Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 2 years ago, 03/20/2023
Platinum Trust Group for ZERO TAXES ever again??
I am constantly looking for ways to reduce my taxes on RE, both the passive cash flow and when selling. I came across Platinum Trust Group through a Live video they did for the AOA (Apartment Owners Association), in which they claim with their Copyrighted Trust you can avoid ALL TAXES and get ultimate Asset protection (better than any LLC or other Trusts supposedly). The idea is everything must remain in the Trust and you are deferring Taxes basically indefinitely, meaning to a time when the Trust is no longer, so multiple generations down the road. Only down side is that the Trust has to pay for everything otherwise it is a distribution.
Has anyone used them before? They seem legit, but want to make sure, wondering why everyone doesn't do this??
Here is the video explaining it and their site: