How to Protect Your Wealth from Biden's Inheritance Tax

Lou Brown

May 21 2021

In this video Lou Brown and Scott Paton talk about taxes. In previous episodes Lou already touched up on capital gains taxes and the impact it may bring. Now, there is another tax that would probably affect your descendants  for many generations if you do not take action now.

It’s called the Inheritance Tax.

Join Lou Live! Every Wednesday at 1:05PM Eastern and learn the latest on the real estate market today!

References:

Joe Biden’s 61 Percent Tax On Wealth:  https://taxfoundation.org/joe-biden-estate-tax-wealth-tax/

Biden Tax Rule Would Rip Billions From Big Fortunes at Death:  

https://www.bloomberg.com/news/articles/2021-05-04/biden-tax-rule-would-rip-billions-from-biggest-fortunes-at-death

Timestamps: 

0:12 - Introduction - “ What’s Going On in the Real Estate World?”

1:32 - Inheritance Tax - the real thing

3:21 - Joe Biden’s 61 Percent Tax On Wealth

13:00 - The Parentheses States (Outskirts of America) vs. Central States

15:17 - Biden Tax Rule Would Rip Billions From Big Fortunes at Death

21:27 - Knowledge is Power and Money  

24:12 - How Can You Protect Your Wealth?

29:01 - https://www.MaximumAssetShield/com/EliteTrust/

 Viewer’s comments & questions for Lou

32:22 - Does any of these taxes apply to my estate if I have an Elite Trust?

36:11 - Do you have the seller put their property in a trust then do the closing when I have a buyer or is it all done at the same time at closing?

37:12 -  If I put my house in a Land Trust and I pass away my kids will still have to pay inheritance taxes?

38:20 - Can I place a property into a land trust if it's already in the elite trust?

39:19 - Can I start my business as a trust rather than an llc?

40:22 - Can I still lease option from the elite trust?

42:15 - Is vol 4 & 5 different from the elite trust course?

43:28 -  From my former question about sellers putting their property into a land trust first and I find a buyer. My question is can it all be done at the same time at closing with a R Estate Attorney?

44:24 - If a seller is adamant about working with a listing agent, what would be your recommended approach to this situation?

47:24 - Is there a place in the Street Smart paperwork that indicates what the listing agent's commission will be?

48:59 - Would you trust a closing company to write the trust if they insist their paperwork must be used?

51:12 - If my house is in a Land Trust and it's worth $600K and I pass away, how much inheritance tax does my beneficiaries have to pay?

52:44 - Lou’s closing message.

5:02 - https://www.MillionaireJumpstart.com - Millionaire Jumpstart Live! - May 14, 15 & 16, 2021 - Las Vegas, NV

16: 32 - https://www.MillionaireJumpstart.com - Millionaire Jumpstart Live! - May 14, 15 & 

11:40 - https://www.LandlordReliefPkg.com

24:02 - https://PathtoOwnership.com

In addition, you will also learn from this episode their ongoing program called “The Path to Homeownership”.

Where they take deserving families regardless of their credit and financial background and show them how they can end up with homeownership. 

Lou Brown has training coming up it’s available at www.WealthBuilderWorkshop.Online

It’s an all-day training in the comfort of your own home where Lou is going to teach you how to find a buyer before even finding a property. He’s also going to teach you how to protect all your assets using land trusts and personal property trusts. 

Take Lou's Course:

https://www.udemy.com/course/realtors-and-real-estate-investing/?referralCode=305A2A5DB2A2C4543B7F

Lou Brown has been buying, selling and holding property for 40 years and you are about to discover what a lot of so called gurus are missing.

* How to buy all the property you want without ever visiting a single bank or needing to qualify for a loan…

* How to have a buyer or renter before you even buy property…

* How to have them already pay you money before you sold them anything…

These are exactly the kinds of deals he does day in and day out. Most ‘investors’ are getting it wrong. It’s not about the property, it’s about the buyer. Buying right and buying cheap is what you’ll do after you have the buyer.

Media Sites:

YouTube: https://www.youtube.com/user/StreetSmartInvestor

Podcast: http://Streetsmart.mypodcastworld.com/

Facebook: https://www.facebook.com/StreetSmartInvestor/

Web Site: https://millionairejumpstart.com/ and https://streetsmartinvestor.com/

Real Estate investors in all fifty states across Canada and fifteen foreign countries including as far away as Australia and New Zealand, have long regarded the training, systems and forms created by Louis Brown as the best in the industry, Quoted as an expert by many publications and authors, “Lou” draws from a wide and varied background as a real estate investor having been buying property since 1976.

He’s invested in single-family homes, apartments, hotels, developed subdivisions and built and renovated homes and apartments. Each of these experiences has given him a proving ground for the most cutting edge concepts in real estate today. He’s widely known as a creative financing genius with his deal structuring concepts.

Being a teacher at heart he enjoys sharing his discoveries with others. He has served the industry in many volunteer positions such as past President and designated lifetime member of the Georgia Real Estate Investors Association, the world’s largest real estate investor group.

He is also founding President of the National Real Estate Investors Association, which serves as the umbrella association of local investor groups.