The Rockefeller's Method To Creating Generational Wealth!

Today Dom from @AndAsset and I will be walking you through a method and strategy used by the wealthiest families to create and maintain generational wealth. This strategy has been used by the Rockefellers and Vanderbilts, two of the wealthiest families in history. We'll be showing you step by step how they did it and how you can get started for you and your family. #generationalwealth #wealthcreation #lifeinsurance #therockefellerfamily

=========================

*This video is for entertainment purposes only and is not financial or legal advice.

Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.

Affiliate Disclosure: Some of the links on this channel and in video descriptions are affiliate links. At no additional cost to you, we receive a commission if a purchase is made after clicking the link.

[davidd]

Depending on where you are in life, you can always take two smaller policies. Place one in a Trust and hold the other while borrowing against the cash value for investments. Then if that goes south your Trust will still payout to your beneficiaries. Rinse and repeat. Just another strategy that works if appropriate for your situation

[DrBrandonSchultz]

Great content! Loved your book as well.

[kirksmith]

You guys are amazing! Very clear and articulate. Extremely helpful and I love your hearts for legacy for the family! I feel the heart of God coming through you guys! Be blessed.

[sdinlt]

I love how Grandpa turns Death Gray! LOL

[LuxeprivaeMedia]

Informative video. Good job fellas 🇺🇸🙌🏿

[theArtisticStandardTV]

Dope! As a life insurance broker, I send this to my clients...

[Strltr]

Example: I am 40, my daughter is 15. I implement this strategy: buy an insurance policy on myself and name the trust as a beneficiary. Let’s say I die when I’m 90. That would put my daughter at 65 years old. What happens when the death benefit pays into the trust, and the trust goes to buy life insurance on my 65 year old daughter, BUT she happens to be uninsurable to due to heath reasons?? And what if she doesn’t have children?

What am I missing?

[yerathelamani]

Which type of Trust is particularly suitable for this method? Thanks

[jeffreybolden]

Just as an FYI the trust structure you mentioned is called a Perpetual Trust. In most states a trust cannot exist after 21 years after the death of the last-named beneficiary who was alive at the time of the trust's creation.

Also the Vanderbilts mostly did not use life insurance or life insurance trusts. In addition to the direct holdings and railroad businesses they mostly held a 50/50 stock bond portfolio with dividends / interest spent and capital preserved. They also destroyed family wealth astonishing quickly, going from the wealthiest family in the USA to the wealthiest family in the world to wiping out the family wealth in 4 generations. A good example of there is no amount of money that can't be frittered away, but not a good example of wealth preservations.

[marcus]

Puri Puri Prisoner! I'm a huge fan of your work, man!

[shonkylovesgaming]

@5:33 if the money is being given to the trust, how are the assets being bought ? Also, what as the trust is irrevocable, and if there are any urgent medical issues like Cancer, Accidents, etc. won't it create a problem ?? Also, what are the legal documents that are created by the trust ??

[TylerMatthewHarris]

What was the source material for that book… I’m pretty skeptical

[audiotechplus]

Could you add a life insurance policy to an irrevocable trust after the trust has been set up?

[kriskris]

I have a WL policy on myself, if I change the owner to an ILIT, will I be able to use it for Insurance backed Line of credit or Cashvalue collateral loans from banks or can I only utilize the Policy loans from the insurance company?

[Zykosis]

What’s the first thing I should do when starting this strategy for my family and future generations? Get an estate planning attorney to draft the trust… but should I be getting life insurance on all my kids with the trust as beneficiary?

[renee]

Did they use the type of life insure that pays into stock market?

[curtrn]

I'm very sure the premiums are so high now that this is no longer true. Actuaries for insurance companies set premiums so they win not the consumer !

[PMSO.]

This is great info except you want to consider a non-grantor, irrevocable, complex, discretionary, trust with a spendthrift clause.

[jamesflynn]

I went to an attorney in Texas about my family’s estate about how to use equity to start a Trust and the attorney told us there’s no need just do a ladybird deed lifetime usage so there’s lots of equity but I don’t know who to go to

[lifewithtashabae]

Amazing break down I was so confused ! Thanks guys !