Tag: Wealth Management
Advanced Estate Planning for Californians (Ep. 7)

Advanced Estate Planning for Californians (Ep. 7)

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Is your estate plan California-proof?

Join Ray Olmo and James Cunningham of Cunningham Legal on California Wealth Warriors as they dive into the intricacies of California estate planning, equipping you with the knowledge you need to protect your assets and legacy! 

Together they dive into critical topics like property taxes and the impact of Propositions 13 and 19, making this episode a vital resource for successfully maneuvering through California’s complex financial and legal landscape.

Key Highlights:

  • California’s Estate Planning Landscape: Insights into the state’s unique challenges, including high property values and the ‘Mansion Tax’
  • Property and Estate Tax Nuances: An exploration of California’s evolving property tax laws, like Propositions 13 and 19, and their impact on wealth management
  • Estate Planning for Business Owners: Diving into the specific challenges faced by California’s entrepreneurs, including business valuation and contingency planning
  • Educational Insights: Discover why professional guidance is essential in navigating California’s complex estate planning scene
  • Preparing for the Unexpected: Strategies for dealing with unforeseen events, emphasizing the importance of business continuity and estate management
  • Trustee Responsibilities in California: A focus on the crucial role and risks of trusteeship in the state, highlighting the need for expert legal advice
  • And much more!

 

Connect with Ray Olmo: 

Connect with James Cunningham: 

 

About James Cunningham:

Jim Cunningham, Partner, Certified Specialist – Estate, Trust, and Probate Law at CunninghamLegal, is a second-generation California attorney in his third decade of practice. Jim and the firm he founded have helped thousands of families and individuals plan their estates—and preserve their legacies. Certified by the State Bar of California’s Board of Specialization as a Specialist in Estate Planning, Trust, and Probate Law, Jim holds a Bachelor of Arts in History from the University of California at Santa Cruz (Honors in the Major) and a Juris Doctor from Whittier College of Law.

Jim is also a real estate investor, California real estate broker, and recognized expert on California property taxation.

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Advanced Retirement Planning for Californians (Ep. 5)

Advanced Retirement Planning for Californians (Ep. 5)

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What do California’s wealthy know about retirement planning that you don’t? 

Ready to find out?

Dive into the specialized world of retirement planning for California’s high net worth individuals and business owners in this episode of the California Wealth Warriors Podcast. Host Ray Olmo is joined by Phil Koehler, a seasoned professional in retirement plans and employee benefits, for an essential discussion that’s a must for anyone managing wealth in California.

Key Highlights:

  • Empowering California’s Entrepreneurs: Explore Ray Olmo’s passionate journey to empower Californian entrepreneurs and small business owners, uncovering unique strategies to navigate the state’s distinct business landscape
  • Phil Koehler’s Holistic Wisdom: Dive into Phil Koehler’s extensive experience in retirement planning and discover his comprehensive approach to weaving retirement plans into broader financial strategies
  • Redefining Retirement for High Earners: Venture beyond traditional 401(k) plans with our experts. Uncover how tailored retirement strategies can better serve California’s high earners and business owners
  • Confronting Industry Oversights: Engage in a thought-provoking discussion about the financial industry’s blind spots, particularly how they fail to meet the unique needs of business owners, underscoring the urgency for customized financial guidance
  • Decoding Non-Qualified Retirement Plans: Gain insights into the complex world of non-qualified retirement plans, their benefits for high earners, and the critical understanding of their limitations and risks
  • CPRP: A Financial Fortress: Discover how the California Private Retirement Plan (CPRP) emerges as a critical tool for asset protection, especially during economic uncertainties
  • Synergizing Retirement Strategies: Learn the art of integrating various retirement plans to meet the specific needs of high net worth individuals, a strategy essential for sophisticated wealth management
  • Crafting a Secure Retirement Blueprint: The episode concludes with Ray and Phil distilling their combined expertise into vital strategies for a secure, personalized retirement, tailored to individual risks and aspirations
  • And much more!

 

Connect with Ray Olmo: 

Connect with Phil Koehler: 

 

About Phil Koehler:

Phil Koehler brings a wealth of knowledge in retirement plans and employee benefits, backed by his legal expertise and experience in law and accounting firms. He specializes in comprehensive financial planning and asset protection strategies, focusing on the unique needs of California’s high earners and business owners.

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Advanced Asset Protection Planning for Californians (Ep. 4)

Advanced Asset Protection Planning for Californians (Ep. 4)

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Want to learn how top investors in California keep and increase their wealth? 

Tune into the California Wealth Warriors Podcast with host Ray Olmo and asset protection maestro Jeffrey Verdon. They’re ready to share key strategies and resources for managing wealth in California. This episode is perfect for anyone in California looking to safeguard their money and grow it wisely.

Key Highlights:

  • Asset Protection Odyssey: Discover Ray and Jeff’s journey in asset protection, highlighting their dedicated mission to secure Californian assets
  • The Role of Private Retirement Plans: Dive into how California’s Private Retirement Plans play a vital part in asset protection, and understand their limitations
  • The Evolution of Asset Protection: Trace the historical development of asset protection and its ethical application in modern estate planning.
  • Advanced Strategies in California: Dive into the complexities of Californian asset protection, discussing the importance of early planning and legal compliance
  • Asset Protection Trusts Explained: Learn the differences between domestic and foreign trusts and how they can strategically secure your retirement funds
  • A Spectrum of Asset Protection Tactics: Analyze key strategies like California PRPs, Domestic Trusts, Offshore Planning, and using Lifetime Exemptions for estate planning
  • Essential Advice for Californians: Gain insights from Jeff on the critical role of asset protection in your financial strategy, including a unique “lawsuit exposure and stress test”
  • And much more!

 

Connect with Ray Olmo: 

Connect with Jeffrey Verdon: 

 

About Jeffrey Verdon:

Jeffrey Verdon is a Partner of Falcon Rappaport & Berkman LLP, formerly the Managing Partner of the Jeffrey M. Verdon Law Group, LLP. He has been practicing law in the areas of taxation and comprehensive estate planning since receiving his Masters of Law (LL.M. Taxation) from Boston University in 1979.

Mr. Verdon was named by Goldline Research as one of the “Top 10 Most Dependable Lawyers of California for 2008.” He specializes in estate, trust and income tax planning, and asset and lifestyle protection planning for high-net worth clients across the United States.

Mr. Verdon was a Fellow and Senator of the distinguished Isle of Man-basedOffshore Institute, a professional body that is dedicated to the education and training of competent practitioners in offshore and international finance and tax planning, and to improving the professional standards of those who dispense professional advice in this field. He is also one of the founding members of one of the earliest and most distinguished publications on comprehensive estate planning, Jacob’s Report on Asset Protection Strategies.

In addition to his practice, Mr. Verdon is a highly sought-after speaker in the areas of taxation and estate planning. He regularly lectures aboard luxury cruise ships, and at top Investment Conferences Internationally.

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Entity Tax Planning for California Businesses (Ep. 3)

Entity Tax Planning for California Businesses (Ep. 3)

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How do you protect and grow your wealth in California? 

Ray Olmo, the voice of the California Wealth Warrior Podcast, teams up with tax expert Ed Cotney from Olympus Tax to unveil the secrets of wealth management in California. Together they dive into the intricate relationship between business entities, trusts, and effective tax planning, offering a wealth of knowledge for those within or aspiring to join the ranks of California’s financially savvy.

Key Highlights:

  • Trusts and Business Entities Combined: Discover how the California Private Retirement Plan Trust and smart use of corporations and LLCs can safeguard your assets and provide significant tax benefits
  • Mastering Business Growth Challenges: Ed Cotney brings to light the complex tax realities in California, emphasizing advanced financial strategies crucial for business expansion and success
  • Wealth Maximization Tactics: Learn how high-income business owners can benefit from C corporations for optimal tax planning and wealth preservation
  • Steering Clear of Legal Traps in Business Structure: Understand the importance of accurate business entity structuring and explore the Management Services Organization (MSO) for robust legal protection and compliance
  • Securing a Legacy: Explore key strategies in estate planning and structuring businesses for effective generational wealth transfer
  • And much more!

 

Connect with Ray Olmo: 

Connect with Edward Cotney: 

About Edward Cotney:

Edward Cotney is the founder and principal at Olympus Tax, Business and Insurance Solutions, Inc. and author of Tax Secrets Made Simple. He hails from Alabama (Roll Tide), earned degrees in Physiology and Aviation Management and served active duty in the US Air Force for twenty years before retiring in 1998 in Northern California. 

Ed graduated from the prestigious Professional Mentoring Program in Franklin, Indiana, where he became a Family Wealth Counselor in 2000.  Working as a strategy and tax designer, he applied this practical knowledge to helping families implement advanced strategies to significantly reduce taxes, increase income and make a difference in the world.  He also completed the Business Enterprise Institute program to become a Certified Exit Planner.

Lauded for making the complex simple to understand, Ed is well known for providing continuing education classes to professional advisors across the nation. Some of those lectures can be found on YouTube. Ed is a popular speaker and participates in radio programs on the topic of Maximum Tax Control. Ed and his wife Laura reside in Northern California. Laura is an elementary school principal, and they have two grown children. Ed and Laura enjoy water and snow skiing, camping, flying, parachuting and losing golf balls.

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Mission: Protecting Californians Wealth from Lawsuits & Taxes (Ep. 2)

Mission: Protecting Californians Wealth from Lawsuits & Taxes (Ep. 2)

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Do your assets have iron-clad protection?

Let’s unravel the intricacies of asset protection and tax planning in the Golden State with Ray Olmo. In this sophomore episode, Ray emphasizes the importance of proactive financial planning, especially for business owners, entrepreneurs, and real estate investors, highlighting the need for early and strategic actions.

Key Highlights:

  • Explore the essential roles of tax planning and asset protection in growing your wealth
  • Navigate through California’s complex legal landscape
  • Understand the importance of a multi-advisory approach in managing wealth
  • Gain insights into California’s unique homestead exemption laws and understand the limitations of IRA and life insurance protections
  • Discover the California Private Retirement Plan (PRP) – a unique tool for asset protection, particularly beneficial for small business owners and entrepreneurs
  • Learn about the structure of effective asset protection: a layered approach with trusts, entities, and assets
  • Leverage California’s high-risk environment for tax benefits
  • Realize the PRP’s advantages in re-characterizing private assets for retirement, offering significant protection from creditors
  • And much more!

 

Resources:

Connect with Ray Olmo: 

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