Have you prepared to pass on your wealth to your children? If not (and take it from us!), it can lead to serious family feuds and even legal consequences.

We don’t want this to happen to you. Let’s make your family’s relationship stay strong.

In this episode, Zacc Call and Laura Hadley highlight practical solutions to prevent family issues caused by wealth, including open communication, fair estate planning, financial education, and maintaining strong family values. 

They also discuss the pitfalls of strange oversight or power relationships and the importance of clear communication.

Zacc and Laura discuss:

• How to initiate effective, efficient, and open communication with extended family when executing financial decisions

• How to mitigate the fear of taxes and eliminate its effect on your family’s ability to make sound decisions

• The risk of making your trust too specific–tips to make your trust sound and clear!

• Why some families fail to make a CLEAR and FAIR estate plan–how you can avoid these mistakes

• And so much more

Connect with Capita Financial Network:

• [email protected]

• [email protected]

• (801) 566-5058

• Capita Financial Network

• LinkedIn: Zaccary Call 

• LinkedIn: Laura Hadley

• LinkedIn: Capita Financial Network

• Facebook: Capita Financial Network

If you thought our last episode about Estate Planning was beneficial, then you’re really going to find this release chock-full of insight too! Join Zacc and Laura as they dive into the advanced strategies you and your family will want to use for a financially secure future!

In this episode, estate planning guru and attorney at York Howell & Guymon, Eric Whiting discusses the various advanced estate planning strategies you can use to maximize the assets your family keeps after you pass.

Zacc, Laura, and Eric discuss:

• How to find out which estate planning strategy you should use

• The various IRS dollar limitations to be aware of

• How to maximize the dollar amount of your estate your family keeps after you pass (effective tax planning)

• Charitable remainder trusts–what they are and how to implement them in your plan

• And more

Resources:

• Guided Path 5-4: Estate Planning

Connect with Capita Financial Network:

• [email protected]

• [email protected]

• (801) 566-5058

• Capita Financial Network

• LinkedIn: Zaccary Call 

• LinkedIn: Laura Hadley

• LinkedIn: Capita Financial Network

• Facebook: Capita Financial Network

Connect with Eric Whiting:

• LinkedIn: Eric Whiting

• York Howell & Guymon Asset Protection

About Eric Whiting:

Eric B. Whiting is an attorney with the Salt Lake City law firm of York Howell. Eric’s practice is focused on estate planning, tax, business planning, and nonprofit entities. Eric also assists clients of large and small estates with all aspects of estate administration and probate. Eric assists business clients with entity selection, structuring, formation, and planning. He also represents clients before the IRS. Eric is currently an active member of the Utah State Bar, Idaho State Bar, Washington State Bar and most recently Wyoming State Bar.

Eric earned his Bachelor's Degree in Economics and Law & Constitutional Studies at Utah State University, his Juris Doctor at Gonzaga University School of Law and his LL.M. in Taxation at Georgetown University Law Center.

When not in the office, Eric loves spending time outside with his wife and three daughters. He enjoys mountain biking, rock climbing, skiing and snowboarding.

With the help of this episode, individuals and families can make informed decisions about their estates and ensure a well-executed wealth transfer plan that aligns with their financial goals.

This episode kicks off with an overview of estate taxes, explaining how they are applied to the transfer of assets from a deceased person to their beneficiaries. 

Zacc Call and Laura Hadley highlight the key factors that determine estate tax liability, such as the value of the estate, current tax laws, and available exemptions that could apply to your estate!

Zacc and Laura discuss:

• How to find out if you need to worry about estate taxes

• Some recent changes to tax laws and how these may affect your estate plan

• All the maximum $ amounts you need to need to know when gifting or transferring funds within your family

• Strategies you can use in your estate plan to limit the amount of estate tax you pay

• And more

Resources:

• Guided Path 5-1 The Estate Plan Everyone Should Have with Jayson McGinnis

• Guided Path 5-2 Trusts and Wills

• Guided Path 5-3 Naming Beneficiaries

Connect with Capita Financial Network:

• [email protected]

• [email protected]

• (801) 566-5058

• Capita Financial Network

• LinkedIn: Zaccary Call 

• LinkedIn: Laura Hadley

• LinkedIn: Capita Financial Network

• Facebook: Capita Financial Network

This week, we are turning the intricacies of naming beneficiaries and transferring retirement funds into easy, actionable, steps.

In this episode, Zacc Call and Laura Hadley chat with, Kelsey Dent, Partner & Director of Financial Services at Capita Financial Network as she shares her insight around the process of naming beneficiaries, how to do so properly, and how to avoid some of the most common mistakes.

Zacc, Laura, and Kelsey discuss:

• How to take money out and avoid paying maximum tax penalties on your retirement accounts

• Everything you need to know about inherited IRAs (and some recent law changes around them)

• Primary versus contingent beneficiaries and how you can use them to your benefit

• The types of assets that you need to list a beneficiary on

• And more

Resources:

• Guided Path 5-2 Trusts and Wills

Connect with Capita Financial Network:

• [email protected]

• [email protected]

• (801) 566-5058

• Capita Financial Network

• LinkedIn: Zaccary Call 

• LinkedIn: Laura Hadley

• LinkedIn: Capita Financial Network

• Facebook: Capita Financial Network

Connect with Kelsey Dent:

• LinkedIn: Kelsey Dent

• Capita Financial Network

About Kelsey Dent:

Kelsey Dent is a partner & director of financial services at Capita Financial Network. Kelsey has been working at Capita for 7 years now and was the fifth employee on the team! Now Capita’s team has expanded to 38 employees.

Kelsey is exceptional with client servicing and project management. “Typically those not wanting to manage people or manage a team are the best managers” and that is exactly the case for Kelsey. She is joining Zacc Call and Laura Hadley on the show today to share some insight on naming beneficiaries and how to do so efficiently and effectively.

One of the biggest misconceptions about estate planning is that a trust and a will are the same things and that if you have one, you don’t need the other.

This is not true.

In this episode, Zacc Call and Laura Hadley invite estate planning attorneys Courtney and Gregory Lyle onto the podcast to discuss some of the biggest misconceptions about trusts and wills and how you can use them to best organize your estate for your family.

Greg and Courtney discuss:

• The main differences between a trust and a will

• Why you should have a will AND a trust 

• Whether a revocable trust or an irrevocable trust is the best fit for your needs

• The crucial elements you should include in your trust 

• And more

Resources:

• Guided Path 5-1: The Estate Plan Everyone Should Have 

Connect with Capita Financial Network:

• [email protected]

• [email protected]

• (801) 566-5058

• Capita Financial Network

• LinkedIn: Zaccary Call 

• LinkedIn: Laura Hadley

• LinkedIn: Capita Financial Network

• Facebook: Capita Financial Network

Connect with Gregory & Courtney Lyle:

• Independence Law Firm

• LinkedIn: Gregory Lyle

About Gregory and Courtney Lyle:

Courtney and Gregory Lyle are both estate planning attorneys located right next door to Capita Financial Network! Courtney and Greg met at Brigham Young University and then attended the University of Utah together for Law School. They then got married and have been working as estate planning attorneys ever since.

Courtney and Greg use their expertise with estate planning law alongside Capita to enrich individuals' financial planning experience. 

Not sure when to start creating your estate plan? Take this as your sign.

This first episode of season five provides an overview of estate planning and highlights the importance of protecting your assets and loved ones. 

Jayson McGinnis joins the conversation and discusses some of the misconceptions around estate planning, the key elements to consider, and some practical tips for those not knowing where to start with their plan.

Zacc, Laura, and Jayson discuss:

• The important topics to discuss with your family when assembling an estate plan

• What 4 documents should be in your “starter estate plan”

• How your estate plan changes when minor children are involved

• Some common misconceptions about estate planning and why they’re not just for wealthy individuals

• And more

Resources:

• Guided Path 2-4 Divorce, Remarriage and Death with Jayson McGinnis

Connect with Capita Financial Network:

• [email protected]

• [email protected]

• (801) 566-5058

• Capita Financial Network

• LinkedIn: Zaccary Call 

• LinkedIn: Laura Hadley

• LinkedIn: Capita Financial Network

• Facebook: Capita Financial Network

Connect with Jayson McGinnis:

• LinkedIn: Jayson McGinnis

• Capita Financial Network: Jayson McGinnis

About Our Guest: 

Jayson is a Wealth Advisor at Capita and a CFP® professional. He obtained his commercial pilot’s license while attending Utah Valley University and earned a Bachelor’s degree in Aviation Science. Jayson began his career in financial services in 2007 at Fidelity Investments. He joined Capita in 2019. His ability to simplify complex financial planning strategies has allowed him to educate and connect with clients. After serving a Russian-speaking mission in Sacramento, CA for his church he moved to Utah from his home state of Washington. He enjoys skiing and taking his family on vacation.

Between June 5th and the end of September this year, the U.S. government is scheduled to reach it's debt ceiling. Listen in to this special bonus episode to know what this means, how this will affect the economy and why there could be a government shutdown as a result of this. You don't want to miss this!

It’s important to educate yourself on the truth about taxes and avoid falling for the most common myths, which we debunk thoroughly.

In this episode, Zacc Call and Laura Hadley discuss the most common tax myths people fall for which includes the discussion of mortgages, estate tax, and gifting funds. The aim is to help you better understand the truth behind these rumors so you can avoid problems with the IRS.

Zacc and Laura discuss:

• The most believable tax myths you might be falling for

• How to limit as much estate tax (aka death tax) as possible

• Why paying taxes on smaller dollar amounts shouldn’t always be more desirable

• Why some of the 1% pay such little in taxes

• And more

Connect With Capita Financial Network:

• [email protected]

• [email protected]

• (801) 566-5058

• Capita Financial Network

• LinkedIn: Zaccary Call 

• LinkedIn: Laura Hadley

• LinkedIn: Capita Financial Network

• Facebook: Capita Financial Network

Does your employer offer stock options as part of your compensation package?

Whether they do or not, this episode will be helpful for you to better understand the intricacies of stock options.

In this release, Zacc Call and Laura Hadley dive into the topic of employee stock options, discussing what they are, how they work, and their benefits and risks. They also touch on taxes surrounding these types of investments with their guest, Zach Geertsen.

Listen in as Zacc, Laura, and Zach discuss:

• How to capitalize on stock options and build a solid plan for investing

• ESPPs - Employee Stock Purchase Plans; and the other acronyms you should know

• What you should do when your company’s stock price plummets 

• And so much more

Resources:

• Guided Path 4-1 How The Government Calculates Your Taxes

• Guided Path 4-2 Roth vs Traditional 

• Guided Path 4-3 How Non-Retirement Investments Are Taxed 

• Guided Path 4-4 Retiree Tax Strategies: Helping You Save Money On Taxes

Connect With Capita Financial Network:

• [email protected]

• [email protected]

• (801) 566-5058

• Capita Financial Network

• LinkedIn: Zaccary Call 

• LinkedIn: Laura Hadley

• LinkedIn: Capita Financial Network

• Facebook: Capita Financial Network

Are you tired of paying high taxes and want to keep more of your hard-earned money?

In this episode, Zacc Call and Laura Hadley break down various tax strategies to help you save money on your taxes. While they focus on tax strategies geared towards retirees, many of the tax strategies discussed can be applied at any age!

Zacc and Laura discuss:

• Different tax strategies for retirees 

• Some strategies that can be applied at any age

• The purpose of tax diversification

• How you can set yourself up for success in the future

• And more

Resources:

• Guided Path 4-3 How Non-Retirement Investments Are Taxed 

• Giving Smarter - Donor Advised Funds

• DAFs – The Packing Cubes of Charitable Giving

Connect With Capita Financial Network:

• [email protected]

• [email protected]

• (801) 566-5058

• Capita Financial Network

• LinkedIn: Zaccary Call 

• LinkedIn: Laura Hadley

• LinkedIn: Capita Financial Network

• Facebook: Capita Financial Network