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b'How can you protect and grow your real estate wealth across generations?\\n\\xa0\\nIn this engaging episode, KC Chohan explains how trusts can help real estate investors protect assets, maintain privacy, reduce taxes, and pass on wealth. Learn the key differences between LLCs and various trust structures, when trusts start to make practical sense based on your net worth, and how to set up guardrails so future generations preserve (instead of lose) family assets.\\n\\xa0\\nKC Chohan is the Founder of Together CFO, providing fractional CFO services, accounting, and bookkeeping to help high-net-worth families protect their wealth and assets. Motivated by bridging the gap in financial literacy, especially for first-generational wealth, KC pushes himself to continually learn and understand advanced asset protection and legacy planning strategies. As a writer for Forbes Magazine, professional speaker featured in various major media outlets, and resident CFO expert for high-level masterminds, KC Chohan is on a mission to equip one million business owners with the tools and education for robust asset protection and lasting generational legacy.\\n\\xa0\\n[00:00 - 00:06] What is a Trust and What Does it Do?\\nA trust is a 3-party legal contract between the grantor, trustee, and beneficiary\\nIt bifurcates asset ownership for protection and can create a generational legacy\\nOver 84 types of trusts exist, so first clarify goals before selecting a structure\\n\\xa0\\n[00:06 - 00:14]Can I Be Both Trustee and Beneficiary for Maximum Protection?\\nAsset protection ties to legal ownership liability\\nBifurcating ownership with trustee vs beneficiary provides confusion against lawsuits\\nAnonymity and reduced attack surface safeguard wealth\\n\\xa0\\n00:14 - 00:20 At What Net Worth Do Trusts Start to Make Sense?\\nEven simple wills can work for smaller estates to pass on some assets\\nMid-size estates between $100k-$1M benefit from basic living trusts\\nLarger estates over $1M need customized, complex trust solutions\\n\\xa0\\n[00:20 - 00:28 ]Beware Major Tax Implications If Done Wrong\\nAsset transfers or sales can trigger significant capital gains taxes\\nLLC membership structure provides more flexibility than S-corp shares\\nConsult professionals to navigate ownership changes\\nBook recommendation: Think and Grow Rich\\nWho inspires KC?: Ray Dalio\\n\\xa0\\nQuotes:\\n\\xa0\\n"It\'s really important to understand what it is you\'re trying to achieve at the offset before getting into such structures." - KC Chohan\\n"When most people at least come to speak to us, they\'re actually looking for a lot more than that. That\'s one piece of the pizza pie." - KC Chohan\\n\\xa0\\nConnect with KC:\\nWebsite: https://www.togethercfo.com/\\n\\xa0\\n\\xa0\\nApply to Invest with Taylor at\\xa0www.investwithtaylor.com\\n\\xa0\\nTrack your wealth for free with Personal Capital, go to\\xa0www.escapingwallstreet.com\\n\\xa0\\nPlease leave a review and help others escape Wall Street and build wealth on Main Street!'