Sally Gimon on Trusts, Financial Growth, and Lessons from COVID-19

S2 E96 • Nov 1, 2025 • 32 mins

In this episode of Wisdom on the Front Porch, LS Kirkpatrick chats with Sally Gimon about her journey into trust law and the creation of her own company during COVID-19. Sally highlights the advantages of the spendthrift trust, shares client success stories, and offers tips for new investors. They discuss the importance of financial support for family and giving back, reflecting on the pandemic's impact on business and social interactions. Sally also invites listeners to her free class and shares ways to connect. Tune in for insights and a final message from LS Kirkpatrick.

Key Points

Investing in a beneficial spendthrift trust can significantly reduce federal and state income taxes for business owners and investors.
The Rockefeller spendthrift trust is a legal strategy that can eliminate capital gains, interest income, dividend income, rental income, and royalty income taxes for U.S. investors.
Personal stories and experiences can be powerful motivators for exploring innovative financial strategies and seeking new opportunities.

Speakers

LS Kirkpatrick

Host • 34%

Sally Gimon

Guest • 65%

Chapters

0:00	Introduction and guest introduction
0:33	Sally's background and challenges during COVID-19
2:00	Introduction to and benefits of the spendthrift trust
5:15	Success stories with the spendthrift trust
7:11	Encouragement for new investors and ideal clients
9:42	Sally’s journey into trust law and starting her own company
18:29	Supporting family financially and the importance of giving back
23:35	Family stories, their impact, and COVID-19 reflections
29:24	Post-COVID changes in business and social interactions
30:03	Sally Gimon's free class and client success stories
31:34	Closing remarks and how to connect
31:41	Host's final message and call to action

Transcript

Loading transcript...

- / -