@originaldohnthornton: One of the biggest questions people ask is: “How do I fund the trust?” Most people think they need millions of dollars… complex transfers… or huge amounts of assets on day one. Not true. A contract law spendthrift trust doesn’t have to be “fully funded” upfront the way people imagine. In fact, something as simple as a small initial deposit — even $25 into the trust bank account — is enough to establish funding. Why? Because it’s a discretionary trust. That means the trustee has the authority to add deposits, assets, business interests, real estate, or other property into the trust over time at their discretion. So instead of trying to do everything at once… the trust can grow and evolve as your financial life grows. Meanwhile, the assets held inside the trust benefit from powerful lawsuit protection, far greater privacy, and no taxable events. (info purposes only; not a licensed tax, legal, or accounting professional) #taxdeductions #taxsavings #taxreduction

originaldohnthornton

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Monday 03 August 2026 12:00:00 GMT