# @edwardcollins_upleveled on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/DKNKtRWoRTt
- **Gondola URL:** https://gondola.cc/posts/35104103-edwardcollins-upleveled-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/9a4245d5b1.jpg
- **Posted:** 2025-05-28T17:33:51.000+00:00
- **Account Owner:** Edward Collins | Money Lawyer & Wealth Strategist (@edwardcollins_upleveled) — https://gondola.cc/edwardcollins_upleveled

## Caption

Want Asset Protection? Here’s What They Don’t Tell You. 

If you’re considering an asset protection trust, understand this: 
 
They’re always irrevocable. 
 
Yes, some states (like Nevada, South Dakota, or Delaware) allow self-settled trusts — meaning you (the grantor) can still benefit from the assets. 
 
But they’re still irrevocable. 

And that opens up an entirely different can of worms: 

 ❌ Taxes. 

Irrevocable trusts live in their own tax ecosystem. 

And it’s brutal. 
 
Only four tax brackets. 

Top bracket hits at just $15,200 of trust income. 

Meaning income gets taxed at 37% very quickly. 
 
So yes, the protection is real. 

But so is the tax drag—unless you plan correctly. 
 
Here’s one way around it: 

✅ Distribute income to beneficiaries. 

✅ Let them pay taxes at lower personal rates. 
 
But that requires precision. 

Because irrevocable trusts come with powerful benefits, but tight restrictions: 
 
🔒 Asset Protection. 

🏛️ Advanced Estate Planning. 

🧬 Long-Term Legacy Control. 
 
This is not a loophole. 

It’s a high-powered legal tool. 
 
And like any tool—it’s only as good as the hands that use it. 
 
So if you’re thinking about going this route, the next step isn’t setting up the trust… 

It’s getting the right guidance. 
 
👇 Drop the word “apply” and let’s find out if this is the right tool for your strategy. 
 
Credit (TikTok): 
Andre Pennington – andre_pennington 

 SF0683

## Stats

- **Views:** 44
- **Likes:** 161
- **Shares:** 0
- **Comments:** 10

## Credits

These are the roles credited on Gondola. Credits may be incomplete.
A brand, account owner, or featured person is not necessarily the creator.

| Name | Username | Profile | Role |
| --- | --- | --- | --- |
| Edward Collins | Money Lawyer & Wealth Strategist | @edwardcollins_upleveled | https://gondola.cc/edwardcollins_upleveled | Talent |
| Hector Garcia | @Hector_FilmSchool | https://gondola.cc/Hector_FilmSchool | Content Producer |

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