Newsletter – 1st Quarter 2023
Can you believe we finished the 1st Quarter of 2023 already? Boy, time flies when you're having fun!
Many clients have asked how they would know if anything related to their Trust has changed. So from now on, we will be putting out a “Trust Update“ email on the last day of each quarter.
While we are emailing all Abundance Group Trust Clients with this first “Trust Update“, in the future, updates will only be sent to those Clients who are in the first twelve months of getting their Trust, or Clients who have the Annual Support Package.
If you've had your Trust for more than a year and you have not yet signed up for the 2023 Support Package, you can do so at www.AbundanceGroup.com/2023Support. That page will also tell you everything included with the Support Package.
So, what's new or improved during the 1st Quarter of 2023? I'll give you the short version and then go into detail. Here are the updates:
- The first “Annual Wealth Building Mastermind & Networking Event“
- Updated Personal Trust is Almost Ready for release
- New Personal Trust Trainings
- Calculating Interest on Your Demand Note
Ok, let's dive into each of these in more detail…
- The first “Annual Wealth Building Mastermind & Networking Event“ – July 23rd through July 26th, Hard Rock, Tampa, FL
In January, we announced that we will be holding the first “Annual Wealth Building Mastermind & Networking Event“! It takes place at the Hard Rock Hotel and Casino in Tampa, Florida on July 23rd through July 26th, 2023. We kick things off on Sunday, July 23rd with a Networking Cocktail Party at 7 pm.
Each day, you can expect a few speakers sharing investment opportunities, mindset tips for growing wealth, other ways of generating passive income in your Trust(s), facilitated networking sessions, mastermind sessions, and panel discussions.
Our event photographers are setting up a station where you can get updated, professional headshots for a nominal fee.
Imagine what you'll get out of being in a room with 149 other people who are all using their Trusts to grow their wealth, protect their assets, mitigate their taxes, and leave a legacy for future generations!
There are 3 ways to secure your ticket to the event:
- If you invested in your Abundance Group Trust after July 23, 2022, your ticket is included at no additional cost!
- If you have the 2023 Support Package, your ticket is included at no additional cost!
- If neither of the above applies to you, you can purchase a ticket.
Regardless of which option applies to you, you will need you to reserve your seat at:
www.AbundanceGroup.com/2023Event
There is a $97 per person Registration Fee. This covers the cost of lunches each day of the event.
Feel free to bring your Spouse, your Adult Children, your Successor Trustee, your lawyer, or your Tax Professional. There's no need to buy another ticket for your guests. But, you will still need to take care of the $97 Reservation Fee for each of your guests.
Reserve your seat now at:
www.AbundanceGroup.com/2023Event
After reserving your seat(s), you will be redirected to a new page to book your hotel room. We’ve secured a block of rooms with special rates for our attendees. The blocked rooms are limited and sold on a first-come/first-serve basis. We highly recommend reserving your room sooner rather than later!
- Updated Personal Trust is Almost Ready for Release
We are about to release the updated Personal Trust. The biggest difference is that it will be formatted differently, with more schedules, to make it easier to update in the future.
Another big difference is if you have a Co-Trustee, your Co-Trustee can retain the position even after the Initial Trustee passes away. (In the past, you had to list the Co-Trustee as a Successor Trustee in order for them to keep their role.)
In the next few weeks, you will receive an email containing a link to the “Updated Client Questionnaire”. You will need to provide us with the names of the individuals you wish to be in the Trustee role, Trust Protector role, and Beneficiary(ies) role(s).
This information will be used to create your updated Trust. When it's ready, you will receive an email containing a link to the updated Trust and a link to the Trust Approval Form that you will need to sign before we can finalize your Trust for you.
Please watch for these emails! We will also go over this on group calls as well.
NOTE: Only clients who are either in the first 12 months of their Trust or who have the 2023 Support Package will receive an updated Trust through our Trust Watch program. If you don't have the 2023 Support Package, you can get it now at: www.AbundanceGroup.com/2023Support.
- New Personal Trust Trainings
We just finished the updated Personal Trust Training Podcast. There are a total of 8 trainings. They include:
Training Call #1 – Parties to a Trust; The New Client Questionnaire
Training Call #2A-1 – Trust Walk-through (short)
Training Call #2A-2 – Trust Walk-through (In-Depth)
Training Call #3 – Opening Your Bank Account and Creating Your Asset & Liability List
Training Call #4 – Conveying Your Assets & Liabilities to Your Trust
Training Call #5 – How to Structure Your Personal Trust if You Have Active Income
Training Call #6 – Trust Accounting & Bookkeeping
Training Call #7 – Organizing Your Trust
Training Call #8 – Operating Out of Your Trust with Q&A
If you still haven't fully implemented your Personal Trust, make sure you listen to these trainings asap!
- Calculating Interest on Your Demand Note
As you will hear in Personal Trust Training Call #6, we announced that interest in your Demand Note would be taxed in the year after it accrued. As I'm sure you can imagine, everyone who heard the training was not very happy with this.
So, I've spent the last 3 weeks talking to people in my network looking for an alternative that is 100% legal and won't cause issues with either an audit or a lawsuit that tries to go after assets in the Trust.
I'm happy to report, at this time, it's looking like we have a solution!
I'm waiting for a few more experts to review the potential solution before I tell anyone about it! Once I'm confident it is the solution we are all hoping for, I'll finish upgrading the new Demand Note System and the Pour Over Will. These will be released in the 2nd Quarter Trust Update in early June.
For now, hold tight! Don't go making changes to anything based on that training! We will record an update as soon as we can!
I hope you will be joining us at the event in July! We are all excited to meet you and all of our clients!
Until then, join us on our weekly Support Calls to stay up to date with what's going on in the world of Trusts!
To Your Abundant Success!
Dr. Gina Gaudio-Grace