Vice President, 1847Financial
Ken began his career in the financial services industry in 1993.
Mr. Crabb is Vice President of both Destiny Capital Corporation, a Registered Investment Adviser, and Destiny Capital Securities Corporation, a Broker/Dealer. Ken also serves on each company’s board of directors. He enhances the collegial organization with a wealth of skills and knowledge, including creative insurance-based solutions for complex business transactions and estate planning. He has expanded his business to include several midwestern states, while maintaining a client base in Colorado.
Since 2000 his exclusive focus has been tax-deductible life insurance strategies. After exploring the existing strategies in the marketplace, Ken partnered with a tax law firm in Cleveland to design a conservative and non-abusive plan, in direct contrast to what was being marketed and sold throughout the US. This partnership led to the creation of the Restricted Property Trust. In the fall of 2007, the IRS issued two notices and a revenue ruling broadly classifying cash value, tax-deductible life insurance strategies as potentially abusive tax shelters. It took two and a half years for the Restricted Property Trust to distinguish itself positively from the abusive plans in the marketplace. This occurred after the plan completed several audits and ultimately received an IRS workpaper in one of the audits stating the plan was not a listed transaction under IRS Notice 2007-83.
Ken has assisted law firms and CPAs on welfare benefit audits throughout the United States and is one of the foremost experts on corporate tax-deductible life insurance strategies in the nation. In order to leverage his time and expertise, Ken now serves as the “in-house” third-party-administrator for a few select financial services organizations in order to offer this strategy to clients across the country.
Ken has a BS in economics, General Securities Representative (Series 7), General Securities Principal (Series 24), Series 63 and numerous state life insurance licenses. Ken enjoys working out, tennis, and golf. He lives with his wife and three daughters in Charlotte, NC.
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Pre-requisites
Advance Preparation
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
66 Ratings
LM
Aug 4th, 2020
excellent course. thank you!
CM
Dec 15th, 2020
Great Presenter
HW
Aug 4th, 2020
Great material
TS
Aug 4th, 2020
Thank you.
MV
Dec 9th, 2020
Good seminar
1 Credit
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