Gifts and Estates: Navigating Limits in 2024

Maleeah and CJ join Shawn with strategic insights for smart gifting in your estate planning.

Episode Transcript

(00:04):
This is Money in Motion with ClassFinancial, a fun and informative show designed
to help you get answers to allyour retirement questions in one place at our
phone lines. They are open foryou right now. If you have questions
for our retirement planning professionals from ClassFinancial love to have you join us this
week. Telphy number to get onthe air six oh eight three two one

(00:27):
thirteen ten. That's six oh eightthree two one thirteen ten. You can
learn more about Class Financial on theirwebsite COSS Financial dot com. That's Coss
k l aas Financial dot com.And they're telephone number six oh eight four
four two five six three seven.Don't forget no charge for that initial get
to know you appointment tech Loss Financial. It will be complimentary to you again

(00:48):
their number six oh eight four fourtwo five six three seven. And to
get on the air this morning,it's the regular get on air number six
oh eight three two one thirteen ten. That's six oh eight three two one
thirteen ten. As mentioned Join theweek by Cjkloss and Malia Quavis. CJ.
How you doing this morning? Doinggreat? How are you Sean?
I'm doing really well. Malia?How have you been very good, happy

(01:10):
to be here. It's great tohave both of you along, and we've
got a really good question conversation.I had a great conversation ahead about saving
for our retirements, but also ofcourse helping out the grown kiddos and what
we need to understand when it comesto things like gifting. It's a really
important conversation, should be very informative. A little thing too, by the
way, speaking of great information,not only are going to get some great

(01:30):
information if you pay close attention,you'll also have a chance to win a
fantastic prize. This week, ourfriends from Class Financially have provided a twenty
five dollars gift card to Best Buywith the Closs Quiz question of the week.
Tell you a little bit later onin the program how you can win
that twenty five dollars gift card toBest Buy. Little tip though, as
mentioned, if you pay close attention, most of the time the question and
answer come up during each week's show, so it definitely benefits you for a

(01:53):
number of reasons to pay close attention. Before we get rolling on this week's
conversation this week's topics, let's takea look back at last week's program and
get the question and the answer thereas well. Yeah, so last week
we had a nice conversation about debtand how we really work hard to make
sure are soon to be retirees aremoving the right direction, which is away

(02:14):
from debt. So in that discussionlast week, our question was true or
false. In twenty twenty three,persons ages sixty to seventy eight carried approximately
twenty five thousand dollars of credit card, auto and student loan debt. Congratulations
to Leo of Portage, Wisconsin,correctly answered true, So we would rather

(02:36):
you not have that debt, butwe want you to be familiar with the
numbers. So thanks for listening andlisten carefully today. It was a fantastic
program as always, don't for Youcan listen back at Classfinancial dot com.
That's Closs klaasfinancial dot com. Also, while you're there, you can sign
up for the weekly Market Pulse newsletter. It's a great weekly email a little
snapshot of what's been going on inthe market, as well as linked to
the most recent podcast. Speaking oflast week's show, it started quite the

(02:59):
conversation at the Preble households, sodefinitely worth listening to and some really really
great, Uh, great conversation withKashan's going to stop spending money that crass,
yes, sort of, but itwas. It was a fantastic show
for sure, and always always reallyinformative as well. So yeah, listen

(03:19):
back to that at class Financial dotcom. As mentioned foul Minds, they're
open three two one thirteen ten.That's three two one thirteen ten. Gets
you on there with Malia and CJ. And of course we're going to discuss
this week saving options for retirement,but also the importance of you know,
for those who are in a positionyou want to help out adult children,
what should we understand about gifting options? CJ. So we do get this

(03:43):
this question often from a lot ofour clients who are parents of adult children.
They want to know, you know, hey, if I give money
to my children, is that uhhow does that work? Dud? Do
I pay taxes? Do they paytaxes? Is it a charitable Is it
like a charitable contribution where I getit to doctor? Can I claim it
on my itemized deductions? So there'sall this question or uncertainty or lack of

(04:05):
clarity around how that is reported andhandled for tax reasons. So that's what
we're going to talk about today.So let's first begin with defining what is
considered a gift. The IRS considersany transfer to an individual, either directly
or indirectly, where the full considerationmeasured in money or money's worth is not

(04:25):
received in return. The general ruleis that any gift is a taxable gift.
Let me repeat that last sentence.The general rule is that any gift
is a taxable gift. However,the vast majority of gifts that are given
do not end up being taxable becauseof a number of exemptions or limitations that

(04:49):
you need to be aware of.And that's what we're going to actually talk
about today. So the first itembeing there is a gift tax exclusion for
federal gift tax purpose, and thatamount is currently eighteen thousand dollars per individual
in the year twenty twenty four.That means that you can gift eighteen thousand
dollars per person to as many peopleas you want to with no federal gift

(05:13):
tax consequences. Now, if yousplit that gift with your spouse, So
think I give eighteen thousand dollars maybeto one of my children, and my
spouse gives eighteen thousand dollars to onechild. That could be thirty six thousand
dollars per individual, again with nofederal gift tax consequences. In addition,
if you stay under the gift taxlimit for each recipient, you don't have

(05:34):
to file a gift tax return forthe year. For example, a husband
and wife with two children could giveaway a total of seventy two thousand dollars
a year to them. That's eighteenthousand per person per child, and that
again has no tax repercussions for thegiver or the receiver. And once those

(05:56):
gifts are made, that money isthen removed from your tax estate in your
lifetime. In twenty twenty four,the max you can give over these limits
we're talking about, So think ofthat that you know, eighteen thousand dollars
to any number of individuals in anycalendar year per person. Think of if
you want to give over that amount. Then there are limits to how much

(06:17):
you can give during or after life, and that is known as the Federal
gift tax Exemption amount or the federalgift amount, and that is thirteen point
six one million dollars per person asof the year twenty twenty four. That
means twenty seven point two to twomillion per couple in twenty twenty four.

(06:39):
So think of it as okay,if I give eighteen thousand dollars to my
child, no federal gift tax consequenceswhatsoever. It's just a base exemption amount.
If I go over that, nowI start using up my certificate.
My certificate as of now is thirteenpoint six one million dollars. But even
then, when I start using upmy certificate, there's no taxes on that,
right, so I don't pay taxas the receiver doesn't pay taxes.

(07:01):
It's only once I get over thethirteen point six one million dollars that I
would pay any sort of attax.So I hope people are listening closely here,
because there's so much confusion when wemake the statement the general rule is
that any gift is taxable. Peoplego, who wha, wha, whoa
whoa. If that's true, thenthen oh my goodness, we're going to
pay all this tax. And Igo, yeah, that's the general rule.

(07:24):
But there's all these ways to avoidthat tax. Number one being the
eighteen thousand dollars, and then numbertwo being even if you go over that,
you have thirteen point six one milliondollars that you can give over your
lifetime or hour after you die.So now couple of alerts here. Alert
number one. In twenty twenty six, the federal estate and Gift tax exemption

(07:45):
is scheduled to be cut down,is known as a sunset provision, so
it would be cut down almost inhalf to six point eight million dollars per
individual. So those numbers are prettyhigh, but they're going to be cut
in a half in the future ifno changes are made to beyond that.
You should know that if you startgiving gifts over the eighteen thousand dollars again,
as long as it's not over yourlifetime exemption amount, you're not going

(08:07):
to pay tax nor with a recipient. But once you go over that amount,
you have to actually file this formseven oh nine. Again, you
don't have to pay taxes just becauseyou're using the form seven oh nine.
But that Form seven oh nine thenis tracking your certificate. Again. Think
of that as I've got something inmy back pocket that says, hey,
I can give away thirteen point sixone million dollars during or after life,

(08:28):
and once I start going over thateighteen thousand per individual, I have to
start basically on that form seven ohnine tracking how much I've given during and
afterlife. Really important stuff there andreally important to pay attention to that to
twenty twenty twenty six change if itdoes sunset that way. I think for
a lot of folks they say,well, what you know, twelve millions,
thirteen million, whatever, but sixmillion you start owning a bunch of

(08:52):
farm land off ellery. It's right, yeah, you might get into that,
so really important stuff. As wetalked this morning with CJ and Malia.
CJ colss to Malia Quavis. Theyare our retirement planning professionals from COSS
Financial. Love to hear from youthis morning. If you've got a question,
all I got to do is grabyour phone and dial six oh eight
three two one thirteen ten. That'sthree two one thirteen ten. I'll get
you right on the air with Maliaand CJ. Don't forget. You can

(09:13):
learn more about COSS Financial. They'vegot a great website. It's COSS Financial
dot com. That's k l aaS Financial dot com. You can get
to know the team at COSS financially. You can learn a little bit about
their separate divisions, how they canhelp you or if you're an employer.
I'm also a great link there tosign up and subscribe to the weekly Market
Paul snowsletter. Again. That availableto you at Cossfinancial dot Com. Their

(09:33):
telephone number, the office right herein Madison six oh eight four four two
five six three seven. That firstappointment at Coss Financial. It will be
complimentary to you. It's not goingto cost you a thing. Again,
their telephone number six oh eight fourfour two five six three seven. We'll
talk a little bit more about gifttax and what you need to know.
We'll get the details from Cgenmalia andtake your call next as Money in Motion
with Coss Financial continues right here onthirteen ten WIBA. This is Money in

(10:05):
Motion with Class Financial, a funand informative show designed to help you get
answers to all your retirement questions inone place, talking with our retirement planning
professionals CJ. Closs and Mali Equavis. They come to us from Class Financial
their website Cossfinancial dot com. That'sk l Aasfinancial dot Com. A fantastic

(10:26):
website and resource and learn more aboutClass Financial. Also great opportunity there to
sign up for the weekly Market Pulsenewsletter. Just find the envelope down towards
the bottom that says stay current andneed to sign up there. It's a
great weekly email of what's been goingon in the markets. Also, we'll
link to the most recent podcast againthat available to you at cossfinancial dot com.
Speaking of things available to you aswell, the telephone number six oh
eight four four two five six threeseven, No charge for that initial gets

(10:50):
to know you have appointment that initialconversation at Coss Financial. It will be
complimentary to you again their number sixoh eight four four two five six three
seven. Station number six oh eightthree two one thirteen ten to get you
on the air. That's three twoone thirteen ten. Talking taxes this week,
specifically when it comes to gifting optionsand I think of, you know,
if I give money to someone Will, then Malie, I have to

(11:13):
pay a gift tax or what dowe need to know? There? Sean
Will, but no one else.Okay, let's see thanks out there.
One thing our listeners probably realize asa listen week to week on our show
as we repeat ourselves a lot.So I'm going to repeat some of the
things CJ just said so that itkind of sticks in everybody's head. So
given everything he has just spoken about, likely there will not be a gift

(11:37):
tax to pay for the person givingthe gift because of those high limits.
However, if there is, thedonor is generally responsible for paying that gift
tax. Under special arrangements, thedonee may agree to pay the tax instead.
But again it's it's very rare.So we want to just kind of
highlight what can be excluded from gifts. So, as CJ mentioned, the

(12:01):
general rule is that any gift isa taxable gift, but the exceptions are
the following. So gifts that arenot more than that annual exclusion that we
mentioned eighteen thousand per individual, thatwould be the number one. Number two
would be tuition or medical expenses thatyou pay for someone. That would be

(12:22):
the educational medical exclusion that we'll discussshortly. The next item is gifts to
your spouse. If they are aUS citizen, those are not considered gifts
money that goes back and forth betweenspouses. However, if your spouse is
not a US citizen, they canreceive gifts up to one hundred and eighty

(12:43):
five thousand dollars per year at leastfor twenty twenty four without needing to report
the gift, So that is afluctuating number every year. Another exclusion would
be gifts to a political organization forits use. And another thing we like
to highlight over and over again isthose gifts that you give to your children

(13:03):
are not tax deductible, so keepthat in mind. It feels like they
should be. But that's fright right. We should do a show on that
one of these guys. Yeah,yeah, things that should be with Clausmans
exactly. Talking this morning with MaliaQuavis and CJ. Class Our retirement planning
professionals from Class Financial phone lines areopen six oh eight three two one thirteen

(13:26):
ten. That's three two one thirteenten. The website for Class Financial Class
Financial dot com. That's k laas Financial dot com and their telephone number
six oh eight four four two fivesix three seven. No charge for that
initial get to know your appoyment techClass Financial. It will be complementary to
you again their number six oh eightfour four two five six three seven.
So, Malia, what are someof the benefits of gifting to family or

(13:48):
other folks? Well, you know, I think sometimes this seems obvious,
but I think many times people arethinking, well, you know, I'm
going to live my life and I'mgoing to leave a legacy be hind for
my children or grandchildren. And yetwe're seeing all around us, you know,
clients living well into their nineties.And so when they live well into

(14:09):
their nineties, which is great becausemany of them are quite healthy, that
means their children are likely to bein their sixties or seventies. And so
the point here is, you know, receiving monies. We watch it every
day, receiving monies in your seventies. We generally are way past even wanting
to see that money. We've donedone okay on ourselves for ourselves, and

(14:33):
then suddenly there's this inheritance. Iactually had a client in her nineties receiving
inheritance from a sister who passed away, and I can guarantee you we don't
want to see money in your nineties. It's very frightening. You're like,
what is this? What is this? So long story short, we really
think that you know, as yousit down with your financial advisor and they

(14:54):
map out how you're going to beokay, and that's the number one situation
here, and make sure you're goingto be okay to get yourself through retirement
well into your eighties and nineties.Let's plan perhaps a gifting strategy, because
what we see is that if adultchildren could possibly receive some gifting, if
they could receive it in their latethirties, forties, or even early fifties,

(15:18):
that kind of assistance is really goingto be much better received because that's
when they could actually use some ofthat money. So if you have enough
resources, as they said, totake care of your own needs, you
could look at a strategy that couldhelp help them and also perhaps help you
minimize future estate taxes. So whatwe do like to point out is that

(15:43):
if you're going to give a giftto a child, an adult child,
perhaps it makes sense not to giveit the same amount every single year or
the same time of year, becausethen there's an expectation, oh, this
is the month mom and dad sendus something, right, And you have
to remember a gift is gift,which really means you can't tell them what
to do with it. So that'sthe other hardship with adults that do that,

(16:04):
But it really creates this wonderful sensefor our clients as they help their
grandchildren get through nursing school, ormaybe help with paying for a private high
school experience, whatever it might be. They are here to watch that situation
go through it with them. Sothe other item I mentioned earlier is educational

(16:26):
medical expenses, So this is anotherexception to the eighteen thousand annual gifting limit.
You can give an unlimited amount toyour children for tuition or medical expenses.
So this would be a situation whereyou have to pay it directly to
the educational institution or the medical providerand not send it to the child first.

(16:48):
So that's a really nice item tobe able to help them with and
really move them along in life.Helping to pay off student loans would not
count as an exception. Just notethat unless you were a co signer on
the loan. And then and thenthe final idea for a gifting strategy might
be adding money to the retirement accountsof your grandchildren or perhaps your children.

(17:14):
You could offer to make contributions totheir retirement accounts as soon as they have
taxable earned income. So right now, the annual contribution limit to a roth
IRA, for example, is seventhousand dollars a year or a traditional IRA
for those under fifty, So youcan contribute or they up to seven thousand
annually or one hundred percent of theirearned income, which is whichever is less.

(17:38):
So what a nice thing. Maybethey're starting out, they're making,
you know, twenty thousand dollars ayear and they can't really put money away
for themselves. They're younger, youcould actually help fund a retirement account for
them, as long as they havethe earned income to back that up.
So there's so many ways to helpyour family members now versus much later.

(18:02):
What a great way to jump startand encourage saving as well. That is
a great opportunities. Who talked thismorning with Malia Quavis and CJ. Colss.
They are our retirement planning professionals fromCoss Financial. Really easy to get
a hold of them. Six oheight four four two five six three seven.
That's the office right here in Madison. No charge for that initial gets
to know you appointment at Coss Financial. It will be complimentary to you again

(18:22):
their number six oh eight four fourtwo five six three seven. The website
coss financial dot com that's k laas Financial dot com. Get to know
the team at Coss Financial. Learna little bit more about their separate divisions,
and of course sign up for thatweekly Market Pulse newsletter, all available
online at Cossfinancial dot com. We'llcontinue your conversation with Cjenmalia. We'll talk
about trusts. It's going to bea great segment, trust me. We'll

(18:45):
do that next as Money in Motionwith Coss Financial continues here on thirteen ten
wib A. This is Money inMotion with Klassan a fun and informative show
designed to help you get answers toall your retirement questions in one place.

(19:06):
Chatting with our retirement planning professional CJ. Closs and Malia Quavis of Klass Financial.
The website class Financial dot com.That's Coss k l aas Financial dot
com. Great website there, Telephonenumber six O eight four four two five
six three seven. No charge forthat initial gets to know you appointment at
Coss Financial. It will indeed becomplimentary to you again their number six oh

(19:26):
eight four four two five six threeseven. Hold on to that number as
well. Coming up a little bitlater on in the segment, we'll do
our Class Quiz Question the week,chance for you to win a fantastic prize,
a twenty five dollars gift card toBest Buy Again that coming up a
little bit later on in this segmenttalking this week about gifting and and some
of the gifting guidance that's out there, and what about CJ using trust to

(19:48):
make gifts. Yeah, this canbe another great way to think about gifting
when you don't want the money tomaybe go directly to the individual right away,
but you wanted to want to getmoney outside of your state. Now
I should mention we are not estateplanning planning attorneys. We do not draft
legal documents, so you would ultimatelyneed to work with your estate planning attorney

(20:12):
on anything we're going to discuss here. But think think about this. Different
ways to give gifts would be thatyou could fund a trust while you're living,
So beyond making tax free gifts,individuals and couples can use other estate
planning tools, such as specialized trustto make gifts during your lifetime. The

(20:33):
advantage of doing this is that you'reable to shift future appreciation on quickly appreciating
assets to the next generation. Soagain let's go back to the basics here
that the general rule of thumb isthat any gift is a taxable gift.
However, you can give eighteen thousanddollars per individual on an unlimited basis per

(20:53):
year without any tax to you orthe recipient. You can also give like
thirteen points sixty one million dollars duringand after your lifetime without any tax to
you or the recipient. Now again, be cautious everybody, because sometimes people
go, oh great, So ifI die, my ira goes to my
children with no tax. No no, no, no no no. That
is a different, different tax.If you have a pre tax retirement account

(21:15):
and you die and that money goesto your children, it will still be
part of that lifetime exemption amount ofthirteen point six one million dollars, but
it will have no extra tax besidesthe tax of the fact that it was
a pre tax retirement account. Sobe cautious of those items. But now
we start thinking about, well,goodness, what if I am fortunate enough

(21:36):
to be over these exemption amounts.Sean you mentioned earlier a farmer. Often
farmers don't think of themselves as verywealthy because they might only have a couple
hundred thousand of liquid assets. Butthen when you start looking at their farm
land and all the appreciation of thegenerations over the years, they can be
sitting on twenty thirty forty million dollarsworth of raw land, and they don't

(21:57):
know this often until they die,at which point Uncle Sam comes a knock
in and they say, we needa federalist at tax amount on this physical
land that is worth more than thelifetime exemption amount. So here's what some
people will do. They'll say,well, I don't want that to happen
for obvious reason. I don't wantto have to sell land or sell a

(22:19):
stock or whatever it might be,because during and after life, I'm giving
more than these exemption amounts. Sothey will fund trusts. You can use
versions of irrevocable trust to put moneyin there, and when you put the
money in, that is using up, by the way, a part of
your lifetime exemption amount. So thinkof it as like I'm putting a gift
into this irrevocable trust, so Ihave to make a notation on my certificate.

(22:42):
But any appreciation of what I putinto that irrevocable trust, land,
stock, whatever it might be,is now happening outside of my estate.
So often people who have growing estateswill do this early on to try to
get the growth outside of their estate. Another way to do this is through
a grant or retained annuity trust knownas a grat granted retained annuity trusts,

(23:06):
or what we call split interest trusts, in that you get some kind of
benefit along well, you get thegrowth outside of your estate. So anything
you put in there, just likeI was mentioning before, the growth happens
outside of your estate. But thesplit interest component is that you're actually able
to get some income off of that. So it's the split interest between you

(23:27):
and the next generation. There's alot more technicality in that, but I'm
going to keep it at that highlevel for now. There's other forms of
gifting that could have some more immediatebenefits, So think of doing outright charitable
gifts to five oh one c threeorganizations. So we mentioned when you give
money to your children, you've gotto try to stay under that eighteen thousand

(23:49):
dollars number, or if you're goingto go over it, file that certificate
and then don't give more than thirteenpoint six during your lifetime. But generally
speaking, as long as you stayunder those numbers, there's no tax consequences
and no tax benefits. However,when you give a charitable gift, it
could be part of your itemized deductions, and so if those itemized deductions get

(24:11):
large enough and they're over your standarddeduction, you could actually get a tax
benefit for giving money to charities.We have done entire shows on this concept
of utilizing a donor advised fund.Donor advise funds or dafts for short,
are these really cool mechanisms where youcan put money into the donor advice fund
in a really large chunk. Sothink of it as doing ten years worth

(24:34):
of gifts into a donor advice fund. By doing so, this is called
tax bunching. You're getting way overthe standard deduction and getting a benefit for
those gifts. And then the donoradvice funds holds your dollars so that you
can give out of it to thefinal ending charities over the next decade.
So it's this really cool tool thatallows you to do what's called tax bunching.

(24:59):
Anybody's listening in their head is spinning, going what is tax bunching?
What is he talking about? Callour office, call your accountant or a
financial advisor, and they can explainto you what it is that I'm talking
about. Talking this morning with CJ. Cossimally, Ecuavis our retirement planning questions
from Class Financial the website COLSS financialdot com. That's k l aas Financial
dot com and they're telephone number six. So eight four four two five six

(25:21):
three seven. I know there's alot of other options. I know there's
a couple of that we really wantto touch on before the other program Are
there CJ Yeah. Final two waysto give gifts in a charitable fashion,
but now utilizing a trust again wouldbe what's known as a charitable lead trust.
So a charitable lead trust may allowa charity to receive the income generated

(25:41):
by the assets held in the trust, and the value of the assets placed
in the trust is removed again fromyour taxable estate after a set time,
the trust distributes the remaining assets tothe trust beneficiaries. Another form of this
is a charitable remainder trust. Thistrust is similar to a charitable lead trust,
but it operates in the reverse.The donor or beneficiaries receive income from

(26:04):
the trust for a set amount oftime, and the assets remaining at the
end of the term are distributed toone or more charities by the donor.
The donor receives a charitable deduction basedon the present value of the remaining interest
that will go to the charities uponthe donor's death. The value of the
remainder interests going to charities excluded fromthe grantur's estate for a state tax purposes.

(26:26):
So again, charita remainder trust canoften be referred to as a split
interest trust. Again, listen,what I just went through here in this
last section is awesome stuff. Forany estate planning attorney. They'll be like
great and woa, wo woe.So the great is these are wonderful tools
that people on the air and aroundthe country should be aware of. But

(26:47):
the woe, woe, woe isman. The complexity and the kind of
IRS oversight over these is really significant. So this is not a go out
and google it and do it.This is a wow, these are really
interesting. I should go sit downwith my estate planning attorney. So hopefully
we have kind of peaked your interestsfor those that might have a taxable estate

(27:10):
in the long run. And theconclusion should be talk to your advisor and
talk to your attorney. Fantastic guidanceas always. CJ. Closs and Malia
Quavis, our retirement planning professionals fromClass Financial. The website for Class Financial.
It is class financial dot Com spelledk l aas Financial dot com.
Great website to learn more about ClassFinancial. Also an opportunity there to sign

(27:30):
up for the weekly Market Pulse newsletter. Again that available to you at classfinancial
dot com and their telephone number sixoh eight four four two five six three
seven. Do not forget no chargefor that initial gets to know your appointment
at colass Financial. It will becomplimentary to you again their number six oh
eight four four two five six threeseven. You want to hold on to
that telephone number now as well,because it's time for the Class Quiz Question

(27:52):
of the week. It works likethis. In just a moment, I'll
ask you the class Quiz question theweek. You will then have thirty minutes
from the today's program to call theClass Financial office right You're in Madison at
six oh eight four four two fivesix three seven. If you are the
first call with correct answer will winthis week's prize, which is a twenty
five dollars gift card to best buy. This week's coss quiz question the week
is this how much is the gifttax limit in twenty twenty four? Is

(28:17):
it fifteen thousand dollars or eighteen thousanddollars per person. Telephone number six oh
eight four four two five six threeseven. First call with correct answer won
that twenty five dollars gift card twoBest Buy. And again that's Coss Financial's
office right here in Madison, thatnumber six oh eight four four two five
six three seven. C. J. Malia, It's always great hanging out
with both of you guys. Enjoythis most beautiful of days. Thank thanks.

(28:41):
We're going fishing next here on thirteenten WIBA. This is Money in
Motion with Coss Financial Asset Advisors,LLC, a registered investment advisor registered with
the SEC. The content of thisshow is for informational purposes only and should

(29:02):
not be considered individual investment advice.Class Financial does not offer tax or legal
advice. Any opinion offered during thecourse of this show is the opinion of
that particular investment advisor representative, andnot necessarily the opinion of Coloss Financial