Send us a textSally Gimon, a financial expert, discusses how individuals can save big on taxes and protect their assets using the powerful spendthrift trust. She specializes in showing 1099 earners and business owners how to slash their federal taxes by 70-95% using this trust. The trust helps investors legally avoid capital gains, interest, and rental income taxes. Sally shares her personal experience with real estate investing and how the trust has saved her six figures in taxes. She also explains how the trust can be used for various types of investments, including stocks, crypto, and businesses. The trust provides significant tax savings and also offers benefits such as privacy, asset protection, and avoidance of probate and inheritance taxes. In this conversation, Sally discusses the benefits of using irrevocable complex discretionary non-grantor spendthrift trusts to save on taxes and protect assets. She explains how these trusts can be used by various individuals, including real estate investors, business owners, and independent contractors. Sally shares examples of how her clients have saved thousands of dollars in taxes by utilizing these trusts. She also addresses common misconceptions and provides resources for further information.TakeawaysThe spendthrift trust can help individuals save 70-95% on their federal taxes and avoid state income taxes in 43 states.The trust is applicable to various types of investments, including real estate, stocks, crypto, and businesses.By using the trust, individuals can legally avoid capital gains, interest income, rental income, dividend income, and royalty income taxes.The trust provides benefits such as privacy, asset protection, avoidance of probate and inheritance taxes, and the ability to pass on wealth to future generations.Working with a knowledgeable CPA and law firm is crucial to ensure compliance and maximize tax savings. Irrevocable complex discretionary non-grantor spendthrift trusts can be used to save on taxes and protect assets.These trusts are beneficial for various individuals, including real estate investors, business owners, and independent contractors.By utilizing these trusts, individuals can save thousands of dollars in taxes.The trusts can also provide asset protection in the event of divorce or legal disputes.Medicare beneficiaries can use these trusts to avoid higher Medicare costs.Individuals have control over who the beneficiaries of the trust are and can make changes as needed.There are resources available, including books and articles, for further information on these trusts.Support the show

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