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Tax, SDIRAs & Cost Segregation

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Jack B.
  • Rental Property Investor
  • Seattle, WA
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Anybody ever done an irrevocable trust?

Jack B.
  • Rental Property Investor
  • Seattle, WA
Posted Nov 24 2020, 09:45

So I'm considering retaining an attorney to create a Wyoming Irrevocable Trust to protect some of my assets.

My rental properties are mortgaged so I can't put them in there, but I want to put money in an account in the trust.

How do I avoid having the attorney's steal the money? Do they have access to the account or is the account only controlled by me? I would think that items in a trust are controlled by the attorney at my behest, so they would have access to the money....

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