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Podcast: Financial Residency
Episode: Grand Rounds - Exploring anonymity trusts, tax shelters and depreciation investments with Scott Royal Smith
Description: This episode is sponsored by Freed.AI - Get 50% off your first month of using their AI-powered medical scribe software! Add FR50 to your cart! Scott Royal Smith is an asset protection attorney. His firm specializes in tax deductions, shelters, depreciation analysis and real estate planning. Today we explore protecting yourself through a combination of anonymity trusts and LLCs, establishing private foundations to create a tax shelter, investing in oil and gas to gain beneficial depreciation to offset W2 income and becoming a real estate professional to boost investment return and depreciation against taxes. ...