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Living Trusts Explained In Under 3 Minutes

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America's Estate Planning Lawyers

America's Estate Planning Lawyers

3 жыл бұрын

Our national estate planning law firm website: aeplawyers.com/
To request a no-cost zoom estate planning design meeting: aeplaw.cliogro...
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Often, when one dies, they do so with assets in their name, such as real estate, stock, and business interests. These assets are often referred to as probate assets, because when you die with them in your name, your heirs cannot access them until they go through the court and attorney-involved probate process that takes place at a courthouse.
Many people often own some non-probate assets, like life insurance and retirement accounts, that are payable directly to beneficiaries upon your death - no judges, attorneys, or court orders required.
Some people create a living trust, transfer their probate assets to their living trust, and your trust provides what happens to the trust assets upon your death - who is in charge and who is entitled to own the trust assets. Assets titled in the name of your trust when you die do not need to go through the court and attorney-involved probate process.
This post is for informational purposes only and does not provide legal advice. Please do not act or refrain from acting based on anything you read on this site. Using this site or communicating with Rabalais Estate Planning, LLC, through this site does not form an attorney/client relationship.
Paul Rabalais
Estate Planning Attorney

Пікірлер: 210
@al-mubdizahir8704
@al-mubdizahir8704 Жыл бұрын
Ppl don't make straight to the point videos like this. I love it
@ninapictures-wz4ce
@ninapictures-wz4ce 5 ай бұрын
kzfaq.info/get/bejne/q6d_i9FkqavccY0.html
@robertgreg6009
@robertgreg6009 4 ай бұрын
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@FranklyHunt 4 ай бұрын
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@user-ol3wf4bw2x
@user-ol3wf4bw2x 9 күн бұрын
Just created my revocable trust and you covered all the major important points!
@isaacwolowik
@isaacwolowik 14 күн бұрын
I really appreciate that you were able to explain all in just a few minutes. It’s very helpful when it’s short and sweet, and you did it.
@desireelococo1747
@desireelococo1747 3 ай бұрын
Thank you! My mom is 89 and we have been needing this info
@lauriedettolspray8538
@lauriedettolspray8538 Жыл бұрын
I like this overview. No nonsense with simple explanation, thank you for your content!
@marttyd
@marttyd 3 ай бұрын
Not for me, I don’t know any more now except he talks too fast.
@lawrenceellison2972
@lawrenceellison2972 3 ай бұрын
Excellent short Video. I now have a revocable living trust “from your video advice” and I am very grateful. Thanks for your professional services
@VANESSA-tn8gb
@VANESSA-tn8gb Жыл бұрын
Great quick explanation, thank you. Checking my Trust mow to make sure it's a Revocable Trust
@kennethguilory
@kennethguilory Ай бұрын
Out parents Estate Lawyer's Trust cost a Quarter 25% to 50% in litigation. We're getting a NICER authorized Forgery Proof Inheritance Administration Lawyer to perform dozens of steps to validate and certify it avoids Legacy thieves. Happy to pay a Parents Prebate Nickel, to spare our kids the NICER Probate Dime or Estate Plan Litigation Quarter.
@timothymatthews1088
@timothymatthews1088 14 күн бұрын
short and sweet but very thorough! Thank you for the food for thought and new items to research further.
@TrustRuss-r1t
@TrustRuss-r1t 14 күн бұрын
He by far is the most pragmatic Administration Lawyer out there!
@Oldmadman-z3s
@Oldmadman-z3s 4 күн бұрын
@@TrustRuss-r1t Once he is approved by NICER to advance his career from easy to forge Trust Estate Planner!
@7MohanRaj
@7MohanRaj 10 ай бұрын
Best 2:35 minutes of my life well utilized ❤️❤️❤️🙏Thank you.
@danieljakic9320
@danieljakic9320 Ай бұрын
Awsome video, straight to the point, quick, and concise and accurate.
@georgehansen9077
@georgehansen9077 Күн бұрын
Thank You! I have been wondering what a Trust is and you clearly and succinctly explained it.
@lvnmykdz
@lvnmykdz 2 жыл бұрын
I have shared your videos with my children… and friends. Appreciate your time and efforts to bring attention to this important topic.
@Oldmadman-z3s
@Oldmadman-z3s 9 күн бұрын
Don't forget to tell them it's just the first step of a complete administration to avoid the estate planner's mistakes who promised peace of mind and refused to help when our parents Trust cost half their estates in Litigation.
@user-pp8ly2wn6t
@user-pp8ly2wn6t 2 ай бұрын
Thanks for the new video! I’m looking forward to seeing what other content you post! Always good to learn as much as you can!
@selahjnl
@selahjnl 3 жыл бұрын
love to see a simple explanation
@timothytremblay7763
@timothytremblay7763 Ай бұрын
although it neve seems to be "easy" does it?
@1949LA-ARCH
@1949LA-ARCH 4 ай бұрын
Thank you, may you walk with good spirit 😊
@PeachSharon
@PeachSharon Жыл бұрын
YOu did a great job explaining a trust
@oldrrocr
@oldrrocr 2 жыл бұрын
wow! perfect! I don't know why they don't teach this in school...because everyone who owns anything of value should have one of these. (and if you have kids, life insurance).
@TonyJackson-kp3ld
@TonyJackson-kp3ld 9 ай бұрын
They don't teach civics because of the power would change
@Oldmadman-z3s
@Oldmadman-z3s 9 күн бұрын
They don't teach it in school because its step one in a super complex administration needing another hundred steps to defend, record, monitor, mentor vulnerable grantors, referee grantees distributions, validate transfers inventory, appraise, appoint guardians for minors, prevent conservatorships, prepare medical directives, write powers of attorneys for financial purposes, crime check for frauds, on and on until you settle the distribution with a 33-year reformed NICER Crime Free Inheritance Transfer plan to interdict Estate Plan forgers, Trust counterfeiters, and quit claim jumping financial elder abusing title deed thieves please.
@natashatomlinson4548
@natashatomlinson4548 6 ай бұрын
I have listened to many KZfaq videos where they take this long to prate and small-talk and try to get you to subscribe and advertise their sponsor before you wonder if they are even worth listening to. In contrast , you gave me a law school course in the same amount of time . Kudos. Thanks for respecting my time .
@thebruthaknownasp3882
@thebruthaknownasp3882 Жыл бұрын
Fast and informative !
@timothytremblay7763
@timothytremblay7763 Ай бұрын
If it was only that easy!
@rodrigito78
@rodrigito78 6 ай бұрын
Best summary video on YT. Thanks, good sir. 👍
@edwilliams8789
@edwilliams8789 3 жыл бұрын
You should do your other discussions similarly.... quickly, short, and to the point.
@californiadreaming6560
@californiadreaming6560 3 жыл бұрын
In the process thanks to you. Recent widow in Florida
@americasestateplanninglawy1946
@americasestateplanninglawy1946 3 жыл бұрын
Sorry for your loss. But happy to help!
@medgasguy
@medgasguy Жыл бұрын
Thank you for your video...I didn't understand it but I appreciate your explanation. 😁
@homebaseincome101
@homebaseincome101 11 ай бұрын
I'm so glad I came across your channel. I subscribed and will continue to watch to learn more. I also subscribed to your newsletter.
@calvintseng8241
@calvintseng8241 3 жыл бұрын
Can you make a video explaining the difference between retitling assets into the name of the trust vs naming the trust as a beneficiary? What’s the difference?
@calvintseng8241
@calvintseng8241 3 жыл бұрын
Example: naming the trust in a TOD designation for a brokerage account.
@duubtuub3071
@duubtuub3071 8 ай бұрын
@@calvintseng8241 Clarifying for myself: TOD = "Transfer on Death" as compared to transferring the account into the trust.
@PilgrimHymns
@PilgrimHymns 11 ай бұрын
So am I understanding this right? If I have a living trust, the trustee can just take the "living trust" papers and the titles of the properties and give them to people they are meant for? Or if the living trust says to sell a property and then divide up the money that the trustee can just do that??? Who is the ones that helps them put the titles into others' names? Who do you go to?
@robskully3539
@robskully3539 7 ай бұрын
yes … My Mom had a revocable trust and I was the Trustee and Power of Attorney. When she passed I was able to sell her house and split the proceeds with my 3 Sisters immediately. You can have the trust say your wishes anyway you want. Like even after the property is sold you can have it divided and given out as you wish. We even had our trust specify how our pets are taken care of if we pass before them. Trusts can be made many different ways and THAT is why you should only use an Estate Planning Attorney.
@Oldmadman-z3s
@Oldmadman-z3s 9 күн бұрын
our greedy trustee changed it so grt the Administration Lawyers forgery proof NICER Latin Law Arbiter Interdiction Trust.
@yepyep7036
@yepyep7036 Жыл бұрын
This was great ! Thx! Videoing free 2-cents advise.. put your list above your camera and place cam further away and zoom in .. you can you a dry erase stand or flip chart on a table
@Oldmadman-z3s
@Oldmadman-z3s 9 күн бұрын
This is a waste of money too, unless you hire a NICER approved administration lawyer to protect it with the NICER 33-Year reformed Latin Law Model Interdiction Trust Crime Free Inheritance Transfer Plan. The Trust cost us 50% of our inheritance when the estate planner refused to help in litigation after promising peace of mind.
@dorothyhome577
@dorothyhome577 3 жыл бұрын
Hi Paul, your videos are so helpful, can’t thank you enough. There’s so much to learn about so many complex topics. Can you cover the unclaimed property topic. Because so many assets go undiscovered it’s seem to be quite a problem. Also, a whole life policy popped out of thin-air; because I didn’t get a claim form in within 90 days the policy’s full settlement significantly changed!? I’m thinking it disappeared overnight into unclaimed property. 🤦🏼‍♀️How can this happen? Something doesn’t seem right about this. Do you have some insight here? Thanks
@irisflower9030
@irisflower9030 Ай бұрын
Love it! Easy to follow and straight to the point! More content like this please.
@TrustVictim
@TrustVictim 16 күн бұрын
Don't forget the Trust is just the first step in dozens, to fund, record, defend. Mentor Grantors, monitor to avoid inheritance thieves, amend, validate to check for Trust forgers, certify no counterfeiters, inventory, appraise so everyone gets their share. Arbiter the peace, transfer titles, defend and distribute pink slips to title deeds, avoid forgers counterfeiters and Estate plan embezzlers, and dozen of behind closed door services a NICER approved Administration Lawyer does to avoid the Estate Plan mistakes that cost us 25% to 50% in billable Litigation Hours!
@joshuaborem7063
@joshuaborem7063 7 ай бұрын
Nice video but… I just paid an attorney a thousand bucks for a Will and this video makes it seem like that was a waste of time and money.
@michaelreysalvillagavieta7579
@michaelreysalvillagavieta7579 4 ай бұрын
How to obtain the trust? Should it be done by lawyer?
@KennethGuilory-w8q
@KennethGuilory-w8q 16 күн бұрын
It should be done by a NICER approved Administration Lawyer to avoid the estate plan misstates that cost our family half the estate in billable litigation hours
@Oldmadman-z3s
@Oldmadman-z3s 9 күн бұрын
It should be a NICER approved Administration Lawyer who installs forgery proof services instead of an Estate Planner who installs easy to forge estate plans.
@butcharmstrong8275
@butcharmstrong8275 Жыл бұрын
Do different States have different LAWS....on Trusts....when Probate..... i.e, OR vs WA, NV or Idaho.....
@Just_forfun9140
@Just_forfun9140 3 жыл бұрын
Please always mention tax rates whenever you cover trusts, i.e. are they taxed on individual personal tax rate or at a trust tax rate which I hear are very high in some cases. Thanks.
@sethtenrec
@sethtenrec 2 жыл бұрын
That would only apply to 8 digits estates ($10,000,000+) … not enough people in that category to worry about. They can probably hire an attorney instead of watch KZfaq videos as well…
@waynechien-vovietchongmy9724
@waynechien-vovietchongmy9724 8 ай бұрын
Your not an individual or a person....your a living man or woman
@genecisneros
@genecisneros Жыл бұрын
Great summary
@perryd43
@perryd43 2 жыл бұрын
Thank you for the post neighbor.
@donaldhendrix3326
@donaldhendrix3326 Жыл бұрын
I have been following you and have enjoy our videos I live in Texas are licensed here if not how to find a good form in San Antonio
@Scott-sm9nm
@Scott-sm9nm 7 ай бұрын
It seems like the biggest problem with a revocable trust is that you can't put your biggest assets in them (ie. 401k and IRA accounts ... those need beneficiaries).
@Scott-sm9nm
@Scott-sm9nm 6 ай бұрын
@@aprilmay1700 Helping others with comments after watching this and many other videos. Don't be an a$$. Beneficaries are VERY limited as you can't define timing ... it is just all of it and it has to be pulled in 10 years.
@matshagstrom9839
@matshagstrom9839 5 күн бұрын
Thank you, I still don’t understand if a living trust is just a document, a document submitted to the state government or something that needs to be set up like a corporation or an LLC. Can individuals create a living trust without an attorney? Thanks, Mats H
@herbbot8241
@herbbot8241 3 жыл бұрын
Great explanation thanks
@earthangel6858
@earthangel6858 5 ай бұрын
I need both a living trust and a will?
@FisherMan-g2z
@FisherMan-g2z 5 күн бұрын
You are an awesome teacher please don't show us how to write our own documents they cost us 50% in litigation. We'll pay you to install a complete administration to avoid inheritance hijacking.
@adamschroeder2545
@adamschroeder2545 21 күн бұрын
Well, this is definitely a living trust "explained quickly…" But I was hoping to have it explained comprehensively… Lol this is way too advanced jargon for a beginner. Any links for beginners?
@ConcernCitizen-w1y
@ConcernCitizen-w1y 18 күн бұрын
This old man says there are a hundred steps in a complete administration the Trust being the first step inheritance thieves use to steal our legacy. Our greedy trustee stole our inheritance so we're hiring a Latin Law Permission Trust Crime Interdiction Administration Lawyer to validate and certify it to protect our estate when we`re vulnerable.
@paulkoza8652
@paulkoza8652 2 ай бұрын
Excellent summary.
@BornToShred6900
@BornToShred6900 3 күн бұрын
Using this information for a client, since she has a restaurant !
@Da_Crow
@Da_Crow Жыл бұрын
amazing info
@smartdoctorphysicist3095
@smartdoctorphysicist3095 Жыл бұрын
Hi, what about a evolve trust how does that work, next once I set up this trust can it be tax my the IRS, can I put all my money in it. Can I give myself a salary from the this trust. Will I need a accountant if so what will cost me to do this. How do I get the help I need to do this. Can you help?
@ijl1i
@ijl1i 3 ай бұрын
Solid info, great video!
@mikechamplain2425
@mikechamplain2425 2 жыл бұрын
Good info, thx
@sheliastough4895
@sheliastough4895 Жыл бұрын
I have a durable power of attorney healthcare power of attorney living will and last will and testament. Will this protect my assets from a nursing home or do I need a living trust?
@robskully3539
@robskully3539 7 ай бұрын
nope … only a Irrevocable Living Trust will accomplish that !
@2023Red
@2023Red 3 ай бұрын
Excellent job!
@sugarcane5905
@sugarcane5905 3 жыл бұрын
Hello Paul can you speak about when your love on dies of a pharmaceutical drug and does not have a Will. And one of her children file for executory of the state and was granted by the probate Court. Now funds are ready to be release, what is next far as the courts. The dece ased had no assets when filed for executory of estates.
@louiswilliams4657
@louiswilliams4657 10 ай бұрын
Thank you working on it !
@ker5776
@ker5776 Жыл бұрын
How fast can this be done
@robskully3539
@robskully3539 7 ай бұрын
as fast as your Attorney can write one up. Then he has to submit it to the State court systems.
@LubaLuba1
@LubaLuba1 11 ай бұрын
Are you ever live on tik tok? Anyway, let’s say I been common law wife for 10 years and married for another 15 and on the last 5 years we bought third house but my name is not on it does that make a difference? Can I still claim that as an asset and include it in my living trust for my kids ?
@simplescents3309
@simplescents3309 2 жыл бұрын
My sister won’t let anyone see the trust or will. What I do know is that my dad named my mom (living) as the beneficiary and my sister as power of attorney because my mother is sick. Does my sister have to provide the siblings with copies of the trust? Or not yet
@Louisianawhips
@Louisianawhips 20 күн бұрын
If it’s filed in the court you can obtain a copy.
@SuperKvlogs
@SuperKvlogs 10 ай бұрын
I’m 24, does anyone know of an online class I can take to learn about all this stuff? Like about houses and all this financial stuff?
@Oldmadman-z3s
@Oldmadman-z3s 9 күн бұрын
It takes two lifetimes to learn administration Law so hire Mr. Raiblais to install a Forgery Proof Permission Validation NICER Latin Law Arbiter Interdiction Trust crime interdiction administration. When he distinguishes himself among his peers advancing his career to administration lawyer earning 850% more than an estate planner with easy to forge estate plans.
@moniquenguyen8019
@moniquenguyen8019 12 күн бұрын
Can we do 2 Wills or 2 Living Trusts for each different property address. Because 2 different Beneficaries
@Oldmadman-z3s
@Oldmadman-z3s 9 күн бұрын
You're the boss you can do whatever you want to unless Mr. Raiblais dissagrees, but our greedy trustee changed our trust costing 50% of our inheritance in Litigation so you're doubling your exposure to crime unless you hire a NICER approved administration Lawyer instead of an estate planner with easy to forge plans.
@cpru8304
@cpru8304 9 ай бұрын
Doesn't an irrevocable living trust protect your assets from Medicaid in the event you need nursing home care? That allows you to qualify for medical assistance without losing everything you've worked for all your life. In Indiana, a revocable trust puts your assets at risk but an irrevocable protects them. This is just information I've discovered recently since I began my estate planning. Does anybody know if all that is actually accurate information?
@robskully3539
@robskully3539 7 ай бұрын
yes you are right. Problem with Irrevocable Trusts are that they have to be put in someone else’s name and you must truly trust them for your best interests.
@nadirahcroom1938
@nadirahcroom1938 7 ай бұрын
​@@robskully3539Can they not be put under an LLC?
@robskully3539
@robskully3539 7 ай бұрын
@@nadirahcroom1938 I am not a Lawyer or expect about Trusts. I did sit in when my Parents did theirs and also now have my own. I stated was sort of worded wrong. You can have the Trust be in your name but … YOU can not be listed as the Trustee. That is what I meant to imply. The Government here in the USA does not want to see YOU have any control of your money. So like I said when you list a Trustee on the Irrevocable Trust you must totally trust this person to have the right intentions for your future.
@squidskunk
@squidskunk 5 ай бұрын
great info..thank you its distracting having you read your bullet points off to your right...reading them from a piece of paper in view of the camera is more natural.
@MishasMama
@MishasMama 4 ай бұрын
Thank you
@kaltrex9465
@kaltrex9465 7 ай бұрын
Hi, would you know if signing & notarizing a real property deed dictate the transaction date/year or does the recording date dictate in MA?
@johnnyllooddte3415
@johnnyllooddte3415 2 жыл бұрын
clear as mud
@markquiz2478
@markquiz2478 15 күн бұрын
if someone is a beneficiary of a living trust , would they be contacted by a lawyer to sign paperwork?
@KennethGuilory-w8q
@KennethGuilory-w8q 15 күн бұрын
This old man says no, but they will get a Pro Bono Hollywood Style Trust reading if they use an Administration Lawyer instead of an Estate Planner with easy to forge documents.
@markquiz2478
@markquiz2478 13 күн бұрын
@@KennethGuilory-w8q wtf are u saying?
@KennethGuilory-w8q
@KennethGuilory-w8q 13 күн бұрын
@@markquiz2478 I'm saying there's a new Sheriff in town to avoid financial elder abuse. and your answer is no, the grantee beneficiary isn't contacted to sign anything. They are not contacted until an Administration Lawyer not an Estate Planner reads the Trust to all the grantees. To defend them from greedy trustees and siblings who steal the property not protected with a forgery proof NICER Permission Validated and Registry certified crime interdiction administration.
@Debbie-bg3mo
@Debbie-bg3mo 3 ай бұрын
If a home is not paid off, can it still go into a revocable trust?
@Monicalala
@Monicalala 6 ай бұрын
Does spouse have to sign the living trust? They refuse to sign anything.
@kevinvanlohuizen2709
@kevinvanlohuizen2709 8 ай бұрын
We have one
@daviddavis9727
@daviddavis9727 2 ай бұрын
Im waiting for account access
@mawi1172
@mawi1172 10 ай бұрын
All I want is to save money for my burial that the SSA doesn't het to come confiscate upon my demise. That's pretty unfair if I received it, its mine and should be part of my estate. Not returned to them. How do I dave for my burial?
@trindon9439
@trindon9439 Жыл бұрын
Hi, I am in Texas. Am I understanding this correctly, I can just make up a name and create the trust document to form a trust, and the trust name will be recognized as a legal entity by the banks, mortgage lenders, etc? Would I have to get the trust document notarized?
@christinestaples8435
@christinestaples8435 6 ай бұрын
You will need to go to a lawyer/attorney that draft the trust for you and it will cost you some bucks. We did it and it’s for $4K
@summervibes2147
@summervibes2147 5 ай бұрын
​@@christinestaples8435That's an absurd amount can you not draft the trust yourself from online sources?
@Oldmadman-z3s
@Oldmadman-z3s 9 күн бұрын
@@christinestaples8435 an administration Lawyer adds dozens of services costing a lot more but avoids the 25% litigation cost.
@suziefraser8564
@suziefraser8564 10 ай бұрын
The point of putting the house in the living trust means you avoid probate for that house, it is easy to do if you have a living trust account. Seemed confusing here.
@em1ownerify
@em1ownerify 7 ай бұрын
If it’s in a living trust and your child and grandchild are the only beneficiaries can they live in the house and the trust keep it in the trust?
@robintraina217
@robintraina217 6 ай бұрын
need to learn more
@6648rome
@6648rome 8 ай бұрын
Can any lawyer do these trusts or is there a specific lawyer?
@robskully3539
@robskully3539 7 ай бұрын
best to go to an Estate planning attorney as a first choice.
@Oldmadman-z3s
@Oldmadman-z3s 9 күн бұрын
@@robskully3539 Our estate planning attorney refused to help after promising peace of mind and delivering an easy to forge trust costing half our inheritance in litigation. hire a NICER approved forgery proof administration lawyer.
@liliherndz5792
@liliherndz5792 4 ай бұрын
Thank YOU 🫶🏻
@discerningacumen
@discerningacumen 8 ай бұрын
I lately found you on KZfaq today. Can I create the living Trust in USA as I'm a NRA? For I have US securities. Thanks in advance.
@judyfasola3737
@judyfasola3737 3 жыл бұрын
What do you mean with or without a will ...i just did you will video
@cherrylbundy3724
@cherrylbundy3724 2 жыл бұрын
I do know that what's in will can be designated according to your wishes after probate. without a will, the state includes itself as someone you left money too besides any other relatives. A pour over will, includes anything you recently purchased or forgot to include in your trust.
@judyfasola3737
@judyfasola3737 2 жыл бұрын
Im now also doing a revocable living trust.......to prevent probate
@juniorxxnho
@juniorxxnho 8 ай бұрын
Do you need a living trust (or last will & testament) if you are married and want everything to go to your wife should you pass?
@robskully3539
@robskully3539 7 ай бұрын
I believe it all depends on what State you live in. That is why EVERYTHING we own has BOTH our names on it. Example … House, bank accounts, cars, trucks… anything that has a Title or needs names for ownership. This way it always goes to the other person on the document no matter what State you live it. We now also have a Living Revocable Trust and all the other related documents… Power of Attorney and all the Healthcare documents.
@johnsaltzohuigin6660
@johnsaltzohuigin6660 8 ай бұрын
Dynasty Trust might be the better option.
@uloveholly82
@uloveholly82 4 ай бұрын
I'm more confused than before😂
@Solomeo_Paredes159
@Solomeo_Paredes159 5 ай бұрын
Hi, my dad remarried 30 years ago and died november last year. My stepmother is alive and she never mentioned to me that my dad had a trust in 2003, neither my father when he was alive. Is possible to inherit something? How can i get the trust?
@Louisianawhips
@Louisianawhips 20 күн бұрын
You should have hired an estate lawyer. If she didn’t show a will or trust you can get your part as a son. You would file a claim in probate court.
@Oldmadman-z3s
@Oldmadman-z3s 9 күн бұрын
@@Louisianawhips Great answer but our estate lawyer's easy to forge documents cost 50% in Litigation and if it's a community property State the wife gets it, I wound ask an administration lawyer not estate planner if they can work something out with the stepmother.
@allenc2289
@allenc2289 8 ай бұрын
I don't have a Will or a Trust . I have land a retirement and a home,what should I do ?
@robskully3539
@robskully3539 7 ай бұрын
a Trust … makes it way easier for those you leave behind after you pass to take care of your wishes
@Oldmadman-z3s
@Oldmadman-z3s 9 күн бұрын
@@robskully3539 A Forgery Proof NICER Arbiter Interdiction Trust it avoids quit claim financial elder abusing title deed thieves.
@Hippy2021
@Hippy2021 2 жыл бұрын
I am thinking to transfer my property to my daughter name as a buyer, new owner , that way she has full access. My pension and bank accounts have her name as beneficiary. She's the only child. Is it a good planning?
@pitbulldn
@pitbulldn 2 жыл бұрын
Mary nguyen, no, don’t do it, bc you end up having nothing at the end of your life while living.
@Broommaker19
@Broommaker19 Жыл бұрын
You need a " life estate" on your home. You put it in her name. You get to live there and she can't borrow against it or sell your home until you pass. After 5 years your home then is not subject to state confiscation to pay for healthcare if that is a concern. If she lives with you for 2 or 3 yrs that satisfies the state requirements because she provided you healthcare in your home and lives with you. She gets the home. You should check also if have can your home transferred to a trust to dictate terms of what your wishes are for her best intrest as to her keeping or selling if you are concerned about her having a place to live.
@robskully3539
@robskully3539 7 ай бұрын
@@Broommaker19… you are partially WRONG about the 5 year rule. The trust has to be an Irrevocable Trust for the 5 year rule. A Revocable Trust will not hide assets from nursing homes.
@robskully3539
@robskully3539 7 ай бұрын
do not put her on your deed for a house or land. If she ever happens to get sued then that would be a problem. For about $2000 or so either get a Revocable Trust or Irrevocable Trust.
@otingtingolavera4034
@otingtingolavera4034 3 жыл бұрын
Hi iam from the Philippines but my husband passed away April 2020. He didnt leave a will. He has a home in California and bank accounts, etc.. how can you help me please. Thanks
@seananderson5334
@seananderson5334 6 ай бұрын
Nice
@NelsonReyesJr
@NelsonReyesJr 4 ай бұрын
Do you work in Florida?
@lashekamcghee2158
@lashekamcghee2158 11 ай бұрын
Why recommend a "revocable" trust instead of an irrevocable trust. The definition of "revocable" is capable of being revoked or canceled and does not protect your assets.
@alexdbarton3908
@alexdbarton3908 8 ай бұрын
look into putting your “living estate trust” INSIDE of another “foreign 98 private trust” (no SSN) and make the private trust governed under equity not legal
@lashekamcghee2158
@lashekamcghee2158 8 ай бұрын
@@alexdbarton3908 Thank you for your insight!
@jacobsalanoa3855
@jacobsalanoa3855 8 ай бұрын
@@alexdbarton3908I’m young and having KZfaq teach me about trusts. Can you explain what you mean by this? I probably don’t need one but you never know what you need until you need it.
@user-yc9bv9sl8k
@user-yc9bv9sl8k 7 ай бұрын
Make your own video Don't waste people's time with comments
@lashekamcghee2158
@lashekamcghee2158 7 ай бұрын
@user-yc9bv9sl8k I was asking for clarity. Is that not the purpose of the comment section? So, who is wasting who's time?
@gregorylynncarawayttee8900
@gregorylynncarawayttee8900 3 жыл бұрын
THANKS SIR 2020 ™
@jameskirwan1174
@jameskirwan1174 10 ай бұрын
The person that looks after my trust died, can I put a handwritten note in my papers to put a another in charge of my trust
@robskully3539
@robskully3539 7 ай бұрын
No ! … It shouldn’t cost much to have your Attorney change it to a new name. We just redid ours and it cost us $800. Trusts are registered with the State.
@WillBillDillPickle
@WillBillDillPickle Жыл бұрын
my parents are arguing about this, ugh.
@gerardocalimano8295
@gerardocalimano8295 8 ай бұрын
Why so complicated? Why not make it simple? 🤔
@mike-Occslong
@mike-Occslong 11 ай бұрын
Jeez tgey makenit so complicated...its my shit i wanna give it to these people end of
@K2NW2
@K2NW2 12 күн бұрын
Amaze-balls
@filangafree
@filangafree 8 ай бұрын
Tony Soprano brought me here...
@mz.amorrorr857
@mz.amorrorr857 2 жыл бұрын
a lot of information. Maybe 5 min would do it
@raymondkemper8473
@raymondkemper8473 2 жыл бұрын
a
@sidewaysrain7609
@sidewaysrain7609 4 күн бұрын
LMMFAO!
@barbieskates540
@barbieskates540 2 жыл бұрын
When you do a FAST overview.. You DON'T need to TALK like a fast talking auctioneer... Ok. ? Older people listening and all others learning NEW things.. OFTEN need the info given to them SLOW enough to process it. I know you are NOT trying to be inconsiderate... Those of us who know how to slow down the video speed can listen any way we like. I'm thinking of others who know how to use those you tube features. For their sakes.. Make a few videos SLOWER PLEASE...
@congbangmekong
@congbangmekong Жыл бұрын
Talking too fast and didn't explain in detail how to create a trust.
@jesusmylordhegaveitall4894
@jesusmylordhegaveitall4894 Ай бұрын
He didn't say he was gonna explain how to make one -__- you literally go to the bank
@Da_Crow
@Da_Crow Жыл бұрын
yeah getting one! and killing husband so i get it all
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