Will HH

1x small exit (2026). A specialist in being a generalist for business owners. #GirldadX2 Opinions are my own (CFP®)(CM&AA)

[Will HH @BadWillHunting6]

@blueprintsmb22 She let your business buy***?

[Will HH @BadWillHunting6]

@Mike_kim714 111

[Will HH @BadWillHunting6]

@Invested_In_You “But all the scenarios say 99% probability of success..”

[Will HH @BadWillHunting6]

@Mike_kim714 146

[Will HH @BadWillHunting6]

@CIMbuilder My sample set of business owners over the last 10ish years is 4 to 1 former engineers/engineering degree vs MBA but that’s prob an accurate representation of the baby boomer owner population

[Will HH @BadWillHunting6]

@cordes_tax I do both because I’ve seen the positive result of each and like having the optionailty in the future. Monthly auto debit into each. 529 invested in the more aggressive options and the account I’ll provide like for if a family member wants to contribute.

[Will HH @BadWillHunting6]

@brettamunson @SeanODowd15 Openphone

[Will HH @BadWillHunting6]

@SeanODowd15 Fathom has been good and integrates with everything. Summarizes meeting and next steps and emails out to everyone if you want. With a recording.

[Will HH @BadWillHunting6]

Were you in the front row of comfort plus? Normally row 6. It’s happened to me twice this year. Sometimes there’s nothing that can be done and it’s extremely frustrating with no logic. I’ve been able to get it fixed by finding the delta EE with red vest at gate. They are flight leader and sometimes have other seats “Xed” out on seatmap for these types of situations. Level of status tends to matter in these situations too.

[Will HH @BadWillHunting6]

@PinkProfit @GolfersJournal Wife got me the subscription to the print magazine last year. I’ve since gifted the same thing to 3 friends. Solid product, cool community, good swag.

[Will HH @BadWillHunting6]

@alexisohanian You rang? #girldad

[Will HH @BadWillHunting6]

@Joe_Gatto @Joe_Gatto I have 2 seats lower level to your show in Philly tonight. Can’t make it anymore. How about you give to the first follower that can show a $25 donation to their favorite dog charity??

[Will HH @BadWillHunting6]

@MichaelMartocci Shantaram or
A gentleman in Moscow

[Will HH @BadWillHunting6]

@Molson_Hart Check out “section 6166” rules to defer estate taxes when a certain % of gross estate is a closely held business.

[Will HH @BadWillHunting6]

@ChrisDungeon @GuyDealership All good. If it’s available in Oct/nov I’ll make a cash offer when we move back east from CA. Thanks

[Will HH @BadWillHunting6]

@ChrisDungeon @GuyDealership How about a trade for a 2018 A6 prestige black/black 28,000 miles

[Will HH @BadWillHunting6]

What $oup said. You and your spouse have approx. $26M to pass on during your life or at your passing free of federal estate tax. Anything over that currently subject to 40%. Due 9 months after your death in the form of cash. If enough of estate is made up of closely held business - govt allows a payment plan (section 6166) - loan terms are reasonable but Not many families want a new business partner called IRS. Yes your family can sell or leverage real estate but might not be good market timing. 2026 that $26M number is set to be cut in half to the previous amount. Kind of “use it or lose it”. Consider working with your advisors to plan for it now, for example can gift non-voting interests in R/E deals to a trust for the benefit if your kids. Certain states also have their own form of estate tax. #nottaxadvice

[Will HH @BadWillHunting6]

1. Go through personal discovery and preparation

2. Be able to speak to the past, present and future of your business.

3. Due diligence preparation (before you engage a buyer)

4. Study value drivers and determine if the business is really ready.

5. Reverse engineer your go home number and keep it to yourself.

6. Lock in key people - incentivize them through the finish line.

7. Update your estate plan.

8. Minimize taxes before LOI shows up

9. Have one QB (exit planning advisor)