If I had to guess what subject gets the most questions and the most requests to cover, it would be entity restructuring, asset protection, land trusts and what needs to be done to get started.
In fact, we get so many requests, I decided to cover all of these items and more in a three hour live simulcast. I fielded lots of students’ burning questions throughout the event systematically annihilating all the confusion so many of you have trouble getting answered.
I started with land trusts and covered what they are, why you need them in every state, why it’s foolish not to use them, how easy they are to set up, who should be the trustee, whether the bank can call the loan if you put your house in a trust, why not use LLCs instead, if you need an attorney to help, how they affect your taxes, the costs to set them up, what documents you’ll need, why you don’t have to be a rocket scientist to use them and if they’ll work in your state.
Not only did I cover them in detail, but I sent a copy, to those who registered, of the land trust agreement and the deed to use when placing a home in a trust or when your attorney is doing so.
Then I covered LLC versus C Corp.:
the differences, how they’re taxed, why you should use them, when to use what, how they help reduce your taxes, how to properly take ownership of an entity whether married or single, and how the state you live in may change that.
I showed students how to set up an entity, the costs, how it can drastically reduce your income taxes by properly using it, why entities are so important for asset protection, and why it’s only a matter of time when creditors and predators with good lawyers will take what you have if you don’t learn what I know.
I also covered the stupid advice some estate planning attorneys will give you that could wipe out your entire wealth and how to avoid that ever happening to you. I gave a simple structure almost every family will need for estate planning purposes and why no two are alike, and how to get proper legal advice when building your estate plan.
If you die without one, your entire life’s work will likely not transfer to whom you wish, and the state will take a big bite out of your assets. Simple strategic moves now can eliminate that so you never have to worry about it again and without taxes going to the government.
You’ll learn how the rich people do the same.
I’m not an attorney nor did I render any legal advice, nor did I send anyone a bill. What I gave is a lifetime of experience gained from years of practice as a real estate investor and entrepreneur in multiple businesses and as a teacher who has made more millionaires than one can count.
I am a strong advocate of using attorneys when buying and selling properties and especially when setting up legal entities for estate planning and asset protection. There are some you won’t need an attorney for, such as land trusts, but others you’d be foolish to do without legal assistance.
I explained it all on the simulcast as well.
I only offered to do this simulcast one-time. I said I would not do it again, and true to my word, I won’t. However, there is some good news for you. The simulcast was recorded, and I’m sending you a special offer to receive the entire recording on 2 CDs and all the forms I listed above for only $297.
That’s a steal once you realize the headaches and pain this information will absolutely save you from! Take it from me, and know I’ve made all the mistakes possible, and this is an incredible gift from me to you.