Are you tired of paying high federal taxes on your 1099 income, capital gains, interest income, dividend income, rental income, and royalties? In this episode of "Stop Paying Capital Gains, Now!" Sally Gimmon shares a game-changing solution that only 1% of the population has -- the irrevocable, complex discretionary, non-grantor spendthrift trust. This specialized trust is used by the likes of the Rockefellers and US presidents. It can help reduce taxes, keep information private, and protect against lawsuits. Sally breaks down the four components of the trust, and offers to help listeners sign up for it. This trust is patented, and the IRS code is 643(b). She also explains how business brokers can work together in a JV agreement to help clients selling or buying businesses.
Outline of this episode:
0:02 A specialized trust that only 1% of the population has
2:17 Her experience as a trustee of such a trust, including how to set up the trust and some of the rules and challenges that can arise.
4:18 A trust that can save individuals and businesses on federal taxes and protect their assets from lawsuits.
6:26 Two types of trusts: a business trust for 1099 income earners, and a beneficial trust for investors.
8:05 Her personal experience of using the trust to save money on a real estate transaction, and encouraging others to consider using the trust as well.
9:34 Working with business brokers and receiving referrals. How the use of trusts can benefit both buyers and sellers in business transactions.
11:53 How Sally helps clients save money on capital gains tax and 1099 income through the use of a beneficial trust or spendthrift trust.
13:38 Examples of individuals who have benefited from using the trust, and emphasizes the importance of understanding one's tax bracket.
15:30 Sally also talks about her website, thetrustisyou.com, where people can make an appointment with her to learn more about tax-saving strategies
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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