Episodes

This week, Brent and Rachel are joined again by Darren Case to talk about post-election estate planning. They dive into what the election results mean for end-of-year tax planning and how Arizona’s Prop. 208 affects high-income families. They also get into a fun Q&A on unique tax planning techniques. Darren is a shareholder in the law firm Tiffany & Bosco, PA, in Phoenix, AZ. He assists families and individuals in the areas of estate planning, probate, and tax, and is the Co-Author (with Brent ...

With the 2020 federal elections now completed (well, almost completed), Brent and Rachel go into their three-step plan for how to reconcile after the election and move forward. They also get into Arizona’s Proposition 207, which legalized the recreational use of marijuana, and what the post-election landscape means for the ongoing Black Lives Matter movement and the fight for racial justice. If you are enjoying the podcast please SUBSCRIBE and leave a REVIEW, and if you want to learn more about...

Brent and Rachel dive into incapacity on this week’s episode of the Wealth and Law podcast. They explain what incapacity is, how Powers of Attorney can help, what happens if there was no planning (or the plan fails), and how a revocable trust provides even better protection. Incapacity is a vast subject that could be discussed for hours–but this episode will introduce the listener to the main issues at hand when incapacity planning is brought up as an essential issue in estate planning. If you ...

This week Brent and Rachel introduce family limited partnerships (FLPs). They discuss the basics, how FLPs have been used historically in planning for high net worth families, how they are treated for tax purposes, current law around FLP’s efficacy, and how to use FLPs under the current IRS attacks. The discussion is high level, and there are many nuances to FLPs not covered in this episode. But, the listener should get a general understanding of FLPs and how they function. Enjoy! If you are en...

Brent and Rachel chat about how their business development options have changed due to the pandemic, how they have pivoted, and what seems to work for them. They talk in depth about the podcast, social media, and connecting with their clients and key relationships. Most importantly, they discuss what they do to make personal connections in a digital environment. If you are enjoying the podcast please SUBSCRIBE and leave a REVIEW, and if you want to learn more about Brent and Rachel go to https:...

On this week’s episode, Brent and Rachel sit down with Samuel Deane, MBA to discuss equity compensation packages, stock options, and tying it all together with an estate plan. They particularly focus on how millennials in tech and start-up companies can navigate through various types of compensation packages and what issues to focus on when negotiating a compensation package. Samuel Deane is a financial planner, entrepreneur, and is the founder of Deane Financial Partners, Inc., an independent ...

This week, Brent and Rachel sit down with Shiraz Ahmed to talk about common cross border tax issues that may arise for Americans moving to Canada, and Canadians moving to the U.S. They discuss passive foreign investment companies, retirement accounts, and more. They also highlight how a basic estate plan in one country may be treated entirely different in the other. Shiraz is a Financial Advisor and Founder of the Sartorial Wealth team of Raymond James Ltd. He specializes in coordinating the fi...

This week we discuss the recent New York Times article disclosing what it claims are President Trumps tax returns and tax information. Rachel and Brent peal back the onion of the tax code to break down the net operating losses, tax credits, deductions, payments, and refunds disclosed in the article. They also dig into the tax laws that apply to the positions taken in the returns. As an initial assumption, we take the factual claims in the articles as true and then jump off from there to explain...

Brent and Rachel sit down with S. Victoria Kahn to discuss Nevada’s favorable trust laws. They discuss the flexibility and asset protection features of Nevada law, how there’s no state income tax, and how individuals and families are using Nevada trusts to their advantage today. Victoria leads The Whittier Trust Company of Nevada Inc.’s Reno, Nevada office, and oversees The Whittier Trust Company of Nevada’s Client Advisory group. Victoria also serves on the board of directors of The Whittier T...

Brent and Rachel speak with Doug Nelson, of TCI Wealth Advisors, on this week’s episode about the expected financial picture for the final quarter of 2020. They get into depth on how people should be adjusting, or not, their financial plans and investments, what to expect from the election, and the psychology of managing difficult investment environments. Doug Nelson is a repeat guest on the podcast. You can catch is other episode at https://wealthandlaw.com/2020/06/17/episode-13-financial-plan...

This week, Brent and Rachel are joined by A.J. Price, CPA, CFP, to discuss how families can introduce younger generations to family wealth. They discuss the benefits of family-wide meetings, examine the many methods of family investments, and dive into the importance of goal-based investing. A.J. Price is an Associate Wealth Advisor at Strategic Wealth Partners. A.J. works with wealth advisors and financial planners to create portfolios in line with each client’s individual needs, preferences, ...

This week’s episode is the Live recording from Friday, August 28, 2020. Rachel and Brent dive into ways to use the extra estate tax exemption that could expire at the end of 2020, and will expire absent Congressional action in 2026. They talk about Spousal Lifetime Access Trusts (SLATs), sales and gifts to Intentionally Defective Grantor Trusts (IDGTs), Grantor Retainer Annuity Trusts (GRATs), and the economics of giving early. If you are enjoying the podcast please SUBSCRIBE and leave a REVIE...

This week Brent and Rachel are joined by Kayla Bernays to talk about what happens before, during and after a divorce and what it does to an estate plan. We get into community property, prenuptial and post-nuptial agreements, and property divisions. We also throw in some federal tax tidbits for good measure. Kayla is a partner in the Randall, Palmer & Bernays Law Firm in Tucson, Arizona. A Phoenician establishing her roots in Tucson, Kayla has received two degrees from the University of Arizona ...

This week Brent is joined by special co-host Darren Case to talk about how Covid-19 has changed estate planning and to prognosticate about the Biden Tax Plan. They dive into how to plan in the current uncertainty, what to expect with a new administration, how to structure gifts to irrevocable trusts, and how to take advantage of opportunities available in 2020 that may not last in 2021. They also discuss how to help families prepare children for transfers of wealth. Darren is a shareholder in t...

This week’s episode is from the first ever live recording of the Wealth and Law podcast. Brent and Rachel dive into lessons that they’ve learned from their clients and go over their top ten ways on building, preserving, and passing on family wealth. If you are enjoying the podcast please SUBSCRIBE and leave a REVIEW, and if you want to learn more about Brent and Rachel go to https://wealthandlaw.com/team/.

This week Brent and Rachel are joined by Shawn Garner to talk about using revocable trusts in estate planning. We get into detail about how these important trusts work, and, specifically, how they solve for incapacity, asset management, and probate issues. We also exchange real life examples of ways these trusts are used for our clients and how they bring a tremendous amount of value. Shawn is a partner in the Deason Garner & Hansen Law Firm in Yuma, Arizona. Prior to joining the firm he practi...

Brent and Rachel are joined by Mykail James to discuss financial planning for Generation Z and Millennials. We have a great conversation about financial literacy at different generations and how technology can be used in teaching personal finance. We get into the distinctions between Gen Z and Millennials, technology in financial planning, tips and tricks for Fin Tech in personal finance, and so much more! Mykail and her blog can be found at https://www.boujiebudgets.com/about She can also be f...

Brent and Rachel are joined by Eugenie George to discuss money stories, creating a financial wellness plan, and diversity and race in the financial advising and legal industries. We get into how a woman’s background and emotional connection with money from a cultural, race, gender and economic perspective can influence her interaction with money and investments. It was a timely and deep discussion about hurdles women of color face in work, education, investing, and money depending on their inter...

Brent and Rachel are joined by Ken Morris, CFA, CFP, to discuss investment management, the differences between financial planning and investment management, and the benefits and pitfalls of each. We also chat about what individuals and families should be looking for when picking an investment advisor. Ken Morris is the First Vice President and Resident Director of Merrill Lynch Wealth Management. For more than a decade, Ken has helped wealthy families and institutions make the most of their fin...

Brent and Rachel sit down with Kim Paskal to discuss how a step-up in basis at death can be used advantageously in partnerships and S-corps. Learn more about how to make a 754 Election and the tax benefits that can ensue. Kim Paskal is the Chief Operating Officer of the Tax Department and Shareholder for BeachFleischman PC. She has been in public accounting since 1994 and is a Certified Public Accountant licensed to practice in Arizona. Her specialties include tax-planning, consulting, and comp...

Brent and Rachel chat with Allison Duffy, the President and CEO of Silverado Technologies, about transitioning to a distributed workforce in the age of COVID-19 and how technology can ease the burdens on employers and employees. They discuss security concerns, training, and how to maintain a workplace culture while working from home. Allison Duffy is President and Owner of Silverado Technologies. Silverado Technologies is the leading IT consulting company in Southern Arizona, providing outsourc...

Brent and Rachel speak with the wonderful Nicole Harrigan about significant changes to the retirement account rules, the rules relating to qualified improvement property, and net operating loss rules in the CARES Act. They also talk about the 2020 accounting season, tax preparation software, and showing their children scary movies, among other things. Nicole is a partner of the CPA firm Reiger Carr & Monroe, LLP, in Tucson, Arizona. Nicole specializes in the areas of individual, partnership and...

Brent and Rachel are joined by Doug Nelson, CPA, PFS, to discuss the challenges, strategies, and opportunities of financial planning during COVD-19. We get into how to plan, what makes a good financial plan, tax saving moves, the Pepsi Challenge, and more. Doug Nelson is an advisor and shareholder at TCI Wealth Advisors. Doug has received numerous national recognitions based upon his belief that investment success involves integrating clients’ lifestyle goals with their investment plans. During...

With everything that is happening in the wake of the killing of George Floyd, we want to make clear the Wealth and Law Podcast stance: Racism is wrong in all of its forms (direct or indirect) Racism exists in our society and should never be tolerated White privilege exists in our society and it supports racism in direct and indirect ways By listening to, learning from, and following the lead of wise leaders in the Black community, we can overcome racism and change our society to become fair ...