Dreaded Lawyer/Esquire Jokes Compounded,Compliments of Barry J. Lipson, Esq.
With Jeff Watson, Esq. “The Lawyer To The Gurus” “Tax FREE Money Forever”
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Transcript of With Jeff Watson, Esq. “The Lawyer To The Gurus” “Tax FREE Money Forever”
with Jeff Watson, Esq.
“The Lawyer To The Gurus”
“Tax FREE Money
Forever”
What You’re About to Discover
A roadmap to an unfair business advantage
3 Keys to Building & Keeping Wealth
The Challenge For Real Estate Investors
• “Cookie Cutter” Legal Advice – SAM’S STORY• Not Getting Ahead – Paying too much in Taxes• Little Or No “REAL” Wealth Protection• Struggle to Keep “Hard Earned” Wealth
Challenges for RE Investors
• Don’t FLIP and HOLD Property in same business
• Not understanding the important differences between a single member LLS and multiple member LLC
A couple of very important CONCEPTS…
• “Contingent Fee” Attorneys
• “Heat Seeking Missiles”
• There are only a few “Power” States
• Not all Operating Agreements are created equal
?
SAM’S STORY
• REHABBER• LANDLORD• 1 LLC FOR EVERY REHAB• 1 LAWSUIT• LOST IT ALL: 30 PROPERTIES
-B.K.-MULTIPLE FORECLOSURES-DIVORCE
“Litigation can be War”• It’s very important to know how a contingent
fee attorney thinks.
• Would it help to know what your opponent is thinking?
• Just imagine how it would feel to use that knowledge to your advantage when you ever get sued or threatened with a lawsuit
“The Omega Wealth Protection System”
“3 Keys To Building & Keeping Wealth”
• Put Your Wealth Behind “The RIGHT Shield”
• Do Business The Right Way
• Distribute Your Legacy As You Want
#1 - Put Your Wealth Behind The RIGHT Shield
• An entity is a business organized according to state law to limit the liability of the owners
• Entities can be…– Corporations– Limited-liability companies (LLCs)– Limited partnerships (LPs)
• Not All Entities Are Created Equal
#1 - Put Your Wealth Behind The RIGHT Shield
• Move Your Assets Into a Low Risk Entity with proper Operating Agreements
• Do Business In The Name of an Entity
• NEVER HOLD properties in Corporations• Not All Entities Are Created Equal– Beware of the “FREE LLC”• Most Importantly …
“Remember...
Best block, no be there”
Not All Paperwork is Created Equally
#2 - Do Business The Right Way
• Keep A Record Of…
– Capital Contributions
– Ownership
– Operations
Made easy by
Omega System
“My client, Wil’s Story”
865 N.E.2d 944 (Ohio App. 11 Dist. 2007)
170 Ohio App.3d 26, 2007-Ohio-122
SNYDER, Appellant,
v.SNYDER et al., Appellees.
No. 2004-A-0056.
Court of Appeals of Ohio, Eleventh District, Ashtabula
County.Jan. 12, 2007
Nicholas A. D'Angelo, Painesville, for appellant.
Jeffery S. Watson, for appellees.
865 N.E.2d 944 (Ohio App. 11 Dist. 2007)
170 Ohio App.3d 26, 2007-Ohio-122
SNYDER, Appellant,
v.SNYDER et al., Appellees.
No. 2004-A-0056.
Court of Appeals of Ohio, Eleventh District, Ashtabula
County.Jan. 12, 2007
Nicholas A. D'Angelo, Painesville, for appellant.
Jeffery S. Watson, for appellees.
#3 - Distribute Your Legacy As You Want
• Avoid Unnecessary Taxes• Prevent Your Heirs From
Fighting• Avoid Lengthy Probate Delays• Transition Your Business To
The Next Generation
Rockefeller Family
Name Gross Estate Settlement Costs
Net Estate Percentage Shrinkage
John D. Rockefeller Sr.
$26,905,182 $17,124,112 $9,780,194 64%
John D. Rockefeller Jr.
$160,598,584 $24,965,954 $135,632,630 16%
What is H.I.N.T.?
Cash Flow Appreciation
Make TAX Free Money For Life
Which would you rather have?
$1,000,000 CASH Right NOW
OR
$.01 (one penny) that doubles in value every day for 30 days
Penny doubled every day for 30 days is TAXED.
$5,368,709.12 vs.
$86,495.82*
Congress told IRS
“These Special Accounts are Tax Protected”
Learn the unique rules for self-directed accounts
“Mumbo jumbo” deciphered“Riches are in the niches”
You can invest your self-directed account into almost anything
Just a few limits investments
Take the Fear and Confusionout of IRA rules, forms, paperwork
Concept 1 - Types of Accounts and Basic Rules of Self Directed
Accounts
Concept 2 - Self Directed vs. Stranger Managed Accounts
Concept 3 - Detailed Study of Rules Unique to Self-
Directed Investing
Concept 4 - Understanding the Paperwork Components
Learn the vital how and why of D.O.I. ‘s
Concept 5 – Deal Structuring Part 1
Concept 6 - Structuring Deals Part 2
Concept 7 – Inherited Accounts
Roth Magic
If you left a Roth IRA with just $30,000 in an account earning 10% annually to an eight year old child, the distributions over the child’s lifetime would total over 5.5 million
Completely Tax Free
Concept 8 - Tax Free Living Before 59 1/2
The Omega Wealth Acceleration Event absolutely blew me away. This is without a doubt, the single most important event that I have ever attended in my life. I cannot find the words to stress the importance of this event to my financial life.
M. Bradley Gaskins, AIA – The McIntosh Group, LLC – Principal
Case Study #46
• “I could have never afforded to have Jeff and Denise as my legal dream team to help me set everything up right. Now I have it plus I have lifetime updates to all my legal paperwork.”
Justin S.Covington, KY
“Small Change BIG Impact”
With Jeff and Tim’s help I am able to virtually eliminate taxes on most of my deals. It was a small change to doing deals but is making a BIG Impact
Jason ZakRE Investor
Brunswick, OH
I highly recommend the Omega system for any new real estate investor or brand new business owner in general. As a “newbie” I was concerned… “Omega” provided me with first steps to take to set my business up right. I obtained tremendous knowledge from the packaged program.
“The Omega Wealth Protection System”
• More Time & Money• Works With Any Type of Business• Easy To Implement / Turn key• Peace of Mind• A Serious Competitive Advantage• FINANCIAL FREEDOM
“The Omega Wealth Protection Benefits”
• These are Dynamic Wealth Protection Products
• Laws Change so HINT & Omega change with them.
• Membership portals are living and breathing sites with new legal forms and updates
Why are HINT & Omega Different?