Wealth and Law

Deborah Plum, a seasoned trusts and estates associate with a rich background in corporate tax and charitable foundations, dives into New York's intricate estate and tax laws. She discusses the notorious estate tax cliff and shares strategic insights for navigating the unique challenges of tax residency. Listeners can learn about the implications of domicile and dual residency, along with effective estate planning techniques like bypass trusts. Deborah also highlights the complexities of New York's estate taxation and how they compare to other states.

One of the most frequently asked questions we get from clients is: How can I incorporate charitable planning into my investment and estate plan? We love seeing clients with charitable intent and enjoy helping clients create lasting charitable legacies. So on this week’s episode of the Wealth & Law Podcast, Brent and Rachel brought back A.J. Price of Strategic Wealth Partners. The three of them dive into several different tax efficient ways to give to charity. They get into qualified charitable distributions from IRAs, donor advised funds, private family foundations, and charitable remainder trusts. A.J. Price is an Associate Wealth Advisor at Strategic Wealth Partners. A.J. works with wealth advisors and financial planners to create portfolios in line with each client’s individual needs, preferences, and risk tolerance. A.J.’s bio and contact information are available at https://www.stratwealth.com/portfolio/a-j-price-cpa-cfp/.

Generational wealth has been a major talking point on the Wealth & Law podcast. In prior episodes, Brent and Rachel have talked about how to preserve generational wealth and how to pass it on to future generations. This week, we dive into how to actually build generational wealth. Brent and Rachel are joined by Kyle Larson and Lily Styrmoe from TCI Wealth Advisors and go over their top five tips for how younger individuals and families can begin building the generational wealth that they’ve dreamed of. Kyle Larson is a a CFP, Financial Advisor, and Shareholder at TCI Wealth Advisors. Kyle graduated from the University of Arizona before attending medical school and later becoming a financial planner.  While Kyle enjoys working with all clients, he specializes in planning for doctors, nurses, and others who work in medicine, namely new and resident physicians. You can find Kyle at https://tciwealth.com/employee-directory/kyle-larson/ and can contact him at kyle.larson@tciwealth.com. Lily Styrmoe is a CFP, CSRIC, and Financial Advisor at TCI Wealth Advisors. Lily graduated Magna Cum Laude from Northern Arizona University with a degree in Environmental Studies. Her particular area of expertise is in sustainable, responsible, and impact investing. Lily enjoys aligning clients’ long term investment strategy and overarching financial plan with their core values, specifically environmental and socially responsible focused goals. You can find Lily at https://tciwealth.com/employee-directory/lily-styrmoe/ and can contact her at lily.styrmoe@tciwealth.com. If you are enjoying the podcast please SUBSCRIBE and leave a REVIEW, and if you want to learn more about Brent and Rachel go to https://wealthandlaw.com/team/.

Can you believe that we are already wrapping up the first quarter of 2021 today? (Neither can we.) This week on the Wealth and Law Podcast, Brent and Rachel bring back Doug Nelson, of TCI Wealth Advisors, to discuss the major events in the first quarter and what to expect in the coming months. They get into the Game Stop debacle, rising interest rates, and more. Doug is an advisor and shareholder at TCI Wealth Advisors. Doug has received numerous national recognitions based upon his belief that investment success involves integrating clients’ lifestyle goals with their investment plans. During the last decade, Worth, Barron’s, and Bloomberg Magazine regularly recognized Doug’s work as one of the top independent financial advisors in the nation. You can find Doug at https://tciwealth.com/employee-directory/doug-nelson/, and you can contact him at Doug.Nelson@tciwealth.com, 520-733-1477. If you are enjoying the podcast please SUBSCRIBE and leave a REVIEW, and if you want to learn more about Brent and Rachel go to https://wealthandlaw.com/team/.

This week on the Wealth and Law Podcast, Brent and Rachel talk with Matt Schmidt about attorney wellness. The legal and financial fields are infamously known as stressful fields of work, so Matt breaks down his top tips for how to maintain balance, be productive, and live your best life. Matt is an attorney at Schmidt, Sethi & Akmajian. He graduated from the James E. Rogers College of Law at the University of Arizona. Matt’s primary interest in law focuses on general personal injury, insurance bad faith, and police misconduct. Matt was honored as one of Tucson’s 40 under 40 by the Tucson Hispanic Chamber of Commerce and the Arizona Daily Star in 2014. Matt teaches law students and lawyers about both modern technology and mindfulness in the stressful legal environment. He wrote a column called “Techno-Law-gically Speaking” and now writes one called “Mind your Mind” in the Writ, the Pima County Bar Association Newsletter.  You can learn more about Matt at: https://www.azinjurylaw.com/matt-schmidt.

Cryptocurrency is becoming increasingly more popular with many investors saying that it is the way of the future. So on this week’s episode of the Wealth & Law Podcast, Brent and Rachel sit down with Tyrone Ross Jr. to discuss all things related to cryptocurrency. They break down crypto investing, industry hurdles to crypto, and how crypto opens up the market to the underserved communities. Tyrone Ross Jr. is the CEO of Onramp Invest and founder of 401STC, a storytelling consultancy. He is a graduate of Seton Hall University, and was also a 2004 Olympic Trials qualifier in track and field in the 400 meters. Tyrone was recognized by Investment News 40 under 40 (2019), and WealthManagement.com as a top ten advisor set to change the industry in 2019. FinancialPlanning.com also named Tyrone as one of 20 people who will change wealth management in 2020. Recently, he was named to Investopedia’s Top 100 Financial Advisors. You can learn more about Tyrone at http://tyroneross.io/. You can also support the No Kid Hungry organization by making a donation at https://www.nokidhungry.org/.

With a new stimulus package around the corner, you may be feeling anxious about whether you will receive a stimulus check. So on this week’s episode of the Wealth & Law Podcast, Brent and Rachel breakdown who will qualify for stimulus checks under the current legislation, how much you can expect to get, and our top five ways to spend that money. From donating to charity to buying big screen TVs, we talk about it all. If you are enjoying the podcast please SUBSCRIBE and leave a REVIEW, and if you want to learn more about Brent and Rachel go to https://wealthandlaw.com/team/.

Oops, we did it again–we are talking about Britney Spears on the podcast. In the last couple of weeks, Britney Spears’ conservatorship has gained lots of attention after “Framing Britney Spears,” a new documentary by The New York Times, was released on FX and Hulu. With all of the hype around the new documentary, Brent and Rachel were eager to sit down with Joe Ferrucci to talk about the Britney Spears conservatorship. They discuss how Britney’s conservatorship started and the current court battles, how a conservatorship can be imposed on an individual and the judicial safeguards that are in place, and even dive into the crazy conspiracy theories regarding Britney’s conservatorship. Joe Ferrucci is a hands-on California trusts and estates attorney with more than a decade of experience.  He regularly assists his clients with estate planning related not only to ordinary wills and revocable living trusts, but also sophisticated estate planning strategies with respect to gift tax, estate tax and the generation-skipping transfer tax.  He has experience establishing and administering irrevocable gift trusts, irrevocable life insurance trusts, qualified personal residence trusts, and charitable trusts.  He also advises clients on real property matters and Prop 13 property tax planning. Joe can be reached at joseph.ferrucci@rimonlaw.com, and you can learn more about his practice here.

After a year of sheltering at home, you are probably just as anxious as we are to get out and travel this summer (hopefully). With low interest rates right now, it is also one of the best times to purchase a vacation home. Although buying a vacation home is exciting, it is important to take a step back and make sure you wrap it up with your current estate plan. On this week’s episode of the Wealth & Law Podcast, Brent and Rachel discuss some of the methods of incorporating a vacation home–whether that’s in your home state, another state, or abroad–in your estate plan. If you are enjoying the podcast please SUBSCRIBE and leave a REVIEW, and if you want to learn more about Brent and Rachel go to https://wealthandlaw.com/team/.

This week Brent and Rachel answer the basic investment questions they hear from their friends and clients: What is an IRA or 401k? What are the differences between stocks, bonds, mutual funds, ETFs? How does short-term and long-term investing work? What do you think about bitcoin? In this episode, they explain each of these and much more. If you are enjoying the podcast please SUBSCRIBE and leave a REVIEW, and if you want to learn more about Brent and Rachel go to https://wealthandlaw.com/team/.