Nov. 11, 2020

18.The Benefits of Complex Trusts with Dr. Gail Hamilton of BEE Connected

18.The Benefits of Complex Trusts with Dr. Gail Hamilton of BEE Connected

Gail Hamilton is Owner and Principal at BEE Connected LLC. Through BEEconnectedlife.com, Gail provides financial education to help individuals and businesses protect their assets and structure generational wealth through the creation of private family...

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Education

Gail Hamilton is Owner and Principal at BEE Connected LLC. Through BEEconnectedlife.com, Gail provides financial education to help individuals and businesses protect their assets and structure generational wealth through the creation of private family or business trusts or private family foundations. On this episode of CFO at Home, Gail and Vince discuss simple and complex wills and trusts, 4 Keys to Wealth, the book that Gail recently co-authored, and more

  • Key Takeaways:
    • Simple Will, Simple Trust  - Distributes assets once you’re deceased
      • Assets go through probate
      • Taxes consequences are attached in most cases
  • Complex Trust
    • Contact that’s good nationally and internationally, 
    • You don’t own the assets in the trust but you control them
    • Can provide tax-advantages, assets protected from lawsuits
  • “The 4 Keys to Wealth”
    • Key 1 - Putting your wealth in the correct tax position
    • Key 2 - Protecting wealth with trusts and foundations.
    • Key 3 - Getting wealth and assets to work for you.
    • Key 4 - Passing wealth and assets on to the next generation