If you think you’re paying too much in taxes and/or you need to lock down your personal and business assets with 100% lawsuit-proof asset protection, visit Calendly link below and schedule a free one-on-one consultation with me.
www.calendly.com/dohnthornton/30min
If you want to get some more information about this amazing tax reduction and asset protection strategy, go to this website:
I’m Dohn Thornton. I’m a Senior Trust Specialist. I’ve been an ultra-successful real estate investor in Florida since 2003. I’ve dominated the short sale market in Florida for almost 20 years. I decided that I was paying WAY too much money in taxes all these years and, luckily, I found out about this incredible strategy that helps me legally reduce my taxes to almost ZERO, while getting 100% lawsuit-proof asset protection. I decided to get the word out to as many people as possible so that they can also help keep more of their hard-earned money in their pocket.
WHAT TO WATCH NEXT
===================
5 Pillars Of This Amazing Trust
Key Advantages Of A Spendthrift Trust
Webinar For Business Owners
ACCESS MY FREE RESOURCES BELOW
========================
Dohn The Infinite Wealth Strategist Podcast
Dohn The Infinite Wealth Strategist Blog & Vlog
TOOLS I RECOMMEND:
========================
Nowsite: This is the platform I use for all of the online marketing for my Infinite Wealth Strategist business. Did you know that if you become a customer of Nowsite, you automatically qualify to join my Team? You can get all my trainings and work with me one on one for FREE (!) just by joining Nowsite. Click on this link to join:
I am not a licensed tax advisor. I do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction….(read more)
LEARN MORE ABOUT: IRA Accounts
TRANSFER IRA TO GOLD: Gold IRA Account
TRANSFER IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA
In the world of estate planning, there are several options available to ensure that your assets are passed on to your heirs in the way that you see fit. Two popular choices are the Spendthrift Trust and the Self-Directed IRA. In this article, we will be exploring the differences between the two and which one may be right for you.
The Spendthrift Trust
A Spendthrift Trust is a type of trust that allows you to control how your assets are distributed after your death. The trust is set up with a trustee who is responsible for managing the assets and distributing them according to your wishes. The benefit of a Spendthrift Trust is that it can protect your assets from the creditors of your heirs. This type of trust is also beneficial for those who want to ensure that their heirs do not mismanage their inheritance.
However, one downside to a Spendthrift Trust is that it can be expensive to set up and maintain. Additionally, because the trustee has control over the assets, it may limit the flexibility of your heirs.
Self-Directed IRA
A Self-Directed IRA is a retirement account that allows you to invest your assets in a variety of investments, including real estate, precious metals, and private equity. The main advantage of a Self-Directed IRA is that it allows you to control the investments in the account. This type of IRA is also beneficial for those who want to pass on their assets to their heirs as it can provide tax advantages.
One downside to a Self-Directed IRA is that the assets are not protected from the creditors of your heirs. Additionally, the IRS has strict rules regarding the management of Self-Directed IRAs, which can limit your investment options.
Which One is Right for You?
Deciding between a Spendthrift Trust and a Self-Directed IRA largely depends on your individual needs and goals. If you are primarily concerned about protecting your assets from the creditors of your heirs, then a Spendthrift Trust may be the right choice for you. However, if you are looking for more investment control and flexibility, then a Self-Directed IRA may be the best option.
It is important to consult with a financial advisor and an estate planning attorney to determine which option is best for your situation. These professionals can help you understand the benefits and drawbacks of each option and create a plan that aligns with your goals.
Conclusion
Both the Spendthrift Trust and the Self-Directed IRA are excellent options for estate planning. By understanding the differences between the two and consulting with professionals, you can create a plan that ensures your assets are distributed in the best way possible.
0 Comments