Hope you guys enjoy this one! If you haven’t purchased your ticket yet, I’d recommend signing up now for the Tax Free Wealth Event! We will go over exactly how to make sure your LLCs and Trust structure is setup for maximizing tax savings and remaining anonymous! See you there! . www.thetaxfreewealthchallenge.com/join-thechallenge
This was awesome Karlton. I'm glad you emphasized at the beginning that if you don't have steady, stable income with 6-9 months in reserves, you need to get that taken care of first. I'm 55 and I am just now learning this stuff and honestly, I'm pissed off at myself for not getting a handle on this 20-30 years ago.
You are the first person that talks sense, most people jumps straight into establishing a Trust and Holding Company, spending, not investing, money. Like we say in South Africa, "gat oor kop" approach. Andre.
Law Depot has a basic Revocable living Trust for $39. You can add other element and pay $99. With real estate, you will never "own" it unless you pay cash. if you take out a loan, you are a Tenant and the security (Mortgage) will be sold thousands of times. Reclaim it from the Indenture Trust.
When they say "you will own nothing" This is what they DON'T want you to know. They want you to _actually_ have nothing, but rent and rely on subscriptions. Meanwhile THEY "own nothing" so that if you sue them you get maybe a pad of sticky notes and a toothbrush, while they area beneficiaries of a trust which itself owns all the stuff the really care about (house, car, even ownership/stock in companies)
MOST PEOPLE THINK THEY OWN THINGS NOW BUT..........ONLY IF YOUR DEED TO UR PROPERTY HAS ZERO ERRORS AND FILLED OUT CORRECTLY NAMD HAVE THE MANUFACTURER TITLE TO UR CAR....IF U HAVE CERTIFICATE OF TITLE THE STATE OWNS THEM N YOU PAY TAXES IN IT......CHECK OUT DAVID STRAIGHT ASAP
The revocable living trust can help centralize and manage assets, but generally won't provide any asset protection or creditor protection benefits. Why? Because the trust is revocable, the person creating the trust generally can access all of the assets in the trust, and if the person creating the trust can access the assets, then their creditors can too.
@@timekaschannel It generally won't change anything. If you put assets in trust for yourself, whether revocable or irrevocable, you won't get much, if any, asset protection. But an irrevocable trust can trigger some significant (if unintended) estate and gift tax consequences.
That’s why the only trust structure that is the most advantageous and checks Every box is a irrevocable complex discretionary non-grantor spendthrift trust. That is the only structure on earth that checks every box and that gives you complete control now when you die, and be on the grave.
@@ryderscottmc92 There is no one-size fits all trust. An irrevocable trust will likely trigger estate and gift tax consequences. And when it comes to asset protection, if you set up the trust for your own benefit, you are unlikely to get any protection from a self-settled trust. Here in Texas, a self-settled trust has zero protection from creditors' claims, even if it's irrevocable, discretionary, or spendthrift.
Florida does not have Estate Tax. Just so y'all know. DR-312. I'm an estate planning/probate legal Assistant at a title company run by a real estate attorney.
Good Job Karlton Now Expand Your Operations My Friend I Started My LLC In January And Opened My Corporate Bank Account WZEOWL Investments LLC Today At City Bank And Trust Usings Your Business Structure Thank You Karlton Now I Have A Gift For You Your Retirement.😮
I love it how all those videos talk about estate planning and protection. As if single people who don't care what happens after death but don't want to be bankrupted by a hospital judgment don't even exist.
Ok I do not have the asset of at least 1 million you’re talking about, what little I have I want to protect. Can I put them in a trust and how can I do a trust myself without having to pay tons of money in legal fees?
Do NOT wait until you have $1 million plus dollars to start setting up a trust. Your beneficiaries are going to have a unnecessarily hard time receiving their inheritance if you get unalived on your way to try and reach that point. I say set up at least one revocable living trust after $10k and gradually add assets to that trust as soon as you attain them. At least they’ll be protected from probate and and any fees the state will place on your estate after you pass.
@@johnsondavies2029 since RUclips started acting like a complete ass and censoring everything. They don’t believe in freedom of speech and at this point damn near everything is offensive to them. The owners are very un-American.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market
Grateful for this video and this is my second time watching it! Phase 1 confirms my sentiments that you need to have various forms of income operating and stable annually for a number of years to consider buying and tying them up to assets. The second one is that this speaks into basic book keeping and financial accounting to see where you are financially to think about your next move.
Take your money offshore and put it in a jurisdiction that does not recognize judgements from other countries and makes it very difficult to challenge in that country's courts. This would include a scenario where a US judge interprets a prenup in a manner not beneficial to you , despite whatever comfort you lawyer provided you when you paid him or her to negotiate that prenup.
@@who_is_disChildren deserve to have a father who lives in the home, and see daily love shown to their mother as a wife and a father who actively supports their upbringing. Only poor men who fear the responsibility of a family think the way you do. 💯
@@HoneyBunches100 your scenario only works if that woman is worth the time. He is speaking to the trend of divorces in the last 25 years which overwhelmingly rob men of previously owned property and assets but also hamstrings their potential moving forward all on the whim of some other person. The trend continues to the end that you have 50/50 odds to ruin your life. It is a literal coin flip, in terms of odds, to seriously harm oneself. Think; would you take those odds? Given that set up; would you flip the coin?
Karlton, great video. I just wish we'd discovered it, before setting up our current trust and estate planning. I trust our attorney, but still don't fully understand all the documents we've created and how to apply them. I hope you will be delving into more details about how trusts work and how to use them to protect and pass on what we have earned and accumulated. Thanks, again from a new subscriber. 🤙Aloha.
It's like learning how cars work so when you go to a mechanic you know what questions to ask & when you are getting scammed. Have fun on your journey learning.
Going by your logic, there’s no way to avoid filing your business with your name and SSN attached to it. But there is. You can literally create an LLC and put that it’s owned by the trust. Not attaching your name to the process whatsoever. Do your research people. The CT Act date is closing in fast.
You are too much knowlegable and willing to share what you know.Thank you for all your videos,they have truly helped me too much know what i never knew MAY GOD BLESS YOU SIR.
Take your money offshore and put it in a jurisdiction that does not recognize judgements from other countries and makes it very difficult to challenge in that country's courts. This would include a scenario where a US judge interprets a prenup in a manner not beneficial to you , despite whatever comfort you lawyer provided you when you paid him or her to negotiate that prenup.
One must remember that government can only control what it creates. It does not create property nor does it create men and women. It creates things, such as entities. When you volunteer to use an entity you volunteer to have government control you and your property. Learning the laws and how courts work rather than using entities in your life will fee you from the chains you have no clue that exist on you. AmericanJurisprudence should be in every home
Keep in mind that in March of this year, the IRS changed the rules considerably regarding irrevocable trusts. To a large degree, placing your assets in a trust with your children no longer protects from taxes upon you death the way it used to.
@randycarstens1100 Agreed, but for now it's something that at least needs to be considered. We know how much they love stupid legislating on both sides. I trust Washington about as much as I trust a wet fart. And for the same reason.
Ewe cliché clone huemans programmed backwards are fixed ribosome waiting for corrupted mRNA data programming to copy paste transmit the data given...👁️
The big thing used to be FLP (family limited partnerships) and charitable remainder trusts, as of 30 years ago. How about now and an update on this structures, especially if one is single.
Thank you for this information. It was refreshing to hear. I need to acquire an income stream first, start accumulating assets before I start the trust. My game plan was saving first for a cook island trust so I’m ready to put the assets into the trust right away. I was definitely putting the cart before the horse. However, having the trust first will allow be to put the crypto currency account under the trust’s name so I can buy the properties, personal items, car, under the trust.
If a house isn't under your name, it's under an LLC which is under a trust, in Canada, a self benefits trust can have principal residence exemption no? But not a house under corporation. If the corporation is under the self benefits trust, do you get PRE when you sell?
So, if the rental property is in the trust and a tenant sues...they’d be suing the trust? What if other assets are in the trust and the suit is able to affect it? Or, is it the type of trust?
I was told and read this administration has done away with being able to do this earlier this year. It's going to wreck the financial plans of families living under trusts for rhe past 50 years. I'm not an expert so there are probably loopholes I'd love to learn more about. I'm glad I found this channel
@@godnestgodest6265 Facts Matter with Roman just had a show about it - basically if your grandmother bought a house for $40,000, and you obtain that house via an estate = you get to pay the unrealized capital gains based upon present day value of that house. So that forces a 1031 exchange but I'm not sure if those are even possible anymore either.... DADDY Gov't has a war to pay for - while - simultaneously "caring "about climate change because tanks are electric powered remember ;-)
I believe this is specific to certain types of irrevocable trusts, which exist as an independent tax entity. A revocable living trust is a transparent / disregarded entity for tax purposes, with taxation happening under the grantor’s 1040.
Question, can a trust be set up to hide small assets even if you don’t have real estate or $2 million dollars? My bank account was just just levied by a creditor for a debt that went into collections in 2007. I had no idea a creditor could do this. I hired an attorney and discovered in the state of TN there is no statutes of limitations and all they have to do is reissue a judgement every ten years. The original debt was $1000 and they say that due to interest I owe them $11,000. They managed to get $4,000 out of my account but my attorney said they may continue to come after me unless I can get them to settle and so far we aren’t getting anywhere with them. On settling. I’m single and don’t make a lot of money. The money they took was my emergency fund and it’s created a whole storm of issues in my life. How can I prevent this from happening again?
Take the hit. Settle for a repayment plan. Like $5 a month. Take cash out of bank right away. buy gold silver crypto . They have to accept payment plans. Find companies that specialise in negotiation debt payments. They negotiate on your behalf. Now it’s time you wake up and pay attention. Study study study the system and how to get out of it. just remember. Spend your life study the system. You can not be free today. But years from now it’s possible.
4:57 That's the hardest thing.i don't know how to acquire assets.i built my credit score up to 797.(i also dropped it down to 740 by going on a credit card app spree this month.)(6 new credit cards in 2 months.)But my score will go back up in 6 months to 2 years with on time payments.the question is how do i buy and stack assets right now? How far does $50,000 go right now?and i also have to find another job.What does a person in my position do?
Thank you for breaking it down for us beginners. I was torn between the two but you answered my questions-simple. To those who feel like this is too basic feel free to find another channel & keep your rudeness to yourself.
Is your Tax Free Wealth Event a virtual or in-person program? If in-person, where must one go to attend? Thank you. You are a very clear and articulate communicator.
I want have a trust own all my assets (primarily LLCs and crypto) while I anonymously control the trust. The trust pay it’s own income tax liability (pass through from the LLCs/crypto gains). And my name and SSN never associated with the trust or documented anywhere. I just want to legally control my assets without owning them, and not a single corporation, nor government be able to associate me with the trust. Is this possible?
Hope you guys enjoy this one! If you haven’t purchased your ticket yet, I’d recommend signing up now for the Tax Free Wealth Event! We will go over exactly how to make sure your LLCs and Trust structure is setup for maximizing tax savings and remaining anonymous! See you there! . www.thetaxfreewealthchallenge.com/join-thechallenge
I need your help
What is your official title in the industry?
This was awesome Karlton. I'm glad you emphasized at the beginning that if you don't have steady, stable income with 6-9 months in reserves, you need to get that taken care of first. I'm 55 and I am just now learning this stuff and honestly, I'm pissed off at myself for not getting a handle on this 20-30 years ago.
You are the goat
@@justingarcia6328#MVP
My brother. You don't even know the love and tools you have given me and my Familia.
Many blessings to you and your Family. 🇵🇷
Article I Section 10 Clause 1: No State shall pass any law impairing the Obligation of Contracts.
Key take aways, be structured before you start the structure.
What does that entail?
You are the first person that talks sense, most people jumps straight into establishing a Trust and Holding Company, spending, not investing, money. Like we say in South Africa, "gat oor kop" approach. Andre.
I've been stuck in analysis paralysis over my blueprint forward through the trust process and this video just gave me some clarity. Thanks!
Law Depot has a basic Revocable living Trust for $39. You can add other element and pay $99. With real estate, you will never "own" it unless you pay cash. if you take out a loan, you are a Tenant and the security (Mortgage) will be sold thousands of times. Reclaim it from the Indenture Trust.
Until all are free, this is the way.
Or someone squats in your house
You’ll never own anything without the allodial title. Until you have that… the government owns it
You can't pay cash and own land, either...
You have to get the Allodial title via the land patent. That's the only way to ever own land.
When they say "you will own nothing" This is what they DON'T want you to know. They want you to _actually_ have nothing, but rent and rely on subscriptions. Meanwhile THEY "own nothing" so that if you sue them you get maybe a pad of sticky notes and a toothbrush, while they area beneficiaries of a trust which itself owns all the stuff the really care about (house, car, even ownership/stock in companies)
It is always about the money
Factz
They want this to easier control people,think about it
MOST PEOPLE THINK THEY OWN THINGS NOW BUT..........ONLY IF YOUR DEED TO UR PROPERTY HAS ZERO ERRORS AND FILLED OUT CORRECTLY NAMD HAVE THE MANUFACTURER TITLE TO UR CAR....IF U HAVE CERTIFICATE OF TITLE THE STATE OWNS THEM N YOU PAY TAXES IN IT......CHECK OUT DAVID STRAIGHT ASAP
So what's the problem?
The revocable living trust can help centralize and manage assets, but generally won't provide any asset protection or creditor protection benefits. Why? Because the trust is revocable, the person creating the trust generally can access all of the assets in the trust, and if the person creating the trust can access the assets, then their creditors can too.
Makes sense. So, I guess this is why creating a irrevocable trust is recommended.
@@timekaschannel It generally won't change anything. If you put assets in trust for yourself, whether revocable or irrevocable, you won't get much, if any, asset protection.
But an irrevocable trust can trigger some significant (if unintended) estate and gift tax consequences.
That’s why the only trust structure that is the most advantageous and checks Every box is a irrevocable complex discretionary non-grantor spendthrift trust. That is the only structure on earth that checks every box and that gives you complete control now when you die, and be on the grave.
@@ryderscottmc92 There is no one-size fits all trust. An irrevocable trust will likely trigger estate and gift tax consequences. And when it comes to asset protection, if you set up the trust for your own benefit, you are unlikely to get any protection from a self-settled trust. Here in Texas, a self-settled trust has zero protection from creditors' claims, even if it's irrevocable, discretionary, or spendthrift.
So what is the benefits of putting assets in a llc compared to a trust?
Florida does not have Estate Tax. Just so y'all know. DR-312. I'm an estate planning/probate legal Assistant at a title company run by a real estate attorney.
Good Job Karlton Now Expand Your Operations My Friend I Started My LLC In January And Opened My Corporate Bank Account WZEOWL Investments LLC Today At City Bank And Trust Usings Your Business Structure Thank You Karlton Now I Have A Gift For You Your Retirement.😮
Immediately subscribed. Probably the best video on youtube I've ever seen. few explain this phased approach so well. . Genius
This video is PURE GOLD brother! Thank you for this solid advice!
I love it how all those videos talk about estate planning and protection. As if single people who don't care what happens after death but don't want to be bankrupted by a hospital judgment don't even exist.
I have a financial Planning practice in NY and NJ for over 25 years and agree. Great job...
Would you do anything different
I will be giving you a call to discuss my financials sir.
@@TCB2023. Yes, he would charge you for this information 😂
Watching this AGAIN then have to figure out owning my first rental property! Thank you for the valuable information! ❤
Ok I do not have the asset of at least 1 million you’re talking about, what little I have I want to protect. Can I put them in a trust and how can I do a trust myself without having to pay tons of money in legal fees?
How would you address the new changes to Trusts in March 2023 that affects the taxability?
Do NOT wait until you have $1 million plus dollars to start setting up a trust. Your beneficiaries are going to have a unnecessarily hard time receiving their inheritance if you get unalived on your way to try and reach that point. I say set up at least one revocable living trust after $10k and gradually add assets to that trust as soon as you attain them. At least they’ll be protected from probate and and any fees the state will place on your estate after you pass.
Unalive? When did we stop saying DEAD 😮?
@@johnsondavies2029 since RUclips started acting like a complete ass and censoring everything. They don’t believe in freedom of speech and at this point damn near everything is offensive to them. The owners are very un-American.
@@johnsondavies2029comment might get flagged using certain words
RUclips will automatically delete comments with certain words 🤦♂️ even if it's not profanity.
Welcome to the age of censorship. Now you know why free speech is so important.
Stellar Breakdown Karlton
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market
I’m a retired soldier from the 101st Airborne Division, but I think I just fell in love with this man! Thank you for not being full of sh*t!
I read this as retired toddler lol
@@fathimamuhammad3799 that's very impressive! You don't see many toddlers with a retirement, let alone a job!
Grateful for this video and this is my second time watching it! Phase 1 confirms my sentiments that you need to have various forms of income operating and stable annually for a number of years to consider buying and tying them up to assets. The second one is that this speaks into basic book keeping and financial accounting to see where you are financially to think about your next move.
Thank you so much Karlton, your channel is THE GEM! Hope one day be able to service you back my brother. Best wishes to you and your loved ones.
Take your money offshore and put it in a jurisdiction that does not recognize judgements from other countries and makes it very difficult to challenge in that country's courts. This would include a scenario where a US judge interprets a prenup in a manner not beneficial to you , despite whatever comfort you lawyer provided you when you paid him or her to negotiate that prenup.
Or just don't get married.
@@who_is_disand what happens to your money if youre never married. What is your plan with asset accumulation
Check out Nevis
@@who_is_disChildren deserve to have a father who lives in the home, and see daily love shown to their mother as a wife and a father who actively supports their upbringing. Only poor men who fear the responsibility of a family think the way you do. 💯
@@HoneyBunches100 your scenario only works if that woman is worth the time. He is speaking to the trend of divorces in the last 25 years which overwhelmingly rob men of previously owned property and assets but also hamstrings their potential moving forward all on the whim of some other person.
The trend continues to the end that you have 50/50 odds to ruin your life. It is a literal coin flip, in terms of odds, to seriously harm oneself.
Think; would you take those odds? Given that set up; would you flip the coin?
Thank you for this video. I sent it to my mom who has been considering to set up a trust for a while now.
Thank you so kindly for the simplicity of it all. Priceless!!!....
Karlton, you have really simplified the strategies of asset protection and allocation constructs.
I love the honesty in this video
Bravo young man. Very down to the point. Thank You.
i need the replay for the training!!!!!!
Karlton, great video. I just wish we'd discovered it, before setting up our current trust and estate planning. I trust our attorney, but still don't fully understand all the documents we've created and how to apply them. I hope you will be delving into more details about how trusts work and how to use them to protect and pass on what we have earned and accumulated. Thanks, again from a new subscriber. 🤙Aloha.
It's like learning how cars work so when you go to a mechanic you know what questions to ask & when you are getting scammed.
Have fun on your journey learning.
Going by your logic, there’s no way to avoid filing your business with your name and SSN attached to it. But there is. You can literally create an LLC and put that it’s owned by the trust. Not attaching your name to the process whatsoever. Do your research people. The CT Act date is closing in fast.
The rich stay rich… real estate, life insurance policies, stock market…
Nailed it with income first!
You are too much knowlegable and willing to share what you know.Thank you for all your videos,they have truly helped me too much know what i never knew MAY GOD BLESS YOU SIR.
Karlton you're the man, the value you provide is unmatched!
This is the second time I’m watching this video, and definitely 💯 not the last. Thanks
My three favorite channels: Karlton Dennis, Stock Brotha, & Richard Fain. Make my week complete!
For sure! Stock brotha is new to me but definitely been rocking with Richard for years
Great recommendations!
Add some Crypto to the mix, Lark Davis and Digital Asset News 👍
Take your money offshore and put it in a jurisdiction that does not recognize judgements from other countries and makes it very difficult to challenge in that country's courts. This would include a scenario where a US judge interprets a prenup in a manner not beneficial to you , despite whatever comfort you lawyer provided you when you paid him or her to negotiate that prenup.
One must remember that government can only control what it creates. It does not create property nor does it create men and women. It creates things, such as entities. When you volunteer to use an entity you volunteer to have government control you and your property. Learning the laws and how courts work rather than using entities in your life will fee you from the chains you have no clue that exist on you. AmericanJurisprudence should be in every home
Thank you Karlton…. Well needed information…… I now see that I am no where near getting a Trust. Thank you for the knowledge ❤
Thank you for sharing your professional wisdom, kudos!
Yes ... brother you're providing a quite noble service. I love it. Thank You
Thank You!!!!! Most Honest I heard
Why do you need real estate when you have dividend paying consumer staple stocks.
Keep in mind that in March of this year, the IRS changed the rules considerably regarding irrevocable trusts. To a large degree, placing your assets in a trust with your children no longer protects from taxes upon you death the way it used to.
True however this is an IRS rules interpretation. Considerably less binding then tax law legislation. It will surely be challenged.
@randycarstens1100 Agreed, but for now it's something that at least needs to be considered. We know how much they love stupid legislating on both sides. I trust Washington about as much as I trust a wet fart.
And for the same reason.
The trust is still under contract law, so any new laws made by the IRS doesn't hold weight.
Ewe cliché clone huemans programmed backwards are fixed ribosome waiting for corrupted mRNA data programming to copy paste transmit the data given...👁️
Beautiful straightforward and uncomplicated explanantion. TY!
The big thing used to be FLP (family limited partnerships) and charitable remainder trusts, as of 30 years ago. How about now and an update on this structures, especially if one is single.
Great explanation Karlton
Can you still take advantage of the tax benefits from rental real estate through Trusts?
I ❤ YOU! Thanks for the wealth of info you share so transparently!
How does this work with the new IRS laws that nullify trusts for inheritance purposes?
Props. I was putting the cart before the horse.
Thank you for this information. It was refreshing to hear. I need to acquire an income stream first, start accumulating assets before I start the trust. My game plan was saving first for a cook island trust so I’m ready to put the assets into the trust right away. I was definitely putting the cart before the horse. However, having the trust first will allow be to put the crypto currency account under the trust’s name so I can buy the properties, personal items, car, under the trust.
If a house isn't under your name, it's under an LLC which is under a trust, in Canada, a self benefits trust can have principal residence exemption no? But not a house under corporation. If the corporation is under the self benefits trust, do you get PRE when you sell?
Thanks man just started my first two LLCs. Trying to setup everything now doing the right things in “PHASES.”
A Blessed Message...Appreciate your, insight, Bro... GOD BLESS!!
Karlton karlton karlton...you are The MAN
Wow great info. Make the money then worry about it, get busy!
I needed this. Thank you!
Thanks for this valuable information 🙏🏽🙏🏽🙏🏽
So, if the rental property is in the trust and a tenant sues...they’d be suing the trust? What if other assets are in the trust and the suit is able to affect it? Or, is it the type of trust?
great video, phenomenal presentation
The rules on trusts have changed. Inheritance is taxable now.
It's videos like this that make it worthwhile to follow you. I appreciate what you do. 💎💎💎
The real KD dropping knowledge every time... keep it up my brother
Video starts at 6:20
great work Karlton!
I was told and read this administration has done away with being able to do this earlier this year. It's going to wreck the financial plans of families living under trusts for rhe past 50 years. I'm not an expert so there are probably loopholes I'd love to learn more about. I'm glad I found this channel
That is not true
@@saltychristo3424 What is the truth?
very realistic. Thanks, I found this video at a great time. Good work!!!
Please can you create a UK structural engineered version of your excellent videos that's relevant to the UK audience?
So I would need to allow for taxes to be taken out at what monthly or yearly intervals in real time so I'm ahead of the game if I were to pass away?
One problem: the IRS recently changed the rules when it comes to trusts and capital gains
What are the changes
@@godnestgodest6265 Facts Matter with Roman just had a show about it - basically if your grandmother bought a house for $40,000, and you obtain that house via an estate = you get to pay the unrealized capital gains based upon present day value of that house. So that forces a 1031 exchange but I'm not sure if those are even possible anymore either.... DADDY Gov't has a war to pay for - while - simultaneously "caring "about climate change because tanks are electric powered remember ;-)
I believe this is specific to certain types of irrevocable trusts, which exist as an independent tax entity. A revocable living trust is a transparent / disregarded entity for tax purposes, with taxation happening under the grantor’s 1040.
The Democrats have been talking about this but I'm not sure anything has actually changed
Question, can a trust be set up to hide small assets even if you don’t have real estate or $2 million dollars? My bank account was just just levied by a creditor for a debt that went into collections in 2007. I had no idea a creditor could do this. I hired an attorney and discovered in the state of TN there is no statutes of limitations and all they have to do is reissue a judgement every ten years. The original debt was $1000 and they say that due to interest I owe them $11,000. They managed to get $4,000 out of my account but my attorney said they may continue to come after me unless I can get them to settle and so far we aren’t getting anywhere with them. On settling. I’m single and don’t make a lot of money. The money they took was my emergency fund and it’s created a whole storm of issues in my life. How can I prevent this from happening again?
Take the hit. Settle for a repayment plan. Like $5 a month. Take cash out of bank right away. buy gold silver crypto .
They have to accept payment plans. Find companies that specialise in negotiation debt payments. They negotiate on your behalf.
Now it’s time you wake up and pay attention. Study study study the system and how to get out of it. just remember. Spend your life study the system. You can not be free today. But years from now it’s possible.
Wait till you find out you don’t have to pay collections and can sue them for breaking the law. Look up credit bullies.
Write up your own promissory note and effect payment. Negotiable instruments law
@@AntoninusPius17where could I start studying the Trust ?
How is it that we can claim depreciation on real estate while at the same time its value is appreciating? Isn't that self contradictory?
Karlton dropping Jewels. Thanks for the information my brother. Just gained a subscriber.
No actually structuring your business is more important than getting the bag.
How about explaining why to us a UCC-1
Edits is crazy.. thanks for the gems
The best I’ve heard so far!
Thank-you so much for this information, Mr. Dennis!
Thank you Mr Dennis! 💯👍🏾👍🏾 Stay blessed.🙏🏾
Awesome im 34 and i have about 1 million in assets right now and was curious about this
I need help with a quitclaim in Florida, bought rental property before LLC and. Ow need to switch. Still have mortgage. Any advice on Lawyers?
Hey Karlton I'm new to your channel, how realistic and important are fiduciary and can you explain how helpful it is to have?
I absolutely love your channel and information
But what about the CORPORATE TRANSPARENCY LAW that's coming up in 2024??
Can you make s video on that? It would really help your base!! ✊🔥️🔥️🔥
4:57
That's the hardest thing.i don't know how to acquire assets.i built my credit score up to 797.(i also dropped it down to 740 by going on a credit card app spree this month.)(6 new credit cards in 2 months.)But my score will go back up in 6 months to 2 years with on time payments.the question is how do i buy and stack assets right now? How far does $50,000 go right now?and i also have to find another job.What does a person in my position do?
Thank you for breaking it down for us beginners. I was torn between the two but you answered my questions-simple. To those who feel like this is too basic feel free to find another channel & keep your rudeness to yourself.
Why would the trust go on forever & the family uses the inventory owned by the trust?
Is your Tax Free Wealth Event a virtual or in-person program? If in-person, where must one go to attend?
Thank you. You are a very clear and articulate communicator.
I want have a trust own all my assets (primarily LLCs and crypto) while I anonymously control the trust. The trust pay it’s own income tax liability (pass through from the LLCs/crypto gains). And my name and SSN never associated with the trust or documented anywhere. I just want to legally control my assets without owning them, and not a single corporation, nor government be able to associate me with the trust. Is this possible?
That's what I'm wondering, I want to separate me from my money but still control my money, especially in case of a divorce
Can you really get a 4x credit YOY from the IRS to your trust based on the funds funneled through your trust?
Watched 10 seconds and SUBSCRIBED
Another great video Karlton!!
I was told that if my businesses are owned my a trust, my trust doesn’t have to pay taxes. How does that work?
This video is great. This is so important to remember.
Bro, you brought the sauce 👊🏿
I believe that was sound information 👍🏾