In this informative webinar about the Deferred Sales Trust ™ and how Business Development can Accelerate your Growth, we interview Paul Brar, our new Director of Business Development, who discusses how to use a Deferred Sales Trust as a growth tool based on his previous experience in Asset Management.
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4 Wealth Preservation Strategies and How To Implement Them
You invest significant resources into growing your assets, understanding that risk is always involved. However, no matter your risk tolerance level, developing wealth preservation strategies is essential in maintaining financial health now and into the future.
Liquid and Illiquid Assets
Liquidity is a key concept in the investment world. As you acquire or sell assets, a critical consideration is how the asset, or its sale, will impact your short- and long-term financial health. Does it expose you to increased risk or protect your financial security? Does the asset generate a regular income, or can you convert it to cash quickly in an emergency?
How Do Capital Gains Work?
The federal and most state governments consider any property you own to be an asset. Profiting from an asset’s sale results in a monetary (or capital) gain. When the sale meets specified criteria, the government levies a tax on the profit. There are two types of capital gains taxes and tax rates. You incur taxes for the year you sell the asset unless you use a strategy that qualifies for deferment, such as a deferred sales trust.
Can a Deferred Sales Trust Really Help?
If you are considering selling an asset, you might receive advice to use a deferred sales trust to defer capital gains taxes. The information about DST is often confusing. While it’s an excellent solution for some, it isn’t always the answer.