Setting Up An Asset Protection Trust: Part 1 of 2

http://www.davidjenyns.com

Setting up the ideal structure for your trading business can be daunting. Through extensive research, I've discovered that an asset protection trust can be a very good structure. This is opposed to setting up a basic company.

There are numerous benefits to an asset protection trust such as income distribution at the end of the financial year and increased protection from business dealings. This can be further strengthened by setting up a holding company to manage the trust.

Would you like to know more about setting up an asset protection trust? Visit: http://www.davidjenyns.com

Category:

Education

Tags:

• asset protection trust
• assets protection
• protecting assets
• business structures
• stock market trading

[djenyns]

Hi there... thanks for your questions. Unfortunately I really need to tread carefully on this one as I don't want to be seen as giving any financial advice.

The aim of this video was to spark some ideas. It's best you chat with your financial advisor about this structure and if it would suit your situation.

I hope you understand.

Dave

Ps. This structure is used for both asset protection and minimization.

[lmccoy17]

you are very smart you should be a teacher.

[djenyns]

Cheers, you're very kind and I'd be honored to teach you all I know. I'll be posting my best stuff on my website.

[gunzkillu]

@sdje348 hey, how did you do it so that you only pay 50% on $75k?? also, when you say profits do you mean net profits or overall pfits you or your company made? is it through a job or business that those assets were made?

[sdje348]

djenyns, how much would such an elaborate setup shave off a professional trader's tax rate? For example, if a trader makes $75,000 in profits during the year and is subject to a 30% on 50% of those profits (so $11,250 in taxes) under regular capital gains taxation, would he be able to deduct business expenses under your model and THEN be taxed on the rest? In effect, perhaps, resulting in a 20% net tax rate ($7,500)? Thanks!

[lmccoy17]

I have a good head start I have studied almost all of these youtube videos..