Irrevocable Trusts Explained: How They Work, Types, and Uses
Irrevocable Trusts Explained: How They Work, Types, and Uses
3 months ago
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A lot of people establish trusts for tax advantages and privacy. Revocable trusts are more common, have no tax advantages and no privacy. If a person wants privacy and tax advantages then a revocable trust is the wrong solution because if they are sued or audited their trust will not be treated as a “Separate Legal Entity” it will be treated and taxed as Them. You, as a person, are a “legal entity” #ownnothingcontroleverything #millionairementor #bussinessowner #businessman #businesstaxes #busin
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