@originaldohnthornton: A lot of homeowners are spending thousands on whole-house water filtration systems…
Clean water.
Reverse osmosis.
Water softeners.
High-end purification systems.
And if the house is owned in your personal name?
Those expenses are usually completely non-deductible.
So first you earn the money…
then Uncle Sam takes a huge cut…
then you pay for healthier water with what’s left.
But when the home is held inside a contract law spendthrift trust…
those water filtration system expenses become trust expenses that are tax deductible to the trust.
Plus, the property benefits from powerful lawsuit protection, far greater privacy, and no taxable events.
Same home.
Same filtration system.
Completely different financial outcome (info purposes only; not a licensed tax, legal, or accounting professional) #taxdeductions #taxsavings #taxreduction #waterfilterchallenge
