1. The Spendthrift Trust: Statutory Law Trusts VS Contract Law Trusts 17:11

If you’ve ever wondered what the differences are between a statutory law trust and a contract law trust, you’ve come to the right place, although the answers may not be what you’re expecting. In this episode, I explain what a trust is; what a statutory trust is; what a contract law trust is; what is IRS Code 643(b), how the IRS has vetted THIS non-grantor, irrevocable, complex, discretionary, spendthrift trust; and what attorneys and CPA’s get wrong about contract law trusts, especially THIS one. Enjoy!

Dohn Thornton The Infinite Wealth Strategist

Hi I'm Dohn Thornton. I'm a Senior Trust Specialist, and a real estate investor. To put it in a nutshell, I help anybody not on a W2, legally reduce their taxes by as much as 97%, while getting 100% lawsuit-proof asset protection. I spent 20 years making lots of money in real estate; yes, it just caused me to pay more money in taxes.

After learning about this amazing "Ironclad" trust, this Non-Grantor, Irrevocable, Complex, Discretionary, Spendthrift trust, and how I was able to legally reduce my taxes to ZERO, I started telling people about it. I wrote 5 eBooks about it and started sharing them with people. Next thing I knew, I was getting interviewed on podcasts. But the coolest thing is that people kept sharing their stories with me, and asking me how they could get a trust!