Weighing the Pros and Cons of Managing Your Own Trust or Foundation

Explore the complexities of managing your own trust or foundation in this episode, "Weighing the Pros and Cons of Managing Your Own Trust or Foundation." I delve into why individuals hesitate to entrust their hard-earned wealth to third parties and opt for self-management. While control is an obvious advantage, I look into the significant disadvantages, such as tax risks, asset protection concerns, and the impact on privacy. Discover the potential pitfalls and legal risks associated with self-management, and gain insights into how careful planning, including structuring the board and considering the role of a protector, can mitigate these challenges while retaining some control or influence.
FInde the episode here:
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Hi! I am Jimmy Sexton, LL.M. - Founder & CEO of Esquire Group. I founded Esquire Group with the objective of helping and inspiring wealthy families, investors, entrepreneurs, and high-level executives obtain and gain control over and protect their wealth, via strategic wealth planning.
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-------------------------------------------------DISCLAIMER-------------------------------------------------------
This video is prepared for educational purposes only. This video is not legal, tax or any other type of advice. Each individuals’ circumstances are different, you should seek legal and/or tax advice to address your specific situation and any questions you may have.