Biggest Mistakes People Makes When Setting Up Trusts
Channel: Esquire Group
Date: 2023-01-04

Learn about the biggest mistakes people make when setting up a trust or foundation.

If you have questions about trusts or foundations or are interested in setting one up, email us at info@esquiregroup.com.

In this video, you will learn the biggest mistakes HNWIs make when setting up a trust or foundation. 

1. Not properly planning trust management.
2. Choosing private rather than professional management.
3. Not properly funding the trust.
4. Maintaining too much control.
5. Treating trust assets as their own.
6. Waiting until a problem arises to setup a trust.
7. Failing to report their foreign trust to the IRS (applies to U.S. persons)
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Hi! I am Jimmy Sexton, LL.M. – Founder & CEO of Esquire Group. I founded Esquire Group with the objective of helping and inspiring wealthy families, investors, entrepreneurs, and high-level executives obtain and gain control over and protect their wealth, via strategic wealth planning. 

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--------------------------------------------------DISCLAIMER--------------------------------------------------------
This video is prepared for educational purposes only. This video is not legal, tax or any other type of advice. Each individuals’ circumstances are different, you should seek legal and/or tax advice to address your specific situation and any questions you may have.