It’s your money, there’s cash waiting if you know how to leverage the tax system
Reducing or eliminating tax liabilities – which are likely to continue to increase – are the single largest unnecessary financial obligation confronting business owners and professionals. Tax liabilities need to be considered from the perspective that they yield absolutely no financial return and strip needed capital from your company or practice. Your tax status needs to be at the top of the list in order to accelerate your wealth creating capacity. The strategies and applications discussed are often misrepresented by even the most knowledgeable of CPAs, advisors and attorneys. It’s important to have your money work at least as hard as you do especially if accelerating your net worth is a high priority. Bill Faiferlick and his guest, Pat Felix a tax and estate attorney, will discuss opportunities business owners and professionals are missing opportunities that could save them millions of dollars over the next few years.
Patrick J. Felix, Tax and Estate Planning Attorney, US
Mr. Felix practices estate planning through the law firm of Patrick J. Felix III, P.C. in Florida, Pennsylvania, Ohio and West Virginia and through Patenaude & Felix, APC in San Diego, California. Mr. Felix earned his J.D. in 1984 from the Duquesne University Law School in Pittsburgh, Pennsylvania and his LL.M. in 1986 (masters in taxation) from the Georgetown University Law Center. For 25 years, Mr. Felix has practiced tax and advanced estate planning specializing in living trusts, irrevocable life insurance/gifting trusts, dynasty/ generation-skipping trusts, family limited partnerships, charitable giving, the integration of retirement benefits into an estate plan and the utilization of domestic and international life insurance for advanced estate planning. Mr. Felix has hosted his own radio show and has also authored numerous articles and was a contributing author to The Life Insurance Answer Book.