Why Clients Use the Financial Dream Team?

These are testimonies of our clients….⁽¹⁾

RE:  Comprehensive Financial Planning and Taxes.….

“……I have used a Financial Dream Team advisor for over 10 years to handle my finances, investments, tax and estate planning, and tax prep work.  One year, for the first time, I was audited by the IRS.  Naturally, I was apprehensive because this was my first time and my CPA financial advisor had been very good at getting me substantial refunds every year.     

Well the tax audit took place over 6 months and I was on “pins and needles” waiting for the results.  My CPA financial planner was very calm and meticulous in the process and told me not to worry.  It turns out he was right.   We received a “no change” audit letter from the IRS.  

The advisor saved me from a $25,000 potential tax liability.   I was so happy I couldn’t help myself!  It turned out the financial advisor protected me by making sure that I could support all of the deductions I claimed ……”   B.H., Baton Rouge, LA

RE:   Asset Protection Planning…..

“……I had started a business several years ago and became concerned that I may need asset protection from my creditors.  Fortunately, I came across this Financial Dream Team advisor who immediately placed my affairs in order. .

I had a business which he immediately incorporated.   I had several rental properties, which he placed into LLCs (limited liability companies) with Notes Payable held by my FLP (family limited partnership), and I had an estate that he help place all of my assets into a Living Trust.  

Unbeknownst to me I got into creditor trouble on a business loan which I had personally guaranteed a corporate note of $1,200,000 with a major bank.  The Bank sold the loan to another financing company.  Well the financing company began to use all of its collection tactics. 

After threatening to file a lawsuit, it turns out the opposing attorney realized that trying to collect from me and my financial fortress would be a waste of time.  She recommended a settlement of $100,000.   $100,000!!!  Imagine that…all because I was properly protected in advance by my advisor.  I love my Financial Dream Team advisor.....”   J.A., Sacramento, CA

RE:  High Net-Worth Individuals……

“ …..I am a Professional Baseball Player.  I was drafted into the league at the very young age of 18.  Ten years later, I have made millions.   The problem I had was not much different from many other ballplayers, entertainers and celebrities …..we had no sound financial advice. 

Fortunately, I came across this financial planner who was referred to me and my wife by a loan officer at a bank.

She is still my CPA financial planner today.   She handles all of my finances; she provides estate planning, investment planning, insurance planning and most importantly, tax planning.  I save substantial taxes annually by following her advice.  I often recommend my Financial Dream Team advisor to my teammates and other celebrities….those who listen benefit immensely…..”  D.S., New York, NY

RE:   Money Management Skills…..

“…..When we first met our Financial Planner we were in our late 40’s early 50’s.  We made good money, but we did not have a plan.  We were concerned about our future, our kid’s college education, and our retirement plan needs. 

The Planner was rough and gentle at the same time…pointing out our foolish spending habits, yet educating us on the how we could turn it around financially.   What helped us most were the tax benefits we could achieve by establishing various retirement plans with my wife’s employer and my self-employed business. 
 
We decide to buckle down and control our spending.   We maximize our savings into our retirement plans.   Once the money was in the plan from my business the planner helped me to self-direct my investments and maximized my returns.   Well we applied his skills and knowledge and stuck to a plan. 

Here we are 14 years later and have accumulated a substantial nest egg (approximately $1,900,000) for our retirement. 

In addition to filing our annual taxes, the planner helped us develop an estate plan with a living trust and an asset protection plan.  We now operate with two business entities—an LLC, and a Corporation. We are fortunate to have a Financial Dream Team advisor in our lives….”  L.P., Memphis, TN

RE:  Estate, Tax and Asset Protection Planning…..

“…..When me and my business got in trouble with the IRS, they told me I owed them $600,000.  Naturally, I panic.  I called every business associate I knew in the business for help and guidance on what I should do?  One of my associates who used an advisor associated with the Financial Dream Team recommended them.   I called this Financial Dream Team advisor.  

The advisor who was over 300 miles away agreed to help me with IRS.  The CPA, PFS, CFP financial advisor was immensely helpful. 

First, he took over the IRS audit from my existing accountant.   Then he set-up camp in my office and for three weeks…. he started to review from A to Z all of my support for tax deductions. 

When he was done, he successfully negotiated a $75,000 settlement with the IRS.  I was elated.  But he did not stop there. 

Over the years, the advisor has incorporated my business, set-up a separate leasing company with an LP (limited partnership), set-up a separate collection company with an LLC (limited liability company), set-up a FLP (family limited partnership), help me set-up my Living Trust, and have filed my corporate, partnership and individual taxes successfully and without audits, for the past 15 years……”   J.E., Philadelphia, PA

RE:  General Accounting, Payroll, Insurance and Taxes…..

“…..I have used the services of a Financial Dream Team advisor for over 17 years.   He takes care all of my financial, tax and insurance needs.   He handles my corporate accounting and taxes; he handles my business partnership and leasing company, handles my insurance requirements, and handles my payroll and individual taxes for both me and my adult children who also work in my business. 

Using various asset protection techniques, my businesses and I are protected with the proper entities and the appropriate insurance coverage.  The advisor taught me the value of umbrella liability insurance, which is fairly inexpensive per $1 million dollar coverage.

I am proud to recommend the Financial Dream Team and proud of our business relationship over the years….”   C.S., Chicago, IL

RE:   Marriage and Asset Protection…..

“…..I had been married before and so had my fiancée.   We are not a young couple and we have children from prior marriages.   We have also accumulated some significant assets in our lifetime.   I had proposed a pre-nuptial agreement with my fiancée, but for some reason she was reluctant to do it….it led to too many arguments. 
I asked my Financial Dream Team advisor for help as I wanted to protect my estate and leave it to my heirs and children.   

He proposed the following before getting married:   set-up a separate Living Trust, naming and designating all of my assets, place my shares of my private corporation and my partnership interest of my LLC into the Trust, and naming me and my children as trustee and beneficiaries of the Trust.   Further, my advisor recommended that me and my new spouse keep separate bank accounts and pay for assets separately to avoid commingling of funds.  

So far, this arrangement has worked for both of us without an awkward “pre- nup” agreement.   Of course, I have the flexibility to change my estate in the future should my marriage work out this time.  The advisor helped me resolve what might have been a pretty dicey situation with my future wife….”  J.J., Miami, Fl.

RE:  Business Procrastination….It’s Never Too Late To Seek Help….

“…..I had not filed my corporate taxes for 11 years.   The tax authorities were about to levy against me and my business for $100,000 each tax year which included penalties, interest, and taxes.

With the help of the Financial Dream Team, they went to work.   They analyzed everything:  my sales and cost of sales, inventories, and expenses for 11 years. 

Upon completion of financial statements and tax returns for those years the Financial Dream Team made a settlement offer to the tax authorities for $15,000—we settled with a counter offer from them of $20,000 or about $1,800 for each tax year. 

The corporation has now been reinstated and in good standing with the franchise tax board.  Needless to say, my Financial Dream Team advisors remain with me today and are an integral part of my financial team…..”  W.G., Atlanta, GA

The Entrepreneur, Self-Employed, Business Ventures…..

“…..I am a self-employed Industrial Psychologist.   I have many clients with worldwide presence.  My husband is a partner in our business.  My work takes me all-over the world and I maintain a home office.  

Our largest expenses include home office, business equipment, and travel costs.  I have used a Financial Dream Team advisor for over 15 years.  She has maintained my records, set-up business entities such as an LLC (limited liability company) and a FLP (family limited partnership).  She has also protected my estate by establishing a Living Trust through her attorney trust service. 

One year my business was audited by the IRS.  They looked at all of our expenses with particular emphasis on our home office.  The audit went smoothly because my advisor had insisted that I take and retain pictures of the office space I used at home—these pictures made the difference in the audit outcome. 
 
We were ecstatic when we received a “no change” audit letter from the IRS.   More importantly, the IRS didn’t even visit our home office!

⁽¹⁾ Note:  These are true stories from archives of the Financial Dream Team, USA, LLC®.  The names and locations are changed to protect the privacy and confidentiality of the clients.

The above planning techniques are for illustration purposes only. Before considering any of these techniques you should seek competent professional advice from an experienced and qualified professional, such as our financial advisors: CPA's and financial planners, estate planners, attorneys, asset protection and other financial professionals.