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I want to teach you guys something the wealthy don't want you to know.
All of the assets that you've worked hard in your life to acquire: your money in the bank, your home, and your business, you're going to establish a personal property trust.
For your business and for your house, you're going to establish a land trust. Now, for your money in the bank, you're going to establish another personal property trust.
Now, even if your home is still financed, you have a mortgage you can still do this. Now, once you have each individual trust established for each one of these your money, your house, and your business, that's when you put the living trust. You're going to establish a living trust as your beneficiary, not yourself. This is a layering strategy.
Then once the living trust is established, that's when you establish yourself as the beneficiary over the living trust, which is the beneficiary over each individual trust of your assets.
This means you own nothing, but control everything. This is a strategy of the very wealthy. They don't teach this in public school. This equals no lawsuits, no liability, and no probate.
Each asset gets its own “bucket,” so liabilities in one bucket don’t spill into another. For example, if your business gets sued, that lawsuit doesn’t automatically touch your house or savings.
All of the assets that you've worked hard in your life to acquire: your money in the bank, your home, and your business, you're going to establish a personal property trust.
For your business and for your house, you're going to establish a land trust. Now, for your money in the bank, you're going to establish another personal property trust.
Now, even if your home is still financed, you have a mortgage you can still do this. Now, once you have each individual trust established for each one of these your money, your house, and your business, that's when you put the living trust. You're going to establish a living trust as your beneficiary, not yourself. This is a layering strategy.
Then once the living trust is established, that's when you establish yourself as the beneficiary over the living trust, which is the beneficiary over each individual trust of your assets.
This means you own nothing, but control everything. This is a strategy of the very wealthy. They don't teach this in public school. This equals no lawsuits, no liability, and no probate.
Each asset gets its own “bucket,” so liabilities in one bucket don’t spill into another. For example, if your business gets sued, that lawsuit doesn’t automatically touch your house or savings.
