Would you like to do more with your money rather than sell and chop up the proceeds to the various government agencies or taxing entities and then reinvest in the difference? We’ve got you covered on this episode through a financial tool that can allow you to do several beautiful things as an entrepreneur, an investor, and a business owner. Brett Swarts and Jake Mellor explain more!
WHAT TO LISTEN FOR
- What is deferred sales trust and how to take advantage of it?
- 1031 tax-deferred exchange vs. deferred sales trust (DST)
- Guide questions to understand Deferral, Deduction, Exemption (DDE)
- Pros and cons of using 1031 and DST
- Requirements to establish a 1031 or a DST
- 1031 Exchange
- Marcus and Millichap
- Cheesecake Factory
- Kevin Harrington
- Seasons of Life by Jim Rohn | Audiobook & Paperback
- The Innovator’s Dilemma by Clayton M. Christensen | Audiobook & Paperback
ABOUT BRETT SWARTS
Brett is a Deferred Sales Trust™ Trustee, DST expert, capital gains tax deferral expert, investment real estate expert, multifamily broker, and the founder of Capital Gains Tax Solutions – a company helping individuals to defer capital gains tax on the sale of their highly appreciated assets, eliminate the need for a 1031 exchange and unlock transformational wealth-building options so they can create & preserve more wealth.
He created ‘Capital Gains Tax Solutions’ to equip high-net-worth individuals and their trusted advisors with the Deferred Sales Trust™ tool to help them solve capital gains tax deferral limitations. The first step to a great exit and wealth plan is to clarify your exit plan and prepare to sell your highly appreciated asset when the time is right for you. The second step is to set up the DST, sell your asset and defer your capital gains tax. The last step is to invest the funds in a diversified portfolio of liquid investments, real estate, or business ventures. The foundation of these three steps is timing and using the Deferred Sales Trust.
ABOUT JAKE MELLOR
Jake Mellor is the CEO/Founder and Principal Broker of the Strategic Wealth Solutions, Strategic Tax Solutions, Strategic Insurance Solutions, and A+ Farms. An MBA, Master of Accountancy, is a CPA Candidate and has been advising clients as a Certified Financial Planner Practitioner since 2012. He provides comprehensive consulting services for all aspects of operating and growing their business.
CONNECT WITH BRETT & JAKE
- Website: Strategic Tax Solutions l Capital Gains Tax Solutions
- Phone Number: 1800-773-1848
- Youtube: Capital Gains Tax Solutions
- Instagram: @brett_swarts
- Facebook: Capital Gains Tax Solutions
- LinkedIn: Capital Gains Tax Solutions
- Book: Building a Tax-Deferred Exit Strategy
CONNECT WITH US
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