Wealth and Law

This week on the Wealth & Law Podcast, Brent and Rachel are joined by Emily B. Kile to discuss Medicaid and long term care planning. They get into the basic requirements for Medicaid, and in particular, Arizona’s ALTCS program, other social security programs, and how individuals and families can start planning for long-term care today. Emily B. Kile is a graduate of the Northeastern Scho...

This week, Rachel and Brent talk with Andrea Carr about tax planning in Hawaii. They cover the basics of Hawaii income tax and talk about the many traps for the unwary. In particular, they get into detail about the Hawaii tax credits for photovoltaic systems, the Hawaii excise tax, and the technical steps to successfully comply with those rules. Andrea Carr is a CPA located in Honolulu, Hawaii. Sh...

This week Brent is joined by special co-host Gary Fletcher to discuss the Biden Administration’s “Green Book” (or budget proposal). They focus in on proposals to increase the capital gains rates, taxing transfers of capital assets, what the spousal and charitable exceptions might mean, and why the Green Book does not mention changing the gift and estate taxes. Gary Fletcher is an...

This week on the Wealth & Law Podcast, the ladies take over the show! Rachel sits down again with Deborah Plum to talk about our must have estate planning documents. Whether someone is worth $100,000 or $100 million, they go over the foundational documents to any estate plan. You can learn more about Deborah here:  https://rimonlaw.com/team/deborah-plum .  If you are enjoying the pod...

This week on the Wealth & Law Podcast, Brent and Rachel sit down with Jamie Mendelsohn to discuss life insurance policies and the life settlement market. Many people may be surprised to learn that a life insurance policyholder can sell their existing policy to a third-party for a one-time cash payment. The payment is generally more than the surrender value, but less than the actual death benef...

Sometimes, it just feels good to get something off of your chest. So this week on the Wealth and Law Podcast, Brent and Rachel are going over the things that grind our gears. From billionaire profiling, to “simplified” tax laws, to everyone’s favorite–the IRS, we highlight our top annoying things to deal with this week. We’re sure that we missed a few and we’d l...

We hardly ever focus on a particular Internal Revenue Code Section on the Wealth & Law Podcast, but we think that Section 2104(b) deserves to be special. In our opinion, this is one of the most nerve-racking sections in the Code for non-residents and non-citizens. Brent and Rachel dive into the perils of Section 2104(b) and how it could result in disastrous federal estate tax consequences. If...

The Biden tax plan has gotten a lot of attention lately as there are quite a few ambitious proposed changes to the tax laws that could have far reaching impacts for individuals and businesses. While the current plans are in the early stages and it is difficult to predict which proposals may become law, it is nevertheless important to explain the proposed changes, how each may affect individuals an...

We love talking about charitable giving on the Wealth & Law Podcast. In previous episodes, we’ve discussed how individuals and families can incorporate charitable giving into their estate and investment plans. On this week’s episode, Brent and Rachel bring back Deborah Plum to talk about how to form your own non-profit. They get into the formation documents, how to get tax exempt s...

This week on the Wealth & Law Podcast, Brent and Rachel sit down with Deborah Plum to go over the ins and out of New York estate and tax law. They get into New York’s estate tax, the infamous estate “tax cliff”, and income tax rules. Deborah is an experienced trusts and estates associate with a background in corporate tax.  Deborah has extensive knowledge of charitable f...

One of the most frequently asked questions we get from clients is: How can I incorporate charitable planning into my investment and estate plan? We love seeing clients with charitable intent and enjoy helping clients create lasting charitable legacies. So on this week’s episode of the Wealth & Law Podcast, Brent and Rachel brought back A.J. Price of Strategic Wealth Partners. The three o...

Generational wealth has been a major talking point on the Wealth & Law podcast. In prior episodes, Brent and Rachel have talked about how to preserve generational wealth and how to pass it on to future generations. This week, we dive into how to actually build generational wealth. Brent and Rachel are joined by Kyle Larson and Lily Styrmoe from TCI Wealth Advisors and go over their top five ti...

Can you believe that we are already wrapping up the first quarter of 2021 today? (Neither can we.) This week on the Wealth and Law Podcast, Brent and Rachel bring back Doug Nelson, of TCI Wealth Advisors, to discuss the major events in the first quarter and what to expect in the coming months. They get into the Game Stop debacle, rising interest rates, and more. Doug is an advisor and shareholder...

This week on the Wealth and Law Podcast, Brent and Rachel talk with Matt Schmidt about attorney wellness. The legal and financial fields are infamously known as stressful fields of work, so Matt breaks down his top tips for how to maintain balance, be productive, and live your best life. Matt is an attorney at Schmidt, Sethi & Akmajian. He graduated from the James E. Rogers College of Law at t...

Cryptocurrency is becoming increasingly more popular with many investors saying that it is the way of the future. So on this week’s episode of the Wealth & Law Podcast, Brent and Rachel sit down with Tyrone Ross Jr. to discuss all things related to cryptocurrency. They break down crypto investing, industry hurdles to crypto, and how crypto opens up the market to the underserved communiti...

With a new stimulus package around the corner, you may be feeling anxious about whether you will receive a stimulus check. So on this week’s episode of the Wealth & Law Podcast, Brent and Rachel breakdown who will qualify for stimulus checks under the current legislation, how much you can expect to get, and our top five ways to spend that money. From donating to charity to buying big scr...

Oops, we did it again–we are talking about Britney Spears on the podcast. In the last couple of weeks, Britney Spears’ conservatorship has gained lots of attention after “Framing Britney Spears,” a new documentary by The New York Times, was released on FX and Hulu. With all of the hype around the new documentary, Brent and Rachel were eager to sit down with Joe Ferrucci to talk about t...

After a year of sheltering at home, you are probably just as anxious as we are to get out and travel this summer (hopefully). With low interest rates right now, it is also one of the best times to purchase a vacation home. Although buying a vacation home is exciting, it is important to take a step back and make sure you wrap it up with your current estate plan. On this week’s episode of the...

This week Brent and Rachel answer the basic investment questions they hear from their friends and clients: What is an IRA or 401k? What are the differences between stocks, bonds, mutual funds, ETFs? How does short-term and long-term investing work? What do you think about bitcoin? In this episode, they explain each of these and much more. If you are enjoying the podcast please SUBSCRIBE and leave...

This week, Brent and Rachel chat with Rodrigo Castillo Cottin about US-Colombian cross border planning. Rodrigo explains the basics of Colombian tax and estate planning laws, gives helpful insights into key issues, and chats about how to be flexible in planning. Mr. Castillo Cottin opened the Rimon, P.C. legal practice in Colombia, Rimon’s first Latin American office, to focus on  Trust...

This week, Brent and Rachel are joined by Anna N’Jie-Konte. Anna has decades of experience in financial planning and was the perfect person to talk to about generational wealth. As a first-generation American, Anna discusses the keys to building generational wealth. The three of them also get into wealth inequality as a by-product of generational wealth and what we can each do to help bridge...

This week, Brent and Rachel chat about community property. They explain what it is, how it works, what its tax benefits are, and they explain how one might be able get the tax benefits of community property event for property in a non-community property State. They have previously written about community property here and you can listen to them talk about community property in the divorce context...

The SECURE Act (remember that) has been around for one year now. To commemorate its first birthday, Brent and Rachel look back at the SECURE Act and how it has changed the landscape for designating a trust as a beneficiary on an IRA. Brent and Rachel have already written about this issue before here and have touched upon this topic in an earlier podcast episode here . But in this week’s epis...

Americans across the country were shaken up by the assault on the U.S. Capitol on January 6, 2021. On this week’s episode of the Wealth & Law Podcast, Brent and Rachel try to make sense of the whole situation by analyzing the events from a legal perspective. They discuss the events leading up to the riot, the various court cases, and hypothesize what Americans might see in the days leadi...

It is probably no surprise to hear that one of the most common New Year’s Resolutions is to save money. To kick off 2021, Brent and Rachel sat down with George Grombacher to discuss how individuals can be better with money. George gives some of his best tips for getting your finances in check for the new year, how a budget can help, and whether you may need the help of a professional. George...