In this episode of "Stop Paying Capital Gains, Now!" Sally Gimon shares her personal experience of discovering the spendthrift trust and how it can help individuals save a significant amount of money on capital gains taxes. She explains how the trust, which is legal and patented under US tax code 643B, can defer capital gains for individuals, just like the Rockefellers have been doing for seven generations. If you're a real estate investor, Sally's insights on how the spendthrift trust can help you save money on capital gains taxes and rental income are definitely worth listening to.
Outline of this episode:
0:02 – Sally shares her personal experience of discovering the trust and how it led him to work with a private law firm to promote its use.
1:59 - The use of a legal spendthrift trust to save money on capital gains taxes in real estate investing and other transactions
3:51 - The beneficial spendthrift trust and how it can help people save money on taxes
5:33 - Financial planning and tax optimization for real estate investments.
7:35 - A man in Texas who helps people with rent-to-own properties and has several rental properties himself.
10:04 - How a spendthrift trust can help save money for a real estate investor who owns multiple rental properties
12:01 - The different ways people can save money, such as interest income, dividend income, capital gains, and royalties.
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.
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