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.
Absolutely! A trust isn’t just for the wealthy-it’s about control and protection. If you don’t have a proper trust in place, your assets might go through probate, which can be costly and time-consuming. Plus, it’s a safeguard against lawsuits and creditors.
I had no idea a trust could do so much. I’ve been managing my finances myself, but I’m afraid of making costly mistakes. I’ve heard horror stories of families losing wealth due to poor planning.
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.
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.
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.
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.😮
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.
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.
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.
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. 💯
@@flattery1111 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.
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.
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?
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?
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?
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.
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.
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
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.
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. 🇵🇷
I've been stuck in analysis paralysis over my blueprint forward through the trust process and this video just gave me some clarity. Thanks!
Immediately subscribed. Probably the best video on youtube I've ever seen. few explain this phased approach so well. . Genius
Stellar Breakdown Karlton
Absolutely! A trust isn’t just for the wealthy-it’s about control and protection. If you don’t have a proper trust in place, your assets might go through probate, which can be costly and time-consuming. Plus, it’s a safeguard against lawsuits and creditors.
I had no idea a trust could do so much. I’ve been managing my finances myself, but I’m afraid of making costly mistakes. I’ve heard horror stories of families losing wealth due to poor planning.
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?
Edits is crazy.. thanks for the gems
I love the honesty in this video
This video is PURE GOLD brother! Thank you for this solid advice!
Nailed it with income first!
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?
Watching this AGAIN then have to figure out owning my first rental property! Thank you for the valuable information! ❤
i need the replay for the training!!!!!!
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.
Thank you for this video. I sent it to my mom who has been considering to set up a trust for a while now.
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.
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 😂
Bravo young man. Very down to the point. Thank You.
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.😮
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 needed this. Thank you!
Props. I was putting the cart before the horse.
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.
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.
This is the second time I’m watching this video, and definitely 💯 not the last. Thanks
Great explanation Karlton
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.
Thank you for sharing your professional wisdom, kudos!
How would you address the new changes to Trusts in March 2023 that affects the taxability?
Thank You!!!!! Most Honest I heard
great video, phenomenal presentation
Thank you Karlton…. Well needed information…… I now see that I am no where near getting a Trust. Thank you for the knowledge ❤
Beautiful straightforward and uncomplicated explanantion. TY!
Great job and well said. Thank you!
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.
great work Karlton!
Do you use the locks on all doors or just one.?
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. 💯
@@flattery1111 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?
Yes ... brother you're providing a quite noble service. I love it. Thank You
Thanks for this valuable information 🙏🏽🙏🏽🙏🏽
Karlton you're the man, the value you provide is unmatched!
Wow great info. Make the money then worry about it, get busy!
SO TRUE
SECURE THE BAG 1ST
I ❤ YOU! Thanks for the wealth of info you share so transparently!
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.
I believe that was sound information 👍🏾
Love your videos so easy to understand
Thank You For This Information 💚💚💚💚🦅🦅🦅🦅
A Blessed Message...Appreciate your, insight, Bro... GOD BLESS!!
This is amazing! Thank you
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.
very realistic. Thanks, I found this video at a great time. Good work!!!
Thank you!
Karlton karlton karlton...you are The MAN
Video starts at 6:20
Watched 10 seconds and SUBSCRIBED
Thank you for this information,
Love this guy 💖
Thank you
I absolutely love your channel and information
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
The best I’ve heard so far!
Another great video Karlton!!
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?
is there anything with trusts that cover digital assets?
Thanks man just started my first two LLCs. Trying to setup everything now doing the right things in “PHASES.”
Simplify! Word!
Nice Ad!
The rich stay rich… real estate, life insurance policies, stock market…
Thank you Mr Dennis! 💯👍🏾👍🏾 Stay blessed.🙏🏾
Bro, you brought the sauce 👊🏿
Loved these explanations. Subscribed!
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!
Thank u for ur service soldier 🫶🏽
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?
RLT,
Estate planning structure,
Asset reallocation,
Estate planning strategy,
WOw. Thanks. Direct to the point. Must take care of Phase 1.......I subscribed...
How about explaining why to us a UCC-1
Thank you
Can do a video on the Nevis trusts
🔥🔥🔥
Thank-you so much for this information, Mr. Dennis!
*This has been very eye opening. Thanks fam 💪🏽*
Great video!👏🏿👏🏿🔥🔥💥💥❤️❤️
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.
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.
It's videos like this that make it worthwhile to follow you. I appreciate what you do. 💎💎💎
This video is great. This is so important to remember.
Wow!!! This is good!!!
How does this work with the new IRS laws that nullify trusts for inheritance purposes?
Thank you Karlton ❤
thank you!!
Awesome information!
Thank you.
Is this possible also in the 🇬🇧?
Super helpful!