BUY BORROW DIE: HOW TO AVOID TAXES LIKE THE RICH

The “Buy, Borrow, Die” strategy has been adopted by affluent individuals who enlist the aid of financial planning specialists to maintain their lavish lifestyles while minimizing taxes.

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The ‘Buy, Borrow, Die’ concept explores how wealthy people can conserve their wealth for future generations by reducing their tax burden.

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The strategy depends on investing wisely and using legal tax planning loopholes instead of unscrupulous practices.

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How Does a Buy, Borrow, Die Strategy Work?

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First, a wealthy person must have a high amount of wealth and use that wealth to buy assets.

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Instead of selling your investments for cash and triggering capital gains taxes, you could borrow money by pledging your assets as a surety.

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