# @edwardcollins_upleveled on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/DJ68ZEgIoN3
- **Gondola URL:** https://gondola.cc/posts/35104110-edwardcollins-upleveled-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/85421264a4.jpg
- **Posted:** 2025-05-21T15:42:13.000+00:00
- **Account Owner:** Edward Collins | Money Lawyer & Wealth Strategist (@edwardcollins_upleveled) — https://gondola.cc/edwardcollins_upleveled

## Caption

Think You’re “Selling” Your Assets to a Trust? 

Read this before you get burned. 🔥 
 
What’s being shared here is a version of a strategy I’ve seen (and dissected) many times. 

And while I respect the creativity… 

The structure? 

🚩 It won’t hold up under scrutiny. 
 
Let’s break this down: 
 
📉 You “quitclaim” your house. 

📉 You sign over vehicles and valuables. 

📉 You assign a promissory note to the trust. 

📉 And boom — you think your assets are protected and future withdrawals are tax-free? 
 
Not so fast. 
 
❌ If the trust never actually pays you for the assets, it’s not a legitimate sale. 

❌ If you still benefit from the assets, it’s not a completed gift. 

❌ If you control the trust and remain the beneficiary, it’s not real asset separation. 
 
And here’s the danger: 

🔹 Creditors can pierce through it. 

🔹 Judges can void it under fraudulent conveyance rules. 

🔹 The IRS can reclassify the structure and impose taxes, penalties, or worse. 
 
Oh—and let’s put this one to bed: 

“Common Law Trusts” don’t exist anymore. 

Every state in the U.S. has statutes governing trusts. 

If your trust doesn’t comply, it won’t protect you. 
 
Here’s the truth: 

Trusts are powerful — when used correctly. 

They can reduce taxes, protect assets, and create lasting legacy. 

But only if they’re structured within the actual legal and tax framework. 
 
If you want strategies that work in real life — not just on whiteboards or TikTok… 

👇 Drop GOB in the comments and I’ll send you a free training that explains how real asset protection is done. 
 
 — 
 
Credit (TikTok): Stone Dorough – stone.dorough 

 SF0681

## Stats

- **Views:** 15
- **Likes:** 296
- **Shares:** 0
- **Comments:** 81

## 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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