@originaldohnthornton: Work hard.
Get taxed automatically.
Watch huge chunks disappear before they even touch the money.
But almost nobody tells them there may be another option.
With a contract law spendthrift trust…
a W2 earner may be able to move up to 51% of adjusted gross income into the trust.
That creates a deduction for the W2 earner…
while the transfer itself does not trigger a taxable event for the trust.
And the best part?
As trustee, you still control the funds inside the trust.
You can invest the money.
Start new projects.
Acquire assets.
And pay family beneficiary expenses through the trust.
Same income.
Completely different financial outcome.
(info purposes only; not a licensed tax, legal, or accounting professional) #taxsavingstips #taxdeductions #taxsavings #taxreduction #W2
