• About
  • Contact
  • Testimonials
  • Newsletter
  • More
    • Demographics & Advertising Rates
    • Terms & Conditions
Friday, January 27, 2023
No Result
View All Result
California Business Journal
  • Front Page
  • Business
  • Finance
  • People
  • Featured
  • Opinion
  • Technology
  • Law
  • News
  • Food
  • Art & Culture
  • Human Interest
  • Education
  • Insurance
  • Real Estate
  • Health & Fitness
California Business Journal
Ray Olmo crop

PSST … EVER HEAR OF A PRT? YOU HAVE NOW.

When you combine a PRT with masterful Exemption Planning from Ray Olmo and Dustin Nichols, you have the safest and most secure protection for retirement from creditors and frivolous lawsuits.

by Rick Weinberg, Editor in Chief, California Business Journal
A A
Share on FacebookShare on Twitter

BY RICK WEINBERG, CALIFORNIA BUSINESS JOURNAL

As David Locke was reading one of the world’s most definitive books on asset protection and trusts, “I was shocked that the trust I had didn’t really protect me at all,” he says. “I thought it did.”

His Revocable Living Trust was an effective tool to distribute his assets after his death, “but as far as a lawsuit against your assets, I had no asset protection during my lifetime,” he points out.

Locke, the co-owner of JLS Environmental Construction Science in the small, quaint town of Loomis, Calif., realized his life’s work – multi-millions of dollars in assets — were completely exposed, especially those assets earmarked for retirement.

“This was a serious threat that my business partner and I wanted to eliminate,” Locke says. “When you get to my age and put in 50 years of hard work and keep your nose to the grindstone and suddenly something bizarre happens that you can’t control and you have an attorney that sues you to get a reward against your assets, well, that’s pretty frightening. I don’t have enough time or energy to rebuild my world and retirement nest egg again.”

Step one was finding an expert in the areas of asset protection, tax and creditor exemptions, and trusts – one who truly understood “the business.” Locke found that individual in Ray Olmo, the Manager of TRUST-CFOsm, co-inventor of Private Retirement Trustsm and a genuine pioneer in the field of Exemption Planning.

As a Certified Estate Planner, Registered Financial Consultant and author, Olmo has redefined what it means to protect retirement assets and earnings — without giving away or losing control of them.

Ray Olmo

The California laws on private retirement plans have been around since 1970, even four years before ERISA was created, “but no one has been able to really make it work effectively until Ray rolled up his sleeves and reverse engineered the failures of plan administration,” says Jim Cunningham, Principal of CunninghamLegal in California.

“Ray built the exemption analysis and plan oversight in a way that other people haven’t figured out and simply built a way to measure maximum benefits at the lowest cost – and that’s the true definition of value.”

Olmo and PRTsm co-founder Attorney Dustin Nichols have copyrights, trademarks and a patent pending on their trust, plan and exclusive administration process that has sent shock waves through the legal and tax industry. The PRTsm’s foundation comes from the pre-ERISA foundation of protecting private assets that already have inherent tax benefits. So it becomes “the Switzerland of tax exemptions” that enables clients to capture and maximize their protection while optimizing their tax savings.

“But the law on it wasn’t fully developed,” Cunningham says. “What Ray and Dustin did — the secret sauce so to speak – is use this very favorable California set of ‘exemption’ laws in a way that other people haven’t been able to do before.”

Olmo and Nichols focus on small- to medium-size California business owners “because they’re the ones who are most at risk,” Olmo says. “It’s a seriously neglected market because there is a major vacancy of quality advice. They work the hardest and have the most exposure and most to risk, but are also the most ignored because most planning is anti-business, meaning it seeks to route critical capital away from a profitable business into a less productive alternative.”

With years of experience in Integrated Estate Planning, banking and finance, compensation and taxes, Olmo and Nichols created a robust process and system that includes tax leakage prevention, maximizes a trust fortress against attacking creditors and predators, and protects cash flows for business growth, all rolled into one.

“We’ve infused the knowledge that we have about business, tax planning, cash flow management and risk management and applied a unique concept — Exemption Planning,” Nichols says. “It’s a completely unique value proposition.”

Very few people – CPAs and attorneys included – fully understand the concept, let alone having the knowledge and skills to implement it, so Olmo and Nichols have thrust themselves into a very special position of market dominance.

Locke couldn’t be happier with the work Olmo and Nichols did on restructuring his robust retirement plan. Locke now has integrated trusts that exempt both earnings and private assets for his retirement (the PRTSM), but also exempt assets in transfer to the next generation to avoid unnecessary taxes and creditors for his heirs.

As Olmo quickly points out, “We offer exemption planning that is a safer and more secure way to protect wealth, not other kinds of controversial asset protection. Asset protection can have a negative connotation in some circles. Some immediately throw it into ‘offshore planning’ or playing ‘hide the nut’ or pretending an asset doesn’t exist. That’s not what we do. We do retirement planning strategy. True, it has asset protection at its core, but if your sole purpose is to hide assets, this is not the way to go. Our strategy is for private retirement.”

Dustin Nichols

What is exclusive and different about Olmo and Nichols is that their process proves to clients that they’ve done everything they can to maximize tax savings and protect themselves against lawsuits, creditors and bankruptcy. They prove it through their patented state-of-the-art Exemption Diagnostic (https://trust-cfo.com/exemption-planning/exemption-diagnostic-calculator/), where they break down a clients’ balance sheets and produce a detailed report to make sure they’re doing everything possible when it comes claiming creditor and tax exemptions.

The process is so sophisticated and effective that lawyers and CPAs throughout California call them “because they know they can’t do what we do,” Olmo says.

ADVERTISEMENT

Not only does TRUST-CFOSM and PRTSM capitalize on all missed tax planning opportunities, but also the underfunding of a retirement plan, tax credits from a business and real estate depreciation, to name a few.

“A thorough review is conducted in order to identify the weaknesses and leakages,” Nichols says. “If you save tax money, that’s earnings, that’s wealth protected and now you have more money. Then we protect that wealth — now and for your whole future.”

In Locke’s case, the Revocable Living Trust didn’t provide any benefit during his lifetime – that’s where the PRTSM comes into play. Now, all business and personal assets, as well as his future earnings and income, are “exempt” for his retirement.

“Say something takes place where I’m exposed,” Locke says. “A plaintiff goes to a legal firm and the first thing they do is an asset search on my assets. They find that all assets are covered by my ‘exempt trusts.’ Because my PRTSM was set up correctly while all waters were calm, and it is being administered properly, the case laws I have read suggest that I have a great probability of success of defeating an attempt to take my retirement by an attacking future money judgement creditor.”

As Olmo points out, “Dave doesn’t have any holes in his plan. He chose to implement all the planning we offer so we employed all the available strategies.”

“I sleep really well at night,” Locke says. “You don’t know what’s going to happen tomorrow.  Most times a lawsuit is like getting hit by a jet engine falling from the sky. Who’d ever think that would happen? You don’t do anything wrong and then suddenly you’re litigated against, exposing your assets. Well, we eliminated the exposure to all our assets. That’s true peace of mind in my book.”

 

Contact

Raymond F. Olmo, CEP, RFC

Managing Director

TRUST-CFOSM

3721 Douglas Blvd, Suite 350

Roseville, CA 95661

800-730-3020, ext. 101

ray@trust-cfo.com

Dustin Nichols, Esq.

5000 Birch St. East Tower Suite 100

Newport Beach, CA 92660

(949) 240-1101

dustin.nicholsesq@gmail.com

www.TRUST-CFO.com

www.PrivateRetirementTrust.com

Tags: Artasset protectionattorneybankruptcyBeachbookbooksbusiness growthCACaliforniaCalifornia mediacertifiedCertified Estate PlannerCPAscreditorsDustin NicholsenergyenvironmentalERISAEstateestate planningExemption PlanningfinancefocusJimlawlawsuitsLos Angeles Business JournalLos Angeles business mediaLos Angeles Business NewsnestNewport BeachNicholsOrange County Business JournalplannerPrivate Retirement TrustPRTRay Olmoreal estateRegistered Financial Consultantretirementretirement planningrevocableRevocable Living TrustSan Francisco business mediasavingsscienceskillstaxtax savingstaxestrustTrust CFOtrusts
ADVERTISEMENT
Rick Weinberg, Editor in Chief, California Business Journal

Rick Weinberg, Editor in Chief, California Business Journal

Rick Weinberg is Editor-in-Chief at California Business Journal. He is a well-known writer, reporter and on-air talent who has worked for the New York Times, FOX and ESPN. He launched California Business Journal to focus on California businesses and business professionals as well as California business news and information. Contact: Rick@CalBizJournal.com / 949-648-3815

Related Posts

Living Will vs. DNR
Living Will vs. DNR: What’s the Difference?
Plan Your Retirement
6 Tips to Help You Plan Your Retirement
Kevin Richards, KNR Consulting
Stock market jitters, a decelerated global economy and lingering questions of how long the pandemic will persist worldwide has heightened investor concerns.
skittles
Three Recent Trademark Suits in California: Pot-Infused Skittles
advertisement
ADVERTISEMENT
1REALTOUR-SAN DIEGO-WEB DESIGN

Commercial Relationship Manager 3, Wells Fargo Bank, N.A., Los Angeles, California:

Represent the bank in developing and maintaining client relationships within middle market and mid-corporate banking.

Position requires a Bachelor’s degree in Business Administration, Finance, or related field and 3 years of experience. Requires up to 20% travel.

To apply, send resume to recruiter_inbox@wellsfargo.com and reference Requisition # 000329 in the subject line.

Facebook Twitter LinkedIn LinkedIn Instagram
C B J   LOGO  SVG-01
  • About
  • Contact California Business Journal
  • Testimonials
  • Demographics & Advertising Rates
  • Terms & Conditions

Categories

  • Art & Culture
  • Business
  • California Hotel Listings
  • Daily Updates
  • Editor's Choice
  • Education
  • Featured
  • Finance
  • Food & Dining
  • Health & Fitness
  • Human Interest
  • Insurance
  • Law
  • Lawyers
  • Marketing
  • Medical
  • News
  • Newsletter
  • Opinion
  • People
  • Popular
  • Real Estate
  • Social Media
  • Technology
  • Uncategorized

CBJ Partner Firebrand Media

Laguna Beach Independent Newspaper
 Laguna Beach City Guide
 Newport Beach Independent Newspaper
Newport Beach Country Club Magazine
  Montage Magazine
 Omni Escapes Hotel Magazine
 Bespoke Concierge New York
 Evans Hotels
 Laguna Beach Magazine
 On The Menu Laguna Beach
 Newport Beach Magazine
Coastal Real Estate Guide (NB,LB, CDM)
Monarch Beach Resort Magazine
 Pacific Coast Magazine (SoCal)
Sea Island Life Magazine
Salamander Hotel & Resorts Magazine
 View our entire portfolio

 

Most Viewed

  • Gavel, scales of justice and law books

    Lawsuit Basics: How Much Does It Cost to Sue Someone?

    0 shares
    Share 0 Tweet 0
  • Investigation: Can TriumphFX Take Your Money?

    0 shares
    Share 0 Tweet 0
  • The Impact of Covid: Racing to Buy Second Citizenships

    3 shares
    Share 0 Tweet 0
  • What to Do When an Online Casino Refuses to Pay Out Your Winnings

    0 shares
    Share 0 Tweet 0
  • Top 5 Flavors On Elf Bar BC5000 Review

    0 shares
    Share 0 Tweet 0
  • NFL Paychecks: How Do NFL Players Get Paid?

    0 shares
    Share 0 Tweet 0
  • Five Reasons Why The Government Does Not Like Bitcoin

    0 shares
    Share 0 Tweet 0
  • How to Start a Telecommunication Business: A Step-By-Step Guide

    0 shares
    Share 0 Tweet 0
  • 6 Types of Business Records and Receipts Every Small Business Should Keep

    0 shares
    Share 0 Tweet 0
  • New Study: California’s 10 Universities That Produce the Most CEOs

    0 shares
    Share 0 Tweet 0

Latest Articles

Temu Drop Shipping Policy – What You Should Know Before Drop Shipping

Temu Drop Shipping Policy – What You Should Know Before Drop Shipping

The Entrepreneur’s Guide to Finding Motivation

The Entrepreneur’s Guide to Finding Motivation

Top 6 Pairings for Delta-8 Dishes

Top 6 Pairings for Delta-8 Dishes

Phil Ivey

The 5 Richest Poker Players

5 Benefits of AR For Websites

5 Benefits of AR For Websites

How to Build a Comprehensive Ecommerce Strategy for Maximum Profitability

How to Build a Comprehensive Ecommerce Strategy for Maximum Profitability

World Ocean Summit Returns to Lisbon, Portugal February 27-March 1

World Ocean Summit Returns to Lisbon, Portugal February 27-March 1

Vitamin Patches for Energy Boost

Vitamin Patches for Energy Boost

Progressive Jackpots and Multi-Line Slots: What You Need to Know

Progressive Jackpots and Multi-Line Slots: What You Need to Know

How to Address Stigma in the Workplace

How to Address Stigma in the Workplace

California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
Site Design by 1REALTOUR

No Result
View All Result
  • Front Page
  • Business
  • Finance
  • People
  • Featured
  • Opinion
  • Technology
  • Law
  • News
  • Food
  • Art & Culture
  • Human Interest
  • Education
  • Insurance
  • Real Estate
  • Health & Fitness

California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
Site Design by 1REALTOUR