Tag Archives: Estate Planning

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How To Minimize the Drastic Impact of Proposed Tax Changes – With Richard Schloss



Although the proposed tax legislation is subject to changes, you can still take some measures now to be better prepared for when changes are actually happening.

In part two of this series about expected tax changes, join David Vallieres, Jordann Andrusiak, and returning guest Richard Schloss, as they dive deeper into how the new tax proposal may affect your income, estate, and gift taxes. They also discuss strategies to help you optimize your wealth transfer to future generations.

You will learn:

  • The time period when the proposal is most likely to be passed
  • How to use the Spousal Lifetime Access Trust (SLAT) & the Irrevocable Life Insurance Trust (ILIT) for efficient estate planning
  • Tips to help you fully utilize your current unused gift tax exemptions
  • And more!

Tune in to discover steps you can take today to minimize the impact of the new tax regulations!

Resources: Synergy Capital Solutions | David Vallieres | Jordann Andrusiak | Email at: hello@synergycapitalsolutions.com | Richard Schloss | Dawda, Mann, Mulcahy & Sadler, PLC.


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Expected Changes in Estate Planning & Income Taxes – With Richard Schloss



According to the Biden Administration’s new tax proposals, some tax benefits and exemptions might not be available moving forward.

But you can take advantage of them while they last.

In this episode, David Vallieres and Jordann Andrusiak talk to Richard Schloss, member at Dawda, Mann, Mulcahy & Sadler, PLC. Join them as they explore the expected tax law changes and discuss the impact on estate planning, trust administration and income tax planning.

You will learn:

  • How drastic reductions in estate and gift tax exemptions may affect your financial plan
  • The likelihood of various tax laws being passed in the near future
  • Things you can do now to prepare yourself to deal with the new tax regulations
  • How increased tax rates might affect the M&A space
  • And more!

Tune in to learn how you can proactively adapt to expected tax changes!

Resources: Synergy Capital Solutions | David Vallieres | Jordann Andrusiak | Email at: hello@synergycapitalsolutions.com | Richard Schloss | Dawda, Mann, Mulcahy & Sadler, PLC.


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Florida Domicile From a Financial Planning Standpoint – Part 2



While one of the advantages of living in Florida is the lack of an individual state income tax, that’s not the only benefit it provides to its residents!

In the second part of the Florida Domicile series, David Vallieres is joined by Michael Witzke, chair of McDonald Hopkins Estate Planning and Probate Group, and Amanda Dorio, managing attorney at The Dorio Law Firm, PLLC. Together, they dive deep into the asset protection and property tax benefits in Florida and discuss how it can have a significant impact on your financial plan.

You will learn:

  • The fundamental difference between estate tax and inheritance tax
  • How to access the two key asset protection tools in Florida – Homestead Creditor Protection and Tenancy by the Entirety
  • Real-world examples of clients benefitting from Florida Domicile
  • Complications that may arise in the state you’re leaving, and tips to deal with them
  • And more!

Listen now to learn how you can take advantage of the various tax and asset protection advantages offered by the state of Florida!

Resources: Synergy Capital Solutions | David Vallieres | Michael Witzke on LinkedIn | Amanda Dorio on LinkedIn | Email at: hello@synergycapitalsolutions.com


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Florida Domicile From a Financial Planning Standpoint



People often consider moving to a different state, whether it’s for a job change, for better weather or simply to live a comfortable life after retirement.

And one of the states in hot demand right now is – Florida!

In this episode, David Vallieres is joined by Mark Burns, CEO at Synergy Capital Solutions. They discuss why so many people are moving to Florida, not just for the warm weather and the social lifestyle, but also for various tax benefits and a better asset protection offered by the state.

You will learn:

  • The key factors you should consider before changing your residency
  • How the lack of a state death tax in Florida can save you thousands of dollars
  • What the Homestead Creditor Protection program is all about – and the potential benefits from an asset protection standpoint
  • The property tax benefits enjoyed by primary residents of Florida
  • Why top wealth advisors and attorneys are setting up their practice in Florida
  • And more!

Tune in to learn why you should consider a Florida domicile, and how the rapidly growing state offers several opportunities for the future!

Resources: Synergy Capital Solutions | David Vallieres | Mark Burns | Email at: hello@synergycapitalsolutions.com


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The Synergy Between Financial Planners and Tax Advisors – With Dennis Wolgin



The responsibilities of a tax advisor are no longer limited to a simple income tax return. It’s about consistently making informed decisions throughout the year to optimize your tax picture.

In this episode, David Vallieres is joined by Jordann Andrusiak, and guest Dennis Wolgin, tax consultant at Schlaupitz Madhavan, P.C. Join them as they discuss how financial planners can effectively collaborate with tax advisors to provide greater value to their clients, as the tax filing season approaches.

In this episode, you will learn:

  • How Synergy Capital Solutions works closely with tax experts to develop highly efficient tax-plans
  • Ways in which secure online portals help you keep your documents organized
  • How to prepare for the very first tax meeting with your advisors
  • Questions that you should ask while hiring a tax advisor – as an individual or a business
  • And more!

Tune in to learn how you can be better prepared to tackle your 2020 taxes during the upcoming tax season!

Resources: Synergy Capital Solutions | David Vallieres | Jordann Andrusiak | Schlaupitz Madhavan, P.C.


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How Can You Prepare for 2020 Taxes?



Tax Day for your 2020 taxes has returned to April 15th this year, after a year of shifted deadlines and uncertainty with COVID-19. Are you prepared for this tax season? What will be different when it comes to filing your 2020 taxes?

In this episode, David Vallieres is joined by Alex Burns, John McCarron, and Lisa Inman to discuss 2020 taxes and how you can prepare for this upcoming tax season. 

In this episode, you will learn:

  • Ways you can begin to prepare for the 2020 tax season
  • How the CARES Act will impact your 2020 taxes
  • Whether you should be maxing out your retirement accounts this year
  • How Synergy can help you this tax season — and why it’s imperative to coordinate with your tax professional
  • What you should be asking of your tax professional
  • And more!

Tune in to hear from the Synergy Capital Solutions team to start preparing for the 2020 tax season!

Resources: Synergy Capital Solutions | David Vallieres | Alex Burns | John McCarron


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What 2021 Entails for the Financial Markets



After the stock market peaked at the end of 2020, the investing momentum has continued into this new year!

So, are you ready to kickstart 2021? Do you have a robust plan in place?

In this episode, David Vallieres is joined by his fellow investment committee members at Synergy Capital Solutions, Jordann Andrusiak and Eric Nahat. They discuss the key market trends you can expect over the coming months, and how you can adjust your plan to fully harness the opportunities that 2021 has to offer!

In this episode, you will learn:

  • The expected recovery trends for the markets going forward
  • How the elections, both at the presidential level and Georgia Senate run-off, affect the markets
  • Ways in which interest rates are expected to influence fixed-income investments
  • Why you should always focus on long-term investment planning
  • And more!

Listen now to learn more about the expected market trends, as further updates about the elections and COVID-19 unfold!

Resources: Synergy Capital Solutions | David Vallieres | Jordann Andrusiak | Eric Nahat | Synergy Capital Solutions Podcasts | Email at: hello@synergycapitalsolutions.com


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Who is the Captain of Your Ship?



Do you know who the person is that is navigating your team to success? 

In this episode, David Vallieres speaks with Jordann Andrusiak, Bill Brown and Norton Stern as they discuss how they take on the primary responsibility as the quarterback calling the shots. They discuss the systematic process of leading advisors and professionals to achieve the clients’ goals.

In this episode, you will learn:

  • What it means to collaborate with other professionals to get the best results for your clients
  • How we work and collaborate with other advisors
  • How we take the lead to overcome challenges
  • What expectations we hold for the CPAs, attorneys or other professionals that we have partnerships with
  • And more!

Tune in now to learn more about who is in charge of the group marching you down the field. 

Resources: Synergy Capital Solutions | David Vallieres | Jordann Andrusiak | Bill Brown 


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Creating a Proactive Financial Plan for 2021



With market highs in February, a severe drop in March and now a great recovery again in November – 2020 has seen some extremely volatile market behavior. As it is coming to an end, it is important to plan for the future!

In this episode, David Vallieres is joined by colleague Mark Burns to discuss how COVID and the recent elections have affected the market. They provide several meaningful insights into how you can proactively adjust your financial plan to the anticipated future changes in 2021.

In this episode, you will learn:

  • The key transition periods during 2020 and how to prepare for year end
  • Ways in which the elections affect you from a regulatory and a tax standpoint
  • How technology has impacted the marketplace, the workforce and the clients
  • What’s around the corner for 2021 and your next steps going forward
  • And more!

Tune in now to learn how you can enter 2021 with a solid long-term plan to better manage your finances!

Resources: Synergy Capital Solutions | David Vallieres | Mark Burns | Email at: hello@synergycapitalsolutions.com


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The 2020 Election vs. the Market



How will the markets prevail through the fallout from the 2020 presidential election?

In this episode, David Vallieres and Eric Nahat discuss the impact this historic election and results have had on the market. David and Eric dig through the noise and talk about what they have seen over the past week of dissension from a market perspective.

In this episode, you will learn:

  • How the noise and lawsuits around this election may affect the market
  • Why a divided government historically has had a positive effect on the market
  • Why this can be an emotional time for investors and clients with the interim uncertainty
  • What is driving the federal reserve
  • And more!

Tune in now to learn more about how the results of the election are impacting the market.

Resources: Synergy Capital Solutions | David Vallieres | Eric Nahat