5 Quick and Easy Steps to Fund Your Living Trust

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Toby Mathis Esq | Tax Planning & Asset Protection

8 жыл бұрын

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The importance and benefits of forming a living trust is clear: No time or money spent on probate, knowing that your wishes are protected in a legally binding document, and keeping your estate out of public record after your passing (just to name a few).
How do you know if your living trust is set up correctly and ready to take effect in the event of your passing?
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
800.706.4741
AndersonAdvisors.com
The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

Пікірлер: 309

@TobyMathis 2 жыл бұрын

Have questions about this video? Sign up for a free consultation to get your questions answered by the professionals. aba.link/c04d71

@kathrynmancarella6506 2 жыл бұрын

thank you... EVERYONE NEEDS THIS INFO. Governments own the schools, they only teach what they want us to know. THANK YOU!!!! I need to speak with you. I left you a message on fb. Its the weekend, I plan to call on Monday. Enjoy your weekend!!

@lisettestevenson9826 2 жыл бұрын

What is my sons last name is different then mine?

@williamsbrunt1242 Жыл бұрын

Too+qqqqqqqq+q+qq+qq+q+++++++++ b

@angai65 Жыл бұрын

How much is your living thrust fees, with 2 homes

@theexecutivefarmer4327 2 жыл бұрын

This is so stressful, I’ve just decided to live forever

@bryceharper446 2 жыл бұрын

Have you dealt with social security stuff yet!? They confuse us on purpose.

@jill9646 2 жыл бұрын

Lol. 🤣

@scottixander5335 2 жыл бұрын

😳

@ralphweber2522 2 жыл бұрын

😂

@jujuapple6706 Жыл бұрын

The problem is no one lives forever!

@marcsantamaria4097 2 жыл бұрын

I'm a lawyer and took estate planning classes, but your presentation is just as informative. Thanks!

@FredFlintstone21 4 жыл бұрын

Thanks for taking the time to educate us of all the variables in setting up a rock solid trust! Very well done sir! 👍👍😎😎

@BVaughanfulk 3 жыл бұрын

As a EMT, we do not have time to go through purses or glove boxes. Our job is to get you to a doctor as fast as possible. Anyone who asks anything. We don’t say anything unless they present the paperwork

@Gruene2010 5 ай бұрын

True. But in my experience, the EMT has the personal belongings when possible, hands it to ER staff, and they get info from personal belongings- or police.

@wompol7117 2 ай бұрын

anyone with a DPA should have it on their medical bracelet (or electronic copies immediately available)

@kukurei Жыл бұрын

How do i create a trust that runs for generations. Example just touch half the dividends of a mutual fund?

@boo3406 4 жыл бұрын

Clear and concise explanations of living trusts. Love it!

@vivianmadisonmahoney9457 2 жыл бұрын

The Best....much much better than the ones I paid $2,600.00 to.

@michelepaine8480 3 жыл бұрын

Thank You!!! The best video explaining the Trusts and how they work. Ever.

@CarmenBIGPRESSURECaBoom 2 жыл бұрын

I really do appreciate this great, valuable and beneficial information and I really do appreciate how you deliver this information with such ease and this helps for me to digest and understand the information much better. You’re really fabulous in your craft. Thank you so much! 👌🏾💯

@keithjones7269 Жыл бұрын

This presentation is very informative and helpful if you have no knowledge of what a trust is. Listening to it 3-4 times is good.

@amandajohnson7225 Жыл бұрын

This is a DYNAMIC presentation. You come with a different flavor. I can clearly tell & confidently know you know your stuff. That's what you give off. I'm in financial services, and I refer clients out all the time. There's a number of things that I've never heard of from the individuals I refer my clients to. Thanks

@nidaluna5833 2 жыл бұрын

That’s really true. I did that to my dad, Thank you for reminding me.

@JamiSun Жыл бұрын

This is the greatest channel in the history of youtube

@Aboriginal_baby 5 жыл бұрын

Thank you so very much for your efforts, this was really thorough and I learned a lot.

@TobyMathis 5 жыл бұрын

Hi Native baby, I appreciate you taking time to comment and am glad you liked the video and found the content useful. Be sure to subscribe, if you haven’t yet, because we’re releasing helpful videos a couple of times a week.

@a.s.r.3661 Жыл бұрын

Another great explanation. You have a gift. I could listen to you speak for hours and hours. Thank you.

@TobyMathis Жыл бұрын

Thank you, we greatly appreciate your words! Please consider subscribing to the channel for more great content.

@cliffhregis 3 жыл бұрын

Thanks for doing this, much appreciated.

@LeTran-cd4yg 3 жыл бұрын

Thank you for this presentation. It is so important to educate for this Living Trust LLC

@a.hassanbey5942 3 жыл бұрын

Boom, boom, boom!!! Thanks so much. Extremely useful presentation!!

@rosegonz4476 Жыл бұрын

Very informative and nicely put together for the viewer. Great presentation. Thanks so much. God bless!

@davidparsons5918 6 жыл бұрын

This is great news good job guy's I wish you the best in the world we live in today anyways thank you for your videos.

@reneepulliam8423 Жыл бұрын

I didn’t know anything about Trusts. Thank you sir.🔥🔥🔥🔥🔥🔥

@truthseeker8399 4 ай бұрын

Thank you so much for this insight! I am a subscriber of this blog and I have learned so much from it! I did my estate planning in 2015 after I lost my husband of 41 years! I can’t claim I understood what I was doing! This helps me in reviewing the plan in case I need to change anything. Thanks again!!!!🙏🏽

@TobyMathis 4 ай бұрын

I'm sorry for your loss. It's great that you're revisiting your estate plan now to ensure it aligns with your current needs and wishes.

@ileyoruba6884 2 жыл бұрын

Coming across this information is mind blowing

@cosmictechlady 2 жыл бұрын

Thank you for your videos. Just want to make sure that if my husband's parents will be doing an irrevocable trust, but still need to make the rental property an LLC, would you create the trust first, then change the LLC ownership to the trust?

@Celticcross688 2 жыл бұрын

Helpful. thank you.

@marilynstoneberger6411 Жыл бұрын

I found this video extremely beneficial. Thank You Toby. Love the examples you use.

@TobyMathis Жыл бұрын

Glad it was helpful!

@granbwaprop7162 5 жыл бұрын

I so appreciate the way you are explaining this info... very clear and prompt. I want to know more

@TobyMathis 4 жыл бұрын

Thank you! Please subscribe to the Anderson Advisors channel or visit www. AndersonAdvisors.com for more tax and asset protection strategies.

@cliffhregis 3 жыл бұрын

Sak pase!

@DebSherr 2 жыл бұрын

Excellent information on Living Trusts, I thank you for the education. I'm curious to know the result of the Tweety Pie figure. As a collector of similar items, I would definitely know the difference between the actual toy and the one purchased on ebay. Did the siblings reach a shared custody agreement? 🐥

@MrThefatheroftheyear Жыл бұрын

Not solely in Trusts, but in delivery as well, you sir are a master of both crafts. Easily Top 1%. Such splendid work. You have my gratitude for your effort and time.

@TobyMathis Жыл бұрын

Thank you for watching and your kind words!

@debbiethomasen4835 Жыл бұрын

@regularamerican8446 Жыл бұрын

@@TobyMathis can you do trust in texas

@shalomraboya8704 8 жыл бұрын

All of the legal stuff is so confusing, but having a living trust is so important. I wish you guys were in Maryland, my home state, because these presentation was so clear and informative. I understand so much more now...thank you! If you have a referral in or near Bethesda, Maryland you can share, I would be very grateful. Thanks for a great presentation!

@meritholdingllc123 4 жыл бұрын

Shalom, I live in PA and I use Anderson for my personal businesses (WY LLCs) and also used them to help set up a trust and LLC for my parents in SC. Unless your personality, style of learning, and level of trust mandates you meet with someone in person, you should be fine working with Anderson via phone and email. I've never met anyone in person there.

@yagga8885 11 ай бұрын

Agree and you’re amazing as always. One thing though, if the LLC is a professional corporation, you probably should put your interest in the trust in the event your share is being sold to others in the professional practice. Heard of a doctor who didn’t and his practice went through probate. By the time estate was closed, the patients had already move on, practice was no longer valuable and other members lost interest in buying his membership interest.

@SeaOtter65 Жыл бұрын

How much it cost and to maintain

@bginc2849 3 жыл бұрын

probate notice is good also, living trust remedy is to liquidate to close accounts revoke underwriters,

@listenup1166 Жыл бұрын

Great detailed explanation. I learned a lot.

@loekiemorales 3 жыл бұрын

Thank you for the useful info. Do you do the putting up Trust also for persons, not Americans, living outside the USA?

@maryannkomo3077 Жыл бұрын

I have the same concern. I earned assets here in America, we don't have kids, I have no family other than my husband's family, I may have some cousins here but we are not super close. Anyway, can I do living trust for my niece and siblings living outside US??

@reciebrown4941 Жыл бұрын

Hello. I am just now seeing this video. I think this will be good for me. I have been ill off and on so I am trying to make different types of arrangements. I have 2 sons and so far 2 grandchildren. I have no one in my family I can trust not even my own mother ( She 79 right now - Long Story that involves my DNA test). I would trust my oldest child instead of the youngest child. I am learning much with this video. I don't have much but I have been saving more since I am older and closer to retirement. I am so glad I came across this video. Thank you so much. T.

@TobyMathis Жыл бұрын

Glad it was helpful! Thank you for watching!

@thoughtsfromathenasreality 2 жыл бұрын

Thank you for the information. A trustee can steal the money so that's not a smart way to make the trustee a family member I know a guy who's uncle is stealing the house his Dad left for him. .Besides it causes fights in the family. When it com's to money, people can. become greedy.

@sleddy01 4 жыл бұрын

It is a shame you have to know the magical things to do to prevent the IRS from taking half.

@DIAMONDGIRL57 6 жыл бұрын

So thoroughly explained!! Thank you!

@homerwatts7358 3 жыл бұрын

Great information,thanks

@maalat 4 жыл бұрын

Thank you.

@pointbreak333 2 жыл бұрын

how do you see the debtor creditor status? how to transfer from debot to creditor? What kind of trust do you use?

@rinihaque2946 2 жыл бұрын

If you have some rental properties in one member Sole proprietorship LLC then do you just need to create assignment on that llc and say i am transferring 100% this llc interest into the living trust and on the living trust and you are done? if you do this is you don’t have to take each property out of existing LLC and prepare a separate deed for each properties and record those properties individually under the trust name? or you have absolutely take all properties out of llc and re-record them under the trust ?

@ABab-jf2jb Жыл бұрын

Thank you for the info. Do you have estate planning attorneys in Georgia that we can use to set up a living trust?

@AfrikQ10 2 жыл бұрын

Right fund the trust. Insurances and real properties go to the trust as well. Very good programs for assets.

@Yvonne- Жыл бұрын

Do you have insurance recommendatuons?

@vivianmadisonmahoney9457 2 жыл бұрын

Lol...my brother is my kid's uncle Willie. Right On!!

@leesteal4458 2 жыл бұрын

Subscribed. Valuable info.

@TobyMathis 2 жыл бұрын

Thanks and welcome to the community!

@boopeepv 2 жыл бұрын

How about if a property of the grantor is under a contract to sell that says it's payable in a few years. Can that be put under a trust so that the trust can still keep collecting the balance so that it goes into the trust even when grantor already passed away?

@jetlag4fun Жыл бұрын

Thx for these very helpful & informative videos. QUESTION: Would you still recommend a Living Trust - if we only have 1 child? Thx!!

@cesterly4668 Жыл бұрын

Can also put cars into MT LLC,layered over NM LLCwith beneficiaries.

@stuartfishkin4509 Жыл бұрын

If married and all assets are held jointly, and all assets have designated beneficiaries and alternative beneficiaries, isn’t that ok?

@toiyeuKL 2 жыл бұрын

Thank you for the presentation. I get nervous as I watch it. So much to do to plan it right. So many questions due to my circumstances. How do I consult with you?

@triciaroy7591 2 жыл бұрын

I live in Canada, do you work in the USA only? Thank you. Patricia Roy

@TsetsiStoyanova 2 жыл бұрын

Can you do Cestique trust videos please!!! We all have them setup at birth!!!

@allenmurray8376 Жыл бұрын

Hi Tsetsi!

@warrentoles3127 3 жыл бұрын

What is a "good faith and credit estate" ?

@sappir26 2 жыл бұрын

What if the Trustee passes away before all the assets of a deseased person's Living Trust is distributed to the beneficiary/ies?

@whitebird357 9 ай бұрын

Good stuff. Thanks.

@elizabethvillalobos4504 Жыл бұрын

Listening from Alaska

@charadean9855 2 жыл бұрын

Do youhave a book on how to do these trust and all you tell us about it and page's in it you can make copies of so we will no what to do

@davidmsamuel 2 жыл бұрын

This was enormously useful. Should cyber assets (eg: digital photographs or intellectual property) be included in the trust?

@TobyMathis Жыл бұрын

Yes. Creating a plan for digital accounts, whether or not they are financial in their nature, will make it easier for your loved ones to retrieve and secure these assets after you pass away. Estate planning for your digital assets eliminates the need for your loved ones to track down passwords and gives the beneficiaries of your estate the legal right to your passwords. Additionally, when dealing with online financial accounts, estate planning for digital assets protect income that your digital assets can generate such as royalty rights or revenues from an online business.

@robhunley5085 Жыл бұрын

Would putting an automobile in the trust open you up for a law suit in the case of an at-fault accident?

@patrickcerv4847 2 жыл бұрын

How about if have property overseas in Europe and the United States can both go into living trust to?

@rickeyalyles7609 3 жыл бұрын

What if the house in your name those homes go in living trust right?

@AsiaticWorldTv 2 жыл бұрын

Practical explanation to this all really appreciate it!

@TobyMathis 2 жыл бұрын

You're very welcome! We appreciate you being part of our amazing audience!

@MarcusLeepapi 6 жыл бұрын

I fell of my sofa with the bird $3.95!!!!!!!!! God Bless that family!!!!!!!!

@mr.provencio792 5 жыл бұрын

is the bird ok?

@dks13827 4 жыл бұрын

Usually, 2 sisters will spend 10K each for lawyers !!!! Dumb bird !!!!

@mjg112504 2 жыл бұрын

Your information is so valuable. How do I find a trustworthy attorney to process the necessary paperwork in Wayne County, Michigan??

@TobyMathis 2 жыл бұрын

We do operate in Michigan, are you interested in a free consultation?

@PowlinManuel 5 жыл бұрын

I learned a lot! Recommend to all!

@jeffleinard4519 2 жыл бұрын

Hello Toby, is there a minimum amount that you should have to ser up a living trust. My family members and I are trying to help my a relative set up their estate

@bhermann7281 Жыл бұрын

Great question!

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@gloworm6387 Жыл бұрын

What if all you have is maybe SSDI & work LLOA (long term leave of absence) pay in a savings account that only amounts to $200 / $400? How do you fund a living trust for distribution of, say, your apartment furniture, DVDs, if you have a silver coin collection, et.?

@morrjones 2 жыл бұрын

this is awesome and scarry at the same time, how can I get you help? and what is the cost for setting up my living trust, I live in GA.

@TobyMathis 2 жыл бұрын

We offer free consultations to go over prices, are you interested?

@btpuppy2 2 жыл бұрын

What do you do if you are in he middle of a 3 year car lease and die? What do your heirs do then? Leased from Honda.

@paulinebennett6244 Жыл бұрын

Toby this was so informative, I live in Canada do you have any contacts in Canada . Also what happen if you have a spouse and assets are in both our names, do we need two living trust? I love your channel.

@TobyMathis Жыл бұрын

Hello Pauline, unfortunately we do not have contacts in Canada.

@skyshardqueen7278 8 ай бұрын

42:42 @TonyMathis Do you have any videos on what the institution of trusted friends is? I’d like to learn more about this. Thanks

@garbo8962 Жыл бұрын

My 96 year old mother died recently and never had her house in her will due to she was afraid if she placed it in my alcoholic brothers name and he got into a serious accident she might loose the house. The other children all have our own homes and want the house that my brother lived in with our mom for 75 years to go to him. He is disabled so my sister got a signed & notarized paper saying our sister is in charge . Dopes down in Philadelphia City hall first gave her the wrong form, second trip gave her a different form for us to have notarized, third trip new & correct forms that we got notarized then on return trip told her to hire a !awyer. Every time she goes to center city it's a two hour round trip drive and $25 to 35 for parking. Amazing how many people that steal pay checks from city of Philadelphia have no clue how to do their job. We all thought that our mother put her house in my brothers name after our father died.

@SuperBullyone 4 жыл бұрын

this is an excellent video.

@TobyMathis 4 жыл бұрын

Thank you John

@Michelle-ul4ll 2 жыл бұрын

Hi Toby I’m in Canada, do you know of anyone here who could help collapse and pay off the debt of a Cestui Que vie trust and create a private trust (LLC) where remainder might transfer and have it set up with all your points in your video? Ideally keeping principle, living off interest and set up my kids as the successors? I would appreciate any info. Thank you, Michelle

@catherinefrancis5827 Жыл бұрын

Great information❤❤

@kingbb1 Жыл бұрын

Should the trust also be done in Wyoming?

@dks13827 4 жыл бұрын

What about term life insurance policies ? My grown kids are the beneficiaries......what would be the issue there ?

@TobyMathis 4 жыл бұрын

The same issues that apply to whole life policies will also apply to term policies. Generally, you will want to name your trust as the contingent beneficiary (after your spouse) if you have minor children. The trust will then manage the money for the benefit of the minor beneficiaries. For adult beneficiaries, there could be a number of reasons you do not want to give them a lump sum payment. For example, their creditors can access those funds to pay off debt if received personally, but cannot access the funds if paid to the trust. Or, if the individual has problems with substance abuse, the trust can include mechanisms that require successful completion of a rehabilitation program before any proceeds are paid out. Anderson estate planning attorneys will work with you on your personal situation to make sure you get the result you need.

@dans8927 Жыл бұрын

Actual 5 steps begins at 13:05

@guidingchangesllc.2911 Жыл бұрын

Thank you😂😂

@pinschrunner 2 жыл бұрын

No EMT is authorized to go through wallets purses or glove boxes. Maybe wallet. They are saving your life. The hospital can find the rest

@troule9t971 6 жыл бұрын

Can you create a living trust LLC with 6 people shareing a group of assets equally with trusts protections?

@shaunandrews2912 Жыл бұрын

Do you know how to monetize- accessing your Cestui Que Vie Trust?

@buckmaster7185 Жыл бұрын

Can one make an irrevocable will like they do a trust?

@innaalex9156 2 жыл бұрын

What about, if you have only one beneficiary and inside of living trast, just put your beneficiary in the deed of your hous? Is that double? Thank you.

@TobyMathis 2 жыл бұрын

There are so many other consideration than just a home. Health, end of life, burial/cremation - to name a few. Plus, if you put a child on your home, you could lose your capital gain exclusion, step up in basis, homestead, and the home is also on the hook for any liabilities they may incur at any time (even while you are alive).

@carmenross1077 Жыл бұрын

How to go about doing this living trust?

@TobyMathis Жыл бұрын

Hi Carmen, thank you for leaving your comment. You can request a free 45-minute consultation to discuss our proven asset protection and tax strategies and how they apply to your unique situation. Go here to get all set up! ---------> aba.link/tobyss

@TobyMathis Жыл бұрын

You can use a living trust for your primary residence, but you would not be able to have the anonymity. We generally like land trusts better for rental properties and a primary residence for clients that want to be as anonymous as possible.

@buckholz7 Жыл бұрын

Can you specify personal property by location instead of listing it? Such as:. All items in my house go to my daughter?

@museumofdrawing965 2 жыл бұрын

My biggest question is transfer of ownership of assets to the living trust a taxable event? I cant imagine it would work at all if so. In canada asset transfers are taxable events. 30% gone.

@TobyMathis 2 жыл бұрын

If you are located in Canada, we can not answer that, unfortunately.

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@jeanna7851 Жыл бұрын

So will it still be better to have a living trust if all you actually have is tangible personal property? No house, car, real estate etc.

@markherrington9422 2 жыл бұрын

I live in a hime I built that is in my nonprofit ministry can I put the ministry in my trust thanks do you set up Georgia trust

@eastwestpicayune8200 Жыл бұрын

Very informative. You have discussed transferring ownership of LLC to a living trust. I just created an LLC with the living trust as a member. Do I transfer the property (which is currently under the trust) to the LLC? Will this cause probate issues later?

@ruthscheib1474 Жыл бұрын

Can I get ahold of u for help. I want a trust for my children. Where can I go. I live in Port Huron Michigan. 48060. I am 75 and I need to get this . Plz help.

@staeyou1806 11 ай бұрын

I think it’s better create a land trust and make the llc the beneficiary

@elizabethcantu9128 3 жыл бұрын

How many people can be in living trust

@tsnow5445 2 жыл бұрын

Living in a TriState area, is it critical that the Trustee lives/works in my state of residency?

@TobyMathis 2 жыл бұрын

No, the trustee being domiciled in your home state is not a requirement to be a trustee. Proximity may make it easier if something were to ever happen to you but they are not required to be domiciled in the same state as you in order to be the trustee for your trust.

@stratfindersmusic2875 Жыл бұрын

Can I sue an executrix of a will who did not distribute the funds to me, per instructions in the will, and instead spent the money on a car for herself and college education for herself? Is there a statute of limitations for a civil suit?

@paulhemond1514 Жыл бұрын

Amen!

@takecare4697 2 жыл бұрын

Pour-Over-Will ?? Blow often should I update my Living Will?

@TobyMathis 2 жыл бұрын

A pour-over will serves as a safety net to ensure that the deceased's property ends up under the living trust's ownership upon their passing. A living will is a different document that stipulates your end-of-life wishes. A living will typically only needs to be updated if your end-of-life preferences change.

@rinihaque2946 2 жыл бұрын

asking the question again If you have some rental properties in one member Sole proprietorship LLC then do you just need to create assignment on that llc and say i am transferring 100% this llc interest into the living trust and on the living trust and you are done? if you do this is you don’t have to take each property out of existing LLC and prepare a separate deed for each properties and record those properties individually under the trust name? or you have absolutely take all properties out of llc and re-record them under the trust ?

@TobyMathis 2 жыл бұрын

You explained it correctly. If title is in the LLC name, you only need to transfer upper ownership in the LLC (called membership) into the living trust.

@rinihaque2946 2 жыл бұрын

@@TobyMathis assignment only enough ? title transfer to the trustee name recording not needed or just do title transfer and keep it with the trust document?

@chriscampanella2971 Жыл бұрын

What about a irrevokable trust. Will it make one judgment proof. What is the average price to set up this trust.

@accurate2028 2 жыл бұрын

Can a beneficiary person be named as the trust's title?

@MikeHawk-zh3yl Жыл бұрын

If I leave funds in a trust for my son to get paid on a month basis after I pass, he gets married , 3 years later they divorce. Will she get a monthly portion of what he gets from the trust for the rest of her life?

@TobyMathis Жыл бұрын

We would need a lot more facts to suss this out, but generally if the funds are kept separate and there is a solid prenuptial agreement, then no the divorced spouse would not have direct rights to the trust funds.