Glenn Terrones, Author at Ascendant LLP

Charitable Trusts Increase Your Income, Family Wealth, and Benefit Society

Glenn Terrones
Income Tax Planning

Whether you started a company that went public, went to work for a start-up that went public, or just took a chance and invested in a company that has really taken off, you are probably holding highly…

A Tax Disaster Both of You Must Avoid

Glenn Terrones
Income Tax Planning

If You or Your Spouse Is a Non-U.S. Citizen, Proper Planning Is Essential Regardless of your profession, you likely don’t want to pay any more taxes to Uncle Sam than necessary. Also, like most people…

Starting a New Company – Doing It Right – A Corporation

Glenn Terrones
Business Formation

1. ENTITY BASICS: A Corporation is a legal entity that that is established to do business. A corporation is established so that the corporation is an entity that has a legal existence separate from its…

Starting a New Company – Doing It Right – An L.L.C.

Glenn Terrones
Business Formation

1. ENTITY BASICS 1.0 Entity Status. Limited Liability Companies are legal entities. An entity is established so that the entity has a legal existence separate from its ownership (“members”). If a…

How to Double the Value of Your Life Insurance

Glenn Terrones
Liability Planning

Today, life insurance is more than just insurance, it is an important asset. In fact, your life insurance policy may have a cash value to it, thus making it an asset with a real monetary value. Even if…

Avoiding the Large Pension Tax Trap

Glenn Terrones
Income Tax Planning

In the world of financial planning, it is commonly advised that you should contribute as much as you can to your retirement plan (pensions, profit-sharing plans, IRA’s, 401(k)’s, etc.). Because you…

Installment Sale of an Asset

Glenn Terrones
Income Tax Planning

An Installment Sale of an Asset Can Defer Payment of Gains Taxes A question I am regularly asked in my practice is whether it is possible to reduce or delay payment of capital gains taxes on the sale of…

Benefits of Captive Insurance Companies: “Who Should Consider Them”

Glenn Terrones
Asset Protection

As frequent speakers to physicians and business owners on asset protection and tax-favored wealth planning, we are often asked about captive insurance companies (CICs) and how they can be used for both…

The 4 Greatest Estate Planning Mistakes … And Easy Ways to Avoid Them

Glenn Terrones
Estate Planning

Many successful people are often so busy dealing with their businesses, professions, and personal lives that they never take the time to deal with the important challenge of creating a tax-wise estate…

Nevis/St. Kitts – A Great Place to Sail for Some Asset Planning

Glenn Terrones
Asset Protection

If you have ever taken your boat down to the Caribbean, you have probably marveled that beauty of the beaches, the clarity of the water, and the strength of the rum cocktails at the dockside watering holes. …