Jim Rein designs sophisticated estate plans for independent, forward-thinking business owners who seek to transform what they’ve built into a legacy that lives on. Whether their focus lies in farming, ranching, equipment manufacturing, healthcare, or commercial real estate, Jim draws on over 20 years of experience to proactively devise the best scenarios for achieving people’s goals for the preservation and distribution of their wealth.
Successfully running a business requires protecting it from liabilities and economic surprises, as well as preserving its value as it passes to the next generation. Using complex charitable and estate-planning strategies, Jim helps owners walk through myriad options to address what are most often non-monetary objectives.
Examples of Jim’s robust approach to estate planning include:
- Helping an ethanol manufacturer circumvent the detrimental tax effect of stock transfers and protect about $45 million in net worth for the next generation.
- Following the profitable sale of a family-owned feedlot, allowing the family to maintain lasting control of how charitable contributions are used while also providing liquidity to fund the owners’ retirement, all in the most tax-efficient way.
- Designing a fair and tax-efficient plan that allowed a partial owner of a family business sufficient liquidity to fulfill his bucket list during his terminal illness, guarantee future financial security for his wife, and maintain family ownership of the business assets.
Growing up in Grand Island, Nebraska, Jim decided early on that he wanted to pursue a career in accounting. Once a CPA, he quickly gravitated to estate and gift planning because of the reward in watching the positive impact on the families he helps. Jim listens beyond the financial goals to understand the motivations that drive each family member. With that in mind, Jim helps individuals navigate through the huge set of alternatives, resulting in the right approach for their circumstances.