See the Video Recording here: https://us02web.zoom.us/rec/play/RNyy0J1PH_WtyDd_Xl1kqQo19NaTTIvaEHFuUkn0OXR-IkSRj5ZxyZEMHqM_Zk-1-9ZZhDyJfiURb-4q.k48tH-T1f7ukxdlM?autoplay=true&startTime=1671469441000

Access the Live Transcript here:  https://otter.ai/u/JqO3cOv0eA4gLBJzFGJhoYYf95w

Instructions for Creating Divisions: https://docs.google.com/document/d/1K5sDSC-mMe5XcB7BIFMPFA3urdCeQb_5fYbsszuus1k/edit?pli=1

Outline:
What is the real liability to us as a business property would be owned by the business trust?
-6:34
Why do you need a separate division for employee-owned vehicles?
-14:50
The average tenure of a self-storage manager is three years.
-22:55
The division of the trust must have the word “trust” in it.
-30:56
What should happen if the money is transferred from the personal trust to the business trust?
-37:58
What is the distribution of interest in a business trust?
-47:30
Distribution of excess capital in a business trust.
-54:47
What is the difference between a property management division vs. a business division?
-1:00:40
Who is the interest holder of the property management division?
-1:06:41
What’s the difference between passive and active income?
-1:14:09
Distributing from A to B to C.
-1:18:06
Using fiduciary accounting in a trust.
-1:27:13
How to use the same trust instrument to manage different types of businesses.
-1:35:49
What is DNI and how does it work?
-1:42:25

See the Video Recording here: https://us02web.zoom.us/rec/play/n1FQ83DBYBBE4T-6eeqna9rO7j_TxwXVnjQiQxwxq6PmdUWufvVG-uhzkNVw8Hx4SguOQoKew7gZAY4p.NG1fKR57UtlTRD1g?autoplay=true&startTime=1670259693000

Access the Live Transcript here: https://otter.ai/u/NTplV-sTJOvMidI3jMwn4oEoDB0

Outline:
How can you trigger a gift from a trust?
-9:55
The power of an irrevocable life insurance trust.
-16:38
Only assets that create passive income can be held in a business trust.
-21:34
Do you have a business trust or a personal trust?
-28:49
What schedules need to be filed with 1041? Is it one schedule for all of the operating companies? Or is it a separate schedule for each one
-34:51
What’s the difference between a CPA and a partnership?
-41:10
If you operate your trust personal or business in a way that never generates a taxable event, then none of this matters.
-46:26
How do you know if you have a taxable event outside of the trust?
-51:04
How do we recapture the depreciation we have not taken for the past three years?
-56:03
How do you know which part of the distribution is capital gain or passive income?
-1:00:42
What’s going to happen with the new Notary Certification?
-1:08:55

See the Video Recording here: https://us02web.zoom.us/rec/play/K4xRTWCBvwjguvffcYQ8lHJqEErW6I5DkZCwzRmAg30zutiTy51x9sqe1D-qLDQ7ISeORP4AQoeUJuY4.p7su8Aqm3NorG6OT?autoplay=true&startTime=1667840622000

Access the Transcript here: https://otter.ai/u/dbo3Ce_crqUyQmLEr_Ox7t4Lwm8

See the Video Recording here: https://us02web.zoom.us/rec/play/3T10EUE7h6HyonYveCQLn2ZTh_yZolF2wuAQdgwWFwMPAn6Tg8KD5gJ5tS8geEHx4v5kVJG3j0VHH-8c.fkV2hKlxLnfo-7n6?autoplay=true&startTime=1666627548000

Access the Transcript here: https://otter.ai/u/iJQh9H5AMcC_gftJJqOfUBB8Oo0

Decision Tree: http://www.abundancegroup.com/decisiontree

Outline:
-What’s the difference between a land trust and an LLC?
7:33
-What is a land trust and how does it work?
12:36
-It’s not a gift tax return, it’ is just an unkind distribution.
17:48
-The distinction between a trust and a musical chair -.
31:05
-What is the amount of trust in the affidavit?
36:16

See the Video Recording here: https://us02web.zoom.us/rec/play/mMJlkOZK9kFEEZFRnCsleyq33MtMQuBwxgNbaQfGUtdWzvEGIj8z8Qw6hSWk0jwa_7oVjvE_MJdUNop1.EDOYhg12KVzGs7Vc?autoplay=true&startTime=1665417710000

Access the Transcript here: https://otter.ai/u/z0K04LM8d4vdMqC1zitzTNlGEdE

LLC Operating Agreement-Statement of Membership Interest, Partnership Interest and Identification of Manager: https://docs.google.com/document/d/1cqD3ly4NJV3J2-yByChpKvPZYetoCRCS/edit

Outline:
-What are the three bills of sale you need to do?
12:06
-What’s the difference between a business and a personal trust?
17:40
-What does it mean to be a voting trust?
24:27
-What’s a discretionary trust?
30:56
-How do you change the name of a business trust?
35:34
-The relationship between the division and the beneficiary is like an IRA.
43:13
-Will there be a clause in the operational rules that converts the real estate to personal property?
50:41
-What do you need an EIN number for?
57:20
-How do you use a division for a subject-to-buy transaction?
1:00:57
-What’s the difference between a trustee and a beneficiary in a trust?
1:08:00
-Do you need money at closing?
1:19:00

See the Video Recording here: https://us02web.zoom.us/rec/play/4FMGrvXALxydoFbhWxgQNv6OmWkITxFrdjCGxH-3Jtr2INEeJ9WAjcZboLPvhXOLOx7_EGu8l1KDWV_D.SL0M0nlQU-XzcVjp?autoplay=true&startTime=1664208242000

Access the Transcript here: https://otter.ai/u/lzDWsbtHFiL8_BXAeUoFO5Yn8UQ

Submit Your Business Trust Questions in Advance: http://www.abundancegroup.com/bizquestions

Outline:
-Is there a setting in Firefox that blocks redirect links? Is there one in Firefox?
11:44
-How to handle interest on an accrual vs cash basis.
16:29
-How will Trump’s tax return be communicated to the accountants?
25:12
-The 30,000 interest in the foundation.
27:03
-What’s the step in the process to get the property into the business trust?
33:34
-How to make sure the business trust is not a fiduciary to the government.
44:17
-Two options for successor trustees and successor trust protectors.
50:12
-How to liquidate assets from a personal trust.
56:55
-How do we get the properties back out of the trust?
1:03:18
-What’s happening on a resignation of a trustee?
1:11:43
-Another bill of sale from the land trust to the division of the business.
1:19:45
-Why do you need to keep track of depreciation from the trust?
1:27:38