A tax-smart guide to keeping more of the wealth you build
Three obstacles to wealth-lawsuits, income taxes, and estate taxes-can and will destroy the financial achievements of those who fail to properly safeguard their assets. In this book, attorney and tax strategist J.J. Childers lays out a plan for combating these forces so that anyone willing to learn and apply the secrets of the wealthy can do so in a smart, simple, and effective way.
J.J. Childers (Little Rock, AR) is a licensed attorney specializing in wealth structures that reduce taxes and shield assets. He speaks on these topics to thousands of individuals, investors, and small business owners each year. His unique ability to explain complicated strategies in simple terms has made him one of the nation's most sought-after speakers and practitioners on asset-protecting legal structures.
Donald Trump has branded a core set of texts on personal finance that will probably sell quite well thanks to the power of his imprimatur. In that role, Trump has provided a generic two-paragraph foreword for all the books in this series. The author, J.J. Childers, offers a good basic text that explains the whys and hows of arranging assets to protect them from lawsuits and taxes, particularly estate taxes, in the U.S. He also discusses how to keep more money by structuring your wealth properly. This is all great advice, but the book’s real value is that it makes you aware of these basic personal finance concepts, and gets you strategizing clearly about how to hang on to – and protect – your earnings. getAbstract finds some good advice in this primer on asset protection, though you may want to supplement it with more advanced materials as you develop a deeper understanding of this important subject.
As a lawyer who works with asset protection issues, I found this book to be right on point. Trump didn't write it - he had a lawyer write it under the heading of Trump University. While a lot of the strategies are best utilized by those of great wealth, it is still a good, basic guide for those who want to plan carefully for the preservation of their assets.