@originaldohnthornton: Most people buy appliances personally…
Refrigerators.
Washers & dryers.
Ovens.
Dishwashers.
High-end kitchen upgrades.
And when they do?
Those purchases are usually completely non-deductible.
So first they earn the income…
then Uncle Sam takes a huge cut…
then they buy appliances with what’s left.
But a contract law spendthrift trust changes the structure completely.
Instead of buying the appliances personally…
move the money into the trust first.
Then the trust purchases the appliances directly.
Now the appliances become trust assets…
and the appliance-related expenses become trust expenses that are tax deductible to the trust.
Plus, the trust provides powerful lawsuit protection, far greater privacy, and no taxable events.
Same appliances.
Completely different financial outcome.
(Info purposes only; not a licensed tax, legal, or accounting professional) #taxdeductions #taxreduction #taxreduction #appliances
