Is a Deferred Sales Trust a Better Alternative to 1031 Exchange with Garrett Griffin

Prosperity Through Multifamily Real Estate Investing

It’s no secret that real estate entrepreneurs benefit from some of the most beneficial tax advantages and strategies available to investors. As real estate entrepreneurs, we are constantly seeking opportunities to preserve our wealth and keep more of it. But some of those tax advantaged strategies, like the 1031 Exchange, are under attack and could potentially be eliminated from the tax code with the changing of the presidential guard. So, what other alternatives, if any, will remain available.

Our guest on today’s episode is Garrett Griffin, an approved Deferred Sales Trust Trustee who believes that private capital remaining under family control does more to serve the needs, goals, values, and objectives of their family, their causes and society as a whole, rather than passing 35-45% in taxes to the government. Garrett offers insight into how to handle your accumulation, distribution, and ultimate transfer of wealth tax-efficiently and safely with a Deferred Sales Trust. In addition to acting as a Deferred Sales Trust™ Trustee, Garrett serves clients through his law firm, Legacy Legal and is the Director of Business Strategies + Advanced Planning for Prevail Innovative Wealth Strategies.

After graduating from Cameron High School, Garrett received his B.S. in Business Administration from William Jewell College in 1998. Garrett is a graduate of the University of Missouri – Kansas City School of Law (J.D. 2001 and LL.M. Taxation 2005) and was admitted to the Missouri Bar in 2001 and the Kansas Bar 2006. He believes you should have a plan for your future when there is so much at stake. That’s why he helps you maximize your family wealth and reduce your risks.

In this episode, we cover:

What is a Deferred Sales Trust?

Why should we be proactive with wealth planning now vs later?

Recycling of tax advantaged capital using the Deferred Sales Trust.

Can I utilize a DST if my goal is to continue to transact and acquire more assets?

Is the Deferred Sales Trust more beneficial than the 1031 Exchange?

The importance of having financial literacy and understanding how to best utilize these tools to your advantage is understated. Ultimately, it’s not about how much money you make, it’s about how much wealth you can keep and leave as a legacy for your family. There’s a lot of opportunity on the horizon and the applicability of the Deferred Sales Trust to many of these situations is paramount.

Garrett addresses each of these pressing questions and so much more in this information-packed episode!

To learn more about and connect with Garrett, visit:

www.legacytaxstrategies.com

LinkedIn: www.linkedin.com/in/garrettgriffin.

Resources mentioned:

Legacy Tax Strategies