Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago,

User Stats

47
Posts
21
Votes
Mary Eubanks
21
Votes |
47
Posts

Tax Strategy - Irrevocable Trusts

Mary Eubanks
Posted

I spoke to a company that works with my CPA that has offered to create me an irrevocable trust in order to reduce my passive income tax liability to zero, reduce my active income (real estate commission) to nearly nothing, and make it bullet proof. Basically, what Tom Wheelwright, CPA writes about in his book "The Win-Win Wealth Strategy." Said it will cost me $35K? That doesn't sound right. Isn't this something any attorney can create? Am I out of touch?

Loading replies...