Live Life Liberated

Using QTIPs to Save on State Taxes…Even In California! (Ep. 109)

QTIPs can do more than just clean your ears. They can provide another option in estate planning and tax strategies. Join Bryan Schick and estate and trust attorney Daniel Stolfa on “Live Life Liberated” as they unravel the intricacies of Qualified Terminable Interest Property (QTIP) trusts. This episode dives into the world of QTIP trusts, a vital estate planning tool, especially for high-net-worth individuals in states with high taxes like California. Listen as Daniel shares his extensive experience with estate and taxation strategies, offering insights on how to optimize estate and income tax advantages through intelligent planning. Bryan and Daniel discuss: * What exactly is a QTIP trust? [00:01:33] * Challenges faced by California residents with state taxes. [00:04:27] * How QTIP can aid tax and estate planning. [00:02:56] * The role of state domicile in QTIP benefits. [00:13:02] * Important considerations and common pitfalls in setting up a QTIP. [00:19:11] Connect with Bryan Schick: * LinkedIn: Bryan Schick [https://www.linkedin.com/in/bryan-schick-b4897b24/] Connect With Dan Stolfa: * LinkedIn: Dan Stolfa [https://www.linkedin.com/in/danielstolfa/] * Centura Wealth Advisory [https://centurawealth.com/] Connect With Centura Wealth Advisory: * (858) 771-9500 * Centura Wealth Advisory [https://centurawealth.com/] * LinkedIn: Centura Wealth Advisory [https://www.linkedin.com/company/centura-wealth-advisory/]   About Our Team: Bryan Schick joined Centura in July of 2024 as a Vice President of Insurance & Strategy. A background in accounting and mergers and acquisitions led Bryan to a career in the financial services industry. Prior to joining Centura, Bryan held senior leadership roles in large life insurance distribution groups as well as life insurance companies. Using his knowledge of the drivers in both the finance and insurance sectors, along with my deep experience in risk analysis, design structure and relationship management, he creates planning solutions for families while ensuring alignment between all the parties involved. Dan Stolfa joined Centura Wealth Advisory in October 2024 as a Senior Wealth Advisor. With a background in law and accounting, Dan transitioned into the financial services industry 20 years ago, building a distinguished career working with families, business owners, executives, foundation leaders, board members, interim CFOs, trust fiduciaries, EOS Implementers, and high-net-worth individuals nationwide. He specializes in identifying and implementing solutions for financial planning, succession planning, and wealth management needs.

How to Stay Disciplined During Market Fluctuations (Ep. 108)

Feeling on edge about your investments during these unpredictable market waves?  Matt Griffith and Sean Clark are breaking down the essentials of investment behavior amidst the whirlwind of market volatility, referencing specific examples from the years we’ve seen wild swings.  They focus on the art of portfolio construction and maintaining discipline even when the market seems all over the place. Listen closely for pointers on navigating through uncertainty with confidence, thanks to their Liberated Wealth® process. Key discussion points include: * The importance of maintaining a disciplined investment strategy to weather market storms [00:06:42] * How diversification and alternatives can add balance and reduce risk [00:03:11] * Strategies to protect against inflation and utilize tax efficiencies [00:11:41] * Real-world scenarios showcasing practical investment responses to market changes [00:09:29] * And more! Connect with Matt Griffith: * mgriffith@centurawealth.com [mgriffith@centurawealth.com] * LinkedIn: Matt Griffith [https://www.linkedin.com/in/mattgriffithcwa/] Connect with Sean Clark: * LinkedIn: Sean Clark [https://www.linkedin.com/in/sean-clark-60694518/] Connect With Centura Wealth Advisory: * (858) 771-9500 * Centura Wealth Advisory [https://centurawealth.com/] * LinkedIn: Centura Wealth Advisory [https://www.linkedin.com/company/centura-wealth-advisory/] About Our Team: As the son of a coach, Matt grew up roaming the sidelines of football games and tagging along to local gyms during basketball season. Basketball was his sport, and he enjoyed being a part of some really good teams playing small college basketball. There was no better feeling than being a part of a winning team, collaborating with others, and working toward a specific goal. After college, Matt became fascinated with capital markets. It was hard to miss in the late 90’s, as stocks were running wild in the formation of the tech bubble. He made his way to the investment business in late 2000. Sean Clark has 13 years of experience in the Financial Services Industry serving High Net Worth Families and Institutional Clients. Sean holds a Bachelor of Arts (B.A.) in Economics from Clemson University and a Master of Science (M.Sc.) in Risk Management from New York University. Areas of expertise include Financial Planning and Portfolio Management, specializing in applied mathematics and risk.

Navigating Post-Election Exemption Planning (Ep. 107)

Are you prepared for the changes on the horizon with estate tax exemptions?  Let’s discover how to plan and preserve your wealth strategically! Join host Bryan Schick as he dives deep into post-election exemption planning with Dan Stolfa, a Senior Wealth Advisor and trust and estates attorney at Centura Wealth Advisory. Together, they unravel the complexities of the current transfer tax system and explore the potential impacts of upcoming changes to estate tax exemptions. Key discussion points include: * Understanding the current federal estate tax exemption and its impending reduction [00:03:05] * The concept of portability and its significance in estate planning [00:05:42] * Legislative uncertainties and the risks tied to postponing estate planning actions [00:07:15] * Strategies tailored for different tiers of net worth to optimize exemptions [00:14:57] * And more! Connect with Bryan Schick: * LinkedIn: Bryan Schick [https://www.linkedin.com/in/bryan-schick-b4897b24/] Connect With Dan Stolfa: * LinkedIn: Dan Stolfa [https://www.linkedin.com/in/danielstolfa/] * Centura Wealth Advisory [https://centurawealth.com/] Connect With Centura Wealth Advisory: * (858) 771-9500 * Centura Wealth Advisory [https://centurawealth.com/] * LinkedIn: Centura Wealth Advisory [https://www.linkedin.com/company/centura-wealth-advisory/] About Our Team: Bryan Schick joined Centura in July of 2024 as a Vice President of Insurance & Strategy. A background in accounting and mergers and acquisitions led Bryan to a career in the financial services industry. Prior to joining Centura, Bryan held senior leadership roles in large life insurance distribution groups as well as life insurance companies. Using his knowledge of the drivers in both the finance and insurance sectors, along with my deep experience in risk analysis, design structure and relationship management, he creates planning solutions for families while ensuring alignment between all the parties involved. Dan Stolfa joined Centura Wealth Advisory in October 2024 as a Senior Wealth Advisor. With a background in law and accounting, Dan transitioned into the financial services industry 20 years ago, building a distinguished career working with families, business owners, executives, foundation leaders, board members, interim CFOs, trust fiduciaries, EOS Implementers, and high-net-worth individuals nationwide. He specializes in identifying and implementing solutions for financial planning, succession planning, and wealth management needs.

The Power of Strategic Financial Planning (Ep. 106)

Are you ready to level up your financial strategy and bring your wealth advisory team to the next level? Making the right changes can catapult your success! In this episode, Samantha Lawrence sits down with Kyle Whissel, owner of Whissel Realty, to dive into his dynamic journey of financial growth and expansion. With a rapidly growing business and a shift to more aggressive financial strategies, Kyle shares insights on how Centura Wealth Advisory has been a game-changer in managing his wealth. From overcoming seven-figure tax bills to building a cohesive and powerful financial team, Kyle and Samantha discuss the importance of upgrading advisors as your wealth grows. Listen in for a candid conversation that covers the move from fundamental strategies to complex solutions that align with ambitious personal and professional goals. Talking points include: * His transition from foundational financial planning to advanced strategies at [0:04:56] * The importance of building a coordinated team of advisors at [0:05:54] * Experiences in real estate development and innovative financial ideas at [0:12:42] * The benefit of leveraging Centura’s expertise to navigate complex investment opportunities at [0:16:49] * Insights on implementing flexible financial strategies to align with fluctuating incomes at [0:21:20] Connect With Samantha Lawrence: * LinkedIn: Samantha Lawrence [https://www.linkedin.com/in/samanthadrewlawrence/] * LinkedIn: Centura Wealth Advisory [https://www.linkedin.com/company/centura-wealth-advisory/] Connect With Kyle Whissel: * (858) 203-1994 * Whissel Realty Group [https://whisselrealty.com/team/kyle-whissel-licensed-real-estate-agent] * LinkedIn: Kyle Whissel [https://www.linkedin.com/in/kylewhissel] * Instagram: @KyleWhissel [https://www.instagram.com/kylewhissel/?hl=en] Connect With Centura Wealth Advisory: * (858) 771-9500 * Centura Wealth Advisory [https://centurawealth.com/] * LinkedIn: Centura Wealth Advisory [https://www.linkedin.com/company/centura-wealth-advisory/] About Our Guest: Kyle Whissel has been a San Diego real estate expert since 2002, working in every facet of the industry, from property management to investing and flipping. He is the CEO and team leader of Whissel Realty Group, brokered by eXp Realty, with three locations across the county. Recognized as the #1 real estate team in San Diego by The Wall Street Journal, Kyle’s team delivers exceptional service with a client-focused approach. “Who Represents You Matters.”

Unlock Wealth You Didn’t Know You Had with Eric P Wallace (Ep. 105)

Are you leaving money on the table? If you’re a high-net-worth family or business owner, hidden tax savings could add up to millions in your real estate or business.  But how do you find them? This week on Live Life Liberated, Derek Myron sits down with tax professional Eric P Wallace to talk about strategies that unlock significant financial opportunities. They cover everything from speeding up real estate depreciation with cost segregation to revisiting past expenses and finding missed deductions through Tangible Property Regulations (TPRs).  If you’re looking for practical, powerful ways to maximize your wealth and fine-tune your financial plan, this release is worth a listen! Talking points include: * Cost Segregation: Accelerate depreciation of real estate components to uncover immediate six- or seven-figure deductions * Tangible Property Regulations (TPRs): Reclaim missed deductions retroactively by scrubbing your depreciation schedule for improperly capitalized expenses * Change in Accounting Methods & Private Letter Rulings (PLRs): Unlock significant tax deferrals with IRS-approved adjustments, ideal for businesses generating $50M+ in revenue * Collaboration with CPAs: How niche specialists complement your existing CPA relationship to uncover hidden opportunities * Real-Life Success Stories: Learn how clients across industries—from construction to fast food—discovered millions in missed tax savings * And much more! Connect with Derek Myron: * dmyron@centurawealth.com [dmyron@centurawealth.com]  * LinkedIn: Derek Myron [https://www.linkedin.com/in/derekmyron/] Connect with Eric P. Wallace: * LinkedIn: Eric P. Wallace, CPA [https://www.linkedin.com/in/ericpwallace/] Connect with Centura Wealth Advisory: * (858) 771-9500 * Centura Wealth Advisory [https://centurawealth.com/] * LinkedIn: Centura Wealth Advisory [https://www.linkedin.com/company/centura-wealth-advisory/]