EP 53 - Estate Planning for High Networth, Real Estate Investors & Entrepreneurs w/ Jaryd Green

The Mark Perlberg CPA Podcast

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Estate planning, often overlooked, is crucial to mitigating the potential for hefty tax impacts, with possible taxation reaching up to 40% of one's assets. In this enlightening episode, we join forces with Jaryd Green, a renowned expert in real estate investment and asset protection, to underscore the critical nature of estate planning for high-income individuals and entrepreneurs. Jaryd advocates for initiating estate planning strategies as early as age 18, exploring the protective measures of utilizing LLCs and trusts against the unpredictabilities of life.

We delve into how a deep understanding of estate planning intricacies and business configurations simplifies the complexity of FinCEN regulations. Jaryd addresses the widespread misunderstandings surrounding asset transfers, spotlighting the strategic application of trusts to achieve tax advantages, and discusses the specific challenges posed by state taxes and business planning. This episode is packed with tailored strategies for navigating the complexities of LLCs and trusts effectively.

Further, we examine the dynamic landscape of estate planning, touching on anticipated adjustments in federal estate tax exemptions and introducing strategies like the step-up basis benefit, adept gifting practices, and the strategic employment of irrevocable trusts. Whether you're contemplating an irrevocable life insurance trust, exploring the concept of pour-over wills, or aiming to refine your estate planning, our dialogue with Jaryd delivers the insights needed to ensure your planning is as strategic as it is customized to your unique legacy and wealth preservation goals.
To learn more form Jaryd, email: [e-mail]
And if you're interested in becoming a client, go to www.markperlbergcpa.com

Chapters

1. Estate Planning for Real Estate Investors (00:00:00)

2. Estate Planning and Business Structure (00:14:50)

3. Estate Planning and Gifting Strategies (00:21:42)

4. Understanding Estate Planning Strategies (00:26:57)