Episode 19: Staying Informed: Navigating the Evolving Tax Landscape

Ever wondered how meticulous asset valuation can impact your tax outcomes? Tune in to discover the secrets behind optimizing wealth transfer and tax compliance with highly regarded tax and estate planning expert, Eric Lanning! In this episode of Jet Setting Wealth Advisory, host David T. Yu speaks with Eric Lanning, a highly respected counsel at Frost Law with over two decades of experience in taxation of insurance, annuity products, and estate planning. Eric shares invaluable insights into meticulous asset valuation, proactive estate planning, and the importance of tax-efficient setups such as LLCs for effective asset management. He also highlights the versatility of life insurance in tax and estate planning, emphasizing the benefits of tax-free growth and asset protection. Key Takeaways: → Detailed asset documentation and running a business correctly can help navigate tax complexities. → Proactive estate planning is crucial to prevent family disputes and ensure smooth wealth transfer. → Utilizing tax-efficient structures like LLCs can optimize asset management strategies. → Life insurance serves as a versatile tool for tax planning, offering tax-free growth and asset protection. → Staying informed about potential tax law changes is essential for effective wealth preservation and asset growth. More from Eric Lanning and Frost Law: Contact: [e-mail] Website: https://floridataxattorney.com/ https://askfrost.com/our-team/eric-lanning LinkedIn: https://www.linkedin.com/in/eric-lanning-j-d-ll-m-87ab69a6/ https://www.linkedin.com/company/frostlaw/ Engage with David T. Yu: Connect on LinkedIn, Instagram, & Facebook Sign up for our newsletter or book a call! Visit: DTY Wealth Planning Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices