Why Should Business Owners Consider Section 1202

Why Should Business Owners Consider Section 1202  What is Section 1202? The Qualified Small Business Stock (“QSBS”) gains exclusion is known as Internal Revenue Code Section 1202. Section 1202 allows a portion or 100% eligible capital gains from QSBS to be excluded from federal income tax. The exclusion applies only to QSBS held for more […]

California Lutheran University Financial Planning Featuring Student Eric Chen

California Lutheran University Financial Planning Featuring Student Eric Chen Eric Chen wanted to become a CFP to help others. Whether that is creating a road map to buy a home, helping save money to send their children to college, planning for a vacation, or planning retirement.  Like many others, Chen began his undergraduate career unsure […]

What Should You Know About Asset Protection Trust

What Should You Know About Asset Protection Trust A Domestic Assets Protection Trust (“DAPT”) is an irrevocable trust which is generally formed as a defective grantor trust to benefit the trustor. A properly-structured DAPT shields trust assets from the claims of creditors of the trustor, making it a particularly attractive estate planning tool for business […]

California Lutheran University Financial Planning Featuring Student Christopher Fono

Meet Christopher Fono, a graduate student pursuing an MBA in Financial Planning at California Lutheran University.  In May 2018, Fono graduated from Cal Lutheran with a degree in Criminology and Criminal Justice. His choice to study an MBA in a different career direction from his undergraduate degree came when he was researching careers after graduating, […]

California Lutheran University Financial Planning Minor Featuring Student Melissa Wasylewski

California Lutheran University Financial Planning Minor Featuring Student Melissa Wasylewski Melissa Wasylewski came to California Lutheran University as a business administration major. In her freshman year, she took the class Principles of Accounting as a requirement for her major. This class combined with the influence of her dad who told her to look into accounting […]

California Lutheran University Financial Planning Minor Featuring Student Zach Bullard

For Zach Bullard, baseball and sport have been an important part of his life since he was four or five years old. Not only does he love playing baseball, but it has influenced his dream job to have one day; to be a financial planner for baseball players and run his own financial planning firm. […]

Generation-Skipping Transfer Planning Consideration

A generation-skipping transfer (GST) occurs at the time a property is gifted or bequeathed to generations who are two or more below that transferor (Tomin & Carcone 2018). The person who is two or more generations below the transferor is defined as a skip person, could include family members or unrelated people. In the case […]

The Advantages of QTIP Trust

A qualified terminable interest property trust (“QTIP Trust”) refers to a trust that allows for a marital deduction for property passing to a trust for the benefit of the surviving spouse, even though the decedent controlled the passing of trust property at the surviving spouse’s death. The QTIP Trust ensures a spouse to give a […]

California Lutheran University Financial Planning Minor Featuring Student Jared Martin

California Lutheran University Financial Planning Minor Featuring Student Jared Martin Jared Martin’s journey at California Lutheran University began as a Computer Science major. Shortly after taking one of Professor Klepper’s classes he soon realized it was not the major for him, nor the career path he wanted to go down. In Professor Klepper’s class, he […]

Two Practical Estate Planning Strategies for Trust

Trust is not the luxury of wealthy people; it also works for net worth falls within the federal estate tax exemption. According to the IRS 2020, the federal estate and gift tax exemption is $11.58 million for an individual and $23.16 million for a married couple in 2020. The reason for trust is an excellent […]

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