In this episode of "Invest Anywhere, From Anywhere Podcast", Mark 'MJ' Jackson welcomes special guest Sally Gimon, a real estate investor and expert in spendthrift trusts. Sally shares her success using this trust to reduce capital gains taxes and protect assets legally. The conversation explores Sally's journey, the historical roots of spendthrift trusts, and their application to various income streams.
Key Points
- Sally introduces the concept of spendthrift trusts for reducing capital gains taxes and asset protection.
- She shares her journey as a real estate investor and the significant tax savings she achieved using the spendthrift trust.
- The discussion covers the historical background of spendthrift trusts, tracing their origins back to England and their incorporation into the IRS tax code.
- Sally emphasizes the privacy and protection aspects of the trust, highlighting its effectiveness in keeping personal information confidential.
- MJ and Sally discuss the process of setting up a spendthrift trust, its cost, and its potential benefits for tax savings and asset protection.
- Success stories are shared, demonstrating the financial advantages of utilizing spendthrift trusts.
- Sally encourages listeners to explore this strategy and attend her live presentations for more in-depth information.
Connect with Sally Gimon
- Sally's website: www.thetrustisu.com
- Attend Sally's live presentations: www.thetrustisu.com/save