What are the things you should be doing to move forward and put ourselves in the best position from a legal, financial, and tax response standpoint during this scary time? We can't control the things that are happening outside and I chose to focus only on the things which I can control. When you are paralyzed by fear at the time like this, setting the correct mindset and knowing your next move can make a difference!
Today, I will discuss the two most important legal documents to have in place right now, the correct financial response, and looking at tax strategy through a macro lens.
In this Episode:
- Chris' positive focus for the week
- 6 points to change your mindset from Dan Sullivan
- Two most important legal documents you need to have in place right now
- How to handle your situation with the medical power of attorney through us
- Proper structure to pass on and avoid probate upon death
- How do assets transfer to someone else's name based on state administration
- 4 ways assets can be transferred upon death
- Fortified retirement plan
- Offensive and defensive financial structure focus to have
- How to increase your income score
- Tax planning over your lifetime and your beneficiaries lifetime
- Different Tax buckets - Taxable bucket, Tax-deferred buckets, and Tax-free buckets
- Tax-efficient retirement
Links and Resources:
- "Scary Times" Success Manual of Dan Sullivan
- Register for one of our free estate & asset protection workshops
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