If you’ve ever wondered how the spendthrift trust can help medical doctors generate massive legal tax reduction in their practices, you’ve come to the right place, although the answers may not be what you’re expecting. In this episode, I walk you through, step-by-step, how to set up the trust infrastructure and the strategies that produce these incredible savings. Enjoy!

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.

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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)

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The Spendthrift Trust Vs. Self-Directed IRA: Part 18

When it comes to planning for retirement, there are many options out there. Two popular choices are a spendthrift trust and a self-directed individual retirement account (IRA). In this article, we will continue our exploration of these two options.

A spendthrift trust is a type of trust that is designed to protect assets from creditors or other parties. It is meant for individuals who want to protect their assets from being spent too quickly or from being lost due to creditor claims. The trustee of a spendthrift trust has full control over the trust assets and is responsible for managing them in accordance with the terms of the trust.

On the other hand, a self-directed IRA is an individual retirement account that allows the account holder to invest in a wide range of assets, including real estate, private placements, precious metals, and more. Unlike traditional IRAs, self-directed IRAs give account holders more control over their investments, but they also come with additional risks and responsibilities.

So, which option is right for you?

If your main goal is to protect your assets from creditors or other parties, then a spendthrift trust may be the better option for you. However, if you want more control over your investments and are willing to take on the additional risks and responsibilities that come with a self-directed IRA, then this may be the better option for you.

One important thing to keep in mind when considering these options is that they are not mutually exclusive. You may be able to use a spendthrift trust in conjunction with a self-directed IRA to further protect your assets and have more control over your investments.

Ultimately, the decision on whether to go with a spendthrift trust or a self-directed IRA will depend on your individual goals, objectives, and risk tolerance. It is important to speak with a financial advisor or other financial professional to get a better understanding of which option is best for your specific situation.

In conclusion, both a spendthrift trust and a self-directed IRA can be valuable tools when it comes to planning for retirement. However, the best option will depend on your individual circumstances and goals. Be sure to consult with a financial advisor to determine which option is right for you.