Episode 49: This Estate Planning Tip Could Save Your Family $23,500 in Taxes
Description
Have you ever wondered what happens to your money when you're gone?
Most people think it's simple…
Everything just goes directly to their loved ones, right?
But here's what most people don't realise...
Without proper planning, your hard-earned wealth could end up in the hands of creditors…
… get blown by financially irresponsible family members…
… or disappear in unnecessary taxes.
There's a little-known estate planning tool that can prevent all of this from happening.
It's called a testamentary trust.
In my latest episode of the Women of Wealth podcast, I'm breaking down exactly how this works (and why hardly anyone knows about it), including:
- How one family legally saved $23,500 in tax every single year
- Why leaving money directly to your kids could be the worst mistake you make
- The real-life case I'm working on right now with three young girls whose mother protected their inheritance
- How to shield your legacy from creditors and bankruptcy
- Why minors get special tax treatment that could save your family thousands
And here's the thing...
I've been advising for over three decades.
During that time…
I’ve found that most people have never even heard of testamentary trusts.
Yet?
They're one of the most powerful tools for protecting your wealth and your family's future.
United States
