Importance of Owning Things Not in Your Name

It's important to consider owning assets or property that are not in your name for a variety of reasons. In this video, we explore the advantages of holding assets in the name of a trust or corporation, including protecting your personal assets from legal liabilities and providing tax benefits. We also discuss the benefits of gifting assets to family members or loved ones and how it can help reduce your taxable estate. Whether you are looking to safeguard your assets or plan for the future, understanding the importance of owning things not in your name can have significant benefits.

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