On this episode of the Scouting For Growth podcast, Sabine VdL talks to Sally Gimon, an absolute superstar in the world of real estate investing and financial education. After getting hit with a $79,000 tax bill from her wholesale real estate activities, Sally uncovered an incredible secret used by the mega-rich to save BIG on taxes. What she found led her down the rabbit hole into the realm of Spend thrift Trusts which have been tucked away in the tax code for over 100 years & used by families like the Rockefellers to shield assets and minimise taxes legally. KEY TAKEAWAYS I help US business owners save at least 90% on their Federal income taxes legally, year after year, generation after generation. In 43 states where there’s state or personal income taxes, I help them save money too. That’s money that can be used to pay off the mortgage, help a family member out, go on vacation, save for retirement, or give to charity.  The Rockefellers’ trust is called The Office, they hire 26 CPAs (they can afford it), & it goes from generation to generation, it’s complex, it’s discretionary – meaning the trustee can make the rules for the beneficiary, someone who is not a beneficiary can sign up for the trust & the become a trustee for 5 minutes – someone at a law firm or myself can do this for them for free. It’s has been in front of the Supreme Court twice & both times has been honoured. This is in the IRS tax code, it’s legal but not many people know about it. The Rockefellers, DuPonts, Carnegies, OJ Simpson, Robin Williams, they all have a Spendthrift Trust meaning Robin Willimas’ 3 grown children will pay no royalties for his TV shows, movies, comedy acts. If they can do this, everybody should do this. This comes from England hundreds of years ago, though it has a different name.  With the Spendthrift beneficial trust, if the average person joining my real estate group is a 56 year old man who is wholesaling or fixing & flipping a house & makes $50,000 on that deal & are on 24% filing jointly (1 of 7 tax bracket in the US), they will save over $12,000 on that first property. If they do 2 properties in one year, they pay for that trust for generation after generations. On the business trust side, I recommend someone who is making at least $80,000 gross, you will save about $17,000 a year or more depending on the state. BEST MOMENTS 'If the Rockefellers can do it, why can’t Sally?!’ ‘Since November, 5 of my businesspeople who have the business trust have started the beneficial trust because they were saving so much money that they wanted to start lending money to real estate investors.’ ‘This is not taught in schools and universities. There are 1 million active attorneys, only 4% are trust attorneys who work for very well-healed people, I’m just trying to help the average person.’   ABOUT THE GUEST Sally Gimon, a seasoned Medicare broker turned real estate investor, epitomises the transformative power of financial literacy. Her journey began in late 2018, amidst personal challenges, when she pivoted to real estate investing to secure her future. Sally's acumen shone through as she wholesaled seven properties in 2019, erasing her debts & earning acclaim within her real estate community. However, a staggering tax bill in 2020 was a wake-up call that led her to a profound discovery: the Spendthrift Trust.  Sally delved into the strategies of the affluent, uncovering how such trusts could shield investors from hefty capital gains and other taxes while maintaining privacy & asset protection. Find out more about Spendthrift Trusts framework and approach and to reach out to Sally. You can find out more and set up a call with Sally here ABOUT THE HOST Sabine is a corporate strategist turned entrepreneur. She is the CEO and Managing Partner of Alchemy Crew, a venture lab that accelerates the curation, validation, & commercialization of new tech business models. Sabine is renowned withi