Strategy to avoid estate tax and protect your wealth

Strategy to avoid estate tax and protect your wealth

Importance of Irrevocable Trust to avoid estate taxes and protect your wealth

You should know how to recognize what solutions are available to help you mitigate and eliminate potential estate exposure.

What is an Irrevocable Trust?
-a separate legal entity that holds your assets that can be potentially be protected from creditors and estate taxes.

Having your assets or a portion of your assets in an Irrevocable Trust can help safeguard your assets from:
-Estate Taxes
-Divorced
-Potential Creditors

Obstacles that you should be aware of to make sure you’re doing the right way:
-Independent Trustee needed for creditor protection
-Separate Tax Return, annually
-Set up costs
-Not easily changed
-Grantor does not retain benefit

Remember to make smart and well-informed decisions around your money because when we do, we enriched the quality of our lives, we have more prosperity and more protection because we’re in the position to achieve our goals.

Check out the video for a deep dive into how Irrevocable trusts work and who needs them.

Want to ensure you don’t have any gaps or missed opportunities in your wealth planning? Click here to “Stress-Test” your current plan FREE.

Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Gold Family Wealth, LLC), or any non-investment related content, made reference to directly or indirectly in this newsletter will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this newsletter serves as the receipt of, or as a substitute for, personalized investment advice from Gold Family Wealth, LLC. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Gold Family Wealth, LLC is neither a law firm nor a certified public accounting firm and no portion of the newsletter content should be construed as legal or accounting advice. A copy of the Gold Family Wealth, LLC’s current written disclosure statement discussing our advisory services and fees is available upon request. If you are a Gold Family Wealth, LLC client, please remember to contact Gold Family Wealth, LLC, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services.

About the Author admin

Leave a Comment:

Stress Testing: Are you 100 percent sure everything in your financial and wealth plans will deliver as promised?

angle-double-right
angle-double-left