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)

LEARN MORE ABOUT: IRA Accounts

TRANSFER IRA TO GOLD: Gold IRA Account

TRANSFER IRA TO SILVER: Silver IRA Account

REVEALED: Best Gold Backed IRA

Making sound investment decisions is crucial to secure your future financially. With plenty of options available, it is essential to choose the right investment plan that aligns with your goals and objectives. In this article, we will elaborate on two popular investment plans – the Spendthrift Trust and the Self-Directed IRA.

The Spendthrift Trust is a type of trust designed to protect the beneficiary’s assets from creditors and other risks. The trust is typically created by a grantor who transfers assets to a trustee, who then manages the assets and distributes the income to the beneficiary. The trust operates under strict guidelines, and the trustee has limited discretion over the assets. The trust is irrevocable, and the beneficiary cannot change the terms of the trust agreement.

In contrast, a Self-Directed IRA is an individual retirement account that allows the account holder to invest in a wide range of asset classes, including real estate, precious metals, and alternative investments. In this account, the account holder has complete control over investment decisions, and there is no limit on the type of investments that can be made.

Both investment plans have their pros and cons, and it is essential to weigh each option carefully before making a decision.

One of the key advantages of a Spendthrift Trust is its ability to protect assets from creditors. This means that if the beneficiary were to face financial difficulties or legal disputes, the assets held in the trust would be protected. Additionally, the trust allows the grantor to control the distribution of assets, ensuring that they are used for intended purposes.

However, the Spendthrift Trust also has some limitations. One of the significant drawbacks of this investment plan is its lack of flexibility. The trustee must adhere to strict guidelines, and the beneficiary has limited control over the assets held in the trust. Moreover, the trust is irrevocable, so the grantor cannot make changes to the trust agreement once it has been established.

On the other hand, a Self-Directed IRA offers more control and flexibility than a Spendthrift Trust. The account holder has complete control over investment decisions, which allows for more diverse investment opportunities. Additionally, the account holder can make changes to the investment plan at any time, providing more flexibility than a Spendthrift Trust.

However, the Self-Directed IRA has its disadvantages. One of the risks associated with this investment plan is the lack of protection against creditors. If the account holder were to face financial difficulties or legal disputes, the IRA’s assets could be at risk. Furthermore, the account holder must comply with the IRS regulations governing retirement accounts, which can be complex and time-consuming.

In conclusion, deciding between a Spendthrift Trust and a Self-Directed IRA requires careful consideration of your goals and objectives. While a Spendthrift Trust provides protection against creditors, it lacks flexibility. On the other hand, a Self-Directed IRA offers more control and flexibility but requires compliance with IRS regulations. Ultimately, the choice between the two depends on your investment preferences and risk tolerance.