Articles

Jul 2015 – Wealth Legacy Group, Inc.

So What If the Heart Attack Comes Up Short Just last week, I received an urgent call from a client. He inquired about insurance to provide an income in the event of disability. As we talked about his sudden interest in this important coverage, he ...
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Jun 2015 – Wealth Legacy Group, Inc.

The Business “Prenuptial” and Avoiding the Manure Last week I was visiting with prospective clients who own a national business based in Texas. When I think of Texas, I think of longhorn cattle that leave behind a by-product that you don’t want to get on ...
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May 2015 – Wealth Legacy Group, Inc.

Why Review Your Estate Documents? When was the last time you reviewed your estate documents?  If it has been awhile, you are not alone.  Last week I spoke with a bright, successful entrepreneur with a lovely family who confessed that he had not reviewed his ...
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Will You Outlive Your Retirement Income?

How long do you expect to live? When I ask people this, they invariably tell me how old their parents or grandparents were when they died… Wrong answer!  Because of the mapping of the human genome and other medical advances, life expectancy today is far ...
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Mar 2015 – Wealth Legacy Group, Inc.

Dear Family, Friends and Colleagues: As some may know, I am privileged to participate with a number of extraordinary people in our community in the capital campaign for the TERi Campus of Life.  TERi is truly changing the way the world sees people with autism ...
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Using a Family Council to Prepare Your Heirs

Are you properly preparing your heirs for their inheritance? In January’s newsletter I shared of a discussion with a prospective client wishing to do estate planning for his $40M empire. He was completely focused on the need for tools, techniques and strategies, and had not ...
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Preparing Your Heirs for Wealth

Are You Successfully Preparing Your Heirs for Wealth?

I was recently contacted by a successful restaurateur. He has a number of children in the family business, and some who are not. He was interested in minimizing or even eliminating taxes upon the death or transfer of his business to the next generation. While ...
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Dec 2014 – Wealth Legacy Group, Inc.

The Impact of a Single Life During this holiday season, I would like to share the moving story of Louis “Louie” Zamperini, a man who endured inconceivable tragedy and yet in the end, chose to live a truly inspirational life. I am sure that he ...
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Nov 2014 – Wealth Legacy Group, Inc.

Do They Celebrate Thanksgiving in Liberia? We were at church with a dear friend from Africa this last Sunday. She asked me, "Papa - what does it mean - Thanksgiving? Why do we celebrate it here in America?" Do you know the answer? After a ...
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Eliminate Tax on Selling Valuable Real Estate

“You Had Me At ‘Capital Gains Taxes Are Voluntary’”

I recently received a call from a long-time client who is selling a valuable piece of real estate.  He was extremely frustrated by the enormity of taxes he will have to pay for the privilege of living in California!  Just how bad is it?  Would ...
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Sep 2014 – Wealth Legacy Group, Inc.

 A Truly Inspiring Evening On Wednesday September 17th, I spent a truly inspiring evening with over one hundred members of our San Diego business community. The Center for Wealth & Legacy™, the non-profit organization that I co-founded and chair, presented its 2014 Leadership, Legacy & ...
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Jun 2014 – Wealth Legacy Group, Inc.

Can We All Get Along? During the 1992 Los Angeles riots Rodney King famously asked, “Can we all get along?” In my experience, this is a question that business owners should address proactively with managers, key employees, and even family. Why? … The larger a ...
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