5 Secrets of Family Estate Planning
Elite families have known how to protect their assets for thousands of years
It’s about time you people caught up
THREAD
Elite families have known how to protect their assets for thousands of years
It’s about time you people caught up
THREAD
What is a Trust?
Officially:
“A trust is a private, legal arrangement in which assets are held by trustees for a beneficiary”
It’s basically a place for wealthy people to store assets so that Caesar can’t get his grubby little hands on them when they die
Officially:
“A trust is a private, legal arrangement in which assets are held by trustees for a beneficiary”
It’s basically a place for wealthy people to store assets so that Caesar can’t get his grubby little hands on them when they die
How much does it cost to set up a trust?
It’s about £4k to set up a lifetime trust in the UK
So it’s not cheap
BUT
This will help your children avoid paying 40% inheritance tax on your estate
So you can see why it’s such a good investment
It’s about £4k to set up a lifetime trust in the UK
So it’s not cheap
BUT
This will help your children avoid paying 40% inheritance tax on your estate
So you can see why it’s such a good investment
If you have a mortgage free house when u die
& leave it to your kids
they have to pay a 40% tax on it
Forty bloody percent
& if they don’t have that massive chunk of cash lying around?
they are forced to sell your mortgage free house
& then buy a new house with a new… https://t.co/Wj306vZacctwitter.com/i/web/status/1…
& leave it to your kids
they have to pay a 40% tax on it
Forty bloody percent
& if they don’t have that massive chunk of cash lying around?
they are forced to sell your mortgage free house
& then buy a new house with a new… https://t.co/Wj306vZacctwitter.com/i/web/status/1…
Secret 1:
NEVER gift property to your children
(or put them on the deed of your principal residence for any reason)
Why?
Firstly, it could easily trigger a capital gains tax event (unless they’re living with you at the time)
& Secondly, if your child gets divorced, goes… https://t.co/7UptYA4CXutwitter.com/i/web/status/1…
NEVER gift property to your children
(or put them on the deed of your principal residence for any reason)
Why?
Firstly, it could easily trigger a capital gains tax event (unless they’re living with you at the time)
& Secondly, if your child gets divorced, goes… https://t.co/7UptYA4CXutwitter.com/i/web/status/1…
Secret 2
Never leave ANYTHING to your partner or children in a will
That’s broke boy behaviour
Instead, put everything into a lifetime trust
& name them beneficiaries
This avoids all inheritance tax if u do it 7 yrs before u die
Talk to your parents about it today
Never leave ANYTHING to your partner or children in a will
That’s broke boy behaviour
Instead, put everything into a lifetime trust
& name them beneficiaries
This avoids all inheritance tax if u do it 7 yrs before u die
Talk to your parents about it today
Secret 3
Never name your family members as the beneficiaries of your life insurance policies
That’s INSANE
Instead, create a life insurance trust
& make sure your life insurance payout goes to the trust
NOT to your spouse or children
(Life insurance trusts are FREE btw)… https://t.co/Fio70ZGAEGtwitter.com/i/web/status/1…
Never name your family members as the beneficiaries of your life insurance policies
That’s INSANE
Instead, create a life insurance trust
& make sure your life insurance payout goes to the trust
NOT to your spouse or children
(Life insurance trusts are FREE btw)… https://t.co/Fio70ZGAEGtwitter.com/i/web/status/1…
Secret 4
NEVER put your partner or children’s names on your bank account
Instead, set up a lasting power of attorney
& name your partner/children as your attorneys
This is a legal document which allows your kids to make decisions that benefit the family, if you lose the… https://t.co/RJw6AuAr9rtwitter.com/i/web/status/1…
NEVER put your partner or children’s names on your bank account
Instead, set up a lasting power of attorney
& name your partner/children as your attorneys
This is a legal document which allows your kids to make decisions that benefit the family, if you lose the… https://t.co/RJw6AuAr9rtwitter.com/i/web/status/1…
5. Never force your family to go through PROBATE
(The legal process of splitting up assets after a citizen dies)
Your families assets are YOURS
Why would you let the government take them…
& then decide what they think is best to do with them?
Asking for trouble
The family… https://t.co/IKsPoZepr5twitter.com/i/web/status/1…
(The legal process of splitting up assets after a citizen dies)
Your families assets are YOURS
Why would you let the government take them…
& then decide what they think is best to do with them?
Asking for trouble
The family… https://t.co/IKsPoZepr5twitter.com/i/web/status/1…
I shouldn’t tell you this but hell
here’s a free bonus secret for you…
You can set up an OFFSHORE TRUST
As well to help you protect your assets if you get sued
Research “the Cook Islands trust”
& get a specialist attorney
This is useful because courts can force you to… https://t.co/WoCYFR1iIStwitter.com/i/web/status/1…
here’s a free bonus secret for you…
You can set up an OFFSHORE TRUST
As well to help you protect your assets if you get sued
Research “the Cook Islands trust”
& get a specialist attorney
This is useful because courts can force you to… https://t.co/WoCYFR1iIStwitter.com/i/web/status/1…
And that's it chaps
A comprehensive plan to avoid inheritence tax
I'll be sharing more info on this topic on my email list
You're welcome to jump on here
mailchi.mp/3cdfe8641373/b…
A comprehensive plan to avoid inheritence tax
I'll be sharing more info on this topic on my email list
You're welcome to jump on here
mailchi.mp/3cdfe8641373/b…
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