The [most interesting] August Monthly Newsletter [you will receive]

Nate Collins works with a select number of business owners and their families to help achieve their financial goals. Nate provides in-depth tax-mitigation strategies and estate planning.

MY PODCAST

Jim Brault – Navigating the Personal Side of Selling Your Business

Key Takeaways:

• Start preparing for life after selling your business well in advance, including health, hobbies, and social connections. “Write the story ahead of time.”
• Understand that selling a business is a time-consuming and emotionally challenging process that requires careful preparation.
• Transitioning from an achievement-focused mindset to a fulfillment-oriented one is crucial for success after selling a business.

MY BLOG POST

The Pros and Cons of a BDIT

Beneficial Defective Inheritor's Trusts (BDITs) are sophisticated estate planning tools that offer both advantages and disadvantages for business owners.

Key Takeaways:

• Estate Tax Reduction: BDITs remove assets from the grantor's estate, potentially reducing estate tax liability, allowing for multi-generational wealth transfer with reduced tax impact, and locking in current business valuation before sale.
• Asset Protection: These trusts protect assets from creditors of both grantor and beneficiaries, safeguarding family wealth from potential lawsuits, bankruptcy, or divorce.
• Flexibility and Tax Advantages: BDITs offer flexibility in naming beneficiaries, including the trust creator, and provide income tax benefits as grantor trusts, allowing for tax-free growth and efficient wealth accumulation.
• Complexity: BDITs require careful structuring, ongoing management, and specialized professional involvement, making them costly and complex.

RAYMOND JAMES ARTICLE

2024 Mid-Year Investment Outlook

The 2024 mid-year market outlook suggests a shift from mega-cap tech dominance to broader diversification opportunities across sectors, market caps, and geographies. Matt Orton, Chief Market Strategist, highlights that corporate earnings have exceeded expectations and expanded beyond tech and consumer discretionary sectors.

Key points:

• Emerging Themes: Investors should consider opportunities in AI 2.0, small caps, infrastructure, defense and aerospace, dividend growers, reshoring, and international markets like India and Japan.
• Market Breadth: Despite concerns about market narrowness, Orton emphasizes that this is a bull market with positive developments beneath the surface. The S&P 500's composition has evolved to reflect a more growth-oriented U.S. economy.
• Stay Invested: Historical data shows that cash underperforms bonds following the end of Fed rate-hiking cycles. Orton advises stresses the importance of staying invested to build long-term wealth.

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Reach out to me today if you have questions about your estate or financial plan.