irrevocable trust

3 statements across 1 episodes · 2 bullish · 0 bearish · 1 people on the record · first statement Aug 22, 2024 by Alessandro Chesseri · across every show →

Everything said about irrevocable trust, oldest first

Aug 22, 2024 neutral
Assertion Partly supported
Chesseri: Only exercised shares can be moved into irrevocable trusts
“You can't move options into an air vocal trust. You have to move exercise shares into an air vocal trust.”
Alessandro Chesseri Aug 22, 2024 ▶ 12:14 The Revocable Living Trust Cheat Code for SaaS Founders (Save millions on taxeS)
Aug 22, 2024 positive
Insight
Founders can transfer wealth by paying rent to trust-owned homes
“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…”
Alessandro Chesseri Aug 22, 2024 ▶ 17:02 The Revocable Living Trust Cheat Code for SaaS Founders (Save millions on taxeS)
Aug 22, 2024 positive
Assertion Supported
Founders can multiply $10M QSBS exemptions using multiple irrevocable trusts
“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 …”
Alessandro Chesseri Aug 22, 2024 ▶ 11:19 The Revocable Living Trust Cheat Code for SaaS Founders (Save millions on taxeS)
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