Should I Put My Trust In A Trust? with Rohit Rohela DWI-EP69
You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here >>> dentistswhoinvest.com/podcastreport———————————————————————Ever wondered how trusts could be your secret weapon in asset protection and minimizing tax liabilities? Brace yourself for an enlightening conversation with our expert guest, Rohit Rohela, a seasoned CFA who demystifies this often misunderstood financial instrument. We deep-dive into the world of trusts, revealing how they can cleverly be separated from your estate, easing the transfer of wealth from generation to generation without the burden of inheritance tax. We don't stop there though, we delve into a variety of trust types, from the standalone vanilla gift trust to the discounted gift trust, and even the gift and loan trust – a flexible tool for those who want to save on inheritance tax without parting ways with all their capital. Trust us, you'll want to hear Rohit's insights on how these can manage your money and scale down your tax liabilities. But wait, there's more! If you're a professional gearing up for retirement (dentists, we're looking at you!), don't miss our discussion on the role of employee ownership trusts in succession planning and wealth preservation.As we round off our trust talk, we venture into the realm of investment strategies and the importance of diversification. Learn how an investment bond can live within your trust, and how you can invest in the world economy whilst limiting risk. Plus, we unwrap the concept of pensions set up as master trusts and the benefits of investing in business property relief qualifying investments. So, if you're ready to leverage trusts for your financial success, jump right into this episode and let Rohit guide you through the complex labyrinth of trusts!