Join Sally Gimon on her podcast, "Stop Paying Capital Gains," where she teaches you how to save money easily using a spendthrift trust. Her guests include crypto investors, crypto miners, real estate investors, day traders, and forex stock market traders. In this episode, Sally discusses how foreign nationals with property in the United States can use an irrevocable, complex discretionary, non-grantor spendthrift trust to save on taxes. She shares a story of a Saudi Arabian client who purchased three condos in the Trump Tower in New York and now wants to sell one of them. Sally explains the five ways the trust saves money on taxes, including capital gains, notes, the BRRRR strategy, dividend income, rent rolls, and royalties. Please tune in to find out how Sally can help the client save $370,000 a year on rent rolls by putting all his US properties into the trust.
Outline of this episode:
0:02 Expert Guests Share How the Irrevocable Spendthrift Trust Saves You Money Easily
1:08 Exploring Tax Savings for Foreign Property Owners
3:21 A Case Study on Foreign Property Ownership and Rental Income
4:55 A Saudi Arabian Client's Real Estate Investments and the Benefits of a Beneficial Trust
6:38 Saving Thousands on US Property Taxes: A Trust Strategy for Foreign Nationals
8:24 How Setting Up a Spendthrift Trust Can Help You Save Thousands on Taxes in Real Estate Investments
9:48 How Long-Term Capital Gains and Rent Rolls Can Add Up Quickly
11:03 Saving on Interest and Dividend Income Taxes with Spendthrift Trusts
12:27 Stop Paying Capital Gains: How a Spendthrift Trust Can Help You Save Money on Taxes
This episode covers the following:
· Maximizing Tax Savings: An Introduction to Stop Paying Capital Gains with the Irrevocable, Complex Discretionary Trust
· Foreign Nationals and US Property: How to Save on Taxes with the Non-Grantor Spendthrift Trust
· Case Study: Saving Taxes on Real Estate Sales in the US - The Experience of a Saudi Arabian Client
· Five Ways to Save Money on Taxes with the Beneficial Trust: Notes, BRRRR Strategy, Dividend Income, Rent Rolls, and Royalties
· Calculating Tax Savings: How a Saudi Arabian Client Can Save $370,000 Per Year on Rent Rolls and Avoid 15% Capital Gains Tax with the Trust
· And so much more!
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