use this slide if no text is necessary. Center image. Notice the “Chicago shot” header. This is the preferred version. A simpler alternate version may be used for the header if desired.