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Putting all the pieces together of an Integrated Plan is the final step. Rick and Rich explore each of the various pieces of a full blown estate and business plan, and work through how the various pieces fit together

During part two of a discussion, RIck and Rich continue explaining the power and effectiveness of the integrated irrevocable dynasty trust.

What is an Irrevocable Dynasty Trust and how does it function in an integrated plan?

The “Family Bank” is a vital component of an Integrated estate & business plan. Understanding and using it correctly it a critical aspect of a plan

In effective estate and asset protection planning, it is important to segregate control from risk. This is accomplished through a management company -- typically a highly specialized LLC. The management company is taxed, owned, and implemented in unique and powerful ways. The purpose is to enable the client to retain control of assets even under extreme circumstances. The structure and use of the management company can appear complicated and difficult until the mysteries are unfolded. Join Rick and Rich as they unlock the mysteries of the management company.

Dentists have unique concerns in protecting their assets. They have unique risks and liabilities. They have unique exposure.

Trusts are the backbone of estate planning in the U.S. They are also an essential tool for asset protection, business succession, navigating the tax rules, financing and security arrangements, charitable programs, wealth transfer and preservation, and value based planning to strengthen families. In this program Rick explores in detail what trust are, how they operate, why trusts are important, and special concerns and options that ought to be considered in implementing and operating various kinds of trusts.

Rick & Rich explore Business Partnerships and the critical role they play in Family, Business, and Dynasty Estate planning. There are many myths and misconceptions about partnerships. Limited partnership have been under assault by the IRS and Congress. Are LP’s dead or are they still useful? What about discounting and valuation? What is a business purpose and why should I care? What about the “new kid on the block” - the LLC? Find out the differences between LLC, LP, LLP, LLLP, and LLLLP. What do all the “L”s mean anyway? What is the difference between General and Limited partnerships? How do we use Business Partnerships for gifting, succession planning, or asset protection? How do we navigate the dangers and the opportunities? Join Rick and RIch to find out what still works, what to watch out for, where the most powerful and effective planning opportunities lie, and how to integrate Business Partnerships into your Dynasty Planning.

Every little part of our lives is unavoidably connected with all the other parts of our lives. The notion that we can separate ourselves or any part of ourselves from the rest of the universe is an illusion. It may even be The Illusion. No where is this more evident than in our business and estate structures. How a business or estate plan is structured and owned, and how that structure is maintained, has an enormous impact on our families, our income, our taxes, our employees, our customers, our retirement, and the degree to which we will leave a positive legacy when we depart this veil of wrath and tears. Learn about “integrating” your succession and estate plan and connecting it to all the other parts of your life.

Where is estate and tax planning going in the future? What are the politicians telling us they are going to do? How will this affect our finances? Rick and Rich explore the direction and stated goals of the politicians against the backdrop of trying to plan for an uncertain future.

Rich & Rick explain why they love what they do.

Medical professionals have unique needs and concerns in their legal planning. . . .Rick & Rich will discuss the number one risk to wealth accumulation for medical professionals, and how to avoid it. The answer to this will save you millions of dollars.

It has been said, never go into a room without knowing where the exits are. The same can be said for owning a business. Another famous quip is begin with the end in mind. When we start a business, we should ask, how am I getting out. Join Rick and Rich as they explore the ins and outs of effective Buy/Sell strategies.

Financial statements are a deep mystery to most people. What are they? How do they work? What do they mean? Why should I care? How do I set them up?

Often, business owners don’t just need the right business entities, they need multiple business entities. When done correctly, certain arrangements of combined entity types result in greater tax efficiency, asset protection, capitalization, control, and succession options. Join Rick and Rich to find out how to use “entity stacking” with combinations of LLC’s, corporations, limited partnerships, and even tax exempt entities to improve the performance and benefits of your business.

If you have a great idea or an invention that you’ve patented and you want to get it into the marketplace how do you go about it? How do you protect your intellectual property? How is the best way to bring in partners or sources of intellectual and financial capital? How do you protect your personal assets in the process? What is the best type of entity to use in setting up the business? What is the best way to structure the entity? How do you set up books and bank accounts and get the right controls in place? Listen in as Rick and Rich discuss this pertinent topic.

Sooner or later, every new business is going to need money. Those who are not fortunate enough to have a large pile of money sitting around usually have no choice but to work with someone elses money. An alternative to going to investors is to get a bank loan. Too often business owners fail to get bank loans because they do not know how the system works. Join Rick and Rich as they discuss the ins and outs of preparing your company to successfully qualify for bank financing.