Make Your Trust Own Everything! A Proper Explanation

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Certified Enrolled Agent Karlton Dennis has seen everything in the game, using his knowledge to take advantage of his tax-return every year to write-off some quite luxurious items. The thing is, ANYBODY can do this! How? Find out on today's Taxes Made Simple!

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*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

#taxes #taxfreeliving #taxexpert #taxreduction #llc

[ramosusarmy]

My brother. You don't even know the love and tools you have given me and my Familia.
Many blessings to you and your Family. 🇵🇷

[ML-kslj]

Key take aways, be structured before you start the structure.

[jusnaturale]

Article I Section 10 Clause 1: No State shall pass any law impairing the Obligation of Contracts.

[randomuserame]

When they say "you will own nothing" This is what they DON'T want you to know. They want you to _actually_ have nothing, but rent and rely on subscriptions. Meanwhile THEY "own nothing" so that if you sue them you get maybe a pad of sticky notes and a toothbrush, while they area beneficiaries of a trust which itself owns all the stuff the really care about (house, car, even ownership/stock in companies)

[Jennyk]

Law Depot has a basic Revocable living Trust for $39. You can add other element and pay $99. With real estate, you will never "own" it unless you pay cash. if you take out a loan, you are a Tenant and the security (Mortgage) will be sold thousands of times. Reclaim it from the Indenture Trust.

[jeanvanderwesthuizen]

You are the first person that talks sense, most people jumps straight into establishing a Trust and Holding Company, spending, not investing, money. Like we say in South Africa, "gat oor kop" approach. Andre.

[letsgobrandon]

I've been stuck in analysis paralysis over my blueprint forward through the trust process and this video just gave me some clarity. Thanks!

[strohmeyerlawpllc]

The revocable living trust can help centralize and manage assets, but generally won't provide any asset protection or creditor protection benefits. Why? Because the trust is revocable, the person creating the trust generally can access all of the assets in the trust, and if the person creating the trust can access the assets, then their creditors can too.

[pvitale]

I have a financial Planning practice in NY and NJ for over 25 years and agree. Great job...

[LofiGiant]

Immediately subscribed. Probably the best video on youtube I've ever seen. few explain this phased approach so well. . Genius

[jollymon]

How would you address the new changes to Trusts in March 2023 that affects the taxability?

[TheWzeOwl]

Good Job Karlton Now Expand Your Operations My Friend I Started My LLC In January And Opened My Corporate Bank Account WZEOWL Investments LLC Today At City Bank And Trust Usings Your Business Structure Thank You Karlton Now I Have A Gift For You Your Retirement.😮

[saltychristo]

Take your money offshore and put it in a jurisdiction that does not recognize judgements from other countries and makes it very difficult to challenge in that country's courts. This would include a scenario where a US judge interprets a prenup in a manner not beneficial to you, despite whatever comfort you lawyer provided you when you paid him or her to negotiate that prenup.

[MitchMuller]

This video is PURE GOLD brother! Thank you for this solid advice!

[relatablerealness]

Watching this AGAIN then have to figure out owning my first rental property! Thank you for the valuable information! ❤

[verticle]

I’m a retired soldier from the 101st Airborne Division, but I think I just fell in love with this man! Thank you for not being full of sh*t!

[bigbuttsbbq]

Wow... I appreciate how fluid and understandable this video is. I know nothing about trusts, nor do I believe I am even close to asset accumulation in a way that would justify a trust but if I was, I feel this video would be exactly the kind of starting point I would be hoping to find. Cheers to you Mr. Karlton for putting in the time and thoughtfulness to make this video broad, understandable to the layman, and concise. I will keep your name in mind.

[barbarianatgate]

Keep in mind that in March of this year, the IRS changed the rules considerably regarding irrevocable trusts. To a large degree, placing your assets in a trust with your children no longer protects from taxes upon you death the way it used to.

[nombusodlamini]

Grateful for this video and this is my second time watching it! Phase 1 confirms my sentiments that you need to have various forms of income operating and stable annually for a number of years to consider buying and tying them up to assets. The second one is that this speaks into basic book keeping and financial accounting to see where you are financially to think about your next move.

[hectorvargas]

Bravo young man. Very down to the point. Thank You.