Three Powerful Objectives to Successful Wealth Preservation:
- Never, Never, NEVER own anything in your name, jointly with your spouse, do business as a sole proprietor, or be the general partner of a partnership. That is: FINANCIAL ENGINEERING for the preservation of your wealth, superior estate planning and "legal" protection of your assets against potential frivolous lawsuits, elimination of probate and estate death taxes.
- Defer your capital gains taxes by re-engineering your transaction(s). "Deferral" means "to Postpone." Qualifying highly appreciated assets include: Stocks, bonds, real estate, sale of your business, collectibles, art, antiques, notes at least two years old, any highly appreciated asset(s) you bought for i.e. $100 now worth $1,000.
- By re-engineering how you do business may defer, reduce, possibly eliminate taxes on your "income streams." Qualifying "income streams" (under certain conditions) include your salary, bonus, commissions, rental income, royalties...day-trading...
- Finally: tax efficient wealth transfer to your next generation.
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