November 13, 2024

How Trusts Can Protect Your Wealth (Ep. 103)

25 minutes

With tax laws on the brink of change, how can high-net-worth families not only protect their wealth but maximize their tax efficiency?

This week on Live Life Liberated, Kyle Malmstrom, Managing Director at Centura Wealth Advisory, and Adam Buchwalter, Partner at Wilson Elser, deliver a powerful, must-hear breakdown of the critical differences between grantor and non-grantor trusts—and how each could be a key tool to elevate and optimize your estate plan.

Tune in as they explore the potential impact of upcoming legislation on grantor trusts, revealing why right now is the perfect moment to take action and lock in benefits before it’s too late.

Talking points include:

The difference between grantor trusts, where the grantor pays the taxes, and non-grantor trusts, which file their own returns and face higher tax rates

How grantor trusts help assets grow tax-efficiently, and how non-grantor trusts can lower state income taxes by being set up in low-tax states like Nevada or Delaware

Why proposed laws, like Senator Warren’s bill, could change the benefits of grantor trusts—and why it’s critical to act quickly

How states like New York and California tax trusts differently, and strategies to avoid high state taxes with proper trust planning

Why working with professionals is key to navigating the complex rules and keeping your wealth safe for the future

And much more!

Connect with Derek Myron:

[email protected]

LinkedIn: Derek Myron

Connect with Kyle Malmstrom:

LinkedIn: Kyle Malmstrom

Centura Wealth Advisory

(858) 771-9500

[email protected]

Connect with Adam Buchwalter:

LinkedIn: Adam Buchwalter

LinkedIn: Wilson Elser

Wilson Esler

973-735-5784

[email protected]

Connect with Centura Wealth Advisory:

(858) 771-9500

Centura Wealth Advisory

LinkedIn: Centura Wealth Advisory

...more

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By Centura Wealth Advisory

4.9

77 ratings

November 13, 2024

How Trusts Can Protect Your Wealth (Ep. 103)

25 minutes

With tax laws on the brink of change, how can high-net-worth families not only protect their wealth but maximize their tax efficiency?

Tune in as they explore the potential impact of upcoming legislation on grantor trusts, revealing why right now is the perfect moment to take action and lock in benefits before it’s too late.

Talking points include:

The difference between grantor trusts, where the grantor pays the taxes, and non-grantor trusts, which file their own returns and face higher tax rates

How grantor trusts help assets grow tax-efficiently, and how non-grantor trusts can lower state income taxes by being set up in low-tax states like Nevada or Delaware

Why proposed laws, like Senator Warren’s bill, could change the benefits of grantor trusts—and why it’s critical to act quickly

How states like New York and California tax trusts differently, and strategies to avoid high state taxes with proper trust planning

Why working with professionals is key to navigating the complex rules and keeping your wealth safe for the future

And much more!

Connect with Derek Myron:

[email protected]

LinkedIn: Derek Myron

Connect with Kyle Malmstrom:

LinkedIn: Kyle Malmstrom

Centura Wealth Advisory

(858) 771-9500

[email protected]