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We are committed to helping successful business owners and families ‘pass forward’ their financial success along with their core values and virtues that created their wealth. The Center brings together a diversity of experience and professional backgrounds to identify and address the financial and legacy issues facing every business and family today. Our goals are to instill hope and provide a specific roadmap for continued success throughout the generations. The Center is a non-profit founded by a group of like-minded professionals. Read more….

2010 Wealth & Legacy Seminar Series™ in San Diego

“Just Show Me The Money”
January 27, 2010
7:30 AM to 10:30 AM

• Can ESOP’S be a source of money? Is this an option today? Could this work for you?
• Do Angels really exist (the kind with money) and what will it cost you the business owner? 
• When/where does leasing make sense today? What about factoring? Merchant advances?
• What is available today through the government (SBA) for low cost business loans?
• Bottom line: where can you go for capital today if your bank will not or cannot help???

Moderator

John C O’Neill
Partner
Procopio, Cory, Hargreaves & Savitch LLP

Speakers

Anthony L. Mathews
Director
The Beyster Institute at the Rady School of Management UCSD

Most wealth is not in the public market – it is in closely held businesses.  How can one access illiquid wealth for business growth, diversify asset holdings, perfect an estate plan without losing the business and at the same time, take your employees on as partners in growth? Hear from a national expert with his finger on the pulse of this often discussed, little understood idea.

Neil Senturia
Chief Executive Officer
U.S. Local News Network

Do financial angels really exist? What are the pluses and minuses of utilizing angels to invest in your company, and what do you give up along the way as a result? Neil is considered the “dean” of angel investing, and has been accused of being a stand-up comedian and entertainer as well!

The Panelists

Pat Burns – Primary Funding
Ted Stearns – Sterling Wealth Strategies
Tage Tracy – TMK & Associates

How to use factoring, merchant advances, leasing, government programs (SBA) and other innovative but largely unknown or under-utilized forms of “synthetic capital” to keep your business growing.

Spotlight On Legacy

Frank Vizcarra
President
Vizcarra Consulting Group

As President of The Vizcarra Consulting Group, Frank Vizcarra works exclusively with CEOs and their management teams to develop stronger and more effective collaborative strategic systems. Growing up in Mexico in extreme poverty and dysfunctional family, Frank’s childhood years would have crushed most individuals. Instead, he grew to become extremely successful in the business world, including as a Senior VP with McDonald’s Corporation. Frank has a wonderful heart to make a difference in the world and especially in the Hispanic community.

Learn more about The Center for Wealth & Legacy Studies.

There are many income tax planning strategies available today for the taxpayer that is selling his or her business. These tax planning strategies can defer, exclude or eliminate the recognition and/or payment of your ordinary income taxes and/or capital gain taxes that generally result from the sale of a business.

1031 Exchange Not Always Most Suitable Strategy for Deferring Gain

The 1031 Exchange is one strategy that taxpayers and their advisors often turn to when selling an asset. And, while it is generally the best solution for most taxpayers, it is not always the most suitable option when selling a business operation because the 1031 Exchange requires the taxpayer to reinvest in like-kind replacement property. Business owners often do not want to reinvest by acquiring another business. This is especially true of baby-boomers as they reach retirement age and what to cash out.

Seller Carry Back Financing Risky

However, they often do not want to get hit with all of the capital gain taxes in one year, either. Business owners can offer to carry back a note (seller carry back financing) so that their capital gain taxes are deferred or stretched out over the term of the seller carry back note. This also means that the buyer remains in the picture and can cause distress by defaulting on the note and/or running the business into the ground.

Deferred Sales Trust

One relatively new option is the Deferred Sales Trust, which is drafted pursuant to Section 453 of the Internal Revenue Code just like the seller carry back note. However, the buyer is out of the picture so that the risk of buyer default under the terms of the note are eliminated. The taxpayer can choose the term of the seller carry back note in order to determine the length of time they wish to defer or stretch the payment of their capital gain taxes.

Article on Deferred Sales Trust

Read the article entitled How To Avoid Capital Gains Taxes With a Deferred Sales Trust for a better description of the Deferred Sales Trust.

The webinar will include the requirements, structures, processes, strategies, and compliance issues necessary to successfully establish and maintain a Title Holding Trust. 

Presenters

William L. Exeter
President and Chief Executive Officer
Exeter Fiduciary Services, LLC

Date and Time

Tuesday, March 10, 2009
10:55 AM Login
11:00 AM — 12:00 Noon Webinar

Reservations Required

Participation will be limited to the first 20 RSVPs.  Please click here to RSVP or obtain more information. 

This is a basic level discussion regarding the benefits and advantages of acquiring, owning, holding and disposing of California real estate or any personal property under a Title Holding Trust. 

The discussion will include the requirements, structures, processes, strategies, and compliance issues necessary to successfully establish and maintain a Title Holding Trust, which is often referred to as an Illinois Land Trust.  The potential benefits of using a Deferred Sales Trust™ will also be addressed.

Participation will be limited to the first 20 people so that we can keep the phone lines open for questions and answers throughout the webinar. 

Who Should Attend?

Anyone interested in gaining a basic understanding of the benefits, advantages, processes and requirements for using Title Holding Trusts, including investment property owners, accountants, attorneys, corporate officers, certified financial planners and real estate agents and brokers (Realtors©).

Presenters

William L. Exeter
President and Chief Executive Officer
Exeter Fiduciary Services, LLC

Date and Time

Thursday, January 22, 2009
10:55 AM Login
11:00 AM — 12:00 Noon Webinar

Visit our web site for complete information and information on how you can reserve your spot.

This is a basic level webinar on forward, reverse and improvement (build-to-suit or construction) 1031 exchange transactions pursuant to Section 1031 of the Internal Revenue Code and Section 1.1031 of the Treasury Regulations.

1031 Exchange Webinar Content

The educational webinar will begin with an introduction to various tax-deferral and tax-exclusion strategies, including combining Section 1031 with Section 121.  The discussions will focus on the requirements, structures, processes, strategies, and compliance issues necessary to successfully complete a 1031 exchange transaction. 

Participation will be limited to the first 20 people so that we can keep the phone lines open for questions and answers throughout the webinar. 

Who Should Attend? 

Anyone interested in gaining a more in-depth understanding of the processes and requirements for completing successful 1031 exchange transactions, including investment property owners (taxpayers/investors), accountants, attorneys, corporate officers, financial planners and real estate agents and brokers (Realtors©).

Presenters

William L. Exeter
President and Chief Executive Officer
Exeter 1031 Exchange Services, LLC

Date and Time

Tuesday, January 20, 2009

10:55 AM Login
11:00 AM — 12:00 Noon Webinar

Reservations Required — Limited to 20 Participants

Participation will be limited to the first 20 people who register so that we can keep the phone lines open for questions and answers throughout the webinar. 

Please email your reservation to RSVP via email.

Those of us who own businesses, corporations, commercial or residential investment real estate, or other assets are often reluctant to sell because of the capital gain taxes associated with the sale of the asset.  But what other choice do we have other than a section 1031 tax deferred like kind exchange administered by a Qualified Intermediary to defer the payment of our capital gain taxes?  Do we have access to other tax deferral strategies to defer the payment of our capital gain taxes when we sell our appreciated assets?

Deferred Sales Trust

The answer may lie in the Deferred Sales Trust™. 

This capital gain tax deferral strategy could save you thousands of dollars by deferring the payment of your capital gain taxes over a predetermined period of time chosen by you.  You also have the opportunity to make money on the capital gain taxes that you would have paid to the government because the money stays working for you.

11/11/2008  9:00 to 10:00  Seminar in Irvine, California
11/11/2008  3:00 to   4:00  Seminar in Irvine, California
11/14/2008 11:00 to 12:00  Webinar
11/19/2008  6:00  to  7:30  Seminar in Fresno, California
11/20/2008  9:00  to 10:30 Seminar in Fresno, California
11/20/2008 11:30 to  1:00  Seminar in Fresno, California
12/01/2008 11:00 to 12:00 Webinar
12/02/2008  9:00  to 10:00 Semianr in San Diego, California

Click here to review all of our seminar and webinar offerings.

This is an intermediate level workshop on forward, reverse and improvement (build-to-suit or construction) 1031 exchange transactions pursuant to Section 1031 of the Internal Revenue Code and Section 1.1031 of the Treasury Regulations.

1031 Exchange Workshop Content

The educational workshop will begin with an introduction to various tax-deferral and tax-exclusion strategies, including combining Section 1031 with Section 121. The discussions will focus on the requirements, structures, processes, strategies, and compliance issues necessary to successfully complete a 1031 exchange transaction. We will finish with an explanation of the new fractional ownership opportunities of tenant-in-common property interests (TIC or CORE Interests) used as like-kind replacement property solutions pursuant to Revenue Procedure 2002-22.

There will be plenty of time for open discussions, questions and answers with our 1031 exchange experts. Handout materials will be provided for future reference.

Who Should Attend?

Anyone interested in gaining a more in-depth understanding of the processes and requirements for completing successful 1031 exchange transactions, including investment property owners (taxpayers/investors), accountants, attorneys, corporate officers, certified financial planners and real estate agents and brokers (Realtors©).

Registration Required

Click here for more complete details and to reserve your space.