This is the second episode of a two-part series on which our guest Greg Gentry dives into the differences between a Will and a Trust. Join us to get some advanced strategies and learn what the benefits are of creating a Trust.

Ken Greene transitioned from being a Professional Engineer (P.E.) to the “Engineer of Finance.” His goal is to help people become financially independent and help them earn better yields with less risk by investing Off Wall Street.

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Show Notes

  • Advanced planning strategies with Trusts – 2:11
  • What is a CRT? – 4:08
  • Understanding an irrevocable trust – 5:16
  • Flexibility in changing the beneficiaries – 5:46
  • How your money goes to charity – 6:33
  • Taxation benefits from using the Charitable Remainder Trust – 7:03
  • When does a Trust pay taxes on a sale? – 8:43
  • The income tax strategy using the CRT – 9:21
  • The cash value inside of the irrevocable life insurance trust – 11:04
  • What is a spousal lifetime access trust (SLAT)? – 11:36
  • Using CRT as a real estate investor – 12:55
  • Tax liability – 14:11
  • Inheriting private property – 15:57
  • Dealing with CRT and an advanced trust – 17:08
  • Why you shouldn’t put the property into a CRT – 20:17
  • Focussing on estate planning and trust-based planning – 21:17
  • The SLAT as a powerful concept – 23:00
  • Two types of CRT’s – 26:01
  • Giving money to charity and not worrying about taxes – 31:46
  • Understanding a little bit more about a Living Trust – 35:10
  • Using the wealth knowledge – 39:18
  • What is a domestic asset protection trust? – 41:02
  • Who can be your trustee? – 42:48
  • What is a land trust? – 47:29
  • The importance of a trust – 49:15
  • Get in touch with Greg and Greg’s company – 50:46

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