Why You Need a Trust to Save on Taxes - EP 5 скачать в хорошем качестве

Why You Need a Trust to Save on Taxes - EP 5

In this episode of Beyond the Listing, host Pam is joined by Sally Gimon, a real estate trust expert and founder of The Trust Is You, who reveals how trusts can legally save you from paying excessive taxes in the U.S. Sally dives into her journey from real estate investing to mastering the art of tax-saving with irrevocable complex trusts. She explains how individuals and real estate investors can leverage the power of trust structures to save up to 90% on federal income taxes. From explaining her own success story to outlining how others can implement these strategies, Sally also touches on how this approach benefits business owners, real estate agents, and even W-2 earners with side hustles. If you’re looking to save money on taxes and protect your assets, this episode provides actionable insights you won’t want to miss! 🎧 Hosted by: Pam 🎙 Guest: Sally Gimon Sally Gimon is a Trust Educator, Tax Strategist, and founder of The Trust Is You. After two decades as an insurance agent, she transitioned into real estate investing and financial education. Drawing from her experience navigating capital gains and tax challenges, Sally now teaches entrepreneurs and investors about advanced trust structures and legal tax strategies based on IRS Code 643(b). 💡 What You’ll Learn in This Episode: ✔️ How real estate investors can use trusts to save on capital gains and rental income taxes ✔️ The differences between a business trust and beneficial trust ✔️ How the rich legally avoid taxes and how you can too ✔️ Why a trust might be your best option for reducing taxable income ✔️ How to set up a trust with minimal cost and effort ✔️ The importance of having your finances and taxes organized ahead of time ✔️ Why the IRS can’t touch the Spendthrift Trust ✔️ How a trust can be passed on through generations, making it a long-term asset for your family ✔️ Actionable steps for getting started with your own trust ⏳ Timestamps (Click to Jump!): 📌 00:00 – Introduction to Tax Savings for the Self-Employed 📌 00:37 – Meet Sally Gimon: Real Estate Trust Expert 📌 01:30 – Sally's Journey into Real Estate and Trusts 📌 04:19 – The Power of Trusts: Sally's Personal Experience 📌 07:04 – Understanding Irrevocable Complex Non-Grantor Spendthrift Trusts 📌 14:21 – Tax Benefits and Real-Life Applications 📌 15:53 – Practical Advice for Real Estate Agents and Investors 📌 18:30 – Additional Resources and Final Thoughts 📌 21:17 – Understanding Tax Savings 📌 21:27 – Client Success Stories 📌 22:37 – Starting a Trust 📌 23:24 – Real Estate Investment Strategies 📌 24:22 – Tax Filing Tips 📌 27:08 – Family Trusts and EIN Numbers 📌 28:59 – Pre-Foreclosure Solutions 📌 31:47 – Seller Financing Explained 📌 33:22 – Contact Information and Resources 📌 36:42 – Final Thoughts and Encouragement 💼 Connect with Sally Gimon: 🌐 Website → https://www.sallygimon.com/ 📘 Facebook → https://www.facebook.com/TheTrustisyou/ 📷 Instagram → https://www.instagram.com/sallygimon/ 🔗 LinkedIn → https://www.linkedin.com/in/sallygimon/ 🎙 Follow Pam: 🌐 Website → http://www.platinumpropertygroup.net/ 📘 Facebook → https://www.facebook.com/pflitton 📷 Instagram → https://www.instagram.com/flittonpam/ 🔗 LinkedIn → https://www.linkedin.com/in/pamflitton/ 🔖 Don’t Forget to LIKE 👍, SUBSCRIBE 🔔 & COMMENT 💬 Below! ⭐ Produced by Icons of Real Estate - https://iconsofrealestate.com/