See the Video Recording here: https://us02web.zoom.us/rec/play/lJgY1zQ1YHRSTU91Z_318tYM8YTK8t4aS0-RrDfu9vFMg8GUxz8wuyB5cgv0bVqWFMnbMhGAbARa9Zra.bU8N-1XFuWHD-JcZ?autoplay=true&startTime=1687968316000

Access the Live Transcript here: https://otter.ai/u/5dpSxxNte7E5Xd5tIvols_mV9Mk?utm_source=copy_url

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Important Documents From This Call:

• Wyoming LLC Attorney Website: https://wyomingllcattorney.com/Wyoming-Asset-Protection-Trust/Private-Trust-Company
•  Voluntary Closing Agreement Program For Tax-Exempt Bonds and Tax Credit Bonds: https://www.irs.gov/pub/irs-drop/n-08-31.pdf
•  Income, Estate, Gift, and Generation-Skipping Transfer Tax Consequences: https://www.irs.gov/pub/irs-drop/n-08-63.pdf
• Internal Revenue Bulletin - 2008-31: https://www.irs.gov/irb/2008-31_IRB

Outline:
-Wyoming Private Trust Company. (0:02)
-Documents to read. (6:49)
-Setting up a Wyoming Private Trust Company. (14:43)
-How to get in touch with David. (21:12)
-It’s not about funds, but equity. (29:41)
-How do you get it to show up on QuickBooks? (34:31)
-Gain on sale of investments and retained earnings. (36:49)
-The problem with the Chart of Accounts. (41:55)
-Is it better to estimate the basis higher or lower? (50:17)
-How do you calculate the cost of acquisition? (54:14)
-Decanting a Land Trust. (59:35)
-Do you have any questions about the previous discussion? (1:07:06)
-Is it out of the Business Trust or the Personal Trust? (1:12:11)
-How to decant your 401k. (1:21:32)