Garrett Griffin from Legacy Tax Strategies, LLC shares some aspects of real estate planning. Garrett specializes in helping clients defer capital gains taxes on the sale of assets, which can help increase wealth over time. He also discusses deferred sales trusts, an estate planning strategy often used by the wealthy. He breaks down the benefits of using a DST, including deferring taxes, protecting the asset, and maintaining liquidity. Garrett shares his experience in helping people structure DSTs to maximize tax efficiency. He outlines some common pitfalls to avoid, such as overpaying for the trust and having enough assets to cover the cost of the trust. Finally, Garrett discusses how to use DSTs and other wealth strategies to help clients build long-term wealth.
[00:01 - 15:36] Opening Segment
[15:37 - 26:24] The Tax Engineering Component and Typical Client Base
[26:25 - 42:26] Deferred Sales Trust
[42:27 - 51:35] How to Leverage Seller Finance Deals with a Trust
[51:36 - 58:34] Closing Segment
"What differentiates revenue? I would say from a particular strategy, they use life insurance very well. And it's a layering of strategies. It's not one silver magic bullet that's doing it all."
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Connect with Garrett through LinkedIn, or visit www.legacytaxstrategies.com. Email him at email@example.com.
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