Shelter your Money for Your Family Tax & Creditor Free!

Attorney Andrew Bethel of Bethel Law explains the powerful benefits of Crummey Trusts. Discover how these irrevocable trusts can help you lock up money for your family, protect assets from creditors, and avoid significant estate taxes. We'll break down the mechanics of Crummey Trusts, including their irrevocability, gift tax implications, and asset protection features. Learn about the strategic use of Crummey Notices, how to navigate gift and estate taxes, and ways to manage income and capital gains taxes effectively. Whether you're new to estate planning or looking to enhance your financial strategies, this video provides valuable insights into building and preserving generational wealth with Crummey Trusts.

00:00 - Introduction
00:45 - What is a Crummey Trust?
01:01 - Irrevocability
01:49 - Gift Taxes & Withdrawal Rights
04:14 - Asset Protection Trust
05:00 - Gift and Estate Taxes
07:44 - Income & Capital Gains Taxes
09:00 - Practical Advice

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Disclaimer
Viewing this video does not create the expectation of an Attorney-client relationship. The information from this video is for general information purposes only. Nothing should be taken as legal advice for any individual case or situation.