E27 - Own Nothing but Control Everything! with Zachary Miller

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Wealth Secrets

Sean Adams

28 episodes

5 days ago

On this show Sean Adams distills down the best kept secrets of the rich on how to protect and grow your wealth. We interview the top entrepreneurs and financial minds to give you actionable insights on how to think differently about your wealth, your lifestyle and your future. Join me each week as we go on the journey to financial freedom together!

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E27 - Own Nothing but Control Everything! with Zachary Miller

Wealth Secrets

48 minutes 9 seconds

4 years ago

E27 - Own Nothing but Control Everything! with Zachary Miller

Today on The Wealth Secrets Podcast, Sean Adams welcomes Zachary Miller from Private Wealth Academy, a group of experts that empower individuals to take control over their wealth. They discuss how to use bulletproof trusts to protect any asset while reducing liability.

[03:10] Getting to know Zachary Miller
[07:58] What is a trust fund?
[10:53] Benefits of a trust
[15:04] Build a trust web to protect assets and businesses
[20:59] When to build a trust fund account
[25:42] Why billionaires don’t want you to create trust funds
[31:28] Save on taxes with trusts
[33:04] Trusts protect you from law suits and divorce
[39:21] Setting up trusts worldwide
[40:49] Private Wealth Academy

A trust fund is created to hold an asset for the benefit of another. The assets in the trust are neither owned by the grantor nor the beneficiary because ownership is determined at a later date. Assets that are not in a trust are taxed heavily by the government. Wills are not exempted from probate but trusts are.

Aside from the inheritance benefit of trusts, other advantages include protection and tax savings. Cars, real estate, and registered businesses can have their own trusts – thereby protecting your assets from litigations. You can set up trusts in whichever way you like, building a “trust web” that’s best suited for your unique position. Whether you have a statutory or a private trust, you are able to reap tax savings.

You don’t have to be a billionaire to start a trust. Trusts have always been advertised as accounts for the wealthy but that is simply untrue. Start your own trust fund for your own protection and use it to your advantage.

Links and Resources:

Private Wealth Academy Website

Connect With Sean:

Facebook: https://www.facebook.com/profile.php?id=100060279543976

LinkedIn: https://www.linkedin.com/in/leveraged-life/

Instagram: https://www.instagram.com/sean_adams103/

Youtube: https://www.youtube.com/channel/UC0i91Q-fFy70LkaFxvfnGpg

For more videos and resources, visit leveraged-life.com. Do you have questions and feedback? Get in touch with Sean Adams through his email: sean@leveraged-life.com.