How to Transfer Income, Assets & Wealth [TAX-FREE] like the Rich

Today, I’m going to share with you secrets that the rich use to transfer income, assets, and their overall wealth, tax-free. & These wealth transfer strategies are available to anyone.

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Timestamps:
How to Transfer Wealth like the Rich (0:00)
Tax Treatment of Transferring Assets (1:51)
#1 Gift Tax Exemption (3:31)
#2 Lifetime Gift Tax Exemption (4:55)
#3 Direct Payments (6:20)
#4 Hire Your Kids (7:32)
#5 Beneficiary Roth IRAs (9:44)
#6 Loans to Family Members (11:17)
#7 Irrevocable Trusts (12:00)
Other Highly Appreciated Assets (13:15)
IMPORTANT NOTES (14:09)

If you know your taxes well, then you will understand how to avoid paying hefty estate taxes, otherwise, your nest egg could be taxed as high as 40% at the federal level and then more at the state level.

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Hey, I'm Sean with lyfe accounting. The accounting company that helps you save on taxes and build more wealth. Please be sure to give this video a like and subscribe to our channel so you don't miss out on future videos!

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

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