EP 106 - Why You Need a Trust (even if you're not rich)

The Mark Perlberg CPA Podcast

Send us a text

Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...

Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com

At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/subscribe

Trusts serve as powerful wealth preservation vehicles for the affluent, providing control, protection, privacy, and potential tax savings. We explore the fundamentals of trusts and how they can be strategically used for estate planning and asset protection.
• Most beneficial for those planning their estates, individuals with risk exposure, entrepreneurs, business owners, and real estate investors
• Revocable living trusts help avoid probate and mitigate estate taxes when inheriting assets
• Irrevocable trusts remove assets from your estate for asset protection and tax minimization
• Grantor trusts (intentionally defective grantor trusts) allow assets to exist outside your estate
• Charitable trusts create significant tax savings, especially during major capital gains events
• Different professionals may recommend different trust solutions for the same situation
• Proper trust structure can help preserve multi-generational wealth
Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game...

Take our free Tax Planning Checklist & learn about what tax savings may be available for you in our minicourse at https://taxplanningchecklist.com

At the very least, get on our newsletter to gain access to free live events and exclusive insight you won't find anywhere else: https://www.prosperlcpa.com/subscribe

Chapters

1. Introduction to Trusts for Wealth Preservation (00:00:00)

2. Who Benefits Most From Trusts (00:00:38)

3. Types of Trusts Explained (00:01:54)

4. Charitable Trusts for Tax Savings (00:03:09)