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Discover where financial privacy still exists in today’s transparency-driven world. In this episode of Wealth Uncensored, we break down the impact of beneficial ownership registers, their role in tracking financial data, and why they were initially introduced. Learn how these changes have affected privacy for high-net-worth individuals, and why many countries now require extensive disclosures for trusts, corporations, and foundations. Plus, find out why the US has unexpectedly become a global leader in financial privacy by removing federal beneficial ownership requirements for domestic entities. This video offers insight for those seeking privacy in their business and financial dealings.
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In this episode of Wealth Uncensored, we tackle the essential topic of preparing heirs for wealth transition with Amy Castoro from The Williams Group. With $128 trillion expected to transfer between generations in the next 20 years, the stakes are high. It's not just about having the best estate plan or trusts in place – the real challenge is preparing families to handle the emotional, behavioral, and relational aspects of wealth transition. Amy shares her expertise on how trust, communication, and alignment on family values are the keys to maintaining wealth and preserving relationships across generations. Whether you're an advisor or part of a family navigating these challenges, this video offers valuable insights and actionable strategies.
For direct inquiries Amy email [email protected]
Bridging Generations: Transitioning Family Wealth and Values for a Sustainable Legacy https://www.amazon.com/Bridging-Generations-Transitioning-Family-Sustainable/dp/0998977314 -
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Save thousands on income taxes with this overlooked strategy for business owners. This video breaks down income splitting using trusts and shows how distributing income to family members or other beneficiaries can reduce your overall tax burden. Learn the basics, avoid common pitfalls, and take control of your financial future with this simple, effective approach.
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Preparing the next generation for inherited wealth is about more than just financial literacy. It’s about passing on values, principles, and a vision for responsible stewardship. In this episode of Wealth Uncensored, we discuss why education is crucial to preserving family legacies across generations. Learn strategies to teach heirs about trust structures, investment knowledge, and family missions while ensuring they understand the story behind the wealth. Whether it's creating a family charter, involving heirs in board meetings, or hosting annual retreats, these steps can reinforce family unity and responsible wealth management. Let’s plan for the future, not just for the present.
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Billionaires like Warren Buffett often make headlines for donating massive wealth to charity. While this generosity seems purely philanthropic, there’s a tax-saving strategy behind it. Estate taxes on fortunes over $13.61 million in 2024 can reach 40%, prompting wealthy individuals to use private foundations to minimize taxes. These foundations allow families to retain influence and benefits like salaries while ensuring funds avoid government taxes and go to charitable causes instead. This video breaks down how private foundations work and why they’re a go-to move for the ultra-wealthy.
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Are you a U.S. taxpayer considering offshore strategies to save on taxes? The reality might surprise you—offshore isn’t the tax haven it used to be for Americans. In this episode of Wealth Uncensored, I sit down with attorney Toby Mathis of Anderson Advisors to break down why offshore tax strategies don’t work for U.S. citizens and what you can do instead.
Toby shares actionable domestic tax-saving strategies, including:
• Setting up a family charitable foundation.
• Structuring a family office.
• Investing in real estate and oil and gas.
• And much more.
If you’re seeking practical, legal ways to reduce your tax burden in the U.S., this episode is packed with insights you won’t want to miss
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In this episode of Wealth Uncensored, we sit down with Dr. Marcel Kieber of Expeerius to explore Switzerland’s flat tax regime—a compelling option for high-net-worth individuals (HNWIs) seeking tax-advantaged residency, especially after the UK’s recent abolition of the non-dom regime. Dr. Kieber provides an expert breakdown of how the flat tax works, who qualifies, the process and timeline for setup, and why Switzerland remains a haven of financial stability for global HNWIs. Whether you’re planning a business exit or a lifestyle shift, this episode is your roadmap to understanding the Swiss tax landscape.
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Understanding US estate tax for non-resident aliens is essential if you own US assets and aren't a US citizen or resident. Don't let the surprise be a hefty tax bill up to 40% on your US assets.
This video breaks down what you need to know about what gets taxed—I give a detailed list of different types of US assets and explain which are subject to estate tax and which aren’t. Get the facts on how your US bank accounts and brokerage accounts are treated, plus insights into the probate process and filing requirements.
Make sure your investment strategy stands strong against one of the highest estate taxes around. Tune in for practical advice on protecting your wealth and learn why tax planning is crucial for non-residents with US assets.
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In this episode of Wealth Uncensored, we dive into a crucial strategy for entrepreneurs considering an exit from their company: changing tax residency to reduce or eliminate capital gains taxes. While moving to a low or no capital gains tax country can be a powerful way to protect your wealth, it requires careful planning and timing. We discuss the importance of understanding potential exit taxes, ensuring that your new tax residency is firmly established, and how to avoid pitfalls that could jeopardize your tax strategy. Tune in to learn how to execute this move successfully and maximize your post-exit earnings.
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Dive into the gripping story of an heir whose $13 billion fortune seems to have vanished. Could you imagine your wealth disappearing overnight? Discover how shares in Hermes were issued in bare form, meaning whoever held them physically owned them—like carrying $13 billion in cash! Sounds like a secure investment, right? Wrong. Don’t find yourself in a similar predicament. Learn from cases where trusted financial advisors robbed individuals. Protecting your wealth is serious business; there's a better way to safeguard your assets. Find out why it's crucial to trust companies with multiple layers of oversight instead of one person. Uncover strategies to prevent financial loss, like the "four eyes principle." Equip yourself with the knowledge to secure your wealth for the future.
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In this episode of Wealth Uncensored, we dive into the critical topic of tax compliance for people looking to expatriate. I discuss why being tax compliant is essential before expatriating to avoid becoming a “covered expatriate” subject to the exit tax, and why it’s important even if you will be a covered expatriate for other reasons. Learn how non-compliance can impact your US heirs and recipients of gifts, making them liable for estate or gift taxes at the highest rates.
With over 15 years of experience helping client’s expatriate, I reveal why many tax returns aren’t 100% correct and how this often stems from tax preparers lacking true international tax expertise. I share my top advice on hiring a competent, albeit costly, international tax preparer to ensure your compliance and protect your wealth for the long run.
Tune in to learn how to correctly navigate expatriation, avoid costly mistakes, and secure a seamless expatriation process that safeguards your legacy and wealth.
0:00 Intro0:26 Importance of Tax Preparation0:43 Reviewing Tax Returns1:01 Complexity of Foreign Income Reporting1:28 Form 8854 and Tax Compliance1:47 Covered Expatriate Criteria2:23 Consequences for Covered Expatriates3:02 Non-Covered Expatriates3:30 Tax Compliance Box4:01 Challenges with Tax Preparers5:11 Cost of Competent Tax Preparation6:01 Risks of Inaccurate Tax Returns7:30 Recommendations for Expatriates9:00 Conclusion
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Discover essential insights into private trust company and foundation governance in this episode of "Wealth Uncensored" with host Jimmy and guest David Piesing. David, a personal fiduciary, dives into why having a professional on the board of PTCs or foundations isn't just a luxury, but a necessity. Learn the risks of family-run boards without expert guidance, and how they can affect trust integrity. David covers legal consequences of mismanagement and the critical role of independent directors amid changing regulations. Find out how to maintain fairness and compliance while navigating family dynamics.
0:00 Intro0:02 Importance of Professional Board Members1:11 Control with Family-Led Foundations2:31 Fiduciary Duty and Governance3:25 Professional Guidance on Boards5:28 Consequences of Mismanagement6:38 Importance of Independent Board Members11:01 Changing Dynamics in Governance15:41 Legal Challenges and Governance22:33 Dispute Resolution Mechanisms30:55 Conclusion
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In this episode of Wealth Uncensored, we tackle the often overlooked issue of overly complex asset protection structures. Many advisors and corporate service providers promote intricate setups involving multiple entities across various jurisdictions, promising superior protection. However, is this level of complexity necessary for your specific needs?
Join me as I break down why simplicity, efficiency, and relevance should be the guiding principles in your asset protection and estate planning. We’ll discuss the hidden costs and administrative burdens of complex structures, the potential for errors, and the reduced flexibility they often entail. Learn why simpler solutions can often provide effective protection without the unnecessary complications.
This episode aims to equip you with the knowledge to make informed decisions, ensuring that your wealth protection strategy is tailored to your unique circumstances and goals. Don’t miss this essential guide to understanding when less is truly more in asset protection.
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In this episode I discuss the biggest mistake I see people make when expatriating—failing to ensure they are fully tax compliant, which can lead to becoming a "covered expatriate." This status can trigger significant financial and legal consequences, including being subject to an exit tax regime, having U.S. person recipients of gifts and inheritances taxed at the highest rates, and even facing difficulties in obtaining a U.S. visa.
I break down the three factors that can classify someone as a covered expatriate: having a net worth of $2 million or more, an annual average income tax liability of more than $201k for the five years prior to expatriation, or not being tax compliant for the five years before expatriation.
Tune in to learn how to protect yourself and ensure a smooth expatriation process, free from costly mistakes. This episode is a must-listen for anyone considering expatriation and wanting to avoid the traps that could turn their dream into a financial nightmare.
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In this informative episode of Wealth Uncensored, I sit down with David Piesing, a Guernsey Personal Fiduciary to explore the critical factors in choosing the best jurisdiction for your wealth structure. From grey lists and reputation to the availability of qualified professionals, we cover it all.
David and I delve into the intricacies of banking systems, language considerations, and KYC (Know Your Customer) requirements that can significantly impact your decision. We also discuss the importance of robust judicial systems and favorable tax treaties, providing you with a comprehensive understanding of what to look for in a jurisdiction.
Whether you're setting up a trust, foundation, or any other wealth protection structure, this episode offers invaluable insights to help you make the best choice for your unique needs. Tune in to learn how to navigate the complexities of international jurisdictions and ensure your assets are protected and managed efficiently. Don't miss this expert guide to optimizing your wealth management strategy.
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In this insightful episode of Wealth Uncensored, we delve into the crucial topic of wealth planning structures: Trusts vs. Foundations. Many clients approach me wanting to set up a trust to manage and protect their wealth, but few consider the benefits of foundations, often because they are less well-known.
Join me as I explore the key differences between these two powerful tools, providing you with the knowledge to make an informed decision. We'll discuss the major distinctions, such as the role of third-party trustees in trusts versus the board-managed structure of foundations, and how these impact the management and protection of your assets.
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The Dubai real estate market has been booming ever since the pandemic. People from all over the world want a piece of Dubai. Some are moving to Dubai and want to purchase a residence, while others are investing for cash flow and appreciation.
To get an insider’s look at Dubai’s real estate market and learn the ins and outs of investing there, I sat down with Stephen Pokoly, a founding partner of Shosty, a Dubai real estate advisory, brokerage, and management company.
Learn about the current market trends, tax advantages, residency, and investment strategies in Dubai. Stephen shares insights on the upcoming property supply in line with Dubai's 2040 plan and discusses the benefits of short-term vs. long-term rentals and more.
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Unlock the secrets to successful multinational estate planning in this comprehensive guide. Get valuable insights on how to navigate the complex tax and legal implications when your assets, family members, citizenships, and residencies span various countries.
Avoid common pitfalls and learn why a tailored approach is crucial over one-size-fits-all solutions from "entity salesmen" and "single jurisdiction advisors." Discover the key factors in creating an effective plan, from asset location to tax treaties, and understand the importance of engaging a team of experts in each relevant jurisdiction.
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Discover how US persons—citizens, green card holders, and residents—can benefit from setting up trusts and foundations in the UAE. This video debunks common myths and highlights key advantages like asset protection and flexible estate planning. Learn why the Dubai International Financial Centre offers strong privacy and how creating structures outside the US can safeguard assets from creditors and courts. Understand the tax implications and management benefits to make an informed decision.
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In this episode I sit down with Ali Khan, a renowned U.S. international tax CPA from Abitos, to uncover the truth about the international tax preparation industry. Ali shares his expert insights on what sets truly skilled U.S. international tax preparers apart from those who merely claim to be experts.
Join us as we navigate the complexities of U.S. international tax preparation, empowering you with the knowledge to choose the best professionals for your financial needs. Don't miss this episode packed with valuable tips and expert advice from one of the leading figures in the industry.
Contact Ali [email protected]
- Visa fler
