Already Successful Podcast

Tiffany and Jarrod from Entrepreneur Aligned reveal all of their financial and life strategies for successful entrepreneurs because after all, your success should feel satisfying. In these conversations, case studies, and interviews with entrepreneurs you’ll discover how you can leverage your business success to create an even better life for you and your family by optimizing how you use your principle resources – time, energy, attention, and capital. If you are wondering what comes after success or looking for tips that you can implement in your entrepreneurial journey, then you’ve come to the right place. So have a listen, share a laugh, and grab a drink so that you can enjoy a successful sip with us. Hit subscribe, and you’ll be empowered each week by a fresh outlook, equipped with new tools and strategies, so that you may realize your highest potential and achieve the fulfillment you’ve been waiting for. This podcast is intended for general informational purposes and does not constitute a recommendation of any type. Please seek advice from your tax, legal, and financial professional prior to taking action. Securities Offered through Destiny Capital Securities Corporation, member FINRA/SIPC

With the world rapidly changing and evolving, you would never know what’s waiting for you in the next corner. As entrepreneurs and business owners, it is just as important to think of yours and your business’ future as it is to think about its current direction and milestones. That hasn’t become more relevant and important before than now.

In this episode, we discuss the opportunities inside your business and estate legal structure created by rapid changes in asset prices and interest rates. Our conversation takes us into the details of how to maximize the current financial conditions to accomplish your estate planning goals and how to get ahead of potential changes in the estate tax exemption amount. We also discuss how every financial and tax year is unique and how consistently reviewing your legal structure helps you accomplish your goals.

Don’t wait until it’s too late and tune in to this episode now!

About Our Guest:

Sarah Ehrhardt is the Co-Managing Partner at Michael Best Denver Office. She specializes in Estate Planning and Wealth Management and has built strong client relationships over the past few years. In 2013, she was awarded the Leadership Excellence Award at the Financial Planning Association of Southern Wisconsin.

Resources:

– Destiny Capital (https://www.destinycapital.com)

– Reach out to Sarah Ehrhardt (https://www.michaelbest.com/People/Sarah-Ehrhardt)

What’s Discussed in This Episode:

– Changes in estate planning and estate tax thresholds [04:12]
–

– Will there be negative impacts due to possible shifts in estate planning? [10:26]

– Gifting of closely-held family businesses and gift tax exemptions [14:31]
– Estate valuation in 2020 [18:52]
– The AFR as an asset transfer strategy [21:52]
– Setting up trusts for minors [27:01]
– What current shifts in the estate planning mean for childless entrepreneurs [31:16]
– Charitable lead trusts as a tax reduction strategy in 2020 [32:45]
– Sarah’s advice to entrepreneurs [37:52]

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