Tax Secrets of the Rich: Business Trusts

Summary

In this episode of Wealth Embodied, host Alara Sage speaks with Sally Gimmon about the benefits of Business Trusts and how they can significantly reduce tax liabilities for entrepreneurs. Sally shares her personal journey into real estate investing and the legal framework surrounding trusts, particularly the Spendthrift Trust. 

 

takeaways

• Business owners can save significant amounts on taxes using trusts.
• The Spendthrift Trust is a legal tool recognized by the IRS.
• Trusts can protect assets from lawsuits and keep information private.
• Entrepreneurs making over $80,000 gross can benefit from these trusts.

Connect with Sally

https://www.thetrustisyou.com/affiliate

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https://www.alarasage.com

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