“There's huge tax implications on a discretionary trust that aren't there on a vulnerable person's trust or a disabled person's trust.”
JB
John Brenchley
The Meaningful Money Personal Finance Podcast ·
“You could have a whole-of-life insurance policy that pays out to look after this vulnerable beneficiary. That's a great gift that you could do there.”
John Brenchley · The Meaningful Money Personal Finance Podcast · Planning for vulnerable beneficiaries with John Brenchley
Play from 38:59
38:59
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What was described
recommend grandparents use a whole-of-life insurance policy that pays out to a vulnerable person's trust to provide quick funding
Said nearby on the same subject
“We put your 4 million into an income annuity… we put it into a life insurance policy, put the life insurance policy into an irrevocable life insurance trust… 12 million free of taxation to his children”
♫
Said on Entrepreneurs on Fire
“Check which super fund you're actually in. As I said, most of the JMS don't know, and check you're not paying for insurance inside it that you don't need”
DR
Dev Raga
Dev Raga Personal Finance ·
“Life insurance is one of the rare places you can pull funds without paying any income tax on the distribution.”
♫
Said on Entrepreneurs on Fire
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