He shares more about the importance of privacy and the types of threats that people with large net worths or businesses are likely to face. As a result of seeing how vulnerable many of his clients were, David created the FlexTrust LLC concept, which he sheds more light on. We learn how it’s similar to a living trust in terms of probate protection as well as how it can be used in conjunction with other asset protection mechanisms and strategies. Importantly, all of the forms of asset protection that David presents are all tax-neutral! While none of these approaches are catch-all solutions, they are great deterrents against any potential harm. To hear more about important tools to add your wealth-building toolkit, be sure to tune in today!
Key Points From This Episode:
He shares more about the importance of privacy and the types of threats that people with large net worths or businesses are likely to face. As a result of seeing how vulnerable many of his clients were, David created the FlexTrust LLC concept, which he sheds more light on. We learn how it’s similar to a living trust in terms of probate protection as well as how it can be used in conjunction with other asset protection mechanisms and strategies. Importantly, all of the forms of asset protection that David presents are all tax-neutral! While none of these approaches are catch-all solutions, they are great deterrents against any potential harm. To hear more about important tools to add your wealth-building toolkit, be sure to tune in today!
Key Points From This Episode: