Certified Probate Real Estate Specialist
Asset * Finance
Legal * Estate * Tax Advisors & Planners
PHONE: 1 (941) 363-1375
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Client Preparation for Advisors & Planners
Advisors should be used for their particular expertise, not bookkeepers or assemblers of asset detail.
It is challenging to find a good investment without worrying to include the best title with proper position for your tax and estate plan. Few advisors have this ability even when assets are known. Without an uncomplicated visual of a client’s assets each advisor can hesitate to assemble and be knowledgeable of a client’s asset portfolio, does not know how, is too busy, or procrastinates. Writing a portfolio description will not suffice. Written records and legal ID are challenging for most. Recommend an easily visualized record system as a map. Advisors may not take time to read but may look at a picture of your portfolio and attention to you because it is easier to view. The old cliché “a picture is worth 1,000 words” is true.
Most advisors do not use a less complicated system to record, visualize, and recognize what asset with what current title is under what protection and under what estate plan entity. One can have a digital chart of a “chain of custody” (COC) or "chain of title" of record that one can transfer or move any asset to the proper COC position, sell, or trade or another “card” asset. A digital COC visual graphic map or chart can be easily followed and recall is simplified.
You may or may not be interested in this method or may have something more suited. When one has a map of record of title simplifying COC, you and an attorney (he or she must know real estate, tax reduction, and asset titling) should soon have all in order and maintain while eliminating the expense and frustration of attorney hopping. The tax attorney then can work with your CPA to maintain maximum tax efficiency.
Do you have a small business bookkeeper or home business manager with computer skills to composite owner investments in a chart form so your attorney title and estate advisor can place?. An attorney is expensive to use to identify and list assets. Few know how to chart. This is most advisors' and attorneys’ challenge. One could engage another party to list assets in a digital chart for less than $50 an hour verses an attorney that charges $300-$600 an hour. The chart entries could then be moved in best chain of custody or title order by the title-estate-tax attorney specialist or business chart person for your attorney.
An Example COC in chart form. The title names would be more exact detail.
Retirement plans generally protect assets but are exposed to heavy taxation later.
Over 30 investments are challenging for one person to track.
Unfortunately, few estate attorneys are title attorneys, real estate attorneys or tax attorneys.
SAVE TAX EXCHANGE MOST TANGIBLE OR INTANGIBLE ASSETS
MAINTAIN A TAX DEFERRAL EXCHANGE ALL OR PART SCHEDULE A FREE CONSULTATION
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Tax Deferral & Tax Elimination Strategies for Owners of Annuities, Antiques, Collectables, Land, Real Estate, Retirement Plans, Business Entities, Stocks, REITs, Mutual Funds, ETFs, Crypto-currency, Commodities, Fungible or Non-Fungible Tokens, Metals, and Other Tangible-Intangible Assets
ANNUITY & IRA TAXATION & SHORT TERM GAIN ARE AS REGULAR INCOME FEDERAL AND STATE TAX BELOW
Some States plus Federal Income Taxes Total up to 50% Tax on Gain Plus Increase Other Income Tax
Ken Wheeler Jr. CPRES
Florida International Business Center
5206 Station Way
Sarasota, FL 34233-3232
Mobile Direct: 515.238.9266
Voice Message Only: 941.227.3024
Trust Office: 941.363.1375
E-mail Ken Ken@1LessTax.com
Licensed Real Estate Broker Florida BK3284149
Business Entry - Management - Exit (BEME)
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