Ever wonder how the ultra-wealthy fund lavish lifestyles without paying massive income taxes? They use a completely legal estate planning framework known in wealth management as "Buy, Borrow, Die." ​Here is exactly how it works in three steps: ​1. BUY: They invest heavily in appreciating assets (like stocks, real estate, or businesses). Under IRS rules, you owe zero taxes on wealth accumulation as long as you don't sell the asset. ​2. BORROW: Instead of selling assets for cash (which triggers...

The "Buy, Borrow, Die" Strategy: Explained Simply

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​The "Buy, Borrow, Die" Strategy: Explained Simply

More from Bougie Trash LLC

The "Buy, Borrow, Die" Strategy: Explained Simply