Can a Trust Save You Money on Taxes? Yes — and Here’s How

In this episode of the Wealth Planning Podcast, Anthony Brister, a tax and asset protection attorney, debunks common misconceptions about trusts and their ability to save you money on taxes. He clarifies the differences between revocable and irrevocable trusts, highlighting which ones can be beneficial for estate tax reduction and which are primarily for probate avoidance. He warns against misleading online promotions and the dangers of improperly structured irrevocable trusts, emphasizing the importance of seeking professional guidance tailored to your individual net worth, goals, and risk tolerance.

 

Timestamps:

0:00 - Introduction: Can a trust save you money on taxes?

0:13 - Topic Introduction: Can a trust really save you money on taxes?

1:15 - Introducing Anthony Brister: Tax and Asset Protection Attorney

1:48 - Revocable Living Trusts: Don't save on income tax

2:27 - The Revocable Living Trust

3:27 - Estate Tax

3:59 - Irrevocable Trusts

4:44 - Common Irrevocable Trusts

5:37 - Irrevocable Trusts aren't for everyone

6:56 - The misinformation being pushed

8:33 - The trap

13:39 - A trust can save you on taxes but not every trust does

 

Unsure if you need a revocable or irrevocable trust? Think you've been sold something that doesn't work for your goals? Head over to bristertaxlaw.com and schedule your free discovery call to build a real strategy that protects your legacy, maximizes your wealth, and aligns with what matters most to you. Don't forget to subscribe, leave a review, and share this episode!

 

#Trusts #TaxPlanning #EstatePlanning #WealthManagement #AssetProtection #IrrevocableTrust #RevocableTrust #TaxSavings #FinancialPlanning #TaxTips #WealthPlanningPodcast #BristerLaw