245 money in your 40s and 50s
Dev Raga Personal Finance
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Using Trust Structures to Protect Your Wealth
Trusts can be used to protect your wealth from creditors. This means any liabilities owned by the beneficiaries cannot be paid off using the assets owned by the trust. The advantage here is that each of them get $66,000 of income per year from the trust. Not also there may be some tax advantages when using trust structures.
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