The asset protection industry has been growing by leaps and bounds with more and more financial companies recommending moving assets offshore to protect oneself or business from high taxes and lawsuits and a variety of other reasons.
There is a growing number of instruments to choose from to accomplish this and on this episode, Jason Hartman talks with Wayne Kurtz, President and CEO of Karlsberg International Insurance Corporation LTD, regarding a unique strategy to grow and distribute assets tax-free in Belize. Wayne explains how FACTA compliant offshore life insurance works, which ultimately allows clients’ continued ownership of assets inside of a universal life insurance policy.
Wayne also discusses the benefits of offshore protection in Belize, and defines the requirements and disclosures that are necessary to set up a plan. Wayne Kurtz has 24 years of senior level experience in financial services organizations including operations management, marketing/sales, fiscal planning, M&A, P&L management. He has been recognized for articulating vision and direction, turning around poorly performing divisions, guiding joint ventures, and establishing strategic alliances.
President & CEO of Karlsberg International Insurance Corporation, Wayne’s responsibilities will include executing long term strategic/tactical plans along with overall management and operations of the company. Before joining Karlsberg International Insurance Corporation, Wayne was a Senior Vice President of Fortune 500 company – Aon Hewitt – Executive Benefits division, responsible for the Northeast region and working with the management team and board of directors of global Fortune 1000 clients.
He was instrumental in average annual double-digit revenue growth and profitability for the business unit. Prior to that, his experiences included general securities principal and the director of client development and management for a national benefits consulting firm and senior director of the tax and financial services practice for a “Big Four” accounting firm – Arthur Andersen, LLP. Wayne has a BS degree in finance and math from Robert Morris University and a Master’s degree in taxation from Duquesne University.
He also earned a Certified Financial Planner (CFP) designation from The College of Financial Planning. Wayne is an accomplished speaker on individual tax, finance and investments, author “Beyond The Iron”, real estate investor, 26 year passionate endurance athlete and founder of the largest endurance racing resource in the world, RaceTwitch.com. He was the first and only athlete to complete the DECA Ironman His Master’s Thesis on “The Tax Aspects of Life Insurance” was a national award winner by the US Tax Fraternity and Deloitte .
Wayne has taught courses as adjunct faculty at The University of Pittsburgh and Robert Morris University. He is an English Tutor for foreigners with the Pittsburgh Literacy Council (English as a Secondary Language Program) and founder of RunForBooks foundation.