If someone told you that you need an LLC before you can deduct business expenses, they got it wrong. I hear this myth from business owners all the time. They spend money forming an LLC expecting bigger write-offs, only to...
If someone told you that you need an LLC before you can deduct business expenses, they got it wrong. I hear this myth from business owners all the time. They spend money forming an LLC expecting bigger write-offs, only to...
Most people believe someone starts a lawsuit by serving them with legal papers. In reality, it often begins much earlier—with an asset search. One of my clients learned that the hard way after receiving a demand letter from an attorney....
Investors often ask me whether they should set up a revocable trust or an irrevocable trust. My answer usually surprises them. You're asking the wrong question. Neither trust is inherently better than the other. They were designed to accomplish different...
You finally bought your first rental property. Someone at a local real estate meetup tells you, "Just put it in an LLC, and you're protected." It's one of the most common pieces of advice new landlords receive—and one of the...
Many business owners believe that once they form an LLC, they're protected from lawsuits and creditors. That's only partly true. An LLC creates a legal separation between you and your business, limiting your personal liability for many business debts and...
Your trading account may be generating significant profits, but there is one question every trader should ask: What happens if someone sues you tomorrow? Most traders spend countless hours developing strategies, analyzing charts, and managing risk inside their portfolios. Yet...
Recently, at one of my Tax & Asset Protection Workshops, an investor confidently told me that all of his assets were protected because he had placed everything into a living trust. His rental properties, brokerage and bank accounts, and personal...
Most people assume they only pay taxes when they make money. That seems logical. If you profit, you pay tax. If you break even—or lose money—you shouldn't owe anything. Starting in 2026, however, the United States tax code creates a...
You spent the time and money to create a living trust. But if you never transfer assets into it, that trust may not accomplish what you intended. I recently spoke with the daughter of a man who had a revocable...
If you're comparing a Solo 401(k) vs. a Self-Directed IRA for real estate investing, here's the short answer: for most self-employed investors, the Solo 401(k) wins. Both accounts allow you to invest retirement funds in real estate, but they do...
If you spend any time on TikTok, Instagram Reels, or YouTube Shorts, you’ve probably heard financial influencers pitch the same so-called “wealth hack” over and over again: Buy assets. Borrow against them tax-free. Die and pass everything to your kids...
If you own multiple rental properties, your structure matters. The more assets you acquire, the more risk you create when you hold everything in your own name. A properly structured Wyoming holding LLC helps you strengthen asset protection, improve privacy,...
