Courtesy of Tim Power (Wealth Source) & Kevin White
In January of 2024, Tim Power and Kevin White joined members for an open discussion on tax & legal housekeeping strategies for 2024 and beyond.
They delve into the nuts and bolts of trusts, life insurance, and the best business structures for safeguarding assets. Plus, get the lowdown on perks of the Inflation Reduction Act and the Roll Over Business Strategy (ROBS)….
Tune in For:
- The Difference Tax Avoidance vs Tax Evasion (02:24)
- Keeping Your Tax, Legal and Financial Planning On The Same Page(06:29)
- Insurance, Trusts, Asset Protection and Structures (09:23)
- Understanding Partnerships & Buy/Sell Agreements (21:30)
- Differentiating Insurance Types (23:21)
- Starting a Business Tax-Free with Rollover Business Strategy (ROBS) (26:16)
- How to Use the Massive Tax Breaks for Investing In Green Energy (29:38)
- Pre-Exit Planning & Financial Planning Costs (35:30)
- Quick Tips and Things to Keep in Mind (49:03)
Click Here to Download the Transcript of this Training
More About Tim Power:
Tim Power is a financial advisor & wealth architect, with over 22 years of experience helping clients build out their dream life, focusing on their family and super power, as Tim and team take care of all the financial building blocks you should be aware of along this journey of life. Through assessing a client’s full financial situation, goals, and objectives, Tim works to connect them with key professionals that matter in their life – tax attorneys, estate planners, and a deep list of trusted experts in almost every vertical, and together work to implement customized solutions for each unique client.
Tim is a trained artist, having sold numerous paintings through galleries and private collectors over 30 years. He looks for depth in relationships the way a landscape painter looks for depth in the colors he uses to represent mountains way off in the horizon. Tim enjoys traveling the world with his children, spending time with his mini goldendoodle Roscoe and volunteering for nonprofits in his spare time.
Time finds balance through spending time with his son (15) and daughter (16), and Golden Doodle Roscoe (5). He splits time between Austin & Boston, skate/snow/paddleboarding and painting landscapes or filling sketchbooks.
More About Kevin White:
Kevin J. White currently works as a consultant and designer of tax strategies for closely held corporations, high net-worth/high income families and individuals and business owners. Mr. White’s practice works exclusively through referrals from clients, tax attorneys, estate planning attorneys, financial planners, CPAs and insurance agents.
