Estate Taxes are Changing - Take Proactive Steps Now

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

Commercialrealestateinvesting, Realestateinvesting, Cashflow, Smartinvesting, Apartmentinvesting, Investingsmart, Management, Buyingrealestate, Entrepreneurship, Business, Realestateinvestment, Multifamilyrealestateinvesting, Makingmoney, Buyingapartmentbuildings, Jakeandgino, Investing

4.9 • 842 Ratings

🗓️ 7 July 2021

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

Warning: this show may make you angry! In this episode, Jake, Gino and Teresa interview estate planning expert and attorney Linas Sudzius, J.D., CLU, ChFC. As you may have heard, everything is changing tax wise. These changes have the potential to devastate families and create financial burdens for your children, especially for real estate investors who have substantial illiquid assets. It’s important to understand and plan for these changes while you still can. Some key takeaways include: What estate planning is What the current rules are Knowns and unknowns about the changes, and how they can affect what people are doing today and moving forward. Strategies you start implementing now. How life insurance can play an important role in estate and tax planning. Listen to the podcast to learn more. Interested in learning how to begin planning for the changes using the Dual Asset Strategy? Schedule a call with our 100 Year Real Estate Investor Team now: https://100yearrei.com/callnow/

Transcript

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0:00.0	Hello, everybody, and welcome to the one-on-year real estate investor. We're your host, Jake,
0:11.1	Gino, and Teresa. This is the show dedicated to long-term personal financial engineering.
0:17.6	Today's guest is an estate tax professional. In 2014, he sold his estate planning
0:22.3	law practice in Franklin, Tennessee. Today, he writes for the publication, Think About
0:26.9	It, founded by life insurance guru Steve Lindberg. The most recent book, excuse me, sellout is
0:32.7	available from advance underwriting.com. So without further ado, Linus Sujis, welcome to show.
0:40.3	Thanks very much.
0:41.2	Appreciate the invitation.
0:43.1	Appreciate the opportunity to be here.
0:45.7	Hey, it is our pleasure to have you here.
0:48.0	And I just want to give a quick note to everybody.
0:49.8	We're going to have some nice slides here.
0:52.0	So anyone that's listening on audio, please go check out the YouTube if you want further visuals.
0:59.3	Teresa, I know you have a longstanding relationship with Linus. Why don't you tell us a little bit about that before we get this started?
1:05.6	Well, you know, in the world of estate planning, which is really the topic that we're talking about today,
1:11.0	there are a lot of really fine attorneys out there. But one of the things I really appreciate
1:15.6	about Linus is how he can dumb down the topic and the conversation to make it understandable.
1:24.2	I even had a comfortable call with him. That's how good this guy is. Okay. If I can relate with an attorney, I mean, you know we're doing something here. So that's right. We had a call together. And wasn't it as plain English, didn't he communicate these really complicated concepts in his plain English as possible? He made me feel safe and comfortable. I know. Exactly, which is why I really
1:45.0	enjoy working with him. And for those of you out there, if you want to have a conversation with Linus,
1:50.0	know that that will be available to you. And we'll talk about that at the end of the call.
1:54.7	And why is it important right now? Because everything is changing potentially tax-wise this year.
2:01.0	Everything is on a table.
	...

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