Irrevocable Trust

“And so for federal taxes, if you want to save more money on federal taxes, what you do is you create a revocable trust and you gift your shares to your children or to your spouse or to your relative, your brother. And each of those trusts that you create gets …”

“You can't move options into an air vocal trust. You have to move exercise shares into an air vocal trust.”

“If the trust buys real estate, they can rent to live in that real estate. So they're not directly connected. So for example, like, let's say I have my daughter I'll create an irrevocable trust for my daughter. I'll use the proceeds of sale to buy a house. I'll…”

“I set up trust for my future children, trust for charity, and each of these trusts get their own ten million dollar benefit, which multiplies this, theoretically, as many times as possible.”