Should I Use a Nominee? (Purpose and Benefits Explained)
Channel: Esquire Group
Date: 2021-09-23

Should I Use a Nominee? (Purpose and Benefits Explained)

Don't forget to subscribe: https://www.youtube.com/channel/UC9IacrMVN8B_oU5APENiMLw?sub_confirmation=1

Have any questions? Contact us: https://esquiregroup.com/contact/

In today's video, I will be covering whether or not you should use a nominee, along with what a nominee is, and who should not use one.

A nominee is a person or organization named to act on behalf of someone else. But make no mistake, you are still the beneficial owner and still have to report the activity done by the nominee on your behalf. 

There are a few unique circumstances where using a nominee can work for a person’s benefit, but guess again if you think any of the benefits include some slick under-the-radar tax savings (read: tax evasion).

00:00 Intro
00:26 What Is a Nominee 
03:00 Why Shouldn’t I Use a Nominee?
06:18 Summary

Thanks for watching! If you found this video to be helpful and informative, feel free to leave a like rating and a comment below, and also subscribe to our channel for more videos like you just watched.

Website: https://esquiregroup.com

About Jimmy Sexton:

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.

Connect with me on LinkedIn: https://www.linkedin.com/in/jimmysextonllm/

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.