15 min
Ep. 68 - Tools for Wealth Protection The Art of Winning
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- Entrepreneurship
Join us in this episode as The Art of Winning host, Ashton Levarek, dives into the world of trusts and LLCs and explains how entrepreneurs and business owners can use them to protect their wealth. Ashton gives an in-depth overview of their strategy for protecting assets from legal and financial risks. We'll discuss how to set up trusts, LLCs, and other types of legal structures, what kinds of assets are best to hold in each structure, and how to ensure that creditors cannot seize them after death. We'll also talk about the tax benefits associated with these strategies and any potential risks or pitfalls that may arise. To learn more about Ashton, listeners can visit his website at Valkere Investment Group!
[00:00 - 04:09] Protecting Your Wealth: Understanding the Benefits of Trusts and LLCs
· Ashton explores how you can protect your wealth using trusts and LLCs. · Wealth protection is an essential consideration for entrepreneurs who are focused on growing and scaling their businesses. · Trusts and LLCs are two common strategies for protecting wealth and limiting risk. · It is essential to determine the best strategy for protecting assets, depending on the situation.
[04:09 – 12:38] Protecting Assets and Beneficiaries
· The laws surrounding trust AEs can be complex, and the specific circumstances and jurisdictions can affect how they are used to protect wealth. · Seeking the advice of a financial advisor and an attorney is often recommended to ensure the best steps are taken to protect assets. · LLCs can also provide asset protection by acting as a pass-through entity, allowing profits and tax benefits to pass through to investors. · investment firm LLC can own every LLC that owns each investment property, thereby minimizing the risk of losing the equity in each property. · A personal LLC can be held within a family trust to protect personal assets further. · LLC ownership structures can also protect investors' capital and minimize the risk of losing the equity in each property.
[12:38 – 15:19] Closing Segment
Connect with Ashton at Valkere Investment Group! Connect with Ashton!
Website: Valkere Investment Group
LinkedIn: Valkere Investment Group
Want to learn more about creating multiple streams of income, wealth protection, financial freedom, or real estate investing? Join our investor club, check out our blog, get our free ebook on investing, or join us for our monthly Real Estate Investing Made Simple virtual meetup. Take the first to your wins in life and head on to http://www.valkeregroup.com.
Leave a REVIEW and SHARE this episode with someone who wants to unlock the secrets to success. Listen to other episodes on Apple, Spotify, Libsyn, or wherever you get your podcasts!
Key Quotes
"I may have nothing on paper, but by setting up a trust for my children, I can protect them from going through probate and dealing with creditors after my passing. It is all for the benefit of my kids. It's the way we like to do business, to protect ourselves and set our kids up for the future." –Ashton Levarek
Join us in this episode as The Art of Winning host, Ashton Levarek, dives into the world of trusts and LLCs and explains how entrepreneurs and business owners can use them to protect their wealth. Ashton gives an in-depth overview of their strategy for protecting assets from legal and financial risks. We'll discuss how to set up trusts, LLCs, and other types of legal structures, what kinds of assets are best to hold in each structure, and how to ensure that creditors cannot seize them after death. We'll also talk about the tax benefits associated with these strategies and any potential risks or pitfalls that may arise. To learn more about Ashton, listeners can visit his website at Valkere Investment Group!
[00:00 - 04:09] Protecting Your Wealth: Understanding the Benefits of Trusts and LLCs
· Ashton explores how you can protect your wealth using trusts and LLCs. · Wealth protection is an essential consideration for entrepreneurs who are focused on growing and scaling their businesses. · Trusts and LLCs are two common strategies for protecting wealth and limiting risk. · It is essential to determine the best strategy for protecting assets, depending on the situation.
[04:09 – 12:38] Protecting Assets and Beneficiaries
· The laws surrounding trust AEs can be complex, and the specific circumstances and jurisdictions can affect how they are used to protect wealth. · Seeking the advice of a financial advisor and an attorney is often recommended to ensure the best steps are taken to protect assets. · LLCs can also provide asset protection by acting as a pass-through entity, allowing profits and tax benefits to pass through to investors. · investment firm LLC can own every LLC that owns each investment property, thereby minimizing the risk of losing the equity in each property. · A personal LLC can be held within a family trust to protect personal assets further. · LLC ownership structures can also protect investors' capital and minimize the risk of losing the equity in each property.
[12:38 – 15:19] Closing Segment
Connect with Ashton at Valkere Investment Group! Connect with Ashton!
Website: Valkere Investment Group
LinkedIn: Valkere Investment Group
Want to learn more about creating multiple streams of income, wealth protection, financial freedom, or real estate investing? Join our investor club, check out our blog, get our free ebook on investing, or join us for our monthly Real Estate Investing Made Simple virtual meetup. Take the first to your wins in life and head on to http://www.valkeregroup.com.
Leave a REVIEW and SHARE this episode with someone who wants to unlock the secrets to success. Listen to other episodes on Apple, Spotify, Libsyn, or wherever you get your podcasts!
Key Quotes
"I may have nothing on paper, but by setting up a trust for my children, I can protect them from going through probate and dealing with creditors after my passing. It is all for the benefit of my kids. It's the way we like to do business, to protect ourselves and set our kids up for the future." –Ashton Levarek
15 min