Christopher Gipe

(Not always humble) opinions of an attorney that helps people keep more of their money.

[Christopher Gipe @christophergipe]

As companies keep beating earnings estate tax bills become larger.

GRATs can be very powerful in removing future appreciation of stocks from your estate.

[Christopher Gipe @christophergipe]

@financedystop Robinhood still does not allow for trust accounts. . .

I see $1MM heading directly for probate.

[Christopher Gipe @christophergipe]

Blind faith in AI is scary.

If ChatGPT and Claude can’t get a basic mudroom bench cut list and directions correct 100% the first time every time after I tell them exactly what I want, how are you supposed to trust it with someone as complicated as legal issues?

[Christopher Gipe @christophergipe]

Asset protection should be apart of your investment process. Not sure when or what questions to ask? Check out this podcast I released for some guidance to learn a basic framework.

https://t.co/mQaLxYBvVe

[Christopher Gipe @christophergipe]

I have noticed a lot of financial professionals talking about estate planning recently.

This is fantastic, and much overdue.

But be careful that it isn' t just a talking point.

If you are an advisor, make sure you practice what you preach!

[Christopher Gipe @christophergipe]

@AMandoSch Does wayfair sell the whole room

[Christopher Gipe @christophergipe]

@AMandoSch “Yeah, but that will never happen to our family”

[Christopher Gipe @christophergipe]

@AMandoSch Thank you sir. I have to remind them of this from time to time. Shiny objects are distracting

[Christopher Gipe @christophergipe]

When I am meeting with higher net worth clients there is often a lot that needs to be done.

It can be overwhelming which is why it is often ignored just to continue to compound.

Knowing what to focus on when is a big part of why my clients work with me.

[Christopher Gipe @christophergipe]

It all needs to be done… not all needs to be done today

[Christopher Gipe @christophergipe]

@AMandoSch No I haven’t. Sounds like I am not missing much

[Christopher Gipe @christophergipe]

Going to see this more often.

Just this past month I had a number of my clients run their documents through an AI software.

AI is only as good as your prompt. When you blindly trust AI with bad prompts and no means of verifying the results this will happen

[Polymarket @Polymarket]

JUST IN: Lawsuit claims ChatGPT pretended to be a lawyer and persuaded a woman into firing her real attorney while citing fake case law.

[Christopher Gipe @christophergipe]

@TKopelman Also good tool for to diversify concentrated low basis stock positions

[Christopher Gipe @christophergipe]

@AMandoSch Also a pen to the thigh is effective at detering such foolish behavior.

[Christopher Gipe @christophergipe]

@AMandoSch I've for sure stomped on a foot before.

[Christopher Gipe @christophergipe]

I'll certainly put a rat trap between your legs and make you walk across an ocean of legos barefoot

[A. Mando @AMandoSch]

I will fucking kill you if you give your Mom my phone number and she randomly calls me to make sure she understands everything.

[A. Mando @AMandoSch]

If your lawyer is still putting together Document boards, operating off the hard file, and doesn't have a CRM you should probably fire them immediately.

[Christopher Gipe @christophergipe]

How are you planning to protect and guide your kids' if you are not here?

Or are you one of those people that bad things never happen to?

[Christopher Gipe @christophergipe]

My kids will be trust fund kids.
And not in the way you might think.

It means when my wife and I pass, they'll receive their inheritance thoughtfully.

With guardrails to keep them on track, and trusted people I've selected to guide them when I'm gone.

[Christopher Gipe @christophergipe]

Although I hope to be here a long time and to see my kids and grandkids grow . . . I cannot guarantee that.

What I can do, is show them how much I love them and give them the best opportunity for success regardless of what happens tomorrow.