I have a 9:1 tax mitigation strategy that produces 15% returns for 5 years with a return of capital in 5 years. ie. 100K placed into the strategy would net a $1M tax deduction and produce 15K a year. Looking for those with an open mind who believe the strategy may benefit their client

https://www.linkedin.com/posts/daniel-abrahams_a-day-in-the-life-activity-7079707542934720512-nay8?utm_source=share&utm_medium=member_ios

Thank you Bill for having such a BIG heart. I've never been associated with anyone that REALLY cares about the reps like you.

It wasn't the hip surgery that slowed me down, it was all the medications I was on! Well, my head is no longer foggy and I am ready to see what Darren and Jason present to my contact for his client that has a $3million dollar IRA, and 4$M liquid net worth, and wants to convert the IRA to a Roth. TBC..........

A will is a crucial legal document that outlines an individual's wishes regarding the distribution of their assets and the management of their affairs after their death. It plays a fundamental role in estate planning, ensuring that an individual's intentions are carried out and their loved ones are taken care of. However, many people fail to have a will or neglect to update an existing one, leading to significant problems and consequences. In this blog post, we will explore the importance of having and updating a will, as well as the potential issues that can arise from inadequate estate planning. Not having a will can result in various consequences that may not align with an individual's wishes. When someone dies without a will, their estate is subject to intestate succession laws, which vary by jurisdiction and determine how assets will be distributed among surviving family members. Intestate succession may distribute assets in a way that does not reflect the individual's intentions, potentially causing conflicts and disputes among family members. Additionally, not having a will means forfeiting control over asset distribution. Individuals cannot specify how their assets should be distributed, which can lead to undesired outcomes such as certain family members receiving more or less than intended, assets going to unintended beneficiaries, or estranged family members inheriting a share of the estate. The absence of a clear and legally binding will can also give rise to family disputes and conflicts. Disagreements over asset distribution, guardianship of minor children, or the appointment of executors can strain relationships and result in costly and emotionally draining legal battles. Moreover, the probate process, which validates a will and administers the distribution of assets, can become complex and time-consuming without a will. This can lead to delays, increased legal expenses, and added stress for grieving family members. Neglecting to update an existing will can also create problems. Over time, an individual's circumstances may change, including relationships, family structure, or financial situation. Failing to update a will can lead to outdated beneficiary and executor designations, leaving unintended recipients or excluding individuals who should have been included. Changes in personal circumstances and family dynamics, such as marriages, divorces, births, or deaths, can significantly impact an estate plan. Not reflecting these changes in a will can result in unintended consequences and further disputes.