Join Sally on "Stop Paying Capital Gains Now" as she shares valuable insights on how to save money on capital gains taxes. In this episode, Sally reveals the power of an irrevocable, complex discretionary non-grantor spendthrift trust that can help investors avoid probate and hold money for the long term. Learn how this trust can be used for business and investments, and discover how it helped fix and flipper, Luke, save big on taxes. Plus, hear how the trust can even help pay for college education. Sally shares Luke's inspiring story of how his daughter pursued her dreams of becoming a registered nurse and starting a dialysis center.
Outline of this episode:
1:33 The Benefits and Complexities of Setting Up a Non-Grantor Spendthrift Trust
3:58 Maximizing Profit and Minimizing Capital Gains
6:15 Real Estate Investor Saves over $52,000 in Capital Gains with Unique Trust
8:19 How an Irrevocable Trust is Helping Investors Save Big on Taxes
10:13 How to Save Thousands on Capital Gains Taxes with an Irrevocable Trust
12:18 Luke's Success Story in Fixing and Flipping Houses
14:18 Luke's Success Story and Extra Income Streams
16:07 Supporting Education and Entrepreneurship for the Next Generation
17:41 Changing Lives with Trusts
This episode covers the following:
About Sally Gimon:
Real estate expert Sally Marie Gimon was recently featured in Authority Magazine, discussing Infinite Wealth Strategies. Gimon, who holds a weekly mastermind for her Real Estate group that reaches over 800 investors, also hosts a weekly show called "Money Secrets" on Win, Win Women TV. In addition, Gimon announced she will launch a new podcast called "Stop Paying Capital Gains, now!" She is a regularly featured expert guest on podcasts and summits.
Sally is a wealth-building expert. She is a real estate expert and has been a licensed life insurance agent for 19 years. Sally uses proven wealth-building programs such as the Infinite Banking system and Spendthrift Trusts. She assists consumers in becoming debt-free in less time, saving money on capital gains, and protecting financial investments. Sally leads a weekly mastermind for her Real Estate group of over 800 investors, and she broadcasts "Money Secrets" weekly on Win-Win Women TV.
A Spendthrift Trust defers Capital Gains into infinity, becomes judgment-proof, and information is 100% private. Gimon offers a FREE Report that teaches how to start benefiting from Day 1.
Connect and tune in to Stop Paying Capital Gains, NOW! on:
Learn more at www.TheTrustIsYou.com
Want to schedule an appointment? Book here: www.thetrustisyou.com/scheduling
Join us every Monday at 8 pm EST for a round of Q&A https://zoom.us/j/85008747185
Passcode: Fy2kKX
TikTok: @spendthrifttrust