Melanie Johnson and Jenn Foster co-owners of Elite Online Publishing, interview Kyle Campbell, a seasoned professional from Hoteling Insurance. With an extensive background in aiding families and businesses in navigating the complexities of estate planning and leveraging insurance to foster family unity and financial security, Kyle brings invaluable insights.
Listen Below:
Watch Below:
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What You’ll Learn In This Episode:
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Importance of Estate Planning
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Role of Insurance in Estate Planning
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Maintenance of Estate Plans
Quotes:
“If the bulk of the family’s wealth is in the business, then what you have happen is parents want to treat the kids equally, or at least they want to treat them fairly. It’s not always fair, is not always equal.” (06:39)
“The problem was, if they died and the estate tax is triggered now, they owe $0.40 on the dollar for everything over 25 million, roughly right now. So 75 million in net worth at 40%, 28, $29 million tax bill coming due when they passed.” (10:58)
“Now when it comes to property and liability in those areas, you’ve got to be looking heavily every year because with all the natural disasters, hurricanes, wildfires, property rates have gone through the roof, auto claims have gone through the roof.” (15:13)
About Kyle Campbell:
We specialize in working with clients to do only what is in their best interest, not the insurance company’s. We provide comprehensive risk management and financial planning solutions, through the use of multiple types insurance products, across hundreds of carriers. By being carrier agnostic, we have the freedom to spend our time focused on solving the issues at hand, and then determining which product on the market is the best fit. Versus our competitors who spend their time crafting the story, to make the problem fit the product they are trying to sell. Experience the difference of working with a truly independent advisor.
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Video URL: https://youtu.be/C-Jl3QSBgvs
Website: https://EliteOnlinePublishing.com
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