Asset Protection Trust Insights for Real Estate Investors with KC Chohan
How can you protect and grow your real estate wealth across generations?
In this engaging episode, KC Chohan explains how trusts can help real estate investors protect assets, maintain privacy, reduce taxes, and pass on wealth. Learn the key differences between LLCs and various trust structures, when trusts start to make practical sense based on your net worth, and how to set up guardrails so future generations preserve (instead of lose) family assets.
KC Chohan is the Founder of Together CFO, providing fractional CFO services, accounting, and bookkeeping to help high-net-worth families protect their wealth and assets. Motivated by bridging the gap in financial literacy, especially for first-generational wealth, KC pushes himself to continually learn and understand advanced asset protection and legacy planning strategies. As a writer for Forbes Magazine, professional speaker featured in various major media outlets, and resident CFO expert for high-level masterminds, KC Chohan is on a mission to equip one million business owners with the tools and education for robust asset protection and lasting generational legacy.
[00:00 – 00:06] What is a Trust and What Does it Do?
- A trust is a 3-party legal contract between the grantor, trustee, and beneficiary
- It bifurcates asset ownership for protection and can create a generational legacy
- Over 84 types of trusts exist, so first clarify goals before selecting a structure
[00:06 – 00:14]Can I Be Both Trustee and Beneficiary for Maximum Protection?
- Asset protection ties to legal ownership liability
- Bifurcating ownership with trustee vs beneficiary provides confusion against lawsuits
- Anonymity and reduced attack surface safeguard wealth
00:14 – 00:20 At What Net Worth Do Trusts Start to Make Sense?
- Even simple wills can work for smaller estates to pass on some assets
- Mid-size estates between $100k-$1M benefit from basic living trusts
- Larger estates over $1M need customized, complex trust solutions
[00:20 – 00:28 ]Beware Major Tax Implications If Done Wrong
- Asset transfers or sales can trigger significant capital gains taxes
- LLC membership structure provides more flexibility than S-corp shares
- Consult professionals to navigate ownership changes
- Book recommendation: Think and Grow Rich
- Who inspires KC?: Ray Dalio
Quotes:
“It’s really important to understand what it is you’re trying to achieve at the offset before getting into such structures.” – KC Chohan
“When most people at least come to speak to us, they’re actually looking for a lot more than that. That’s one piece of the pizza pie.” – KC Chohan
Connect with KC:
Website: https://www.togethercfo.com/
Apply to Invest with Taylor at www.investwithtaylor.com
Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com
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About our Guest
Guest Name
KC Chohan is the Founder of Together CFO, a fractional CFO Services, accounting, and bookkeeping firm based in Los Angeles, California. His CFO strategies have been the best-kept secret of the elite. He’s an expert on CFO strategy and helps high-net-worth families protect their wealth and protect assets. His deep passion for serving others and educating those who are unprotected.
KC pushes himself to find better alternatives and began to learn and understand the strategies of the elite. Since then, his goal has been to provide education and resources to bridge the gap for first-generational wealth, helping solve their pain point of financial literacy.
KC is a writer for Forbes Magazine and a professional speaker, who has been featured in Entrepreneur Magazine, NBC, Yahoo Finance, and Fox News. KC has spoken at many events including, the Accounting and Finance Conference, The Money Show, the California Association of Business Brokers Annual Conference, and many more. He is the resident CFO expert for Sam Oven’s Quantum Mastermind and has been interviewed on numerous cable networks, podcasts, and publications.
KC Chohan is on a mission to bridge the gap of asset protection, and lasting legacy for 1 million business owners.
