Travis Allen

Using Trusts for Asset Protection
1️⃣ For assets like cars, move them out of your personal name and into a title trust. This separation shields your ownership from potential claims
2️⃣ Real estate? Shift it from your name or living trust to a land trust. A Land Trust usually bears the property's name, offering anonymity
3️⃣ Establish a Wyoming LLC as a holding company for your assets. It provides charging order protection, limiting what plaintiffs can seize
4️⃣ For the ultimate protection, consider an offshore trust with a foreign trustee. Assets flow into a separate trust beyond US Court jurisdiction. You still report income but fend off US plaintiffs.

MASSIVE 2023 Tax Write Off: Bonus Depreciation
1️⃣ Introduced in 2018 by the Tax Cut and Jobs Act.
2️⃣ Typically, property depreciation takes decades (27.5 or 39 years).
3️⃣ Utilize a Cost Segregation Study to identify shorter-lived components.
4️⃣ Separate and categorize items with a lifespan of 20 years or less.
5️⃣ You can deduct the full amount of these items in the first year (think carpets, windows, landscaping).
6️⃣ Typically, it's 25-35% of your property's value.
7️⃣ In 2023, you can write off 80% of this against your passive income.
8️⃣ Example: A $1M building with 30% eligible = a $240,000 deduction!
9️⃣ Any unused deductions can be carried forward for future years.
🔟 A bonus tip: You can also apply this deduction BACKWARD to your 2022 income if it creates a Net Operating Loss.
In addition, if it’s a business property, bonus depreciation is an operating expense! Imagine potentially getting back 24% on every million in real estate on your 2023 taxes…
DON’T WAIT! Bonus Depreciation drops by 20% after 12/31 and eventually disappears. DM me “Bonus Depreciation” for more information.

The Augusta Rule: Wealthy Homeowners Tax Secret

Here's how to unlock incredible tax benefits with this little-known strategy:

➡️Augusta Origins: Born when Augusta, Georgia residents pushed for tax breaks during the Masters golf tournament
➡️14-Day Exception: You can rent your personal residence for up to 14 days a year without reporting the income on your taxes
➡️Tax-Free Income: Imagine charging $3,000 per night for 14 nights—that's $42,000 tax-free!
➡️Multiply the Perks: If you have multiple residences, apply the Augusta Rule to each one
➡️Business Advantage: If you're a business owner, your company can rent your home for corporate purposes during those 14 days, with tax write-offs

Don't leave money on the table - take advantage of this strategy in 2023 🏡💰

What Is a Bulletproof Trust?

1️⃣ Start with a trust in a jurisdiction like the Bahamas, where you can manage assets normally, but with offshore benefits.

2️⃣ When legal challenges arise, activate a trigger provision, shifting assets to a Nevis LLC.

3️⃣ This Nevis LLC is, in turn, owned by a Cook Islands Trust, renowned for some of the strongest asset protection laws in the world

For more information DM "Bulletproof" or click link in bio