Trusts: overview for founders & workshop

Case Study

Learnings

Agenda

Trusts

Overview for founders & workshop

Trusts

Overview for founders & workshop

Trusts

Overview for founders & workshop

I am Akim

Formerly a risk manager at HSBC, sold my legal-tech startup to a public company. I lost huge part of my exit proceeds to taxes.

Currently, I run a 270-person wealth management community and the PandaDoc founder's family office.

Giving back to the community

As an early startup founder, I would have been better off learning about trusts sooner rather than later.

In family office, we spent more than $70k and hundreds of hours on estate attorneys, tax advisors, and wealth managers from UBS and Goldman Sachs.

My goal is to give back to the community and share what I've learned.

Where to start from?

Estate planning starts from identifying goals, building a strategy and choosing instruments. Founders and executives typically use wills, irrevocable trusts and QSBS stacking.

The types of trusts and benefits

Revocable
Protect assets
No public disclosure

Irrevocable
Protect assets
Save on taxes
Invest with benefits for your family

When is the right time?

Company executives gift stock when it is worth a low amount, using a small portion of their lifetime exemption, and the subsequent growth will not be subject to estate tax

Giving back

As an early startup founder, I would have been better off learning about trusts sooner rather than later.

In family office, we spent more than $70k and hundreds of hours on estate attorneys, tax advisors, and wealth managers from UBS and Goldman Sachs.

My goal is to give back to the community and share what I've learned.

Where to start from?

Estate planning starts from identifying goals, building a strategy and choosing instruments. Founders and executives typically use wills, irrevocable trusts and QSBS stacking.

The types of trusts and benefits

Revocable
Protect assets
No public disclosure

Irrevocable
Protect assets
Save on taxes
Invest with benefits for your family

When is the right time?

Company executives gift stock when it is worth a low amount, using a small portion of their lifetime exemption, and the subsequent growth will not be subject to estate tax

Formerly a risk manager at HSBC, sold my legal-tech startup to a public company. I lost huge part of my exit proceeds to taxes.

Currently, I run a 270-person wealth management community and the PandaDoc founder's family office.

I am Akim

Giving back to the community

As an early startup founder, I would have been better off learning about trusts sooner rather than later.

In family office, we spent more than $70k and hundreds of hours on estate attorneys, tax advisors, and wealth managers from UBS and Goldman Sachs.

My goal is to give back to the community and share what I've learned.

Where to start from?

Estate planning starts from identifying goals, building a strategy and choosing instruments. Founders and executives typically use wills, irrevocable trusts and QSBS stacking.

The types of trusts and benefits

Revocable
Protect assets
No public disclosure

Irrevocable
Protect assets
Save on taxes
Invest with benefits for your family

When is the right time?

Company executives gift stock when it is worth a low amount, using a small portion of their lifetime exemption, and the subsequent growth will not be subject to estate tax

Giving back

As an early startup founder, I would have been better off learning about trusts sooner rather than later.

In family office, we spent more than $70k and hundreds of hours on estate attorneys, tax advisors, and wealth managers from UBS and Goldman Sachs.

My goal is to give back to the community and share what I've learned.

Where to start from?

Estate planning starts from identifying goals, building a strategy and choosing instruments. Founders and executives typically use wills, irrevocable trusts and QSBS stacking.

The types of trusts and benefits

Revocable
Protect assets
No public disclosure

Irrevocable
Protect assets
Save on taxes
Invest with benefits for your family

When is the right time?

Company executives gift stock when it is worth a low amount, using a small portion of their lifetime exemption, and the subsequent growth will not be subject to estate tax

I am Akim

Formerly a risk manager at HSBC, sold my legal-tech startup to a public company. I lost huge part of my exit proceeds to taxes.

Currently, I run a 270-person wealth management community and the PandaDoc founder's family office.

Giving back to the community

As an early startup founder, I would have been better off learning about trusts sooner rather than later.

In family office, we spent more than $70k and hundreds of hours on estate attorneys, tax advisors, and wealth managers from UBS and Goldman Sachs.

My goal is to give back to the community and share what I've learned.

Where to start from?

Estate planning starts from identifying goals, building a strategy and choosing instruments. Founders and executives typically use wills, irrevocable trusts and QSBS stacking.

The types of trusts and benefits

Revocable
Protect assets
No public disclosure

Irrevocable
Protect assets
Save on taxes
Invest with benefits for your family

When is the right time?

Company executives gift stock when it is worth a low amount, using a small portion of their lifetime exemption, and the subsequent growth will not be subject to estate tax

Giving back

As an early startup founder, I would have been better off learning about trusts sooner rather than later.

In family office, we spent more than $70k and hundreds of hours on estate attorneys, tax advisors, and wealth managers from UBS and Goldman Sachs.

My goal is to give back to the community and share what I've learned.

Where to start from?

Estate planning starts from identifying goals, building a strategy and choosing instruments. Founders and executives typically use wills, irrevocable trusts and QSBS stacking.

The types of trusts and benefits

Revocable
Protect assets
No public disclosure

Irrevocable
Protect assets
Save on taxes
Invest with benefits for your family

When is the right time?

Company executives gift stock when it is worth a low amount, using a small portion of their lifetime exemption, and the subsequent growth will not be subject to estate tax

Case study

Who

Founder of a round A startup in the Bay Area

Goals

Save on state tax, protect assets and distribute assets to children in the future

Contribution amount

$1M+

Actions

Gifted her startup stock to trust -> sold the stock -> began reinvesting in multiple asset classes

Savings

Saved $150k+ already. No State Tax and no Cap Gain on the profits from the investment activities

Learnings

8 out of 10 founders lack a well-defined financial and estate strategy

It’s easy to learn how it works, but it’s time-consuming and expensive to coordinate with all advisors

We found a way to reduce trust setup and running costs twice

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Privacy

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