2024 Accounting Q&A Podcast

Accounting Q&A Call 07/19/24


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See the Video Recording here:
https://zoom.us/rec/play/WkjhAf_IyR2_MdZpB4V-hU0-Vjy7FdCYLB7zXcF9jWyWYgEnSIJeUp7G-mMhzocSV74EC-YbOlUIqfil.MnrY4-7WVCPJprVn?autoplay=true&startTime=1721405405000

Access the Live Transcript here:
https://otter.ai/u/5z0q0Xo8vOCDIxaqAoEcLsTklWk?view=summary

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Outline:

- Global Microsoft outage affecting flights, banks, and more. (9:20)
- Bookkeeping for personal and business trusts. (15:57)
- Trusts, corporations, and insurance policies. (25:33)
- Life insurance trusts and their implications for taxes and asset protection. (37:23)
- Managing assets in a business trust. (50:09)
- Roles and responsibilities of trust protectors in a business trust. (55:35)
- Trust protector roles and responsibilities. (1:05:10)
- Avoiding licensing for real estate ownership and management. (1:15:20)
- Tax implications of dissolving irrevocable trusts. (1:25:30)
- Trusts, taxes, and related party transactions. (1:32:46)
- Trusts, powers, and medical treatment for a father. (1:39:25)

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2024 Accounting Q&A PodcastBy Abundance Group Trust