Estate Planning for Fund Principals

How is the shifting financial landscape affecting estate planning and wealth transfer between generations? In this captivating episode of the Capital Club podcast, host Brian engages with Anthony Venette, Director of Business Valuation & Advisory at DeJoy & Co. Anthony brings to the table his expertise in estate planning and business valuation, particularly focusing on optimizing gift and estate tax strategies for business owners. As the financial world grapples with demographic shifts and changing tax laws, Anthony sheds light on the critical intersection of income tax, estate tax, and business valuation, offering valuable insights into strategic wealth transfer across generations. [00:01 - 08:33] Introducing Anthony VenetteAnthony's role in business valuation and estate planningThe demographic shift impacting business and wealth transferThe importance of understanding the nexus between generations in estate planning [08:34 - 16:01] Navigating the Estate Tax LandscapeUpcoming changes in tax exemption and their impactStrategies for optimizing gift and estate tax planningThe importance of proactive planning in estate management [16:02 - 24:20] Advanced Estate Planning TechniquesThe use of carried interest in estate planningDifferences between European and American waterfall structures in fundsThe strategic benefits of early planning in estate tax optimization [24:21 - 32:12] The Role of Family Offices in Estate PlanningHow family offices can enhance wealth transfer strategiesThe significance of closely held business discounts and appreciation in estate planningThe impact of legal structures on wealth management [32:13 - 38:07] Carried Interest and Derivative SalesIn-depth exploration of carried interest and its role in estate planningUnderstanding the vertical slice rule and carried interest derivative salesThe need for expert guidance in complex estate planning scenarios Key Notes: "We sit at the nexus point between generations, facilitating that handshake from baby boomers to Gen X and millennials." - Anthony Venette "Estate planning isn't just about the numbers; it's about establishing and preserving legacy." -Anthony Venette Connect with Anthony! Website: https://www.teamdejoy.com/contact-us  LinkedIn: https://www.linkedin.com/in/anthonyvenettecpaabv/  This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information. Connect with me: https://www.linkedin.com/in/brian-c-adams/  (LinkedIn) LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information. Hosted on Acast. See acast.com/privacy for more information.