Legacy IMO insights
Strategies, structures, and financial perspective
Explore articles about asset protection, tax planning, business structuring, real estate, and long-term wealth strategy.
Buying a Property Subject-To Without Cash
Can you purchase a home without money, credit, or without having to take out a new loan or sign for debt? The answer may surprise you. Yes. Yes, indeed. The way to do it is to purchase “subject-to,” a term meaning taking ownership to houses without signing for debt or
Benefits to Investing in Real Estate
Real estate has been one of the primary wealth-building vehicles for the ultra-wealthy for centuries. Here is why it remains one of the best investments available today. The Tax Advantages of Real Estate Real estate offers some of the most powerful tax advantages of any investment class. Depreciation allows you
About Rich & The Bull, Nick Fortune – Who are these guys?!
Find out what motivated us [Rich & Nick] to create the Rich & The Bull Show… we are going to tell you WHO we are, WHERE we came from & WHY you should watch the show. More video topics are coming your way. Watch the Rich & The Bull Show
Asset Protection Trusts
One of the most powerful and best trusts is the asset protection trust. The asset protection trust, unique to all others, is made to benefit the trust’s creator (called a self-settled trust). Basically, an asset protection trust allows someone to cede legal ownership of assets while continuing gaining the benefits
Buying a Property Subject-To Without Cash
Can you purchase a home without money, credit, or without having to take out a new loan or sign for debt? The answer may surprise you. Yes. Yes, indeed. The way to do it is to purchase “subject-to,” a term meaning taking ownership to houses without signing for debt or
Benefits to Investing in Real Estate
Real estate has been one of the primary wealth-building vehicles for the ultra-wealthy for centuries. Here is why it remains one of the best investments available today. The Tax Advantages of Real Estate Real estate offers some of the most powerful tax advantages of any investment class. Depreciation allows you
Asset Protection Tips
Building assets involves hard work. Typically, you would expect that the assets you’ve accrued through business and hard work shouldn’t be under any risk from future liabilities, lawsuits, and creditors. But that is not usually the case. What Is Asset Protection? Asset protection is the adoption of various strategies to
5 Annual Tax Essentials
Tax planning is not a once-a-year event — it is an ongoing process. However, there are five key areas that every business owner and investor should review at least annually to ensure they are minimizing their tax burden. 1. Review Your Business Structure Your business structure determines how your income
5 Tax Code Changes for 2023
The tax code is constantly evolving, and staying current with changes is essential for minimizing your tax burden. Here are five key tax code changes for 2023 that every taxpayer should be aware of. 1. Increased Retirement Contribution Limits The IRS increased contribution limits for 401(k) plans, IRAs, and other
A Tax That Nobody Knows About: The Phantom Income Tax
Most people have never heard of phantom income — but if you are a partner in a partnership, a member of an LLC, or an investor in certain types of funds, you may owe taxes on income you never actually received. What Is Phantom Income? Phantom income is income that
Business in Nevada
Nevada legislature has pushed for the creation of a business-friendly legislature for years in order to make it a more attractive state for businesses looking for tax advantages and laws that promote their business rather than smother it. Why Nevada? Fortune magazine stated that “Nevada\’s attraction is that it has
Business Succession Planning
Every business owner will eventually leave their business — whether through retirement, sale, disability, or death. A business succession plan ensures that transition happens on your terms, preserving the value you have built and protecting your family and employees. Why Succession Planning Matters Without a succession plan, the future of
Buy-Sell Agreements
A buy-sell agreement is a legally binding contract that governs what happens to a business owner’s interest when a triggering event occurs — such as death, disability, retirement, or divorce. It is one of the most important documents a business partnership can have. What Triggers a Buy-Sell Agreement? Common triggering
Best Way to Invest Money to Make Money
The wealthy do not invest the same way most people do. They use strategies that minimize taxes, maximize leverage, and create multiple streams of income. Here is how they do it. The Tax-Efficient Investor The single biggest drag on investment returns is taxes. The wealthy focus obsessively on tax efficiency
Bitcoin Is All the Rage — Here’s the Facts
Bitcoin and cryptocurrency have gone from a niche technology experiment to a mainstream investment asset class. Before you invest, here are the facts you need to know. What Is Bitcoin? Bitcoin is a decentralized digital currency that operates on a peer-to-peer network without a central authority. It was created in