MDRN Capital Extended Services
Protecting Your Wealth: Your Guide to Tax & Estate Strategies
Table of Contents
ABOUT MDRN CAPITAL
Explore the Sections
02
About MDRN Capital
The Cornerstones of Estate Plannning: An Essential Overview
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Maximizing Your Wealth Through Strategic Tax Planning
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Learn More
At MDRN Capital, we believe that true financial security extends beyond investment management. That’s why we partner with trusted estate and tax planning professionals to provide a seamless, holistic approach to your wealth. Our extended services help ensure your financial strategy aligns with your long- term goals—protecting your legacy, optimizing tax efficiency, and simplifying complex financial decisions. What sets MDRN Capital apart is our commitment to not only partnering with experts in estate planning and strategic tax planning but also providing these essential services directly to our clients at no additional cost*. This integrated approach allows us to deliver a comprehensive financial strategy that fully aligns with your individual objectives. By combining our in-house expertise with the insights of our specialized partners, we enhance your financial journey and empower you to navigate estate and tax complexities with confidence. Discover how MDRN Capital can help you build a comprehensive plan for the future, leveraging both our extensive services and our collaborative partnerships.
*Services offered to MDRN Capital clients with over $1,000,000 managed by MDRN Capital who are under our standard fee schedule.
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The Cornerstones of Estate Planning
The Cornerstones of Estate Planning: An Essential Overview An estate plan is not just about how your wishes will be carried out; it’s a crucial component of a comprehensive financial plan, ensuring that your wealth is managed and transferred in alignment with your vision and values. Dive into this comprehensive guide to demystify the complexities of estate planning and equip you with knowledge about how to protect your legacy.
KEY COMPONENTS OF A COMPREHENSIVE PLAN
A Living Trust is a flexible legal arrangement that allows you to transfer your assets into a trust during your lifetime. This legal documentation helps your estate to avoid probate, which can be time-consuming and costly. Living Trust
Family Protection Subtrust
A Family Protection Subtrust is a feature of a Living Trust that provides asset protection for your family after your death. It allows you to control how and when your assets are distributed to your beneficiaries, protecting them from creditors and potential legal challenges. A Living Trust with Family Protection Subtrust is an excellent way to maintain privacy, avoid probate, and ensure that your assets are managed and protected for the benefit of your loved ones. Most people have heard of a will, and it can serve as one of the most critical components of your estate plan. A Last Will & Testament is a legal document that outlines your final wishes and instructions for the distribution of your probate assets after you pass away. It allows you to designate beneficiaries, such as family members or charitable organizations, and name an executor to carry out your wishes. Without a will, the state will decide how your assets are distributed, which may not align with your intentions. Additionally, a Last Will & Testament can function as a pour over will, ensuring that any assets not covered by other estate planning documents are transferred into your trust to be distributed according to its terms. Having a will helps to ensure that your assets are distributed according to your wishes. Last Will & Testament Who will attend to your affairs if you are incapacitated? A General Durable Power of Attorney grants someone you trust (your agent or attorney-in- fact) the legal authority to manage financial matters and make decisions on your behalf if you become debilitated. This document is crucial for ensuring that someone you choose is empowered to handle important financial matters, such as paying bills, managing investments, and handling real estate transactions, in the even you are unable to do so yourself. General Durable Power of Attorney
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The Cornerstones of Estate Planning
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TAX PLANNING CONSIDERATIONS
An Advance Care Directive, also known as a Living Will, allows you to express your wishes regarding medical treatment and end-of-life care if you are unable to communicate your decisions. It outlines your preferences for life-sustaining treatments, pain management, and other medical interventions. Having a Living Will ensures that your healthcare providers and loved ones understand your desires and can make medical decisions on your behalf alignment with your values. Advance Care Directive (Living Will) A Healthcare Surrogate Designation, also known as a Healthcare Power of Attorney, allows you to appoint someone you trust as your surrogate or proxy when it comes to medical care. This person will have the legal authority to make medial decisions on your behalf if you are unable to do so yourself. Your healthcare surrogate is able to work with medical professionals to ensure that your medical treatment is carried out according to your wishes. Healthcare Surrogate Designation A HIPAA Authorization is a legal document that allows designated individuals to access your protected health information. Without this authorization, medical professionals are prohibited from sharing your health information with anyone other than you. By having a HIPAA Authorization in place, you ensure that your healthcare surrogate and other trusted individuals can access important medical information when needed. HIPAA Authorization
For high-net-worth clients who may be concerned about federal and estate taxes, an Irrevocable Trust with a Lifetime Protection Subtrust can offer significant tax benefits and asset protection. The benefits of an irrevocable trust can include the following: • Estate tax reduction • Lifetime gifting options • Protection from creditors • Protection from divorce • Control and flexibility By consulting with an estate planning attorney, clients can customize their Irrevocable Trust to align with specific needs and financial objectives, optimizing all available tax benefits. However, due to the long-term implications of such a trust, it’s crucial to seek professional guidance and careful planning to ensure your plan meets overall estate planning goals. Irrevocable Trust With Lifetime Protection Subtrust A/B Planning, also known as Credit Shelter Trust or Bypass Trust planning, is sometimes used in conjunction with a Living Trust for married couples, especially those with a high net worth. It allows each spouse to maximize their individual estate exemption, reducing the tax burden on their combined assets. By creating separate trusts for each spouse, A/B Planning ensures that both spouses can take advantage of their estate tax exemption and pass on more of their wealth to their beneficiaries tax-efficiently. A/B Planning For Living Trust
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The Cornerstones of Estate Planning
Why Do I Need A Trust If I Have A Will? A will is simply a document that provides details to the probate court on how you wish your assets to be distributed. It is a common misconception that having a will allows your estate to avoid probate. With a will, your loved ones will still incur the expenses and have to undergo the process of probate administration. A revocable trust allows you to maintain full control over your assets during your lifetime, while achieving probate avoidance upon your passing. MDRN Capital generally recommends the use of a trust with a pour-over will, ensuring that any remaining assets automatically transfer to the established trust upon death. It’s essential to regularly review and update your estate plan to reflect life changes, such as marriage, birth of children, or changes in financial circumstances. We recommend that you confirm that the details of your plan match your desires at least annually. How Often Should I Update My Estate? Estate planning is the ultimate financial planning exercise, which is why it’s so critical that families work alongside an experienced team when contemplating and documenting key decisions. At minimum, that team should include at least one experienced attorney. If a family works with a financial advisor, it is advisable to include that professional in estate planning conversations to aid in strategizing to develop a comprehensive strategy to meet a family’s goals. Whose Guidance Should I Seek When Completing My Estate Plan?
COMMON QUESTIONS
Probate is the legal process through which a court oversees the distribution of a deceased person’s assets to their beneficiaries and settles their debts. During probate, the court validates the deceased person’s will, appoints an executor to manage the estate, identifies and values assets, pays off debts and taxes, and ultimately distributes the remaining assets to the heirs. What is Probate and Why is it Something to Avoid?
Probate is something to avoid for several reasons:
Probate can be a lengthy process, often taking several months or even years to complete. During this time, beneficiaries may face delays in receiving their inheritances, potentially causing financial strain and frustration. Time-Consuming Probate can be expensive, with court fees, attorney fees, and other administrative costs eating into the estate’s assets and reducing the amount available for beneficiaries. Costly Probate is a public process, and all documents and proceedings become part of the public record. This lack of privacy can lead to unwanted scrutiny and potential disputes among family members. Lack of Privacy During probate, the court has significant control over the estate’s administration which may not align with the deceased person’s specific wishes or the best interests of the beneficiaries. No Control over the Outcome
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Maximizing Your Wealth Through Strategic Planning
Maximizing Your Wealth Through Strategic Tax Planning A Complimentary Service from MDRN Capital in Partnership with Fidelis Tax At MDRN Capital, we believe that a well-rounded financial plan isn’t complete without strategic tax planning. Taxes are one of the biggest expenses you’ll face in retirement, and without proper planning, you could be leaving thousands of dollars on the table. That’s why we cover the cost of comprehensive tax planning and preparation for our clients, in collaboration with Fidelis Tax and Accounting, led by Christopher Winans, EA. Through this partnership, our clients receive white-glove, proactive tax guidance tailored to their unique financial situations. Whether you’re preparing for retirement, optimizing your annual tax return, or seeking to maximize deductions, we ensure you receive tax-efficient strategies that integrate seamlessly with your overall financial plan.
WHY TAX PLANNING MATTERS Taxes are often overlooked in financial planning, but they play a crucial role in your long-term financial health. With proactive tax strategies, you can: • Reduce your tax liability – Keep more of what you earn by utilizing legal and effective tax-saving strategies. • Enhance your retirement income – Withdraw funds in a tax- efficient manner to stretch your retirement dollars further. • Avoid costly tax surprises – Plan ahead to prevent unexpected tax burdens and penalties. • Maximize charitable contributions – Give to causes you care about while benefiting from tax incentives. • Optimize investment tax efficiency – Ensure your portfolio is structured to minimize tax consequences on capital gains, dividends, and withdrawals. With our tax planning services, you don’t have to navigate the complexities of the tax code alone. We simplify the process and help you make smarter financial decisions—every step of the way. COMPREHENSIVE TAX SERVICES: WHAT'S INCLUDED? Every financial situation is unique, and so is your tax strategy. Our team works closely with you to develop a customized tax plan that aligns with your short-term needs and long-term goals. We analyze your income sources, deductions, and potential credits to minimize tax exposure while ensuring full IRS compliance. Personalized Tax Planning Filing taxes can be daunting, but our team ensures a smooth and stress- free process. We handle the preparation and filing of your federal and state tax returns, ensuring accuracy while taking advantage of every available deduction and credit. Tax Preparation & Filing Tax planning isn’t just a once-a-year event. We provide ongoing, proactive tax guidance throughout the year, helping you adapt to changes in tax laws, income fluctuations, and evolving financial goals. Year-Round Tax Guidance
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Maximizing Your Wealth Through Strategic Planning
At MDRN Capital and Fidelis Tax, we implement cutting-edge tax strategies to maximize your wealth and optimize your financial future. Key Tax Strategies for a Smarter Financial Future
Taxes can erode investment returns if not managed properly. Our investment tax planning focuses on: • Tax-loss harvesting to offset gains and reduce taxable income • Minimizing capital gains taxes by strategically managing asset sales • Maximizing tax-advantaged accounts, including IRAs and HSAs Tax-Efficient Investment Strategies Taking money from retirement accounts without a plan can lead to unnecessary taxes. Our strategy ensures you: • Withdraw funds in the most tax-efficient manner • Avoid unnecessary Required Minimum Distribution (RMD) penalties • Reduce taxable Social Security benefits by managing income streams carefully Retirement Distribution Planning: Withdraw Smartly WHAT SETS THIS SERVICE APART? Unlike many financial firms that leave tax planning to clients, MDRN Capital takes a holistic approach—we integrate investment management with proactive tax strategies. With our partnership with Fidelis Tax and Accounting, you’ll benefit from: • Expertise from a Dedicated Tax Professional – Christopher Winans, EA, and his team provide top-tier tax planning and preparation services. • Fully Covered Cost – No need to worry about paying for tax preparation; MDRN Capital covers this essential service for our clients. • Seamless Integration with Your Financial Plan – Tax planning isn’t separate from financial planning—it’s part of it. We ensure all strategies work together for your benefit. • Proactive Year-Round Planning – We don’t just file your taxes; we help you plan ahead to minimize tax burdens and maximize opportunities.
Roth Conversions: Pay Taxes Now, Save Later
A Roth conversion allows you to move funds from a traditional IRA to a Roth IRA, where future withdrawals are tax-free. This strategy is particularly beneficial if you expect to be in a higher tax bracket later in life. Our team helps you determine the best time and amount to convert, ensuring you optimize this powerful tax-advantaged tool.
Charitable Giving Strategies: Give More, Pay Less
Generosity should be rewarded! Whether you donate cash, stocks, or assets, our charitable giving strategies help you maximize the tax benefits of your philanthropy. We guide you on: • Donor-Advised Funds (DAFs) • Qualified Charitable Distributions (QCDs) • Gifting appreciated securities to avoid capital gains taxes • Bunching charitable donations for maximum deduction impact
Filing Status Optimization: The Right Choice for Maximum Savings
Selecting the right filing status isn’t just a formality— it can significantly impact your tax return. Whether you’re married, single, or widowed, we analyze your situation to determine the most beneficial option for reducing your tax burden.
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START MAXIMIZING YOUR TAX SAVINGS TODAY Taxes are inevitable—but overpaying is not. Through our exclusive partnership with Fidelis Tax and Accounting, MDRN Capital ensures that your tax strategy aligns with your financial goals, keeping more money in your pocket.
Schedule a consultation today to take full advantage of our complimentary tax services. Let's build a smarter, tax-efficient fututre – together. Visit mdrncapital.com. Schedule a Consultation Today
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MDRN Capital will either reimburse or pay direct invoice the clients estate planning fees. Should the clienuse MDRN Capitals preferred attorney, MDRN Capital will make direct payment to that service on the client’s behalf. Should the client choose to use their own preferred Attorney for such service, it is the clients responsibility to either have MDRN Capital send a direct invoice or submit their receipt as evidence for reimbursement. MDRN Capital will pay a maximum of $7500 lifetime for estate planning services. This service only applies to clients who have assets directly controlled by MDRN Capital LLC. Estate Planning services cannot be provided for relatives of clients or business entities. MDRN Capital Tax Planning and Preparation. MDRN Capital will either reimburse or pay direct invoice the clients annual tax preparation and / or tax planning fees. Should the client use MDRN Capitals preferred tax advisor MDRN Capital will make direct payment to that service on the client’s behalf. Should the client choose to use their own preferred CPA for such service, it is the clients responsibility to either have MDRN Capital sent a direct invoice or submit their receipt as evidence for reimbursement. MDRN Capital will pay a maximum of $2000 annually for tax preparation and/or tax planning services. This service only applies to clients who have assets directly controlled by MDRN Capital LLC. Tax services cannot be provided for relatives of clients or business entities.
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