Save USA Property Taxes Legally - Sally Gimon And Lily Patrascu
Sally Gimon, with expertise in tax-saving strategies, helps property investors legally reduce U.S. taxes using the Spendthrift Trust. As the founder of TheTrustIsYou.com and a representative of a private law firm, she guides entrepreneurs in shielding assets from lawsuits and tax liabilities. After experiencing a $97,000 tax bill from real estate investments, she dedicated months to studying trust structures and now educates investors on avoiding capital gains taxes, rental income taxes, and liability risks. Her approach ensures financial privacy while enabling clients to reinvest their savings into more properties.
About The Guest
Sally was motivated to become a real estate investor when her mom became sick in October 2018. Sally was 53 and needed to make a change in her life quickly. She has been an insurance agent for 20 years and has used her experience to make positive changes. Now she shares her information weekly in her real estate group and Win, Win Women TV.
In July 2020 she bought a Bank Owned Property for $20,000 that would go to auction for $50,000 when Covid restrictions lifted. She knew her Capital Gains would be $7,140 and researched how the rich paid so little in taxes. This led her to find the Business and Beneficial Spendthrift Trusts.
For More Info About Sally Gimon, visit:
https://www.facebook.com/TheTrustisyou/
https://www.linkedin.com/in/sallygimon/
https://www.instagram.com/sallygimon/
https://twitter.com/GimonSally
https://www.tiktok.com/@spendthrifttrust
https://www.youtube.com/@sallygimon?sub_confirmation=1
Timestamp
0:00 Introduction to Property Taxes and Trusts
0:10 Guest Introduction: Sally Gimmon
0:26 Legal Strategies for Tax Savings
0:44 Spendthrift Trust Explained
1:06 Case Study: Canadian Investor in US
1:52 Personal Story: Tax Challenges and Solutions
3:46 Spendthrift Trust Benefits
4:35 Legislation and Tax Brackets
6:17 Trust Setup and Maintenance
8:20 Asset Protection with Trusts
18:13 Misconceptions About Trusts
25:20 Expense and Process for Setting Up a Trust
28:54 The Opportunity and Challenge
29:21 Winning the Bid
29:44 Real Estate Strategy and Execution
30:34 Trusts and Tax Benefits
31:17 Advice for Entrepreneurs
31:31 Tax Strategies
32:34 Success Stories and Figures
33:02 Contact Information and Final Thoughts
About The Host
Lily Patrascu is an ultra-creative book publisher and personal brand strategist for thought leaders, CEOs, luxury influencers. As an influencer, bestselling author, copywriter, global speaker, she supports busy entrepreneurs to find their message and share it with millions of people.
Feel free to connect with me or find out more about my book publishing/influential entrepreneur events/speaking/ projects here: https://linktr.ee/lilypatrascu & www.lily.global I am launching a few collaborative books: on property wealth strategies, confidence, millionaire secrets, health tools, AI, and seeking influencers with large communities to promote their expertise with the books. I can help you write/ghostwrite and publish your books in 90 days. Message me (Lily) on +447557351222 to collaborate.
If you want to be featured on this podcast, and you're a successful entrepreneur able to share about how you grew your company, book your spot here: www.lily.global/podcast -
-----------------------------------------------------------------
IMPORTANT: Earnings and Legal Disclaimers
We don’t believe in get-rich-quick programs or guarantees of specific outcomes. We believe in hard work, adding value, and serving others, and our programs are designed to help you achieve those goals. As stated by law, we cannot and do not make any guarantees regarding your ability to achieve financial results, earn money, or improve your health using our ideas, information, programs, or strategies. Your success depends on your own efforts, skills, and circumstances, which are beyond our control.
We are here to support you by sharing our strategies to help you progress, but nothing on this page, any of our websites, videos, marketing materials, or in our emails constitutes a promise or guarantee of future earnings, financial outcomes, or health improvements. Any financial or health-related examples, estimates, projections, or past results referenced are for illustrative purposes only and reflect the views of the hosts and guests. They should not be considered as exact, actual, or assured results. If you have any questions, please contact us at hello@lily.global.
Welcome to the Property Wealth Strategies Podcast, hosted by Lily Patrascu! This podcast is your go-to resource for expert insights into the world of property investment, property management, and wealth-building strategies. Each episode features in-depth conversations with top industry professionals who share their expertise, success stories, and actionable tips to help you navigate the dynamic property market.
