Keeping Life Insurance In A TRUST | GENERATIONAL WEALTH STRATEGY

Explaining the step-by-step process of building generational wealth by placing an overfunded whole life insurance policy in a TRUST. #generationalwealth #wholelifeinsurance #lifeinsurancepolicy

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

[meilyn]

The tax-free savings from life insurance proceeds can be significant enough to be another income source. Wealthy people buy life insurance as a tax strategy. With the right estate planning, the tax savings can be huge and those savings build more wealth.

[hitulinspire]

Thank you so much for democratising the genius and secret of generational wealth

[zinadottonwealthandsuccess]

Excellent you truly explained How a Trust Generated Wealth using Insurance policies on family family members. The Beneficiary Dies and the money is never paid out it stays in the TRUST TO CREATE GENERATIONAL WEALTH

[wealthtube-prime]

Generational wealth:
Most people: 2-3 generations.

Rockefellers: forever.

[Ourlegacygroup]

So here we are. I'm going to be the 900th sub. All because of your work and willingness to share this knowledge. Thank you. I'll be watching.

[MrChief]

That was a better video than previous one I seen. The kids policy can be paid by the Trust. You didn't explain that the trust can grow with investments. I'm looking for a video that shows how the policy is structured. Because the policy (whole life) has a cash value and an insurance split. And depending on how the policy is structured if the insured passes away the beneficiary gets the death benefit, and the Insurance agency gets the cash value. But there's a way in the policy where the beneficiary gets the cash value and the death benefit.

[marcellinodadon]

_...thanks for making it simple..._ ❤...

[tainowelder]

also make it point to make sure ur heirs also study trust law contract n banking laws commerce laws ! public n private laws statutes codes common law n history of money!

[brebaker]

AMEN TO YOU SHARING SUCH VALUABLE INFO, I APPRECIATE ;)

[tainowelder]

ABSOLUTLY!! THAT ROTHSCHILD TRYPE ROYALTY WEALTH !!

[RoderickBishop]

From what I understand about trusts, there is the revocable and irrevocable trusts. One you can modify but will pay taxes and can be pierced, and the other you can't modify easily but won't pay taxes on the estate. In the Rockefeller example or if someone were to do this today, which trust structure accounts for the generational part, benefitting people who aren't born yet?

[DelightfulParakeet-lkiym]

How about someone ripped off in a trust? By their own family members and ex boyfriend. But in turn the people that was ripped off was not who she believed to all her life??? They keep this from her for 63 year's!! And they put a fraught death insurance policy on me !! You are exactly 💯 saying names and people that ripped me off UNBELIEVABLE!! 6:01

[bigggame]

Man I wish I would've known this at least 20 years ago 🤦🏾‍♂️

[GeoffreyPaulThomas]

Great video mate - very interesting, please make more! I am watching from the UK at the moment and I would be interested to know if these stratgies are just as usable over here.

[WWIIPacificHistory]

The trust should also own all the policies in addition to being the beneficiary.

[Strltr]

I feel like there is an elephant in the room. 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?

[smolville]

What the trust company will do is be really nice to the matriarch of the family and visit her. Than when she is on pain meds, they will offer to give control to a local college and the heirs get a pathetic payment plus they have to pay taxes on it.

[worstmonday]

What company do you recommend for whole life and what kind of trust if you have still? The best trust would be one that is not considered net worth or income?

[mrprfct]

I understand that when someone’s passes the money goes to the trust then it’s used to buy more policy’s in the name of the trustees. Rinse and repeat. Are they now borrowing against the policy’s to invest ? What type of insurance/ product did they buy? It won’t be term life for sure.

[MikeAffholder]

So what at what point and how do funds get distributed from the trust to future generations do they just it as a bank, or is there a point in time where they can take distributions from it if there are millions of dollars in there?