#005 - Setting Up a Trust

This is for my high-net-worth readers (5mm+) or ultra-high-net-worth ($30mm+) readers.

You probably already know this, so this might apply to recently accredited investors. ($200k annual Income, $2mm+ net-worth).

Get all of your assets and put them under an S-Corp. S-Corps are legal entities that can be litigated so that you are not; it is better than insurance. The cost of this is that you pay tax twice, but with a CPA, you most likely will not pay tax.

After you do this, put the S-Corp under a trust and have the Trust domiciled in a country with favorable laws, Trusts cannot be litigated.
Within a Trust, your assets cannot be taken from you in the event of anything, only tax evasion, but then again, that is why we have CPAs.

I will drop one of these a day; follow for more.