Does the inheritance tax apply to my estate if I have an Elite Trust?

Need to know the answer to this question? Watch this short video and learn from Lou different strategies on becoming a successful Street Smart Real Estate Investor

For more valuable information click on this link and watch the complete episode: https://youtu.be/krgxwW2XmBg – “How to Protect Your Wealth from Biden’s Inheritance Tax”

https://www.wealthbuilderworkshop.online

https://www.streetsmartinvestor.com

https://millionairejumpstart.com/

Discover how to start investing in real estate at Millionaire Jumpstart.

* Money Making Secret #1: Getting Motivated Sellers to Call You! No more calling unmotivated sellers and getting rejected more times than a geek for the high school prom!

I’ll show you how for over 28 years, I’ve been able to get deals brought to me and motivated sellers hunting me down to give me their house.

* Money Making Secret #2: The Art of Structuring Deals! I’ve been doing this for 40 years and I love to share how I get sellers to give me the house, a check, and even a jet ski or two.

* Money Making Secret #3: Negotiating Secrets Revealed! I love to negotiate, just ask Matt, one of my hand-picked coaches. We recently went to an estate sale and he witnessed me structuring a deal to buy the house and contents right there on the spot.

* Money Making Secret #4: Trusts Simplified! A little confused on this entire Trust thing? Why to do it? How to do “Subject-To” safely? I’m going to show you my new fundamentals of Trusts training that will simplify the concept of Trusts, so a 9-year-old child can understand it.

* Money Making Secret #5: Develop a Plan for Success in Real Estate. The wealthiest man ever to walk the earth left clues for us on how he amassed his great wealth and kept it.

How to Help People While Helping Yourself – Become a Certified Affordable Housing Provider™

Create Your 10 Million Dollar Retirement Plan – specific formula revealed

Learn Hidden Profits Available in ANY Deal – worth thousand$

How to Take Over the Seller’s Loan with NO Money

How to Have the Seller PAY YOU to Buy Their Home – no kidding!

Buying Without Bank Loans – over forty years and never one bank loan!!

Easy Ways to LEGALLY Raise Big Money for Your Deals

Renovations – Quick Ways to Safely Make Huge Cash Now

Money-Making Management Secrets from a 40 year veteran who manages over 150 now

Accelerating Your Cash Flow – Add built-in “Profit Centers” – extra hundred$ per month

Case Studies: Secrets of How They Were Found, Negotiated and Sold

How to Protect Your Deal from Someone Else Stealing it

Legally Pay ZERO Taxes on Your Real Estate Portfolio – simple structure worth thousands

Having Tenants Leave Your Property in Better Condition than When You Gave It to Them

Why Land and Personal Property Trusts are the Best Privacy and Asset Protection

Benefits of Trusts You Cannot Get With ANY Other Entity

The Due-on-Sale Clause – What it is and How to Avoid it Legally

And MUCH More

Attend this power-packed “one-of-a-kind” best of the best training on making money in real estate investing!

Call 1-800-578-8580

Listen to our Podcast:

https://streetsmart.mypodcastworld.com/11210/elite-trust-inheritance-tax-lou-brown

Scott Paton:

JB asked a really good question. I think he has an Elite Trust. Do any of these taxes apply to my estate if I have an Elite Trust?

Lou Brown:

No. What happens is that when you sell whatever assets you have to trust you’re selling them at your basis in those assets. So, there’s no taxable event for those to be purchased by the trust. And the trust gives back a note to you. So, if you ever needed to have some money outside of the trust, then you could simply ask the trust to pay you for that note that the trust owes you. So, that’s one way that you can get money out of the trust is simply have a note outside the trust, but inside the trust, the trust can make as much money as the trust can make, basically through the sale of those assets, through the use of those assets, through the renting of those assets, that kind of thing, and the benefits remain inside the trust. So, if they have taken advantage again of the tax code, and this is in the tax code in the six hundreds part of the tax code, I was telling you about earlier that allows for these assets to be able to pass and allows for the funds in that trust to be able to continue and pay its bills and what have you, without there being a taxable event.