Episodes

Every business owner wants to save on taxes, and there’s a variety of tax planning strategies available in the US. In this episode, John and Michael Parise speak with Matthew Kirk from Holland & Knight about an esoteric tax planning strategy that not many American businesses know about. Matthew gives an overview of the tax benefits in Puerto Rico and the Virgin Islands, explains the rationale behind them, and unpacks some of the finer details, cautioning businesses to speak with a proactive fina...

They say, “an ounce of prevention is worth a pound of cure.” When families procrastinate with advanced estate planning, it can jeopardize the success of the next generation and their assets. In this episode of The Truth About Wealth, John and Michael Parise share a case study that illustrates how they’ve been helping one particular family with their estate planning. Listen in as John and Michael describe their process of minimizing generational taxes by 80% and preparing the next generation to i...

Did you know that cost segregation studies can be conducted on commercial and residential properties? This week on The Truth About Wealth, Isaac Downing, the regional director at Capstan Tax Strategies, is back to unpack everything you need to know about the 1031 Exchange and cost segregation studies within commercial and residential real estate properties. Isaac also outlines the tax benefits these studies can provide to passive and active investors. Isaac discusses: The 1031 Exchange as a pow...

Cost segregation in real estate has been a taboo subject for many investors. However, there are several tax benefits to consider when implementing cost segregation within the properties you own. In this episode of The Truth About Wealth, Michael Parise sits down with Isaac Downing, regional director at Capstan Tax Strategies. Isaac unpacks the ins and outs of cost segregation and its role within your real estate properties. Isaac also details Capstan’s approach to supporting clients with differe...

The pathway to sobriety from drugs and alcohol isn’t a linear one. There is potential to have many ups and downs. And here’s where treatment facilities like the American Treatment Network help individuals get sober to become functioning members of society. In this release of The Truth About Wealth, John and Michael Parise welcome their returning guest, Matthew Sullivan, the co-founder and Chief Executive Officer of the American Treatment Network. Matthew is back to unpack how his team measures s...

It’s no secret that drug abuse can have harmful consequences for addicts and their families. Hence, it’s crucial to take action and work alongside experts who know what steps to take. In this episode, John and Michael Parise sit down with the co-founder and Chief Executive Officer of the American Treatment Network, Matthew Sullivan. Together they unveil the effects of drug abuse and opioid overdose while detailing how this problem impacts families regardless of their socioeconomic status. Matthe...

Having access to tremendous wealth can’t help you control the uncontrollable. Whether it’s the COVID-19 pandemic or the stock market crash, there are things in life that we have no control over. However, you can change the way you think about problems out of your control. This week, John and Michael Parise welcome their returning guest and learning specialist, Aprajita Anand. This time, Aprajita unpacks the four mindset shifts she uses to help and support the girls, children, and families she wo...

We’ve all heard the phrase “money can’t buy happiness.” The COVID-19 pandemic has made the relationship between money and happiness more daunting and adding social media to the mix only complicates the matter. In this episode of the Trust About Wealth, John and Michael Parise sit down with learning specialist Aprajita Anand. Known as the “Teen Whisperer” to her clients, Aprajita unpacks the empowering and enabling side of money while detailing how the pandemic and social media have impacted fami...

In business, owners retiring, passing away, or leaving are instances that happen more frequently than we may think. So, how to incorporate this information into a written agreement, especially when someone passes away? John and Michael Parise from Copper Beech Financial Group are here to answer this and more! This week, John and Michael unpack the importance of a buy-sell agreement. They detail what happens when a partner passes away along with tax implications for the surviving partner with a b...

The past two years have caused multiple stressors in the financial marketplace. Inflation, oil prices, the uncertainty of the dollar, global issues, the war between Russia and Ukraine, and others have made decision-making around our financial future a more daunting task. But don’t worry. John and Michael Parise from Copper Beech Financial Group are here to help you so that you help your clients! This week, this father-son duo unveils the tips and tricks advisors need to support their clients and...

The COVID-19 pandemic shifted the way industries have conducted business. Many companies shifted to a remote working model. However, what happens when companies try to get employees that have been working remotely throughout the pandemic to come back into an office setting full time? In this episode, John and Michael Parise discuss the challenges that employers face post-COVID. They also provide tips and tricks on how to keep employees with companies long-term. John and Michael discuss: Why peo...

So you’re looking to sell your business. Remember, you can’t spell succession without success. In this episode of The Truth About Wealth, John and Michael Parise cover all the options you have when selling your business. John and Michael detail how to determine the right time, the timelines you should follow, and the pros and cons you should consider when looking to sell a family business. John and Michael discuss: The importance of having a succession plan for your business The value of leader...

Do you know what to do when the markets are saturated? A good idea is to reallocate your assets to protect your investment portfolio. This week, John and Michael Parise go back to basics with a conversation on asset classes. They categorize them while explaining what to do with them, what to expect from them, and how to protect them. John and Michael discuss: How CDs work What are the pros and cons of bonds Stock investing and when you should buy into the market Real estate as a wealth-producin...

Right now interest rates and inflation are higher than most of us have ever seen. The market is changing and in the next 18 to 24 month it will look different than the slow rise that we have been used to seeing in the past 12 years. In this episode of The Truth About Wealth, John and Michael are joined by Christian Hyldahl, a financial professional at Varium Investments who has been in the financial business for 30 years, to discuss what the economic trends will look like in the next short futur...

If you are set to have an estate tax, how might that tax get paid? Can we get that tax to zero? In this episode, John and Michael discuss their approach to estate taxes. In their approach, taxes are voluntary and planning is essential to ensure your loved ones have a plan and the means to pay for estate taxes when the time comes. John and Michael discuss: The best and worst ways to pay your estate taxes Section 6166 for business exclusions on estate taxes Gregan loans and how they can reduce yo...

In today’s market, many investors and clients are coming off of a decade of strong stock market wins and are now wondering, what’s next? With inflation concerns running rampant, many people are starting to look at the real estate asset class for answers. In this episode John and Michael Parise welcome back guests Steven Kantor and Michael Brown for part two of a two part series on real estate investing. John, Michael, Steven, & Michael discuss: What opportunity zones are truly opportunities How...

Real estate is an asset class that comes up in almost every single client meeting. And, while it is a must-have in any portfolio, real estate is a broad asset class that is changing and evolving generation by generation. In this episode John and Michael Parise welcome guests Steven Kantor and Michael Brown for part one of a two part series where they discuss all things real estate. From how an investor should start to assess the real estate market to some key macrotrends in the space, Steven and...

If you are a lover of high quality wines that don’t break the bank, this deep dive into the various wine regions of Spain is for you. In this episode, John and Michael Parise welcome back guest Tim O’Rourke to discuss the different wine regions of Spain, the complex history that has shaped the Spanish wine industry, and how best to pair your favourite Spanish wine. John and Michael discuss: The history of Spanish wines The terroirs that shape each wine region of Spain Ideal food pairings for Sp...

2021 was a year full of ups and downs. Will 2022 be the same? In the latest episode, John and Michael Parise welcome back guest Paul Dietrich for part two of a two part series where we review the events of 2021, their impacts on the economy, and what 2022 may have in store. John, Michael, and Paul discuss: The real inflation rate in 2021 and 2022 Why unemployment numbers appear static The key events that affected the economy in 2021 How our current education system needs to change for the econo...

Have you been wondering what the rest of 2022 has in store for the stock market? Or how the pending Russian/Ukraine conflict, the Build Back Better Infrastructure Bill, or the ever-growing federal debt, might impact the market? In the latest episode, John and Michael Parise welcome back guest Paul Dietrich to discuss how you can separate noise in the market from events that may have tangible impact on the underlying economy. John, Michael, and Paul discuss: Impact of Russia/Ukraine conflict on ...

When estate planning, one of the most difficult decisions is choosing the right trustee for your family. But it doesn’t have to be. In this episode, John and Michael Parise speak with David Warren, J.D., co-founder, and chairman of Bridgeford Trust Company about the challenges of picking the right trustee and/or trust company, and highlights the things you can do to make a better decision for your family. John and Michael discuss: Conflicts of interest in trust planning Top tier trust jurisdict...

Did you know that 87% of life insurance policies never pay a death claim? Are you aware of the options available to you within the settlement space? Life settlements are one of the lesser known planning tools available to those with life insurance policies that they wish to sell. In this episode, John and Michael Parise speak with Aaron Giroux, co-founder and CEO of LifeRoc Capital, LLC about their role in the life settlement space. Aaron details how his company provides alternative planning opt...

Who is going to take care of you into your old age? Do you have your estate planning dealings worked out? In the first part of this two-parter miniseries, John and Michael introduced us to 10 concerns on the minds of their clients. In this episode, they continue the conversation focusing on long-term care planning, estate planning, taxes, and communication between generations. John and Michael discuss: Ways to address long-term care How to ensure your estate planning is correct Tax code changes...

Have you ever wondered what happens if you outlive your money? Is concern about inflation on your mind? Others in your situation are likely thinking about the same thing. In this multi-part series, John and Michael Parise cover 10 concerns on the minds of their clients. In this episode, John and Michael cover market volatility, jobs and education, inflation, and outliving your money. John shares how inflation has changed over time, and how you can deal with inflation. John and Michael discuss: ...