Who Gets it When You Go?

Who Gets it When You Go?

What seems like just yesterday, when my wife and I lived on the beautiful island of Kauai, I had the pleasure of teaming up with a true spirit of the waves, David C. Larsen.?He was not the typical strait laced estate attorney. I got the feeling that he loved flying over to Princeville in the small Aloha Island prop planes just so he could claim he was still working but without the usual suit and tie garb of the court room.

David was famous for his best selling book,?"Who Gets It When You Go?"?and also for his column in the Honolulu Advertiser. Even more so, he was hailed as the plain speaking common sense guy audiences could understand who helped countless families across the state preserve their legacy for their kids.

Have you ever heard of a program called The Charitable Remainder Trust?

Here are some of the benefits if you set one up for your family.

  • Convert an appreciated asset like your home or stocks into lifetime income.
  • Pay no capital gains tax when the asset is sold.
  • Reduce or eliminate your estate taxes.
  • Reduce your current income taxes
  • Give a valued contribution to your favorite charity
  • Provide your children their full inheritance?

My job was to gather all the professionals who wanted to help their clients in one or more of the ways we just listed into one room: Financial planners, Realtors, Insurance & Investment Brokers, Estate Attorneys, Charitable Development Directors.

David's job was to explain how?the Charitable Remainder Trust can be used as a tool to raise millions for Charitable organizations. Those in attendance were able to pick David's brain during the Q&A session which inevitably stretched way beyond our allotted time.

Our symposia were always informative, often entertaining but best of all, effective and results oriented.

Word to the wise, these times of financial change are crucial for you to re-evaluate your family portfolio. There are two constants in life - death and taxes. When the inevitable happens, do you know who gets it when you go? Your kids? Your favorite Charity? Or the Tax man?

#Estate #Attorneys #Insurance #Financial Planners #Charitable Organizations #Realtors #Development Directors #Hospitals #Schools #Alzheimer #Organ Donor #Make A Wish


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