Wealth Uncensored

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Join me every week on Wealth Uncensored, where I share what I’ve learned through my own experience and two decades of helping high-net-worth clients structure their affairs to minimize taxes and protect their assets for the next generation.

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Monday Nov 27, 2023

Beyond Set up the Real Costs of Trusts and Foundations

Monday Nov 27, 2023

Welcome to another episode of Wealth Uncensored. Host Jimmy Sexton explores the complexities of trust and foundation structures, highlighting their benefits and ongoing costs. He emphasizes the need for careful financial consideration before committing to these structures, stressing the importance of assessing individual financial viability. Sexton urges listeners to discuss these implications with advisors before deciding.

Chapter Summaries;

(0:00:35) - Introduction to Trusts and Foundations

(0:01:00) - Understanding the Complexity and Costs of Trusts and Foundations

(0:01:33) - The Realities of Running a Trust or Foundation

(0:01:58) - The Benefits of Trusts and Foundations

(0:02:25) - The Financial Implications of Trusts and Foundations

(0:04:19) - Determining the Financial Viability of a Trust or Foundation

(0:05:07) - Exceptions and Special Cases for Trusts and Foundations

(0:05:56) - The Importance of Careful Consideration Before Setting Up a Trust or Foundation

(0:06:19) - Recap and Conclusion

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