* lexie (JIMBO TRUST Q & A PART 2): OOM 1/8/12
JAN.8,2012 CST.
Bulldog75: JUST ON THE PHONE WITH OKIE. ALL IS WELL. HE AND I ARE GOOD TO GO WITH THIS RV.
JIM JENKINS Q & A
EE2011: JIm… I have purchased a trust from u. Would u transfer a set amount of money from the trust into an account that u would use for daily transactions leaving the balance in the BTrust?. Or set up an LLC account an transfer all money from BTrust into LLC bank account. Thx Jim
Jimbo to EE2011: TO BE FAIR W/ OTHERS NOT YET WHERE U R, WHY NOT CALL ME TOMORROW & DISCUSS THEN, ok?
lonellc to Jimbo: I purchased IQD with my IRA is there a way to place my IRA in a Business Trust ?
Jimbo to lonellc: MY SUGG IS TO LEAVE U’R IRA ALONE TO AVOID TRIGGERING UNNECESSARY TAXATION
Jimbo to lonellc: GOOD Q. WE R STILL ABLE TO OFFER 24-48 HR. TURN AROUND & SEND OUT U’R BUS. TRUST FED EX FOR NEXT DAY DEL. ANOTHER 2-3 DAYS TO SIGN & NOTARIZE & GET BANK ACC’T OPENED IS ALL THAT IS NEEDED.
MiddleClassMaiden: Could you give us the TOP 5 MOST IMPORTANT THINGS to REMEMBER / PREPARE FOR as we move ahead with this historic, life-changing event? THANKS so much!
Bulldog75: MIDDLE CLASS ; I WILL ADDRESS THAT AT 11PM CST FOR CASH IN.
dev: my question is: my applicaiton is in to purchase a complex, non-grantor, irrevocable, discretionay spendthrift trust. do i need an LLC from Nevada or can I dissolve that – have not used yet?
Jimbo to dev: RATHER COMPLICATED Q. TO BE FAIR W/ OTHERS, PROB. BEST IF WE TALKED IN PERSON. EMAIL ME FOR MY #
Bulldog75: OOM MEMBERS; JIM WILL ADDRESS ONLY “BUSINESS TRUST” QUESTIONS FROM 10-11PM CST TONITE. I WILL HANDLE THE CASH IN / PREPARATION QUESTIONS. TYVM.
tallmanlawt to popatopcowgirl: If we cash in the dinar in our personal account paid taxes and set up a LLC would we have to pay taxes a second time?
Jimbo to tallmanlawt: AGAIN, RATHER COMPLICATED Q. IMO, AN LLC DOES NOT PROTECT U AT ALL FOR THAT KILLER 2ND TAX, THE FED. ESTATE TAX, WHICH JUMPS TO 55% NEXT YR. REMEMBER, I AM NOT A CPA OR ATTY. MANY OF THESE KIND OF Q’S BE BEST ADDRESS BY A CPA.
mark64 to Bulldog75: DOES what you are discussing apply to Canadians as well
Jimbo to mark64: PERHAPS, BUT I PREFER TO WORK W/ ONLY US CITIZENS ONLY
rvnow1: Please tell us the advantages of doing your kind of trust, ok?
Jimbo to rvnow1: NOW WE’RE GETTING TO THE HEART OF THINGS. IF U HAVEN’T YET READ MY FREE MATERIAL OR LISTENED TO A PRIOR CONF. CALL, SEND U’R EMAIL TO ME: JIM@JIMJENKINSMUSIC.COM. THEN LET’S TALK.
Bulldog75: DISCLAIMER: PARTICIPATION TONIGHT IS FOR ENTERTAINMENT PURPOSES ONLY AND IS NOT CONSTRUED TO MEAN INVESTMENT OR LEGAL ADVICE. NEITHER JIM JENKINS OR BULLDOG75 ARE BEING PAID OR REIMBURSED FOR A TIME RENDERED. ALL OPINIONS ARE IN “IMHO”/IN MY HUMBLE OPINION. THANKS.
Jimbo to rvnow1: TOO MANY TO LIST HERE
greenfrogtrike to Jimbo: In last night’s Q&A you mentioned that a BT Trustee had other options besides paying themselves a salary as such. Can you elaborate a little on what you meant?
Jimbo to greenfrogtrike: ANY TIME A SEPARATE LEGAL ENTITY IS CREATED, WHETHER A CORP., LLC, BUS. TRUST, ETC., THERE ARE AMPLE OPPS TO LEGALLY CREATE WRITE OFFS IN THE ORDINARY COURSE OF BUS. ANY BUS. PERSON SHOULD KNOW WHAT MANY OF THESE ARE.
Jimbo to Tigerlily: OF ALL THE WORRIES, PROBATE IS NOW NO LONGER A BIG WORRY OR CONCERN. FED. ESTATE TAXES, HOWEVER, ARE. THEY CAN EAT UP ANOTHER 55% OF YOUR NEW FOUND POST RV WEALTH B 4 U’R FAMILY OR HEIRS REC. WHAT U’VE INTENDED. THAT’S ONE OF THE BIG ADVANTAGES OF A BUS. TRUST. YET U CAN RETAIN CONTROL OF THESE ASSETS WHILE U R ALIVE
stockprofessor: If you transfer RV funds to a personal bank account and then transfer to Business Trust, are you subject to being taxed twice?
Jimbo to stockprofessor: NO, BUT IMO, CREAT THE BUS. TRUST FIRST. THEN CASH IN W/ IT RATHER THAN IN YOUR OWN NAME, EVEN THO’ THE CAP. GAINS TAX IS THE SAME
The * lexie (JIMBO TRUST Q & A PART 2): OOM 1/8/12 by Dinar Daddy's Tidbits, unless otherwise expressly stated, is licensed under a Creative Commons Attribution-ShareAlike 3.0 Unported License.
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