Think trusts protect your assets? Think again. There's a massive amount of misinformation about trusts, and most people (including attorneys) get it wrong. Whether it's revocable vs. irrevocable trusts, asset protection, probate, or the hidden tax implications—this episode will clear up the confusion and show you exactly how to use trusts the right way.📌 CHAPTERS:0:00 – Intro: The Truth About Trusts That No One Talks About2:36 – The Biggest Myths About Trusts (And Why People Get It Wrong)3:53 – How Many Trusts Are There? (Hint: More Than You Think)6:57 – The Real Purpose of Trusts: It’s Not What You Think12:30 – Revocable vs. Irrevocable Trusts: The Crucial Difference22:10 – Why Revocable Trusts Don’t Protect Your Assets33:03 – The Power of Irrevocable Trusts (And What You Must Know)39:50 – The #1 Mistake People Make When Setting Up a Trust43:40 – Why Your Family is the Biggest Threat to Your Trust50:53 – The IRS’s New Trust Rules You Need to Know55:10 – Why You Should Never Rely on Just a Trust (Corporate Structures Matter)~~~~Hit Subscribe + ring that bell ~~~~Meet Mark Lewis, EA a trusted tax professional who has earned one of the most prestigious credentials in the field - he's an IRS Enrolled Agent (EA). An enrolled agent is the highest credential the IRS awards tax professionals and are the only tax professionals licensed by the IRS with unlimited rights to represent taxpayers before the agency. He has emerged with cutting-edge solutions for business owners who want to become their own financial gatekeepers. His Mission: We Bridge The Gap Between Wall Street Wisdom and Main Street Success.What you can expect:* Tax bills slashed by up to 50% (or more)* Impenetrable fortresses built around their assets* Legacies crafted to last for generations* Real deal on crypto, options trading, and investment strategies Start Here: linktr.ee/ExecutiveMoneyStrategies~~~~Social:Instagram https://www.instagram.com/marksmoneystrategies/ Facebook https://www.facebook.com/marksmoneystrategiesTikTok https://www.tiktok.com/@marksmoneystrategiesLinkedIn https://www.linkedin.com/in/markedwardlewis/~~~~The information provided in this video should not be construed as legal, tax, or investing advice. This video is designed for entertainment purposes only. You should not act on any of the information contained herein without seeking professional advice.~~~~For More Resources:Trusts: 3 myths and the real story behind themMyth #1– My family member will make a great trustee. Myth #2: It’s tough to get distributions from a corporate trustee.Myth 3: A corporate trustee can’t manage a trust that has illiquid assetshttps://privatebank.jpmorgan.com/nam/en/insights/wealth-planning/trusts-3-myths-and-the-real-story-behind-themMyths and Facts About Trusts- Myth:  My will is the only estate planning document I need. Fact:  ONLY assets in your (single) name are controlled by your will.https://www.counseltrust.com/individuals-organizations/trusts-estates/myths-facts-trusts/The Truth About Trusts- From revocable living trusts to charitable remainder trusts to celebrity trusts gone wrong, trusts are one of the most misunderstood estate planning toolshttps://cpllawfirm.com/blog/the-truth-about-trusts/#entrepreneur #finance #financialfreedom