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Who Has A Handle On Your Taxes?
You May Be Surprised!

If you are looking for help in reducing the taxes that you pay, you might contact various professionals that you think could help you.

Here are some common experiences that people have with these various professionals.
 

Profession	How they commonly think of tax planning
CPA, Accountant, EA	Typically - is doing the client’s tax return and sending them the bill for the taxes due. Some may recommend an IRA or a SIMPLE Plan, but rarely do they go much further.
Attorney	Doing a living trust to maximize estate tax exemptions
Financial Planner	Using a 401(k) plan.
CWPP™	The above “strategies” are simply the appetizer to our very unique, full course approach to tax planning. We take a proactive, rather than reactive approach. (In other words, we’re involved in helping clients structure their assets and use a variety of tools well ahead of when the tax man comes with his bill. See below to see just some of the tools we use.)

 

ESP Financial Services, LLC Advantage

When you deal with experts, their expertise is very deep, but often not broad. The ESP Financial Services, LLC Advantage — that every CWPP ™ advisor brings — provides for a cafeteria of many, many choices. Want to see a partial list?

The ESP Financial Services, LLC Arsenal of tax planning tools
(a partial list)

• Correct corporate structure
• Family Limited Partnerships (FLPs)
• “Freeze” Partnerships
• The Leveraged Bonus Plan
• Section 79 Plans
• Equity Harvesting
• Equity Indexed Annuities
• 401(k) Plans
• New Comparability Profit Sharing Plans
• Defined Benefit Plans
• 412(i) Defined Benefit Plans
• Carve out plans
• ESOPs
• Charitable Remainder Trusts
• Charitable Gift Annuities
• Family Foundations
• Qualified Pension Insurance Partnerships
• Intentionally Defective Grantor Trusts
• Long-Term Care Insurance
• HSAs
• …and many more

As you may have seen, we have links to more information on some of the topics above. We don’t expect you to read them all, but realize that most professionals have their area of expertise — but it generally isn’t in tax planning. They may be very familiar with some instruments and unaware of others. And that’s a problem.

That’s a problem because you almost certainly are paying more in income taxes, capital gains taxes and your heirs will pay too much in estate taxes after you death.

You should be very aware of how much you owe the government — and how much less you could owe if you structured your affairs using these valuable tax planning tools.

Briefly, we’d like to introduce you to just a few of the major ways in which the tax bite can be far less painful, and far less deep. Here are some hints on things to consider (and we’d be happy to discuss any of these topics with you, in a relaxed, no-obligation chat. Just contact us by clicking here to see which of these tools would be most applicable to you!)

• Qualified Plans/IRAs - You, if you own a small or medium-sized business, have a “qualified” plan of some kind (Typically, a 401(k) profit sharing plan). Think that’s the best you can do? If you’ve read this far, you know there are more options that this!

Have a profit sharing plan? Is it a New Comparability Plan? And if it is, are all your employees tested as individual classes?

Understand what a Defined Benefit (DB) Plan is, or a 412(i) Defined Benefit plan? And do you know how to use the “carve out” provisions so you don’t have to make excessive contributions to your employees?

If you understand nothing else about qualified plans — and every profitable business should have one == understand that they are not all created equally. If you need to maximize contributions for yourself as the key executive or owner and avoid overpaying plans for the staff, contact us by clicking here, today, to start saving more right away.

• Equity Harvesting (EH) - Equity Harvesting takes advantage of one of the last tax favorable plans the IRS allows you to have. EH is a tax favorable wealth building system based around using your home mortgage deduction in a strategic manner for your benefit. Would you like to be able to borrow money where you can write off the interest and then put that money into something that could grow tax free, and then come out tax free? Seem like a dream too good to be true? Want to learn more? You can contact us by clicking here for a friendly conversation where we can show you how it’s done.

Caution: there are “look alike” programs that masquerade as the plans we use. Like wolves in sheep´s clothing, they could be dangerous. Be careful when looking into advisors who tout the thinking found in Missed Fortune 101 or Stopped Sitting on Your Assets. We know; we’ve checked into them and can tell you why the systems we use are safer and more powerful. Want to find out why? Just click here to start a friendly, no obligation, conversation with us. We’re looking forward to your contact!

• Long-Term Care Insurance (LTCI) - LTCI is one of the most overlooked forms of insurance. Perhaps people think they will never need it (the statistics show that the odds are against that), that they are already covered (neither health insurance, disability insurance, or Medicare cover it, except it very limited circumstances), or that it is simply too expensive. Yet it is possible to set up LTCI and be able to deduct the premiums, and, in some cases, even have the premiums returned to the estate. If you want to leave an inheritance, and not be a burden, this is an option wise clients look at seriously. We encourage you to click here to find out more of the information we´ve prepared for you on this site.

• Charitable Planning - Think charitable planning is out of reach? Would you be interested if we told you that appropriate charitable planning could…

     • Increase your discretionary (”spendable”) income?
     • Reduce or eliminate your income taxes?
     • Reduce or eliminate your capital gains taxes?
     • Reduce or eliminate your estate taxes?
     • Secure a tax free inheritance for your heirs?
     • Allow you to leave a lasting family?
     • Allow you to leave a social legacy?
     • …all of the above ?

Hopefully, this information has piqued your interest. You owe it to yourself and to your loved ones to provide for them both today, while they still enjoy your presence, and, after you are gone. We can, and want, to help you make that happen. That’s what we are about, and we look forward to talking to you soon.