I am thinking about setting a trust in about a year. Going to be starting college in the next few months, I figure once I'm based on statist's. I will most likely make around 65k after taxes.
I'm pretty cheap and plan on only spending maybe max 30k. A year and after idk two years. I am most likely going to purchase a bank foreclosure for around 50-60K. After that I'll be using max 15K a year on living expenses.
I have plans to use the rest on investments in rentals and my retirement fund. FYI I plan to retire between 40-45. Still going to work just not more then 10-15 hours a week. And the amount of money. I'll be making from the rentals will be more then enough money to live on for the rest of my life.
I just need to know If starting a trust early would have some money saving benefits?
September 07, 2019 at 10:03PM
