David Lesperance On Designing Your Tax Efficient Back Up Plan

Scale Up With Nick Bradley

Nick talks to David Lesperance, a tax advisor and international tax expert, about the complex world of tax mitigation and strategic planning for entrepreneurs and business owners looking to optimise their wealth and minimise tax liabilities. David shares his extensive experience in helping clients navigate the intricacies of residency, citizenship, and domicile options in various jurisdictions, and emphasises the importance of understanding individual goals, family needs, and wildfire concerns to develop tailored strategies.

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KEY TAKEAWAYS

• It is important to consider individual and family needs when planning for tax mitigation and relocation. Factors such as education, lifestyle, and security should be taken into account.
• Diversification of assets and investments can help mitigate tax liabilities and provide more financial flexibility. This includes considering different jurisdictions and currencies for wealth management.
• Working with a fee-based advisor rather than a commission-based salesperson can ensure unbiased advice and a focus on the client's best interests.
• Reverse engineering can be a useful approach to tax planning. By starting with the desired outcome and working backwards, individuals can identify the most effective strategies for minimising tax obligations.

BEST MOMENTS

"The goal is to keep the dollars paid as low as possible. Zero times even ninety nine point nine percent rate is still zero dollars paid."

"Most people tend to over-index and over-invest in their current location and their current currency."

"The more direct way of saying it is protecting your ass and your assets."

"It's understanding not all family members need to have the same solution."

VALUABLE RESOURCES

Find out now if you’re building a high-value, exitable business (even if you have no immediate plans to sell it). You’ll get an instant PDF report with powerful insights specifically tailored to your business in just 4 minutes.
https://highvalueexit.scoreapp.com/

Lesperance Associates - https://lesperanceassociates.com/

ABOUT THE HOST

Nick Bradley is a renowned entrepreneur, investor, speaker, and business growth expert.
His background is growing and scaling Venture Capital and Private Equity backed businesses globally. Over the last decade, he has completed 117 acquisitions and 25 business exits with a combined valuation of over $5bn dollars.
His mission is to help business founders build valuable businesses and create life-changing exits so they can realise freedom, wealth, and impact.

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