Best Practices for Updating Revocable Trusts Explained in Free Seminar

Raul Elizalde Raul Elizalde, president and chief investment officer of the financial advisory firm Path Financial, is presenting a free seminar, open to the public, covering essential concepts of legal and financial protection of family assets through revocable living trusts, with an emphasis on best practices for strategically updating existing trusts. Guest speaker will be Sarasota attorney David G. Bowman Jr., Esq, of Bowman, George, Scheb, Kimbrough, Koach & Chapman, P.A. Elizalde will join Bowman to discuss specific strategies for assessing and mitigating financial and investment risks within portfolios, including trusts. The seminar is offered Thursday, January 21 at 2 p.m., at 1990 Main Street, Suite 750, downtown Sarasota; building parking is complimentary and refreshments will be provided. To register, call 941-366-5510.

The seminar will include discussions on tax law changes, Florida domicile, and particular circumstances such as second marriages, changed relationships with trustees or beneficiaries, and more. Other topics will include how trusts may help cut tax bills, and how to protect and grow investments, while minimizing exposure to risk.

David Bowman, Jr., is a partner with the Sarasota law firm of Bowman, George, Scheb, Kimbrough, Koach & Chapman, P.A. His practice is focused in the areas of estate planning and administration, as well as real estate and corporate law.

Elizalde is a contributing columnist for Oxford World Financial Digest, and has a national reputation for financial insights and analyses that are published online by some of the most respected financial media in the country, including Morningstar, Motley Fool, the Street and Yahoo! Finance. In 2014, he was a featured expert panelist during National Financial Advisor Week in New York City, and in 2012, was named among the country’s most respected and innovative money managers in Max Isaacman’s 2012 book, “Winning with ETF Strategies: Top Asset Managers Share Their Methods for Beating the Market,” published by Financial Times Press. Elizalde is a current member and past chair of the Asset Management Committee for the State College of Florida Foundation.

Path Financial is a Florida-registered investment firm rated “A+” by the Better Business Bureau, and is located at 1990 Main St., in Sarasota, Florida.

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Bad apples: Associate Dean of MIT and Harvard MBA to Prison for Hedge Fund Scam

Two former Boston-area hedge fund managers were sentenced on Dec. 14, 2015, for conspiring to mislead investors into investing more than $500 million in their fraudulent hedge fund business.

From 2005 through 2011, Gabriel and Marco Bitran solicited and maintained investors in their hedge fund and investment advisory businesses through false claims that, for eight or more years they had delivered average annual returns between 16 and 23%, with no down years. But it was a scam.

Click here to read the statement from the department of Justice.

The moral of this story is not new: if it is too good to be true, it most certainly is. Beware of anybody claiming that they can produce outrageous returns. Even if they come from MIT or Harvard.

 

 

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