Wealth and Law

Brent and Tracy Coenen chat about finding fraud in businesses and divorce, helping people in difficult moments, and red flags of fraudulent financial activities. Tracy L. Coenen, CPA, CFF, MAFF, is the owner of Sequence Inc. Forensic Accounting, and performs the vast majority of the investigative work on the company’s cases. She has over two decades of experience in accounting and investigations, and has personally investigated more than 500 frauds in a wide variety of industries. Because she is so hands-on in each investigation, Tracy can testify in depositions or trials with confidence. Tracy can be found here: https://www.sequenceinc.com/about/ If you are enjoying the podcast please SUBSCRIBE and leave a REVIEW, and if you want to learn more about Brent go to https://wealthandlaw.com/team/.

Brent and Dror Futter discuss the numerous challenges family offices face when investing in private equity–from lack of understanding typical terms to inadequate measures of potential investments. They suggest ways family offices can improve their PE activities for increased success. Dror Futter is a Partner at Rimon, P.C., where he focuses his practice on startup companies and their investors, and has worked with a wide range of technology companies. His fifteen years’ experience as in-house counsel includes positions with Vidyo, Inc., a venture-backed videoconferencing company, and New Venture Partners, a venture fund focused on corporate spinouts. Prior to that, Mr. Futter was Counsel to the CIO of Lucent Technologies, as well as supporting parts of its sourcing organization. He can be found at https://www.rimonlaw.com/team/dror-futter/ If you are enjoying the podcast please SUBSCRIBE and leave a REVIEW, and if you want to learn more about Brent go to https://wealthandlaw.com/team/.

Brent chats with Stacy Francis about helping women make strategic money decisions after a divorce. They also chat about her charity, Savvy Ladies, that helps underprivileged women with personal finance. Brent and Stacy also focus on strategies to make wise decisions about personal wealth when going through upheaval in life. Stacy is the President and CEO of Francis Financial, a fee-only boutique wealth management, financial planning and divorce financial planning firm dedicated to providing ongoing comprehensive advice for successful individuals, couples, and women in transition such as divorce or widowhood. She is a Certified Financial Planner (CFP®), Certified Divorce Financial Analyst® (CDFA®), and Certified Estate and Trust Specialist (CES) with over 20 years of experience in the financial industry. Stacy is also the founder of the non-profit, Savvy Ladies, host of the Financially Ever After podcast, and the author of the white paper, Unveiling the Unspoken Truth: The Financial Challenges Women Face During and After Divorce and Financial Help for Widows – A Complete Resource Guide. She can be contacted at: Phone: 212-374-9008 Email: stacy@francisfinancial.com Website: www.FrancisFinancial.com She has Incredible Resource Guides: Unveiling the Unspoken Truth: The Financial Challenges Women Face During and After Divorce Our white paper sheds light on the emotional, legal, and financial difficulties women experience during and after divorce. You can access our white paper online and share it with others here:https://francisfinancial.com/divorce/ Financial Help for Widows: A Complete Resource Guide The death of a loved one can be one of the most traumatic events someone can experience. It can bring sadness, anger, pain, and of course grief, in all its forms. To overcome this challenging time, Francis Financial created a step-by-step guide to help women, after losing a spouse, prepare financially and shepherd them through any legal matters, while also providing tools to allow them take care of themselves, emotionally. Here are a few resources included in our Widow Resource Guide: Put Your Team In Place – Understand the role of your estate planning attorney, financial advisor and therapist The Finances – Everything you need to know for the short-term and long-term (A checklist of documents to collect, helpful worksheets and a guide to protect against identity theft)  Self-Care – A guide to the physical impact of grief and how to cope with the effects Case studies sharing various scenarios widows face You can also access the complimentary resource guide on our website here: https://francisfinancial.com/financial-help-for-widows/ You can also check out Savvy Ladies at: https://www.savvyladies.org If you are enjoying the podcast please SUBSCRIBE and leave a REVIEW, and if you want to learn more about Brent go to https://wealthandlaw.com/team/.

Brent and Randy Crabtree chat about how people can use energy efficiency tax credits that were expanded under the Inflation Reduction Act. Specifically, they focus on Sections 45L and 179D, relating to energy efficient real estate development. They also discuss developing a niche accounting practice and keeping up with frequent tax changes. Randy Crabtree is the co-founder and partner of Tri-Merit Specialty Tax Professionals,  is a widely followed author, lecturer and podcast host for the accounting profession.  Since 2019, he has hosted the bi-weekly “The Unique CPA,” podcast, which ranks among the world’s 10% most popular programs (Source: Listen Score). You can find articles from Randy in Accounting Today’s Voices column, the AICPA Tax Adviser and he is a regular presenter at conferences and virtual training events hosted by CPAmerica, Prime Global, Leading Edge Alliance (LEA), Allinial Global and several state CPA societies. Crabtree also provides continuing professional education to top 100 CPA firms across the country.  Schaumburg, Illinois-based Tri-Merit is a niche professional services firm that specializes in helping CPAs and their clients benefit from tax credits and incentives including R&D tax credits, cost segregation, energy efficient incentives (179D and 45L), and the employee retention credit (ERC). Prior to joining Tri-Merit, Crabtree was managing partner of a CPA firm in the greater Chicago area. He has more than 30 years of public accounting and tax consulting experience in a wide variety of industries and has worked closely with top executives to help them optimize their tax planning strategies. Randy can be contacted here https://tri-merit.com/staff/randy-crabtree/

Brent chats with Toby Mathis about strategies for business ownership. They cover the difference between corporations, partnerships, and sole proprietorships. They also talk about how trusts can be used to enhance owner protections in a business structure. Toby Mathis is a 25-year tax attorney and founding partner at Anderson Advisors, whose career has focused on how to save money and how to make money. As a result of Anderson’s tax work with tens of thousands of successful investors including preparing over 100,000 investor tax returns, Toby has pieced together their methods to building wealth and now educates on the surprisingly simple processes. Toby can be found here https://tobymathis.com and https://andersonadvisors.com/tobymathis-2/ If you are enjoying the podcast please SUBSCRIBE and leave a REVIEW, and if you want to learn more about Brent go to https://wealthandlaw.com/team/.

Brent chats with Gary Fletcher about the soon-to-be-effective Corporate Transparency Act. The Act requires most business entities (old and new) to report the identity of organizers and beneficial owners to the US Department of Treasury. Once the Act is effective, it will have far reaching affects on businesses in a very distinct before-and-after way. Anyone dealing with business entities in the near future will need to become very familiar with this Act to avoid its civil (and potentially criminal) penalties. Gary Fletcher is an attorney and CPA at the firm Nystedt & Fletcher, PLLC in Tucson, Arizona. Gary practices tax accounting and estate planning, and is a Fellow in the American College of Trust and Estate Counsel (ACTEC). Gary can be reached at (520) 881-3900, gfletcher@nflegal.com. If you are enjoying the podcast please SUBSCRIBE and leave a REVIEW, and if you want to learn more about Brent go to https://wealthandlaw.com/team/.

Brent and Rachel Sass discuss Patagonia’s founder, Yvon Chouniard, giving away his interest in the company to charity. They talk about gifts to 501(c)(4)s, the income tax implications, and estate tax savings. They also speculate about how to structure transfers of this kind. Rachel Sass is an experienced estate and tax planning attorney in Arizona, working in the Tucson office of Rimon, P.C.  Rachel has helped clients throughout Arizona establish their individualized estate plans to ensure peace of mind for their families. You can contact her here: https://www.rimonlaw.com/team/rachel-sass/. If you are enjoying the podcast please SUBSCRIBE and leave a REVIEW, and if you want to learn more about Brent go to https://wealthandlaw.com/team/.

Brent chats with Kristopher Flammang about personal finance after the pandemic. They discuss what has changed, what is the same, and how to plan moving forward. They also suggest ideas for staying on course with you money goals. Kris is a co-founder of LPF Financial Advisors. Kris has been in financial services since 1999 after moving to Florida from his home state of Nebraska. He currently carries the Chartered Retirement Planning Counselor(CRPC) Accredited Investment Fiduciary(AIF) and Behavioral Financial Advisor (BFA) designations. He has co-authored a book on personal financial planning. Kris can be found here: https://www.lpfadvisors.com/team/kristopher-flammang If you are enjoying the podcast please SUBSCRIBE and leave a REVIEW, and if you want to learn more about Brent go to https://wealthandlaw.com/team/.

Brent chats with Nicholle Overkamp about how to make wise money and business decisions. They focus on creating good habits, implementing systems, and unique issues for women. Nicholle Overkamp, MBA, ChFC, CDFA, is a personal finance expert and business coach for women. She’s the Founder and CEO of Wilcox Financial Group and PowHERhouse Money Coaching. PowHERhouse Money focuses on business coaching for ambitious women, wealth coaching and educational programming! Wilcox Financial Group is a comprehensive financial planning firm. It was founded to create an environment that’s progressive and client centric with outstanding high-touch service. Nicholle is the Co-Author of the best-selling book Money Bitch: A no BS guide for smart women to own their financial future. Empowering women isn’t only a mission for Nicholle through her companies but also in her personal life as she serves on the Board for Girl Scouts of WNY, SheCAN!, and The Center for Hope of WNY. She’s a fitness fanatic, outdoors lover, caffeine addict and Audible obsessed. Nicholle’s contact particulars can be found here https://www.wilcoxfinancialgroup.com/team/nicholle-overkamp-mba

This week, Richard Claywell joins the podcast to discuss business valuations. He and Brent chat about the important elements to a good valuation report, how to improve value to sell a company, and ways valuations are manipulated. J. Richard Claywell, CPA, ABV, ASA, CBA, ICVS, CVA, MAFF, CFD, ABAR, CVGA, MBV, ICVS-A has built a reputation for integrity and for providing key solutions since 1985, for clients in the legal and business communities and private individuals. In addition to specializing in Business Valuation and Forensic Accounting in the greater Houston area, Mr. Claywell has taught at various educational institutes and universities, and has been published in several publications. Richard can be found here J. Richard Claywell | Business Valuation | Forensic Accounting (biz-valuation.com) If you are enjoying the podcast please SUBSCRIBE and leave a REVIEW, and if you want to learn more about Brent go to https://wealthandlaw.com/team/.