Setting Up a Living Trust (Estate Planning FACTS)

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Clint Coons Esq. | Real Estate Asset Protection

Күн бұрын

Setting up a living trust when it comes to estate planning will help you avoid costly probate and expensive attorney fees.
WATCH this video so you don't make the same $75,000 mistake my grandma made!
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ABOUT CLINT COONS
Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.
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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.
also about: living trust vs will,

Пікірлер: 606

@ClintCoons 2 жыл бұрын

Claim Your FREE 45-minute consultation to receive business planning tips and asset protection. 👉 aba.link/06k

@KrazyDiamondBar 4 жыл бұрын

This guy is internet gold. An actual online asset. Fabulous video.

@quokka_11 3 жыл бұрын

I wonder if his KZfaq channel is part of his trust....

@user-qo6wp5or2e Жыл бұрын

On My Mama😤💪

@Utilityauditservice 5 жыл бұрын

This is the kind of information that should be taught in at least one semester of high school.

@a1bells501 5 жыл бұрын

Facts

@gospelbites7586 4 жыл бұрын

Yes!

@veenosmooth 4 жыл бұрын

Facts

@R.L.Thomas 4 жыл бұрын

Except that they won't teach the kids about how the bank fees the trusts down to nothing. My ex business partner's grandfather worked in finance in NY and put $50, 000,000 in a trust. 10 years after he died there was less than about $900,000 left. My opinion is "Never give banks or anyone control of your money or any other assets. If you need to, get yourself educated and manage your own assets, so you won't risk meeting a bad actor.

@isabelduarte8656 4 жыл бұрын

I wanted to ask you as a living TRUST was me and brother. My Dad did the living will. Dad deeced and my mother was sick. at the time I was living at home. Well my cousin live with mom and me and her 3 kids. We didn't get along at all. Well cousin kelp pushing my about changing the will my mother want to live as the way my Father did it. Well after mother told me to leave because of my cousin. Didn't know mom was dieing . Mom die at home like my Father did. Well after mom pass cousin change everything took off our name and she made a quit claim to a gift put property in her name got my heir didn't event get my share cousin didn't event tell me. Mom didn't have a lawyer at the time of her pass. So I see CLC Lawyer she see 5he document and know it was forgerty and fraud. But didn't have the money to put up to take her to court. I am hearing impair very slow. I have try for help no one will help me .thank you Sir for you time

@beetee4295 4 жыл бұрын

You seem to be a wise and decent man! I lost my dad at 13. Looking back I realize the steep cost in many ways. Your children are fortunate to have a good dad.

@ClintCoons 4 жыл бұрын

Thanks

@EddyIdiaquez 2 жыл бұрын

Yes, I agree BeeTee, his children are fortunate to have him as their dad. My respect for him for loving his children well and not let them fell like they are entitled by putting conditions on the living trust. The children have to earn their parents assets and learn to value their parents hard work. I like the example about the fancy Mercedes, I can see how trust babys could just blow the money on superficial stuff because it did not cost them nothing. He is loving and wise. I wish I had a dad like him growing up 😁 and I don't mean it in a materialistic sense but because of his knowledge and wisdom. He is a decent human being.

@engineerlifeskills3573 5 жыл бұрын

You're a good dad. I'm taking notes. 👍

@lindaclark8615 4 жыл бұрын

Thanks

@lindaclark8615 4 жыл бұрын

I hope my son can handle my death

@evice 4 жыл бұрын

@@lindaclark8615 I hope that you're an awesome enough Dad to the point that your kid will good enough with dealing with you dying. I don't have kids, but I don't think that a parent want their kid to be indifferent to the parent's death.

@BobbyTerryHomeGuide 3 жыл бұрын

A living trust is an estate-planning tool wherein assets are transferred to named beneficiaries by a person's will, rather than by requiring a probate court's approval.

@jbettis7807 10 ай бұрын

I’m confused!? Do you teach? Or have a problem?.

@ladytinter-AlleyKat 4 жыл бұрын

Thank you for sharing this, its stunning to me how little we are prepared for living and dying. This is free gold!

@stuartleis9079 4 жыл бұрын

Excellent explanation. Well done. I have a trust but there's more I need to know about it. The living will is what I'm missing. People need to know this stuff.

@elliesquires2753 4 жыл бұрын

Father died with a will, 15 yrs ago....nightmare, went into probate nothing concluded for 18 months and was a mess for the executrix. Mother died last month had a trust 1 month later most assets distributed! Great info

@ClintCoons 4 жыл бұрын

Thanks

@MarcBailey777 4 жыл бұрын

You are brilliant Clint. And a terrific, personable public speaker! God bless you for sharing this great information. 🙏

@davelopez2765 4 жыл бұрын

I am currently beginning to build my will for the first time and ran into this little gem. Thank you! I am now subbed

@Rambleon444 4 жыл бұрын

Your antidote using a POD was perfect. Now I can easily remember the purpose of a living Trust and can share it too.

@Noitisnt-ns7mo 2 жыл бұрын

"Anecdote"

@davecalico3273 4 жыл бұрын

Clint, Thanks for Sharing! maad Respect for you KeePinG iT Logical n ReaL! ( Hope Carter realizes he’s fortunate to have you for a Dad )

@mr.v4029 4 жыл бұрын

I am so happy that you are sharing this knowledge! Thank you!

@robincobb8611 4 жыл бұрын

Thank you, Clint. You expained everything so clearly.

@andrebryant516 4 жыл бұрын

When I watch information like this ...I can’t help but think of a system my people have been robbed of an opportunity to fairly participate in and in some cases robbed of the tangible property itself .

@petersontheodore7732 4 жыл бұрын

Same here

@dianakidd8267 4 жыл бұрын

I couldn't agree more! I've just lived through 3 1/2 years of the legal process, as administrator of my Dad's Probate (he had died at 89 with NO Will or Trust. In spite of only modest assessts, the process costs thousands of dollars in legal feess & 3 1/2 stressful years of my time. Don't let this be the case for you ~ if you love your family, take care of this while young & healthy enough to do so, to spare them going through his horrid process called Probate.

@bludia29 2 жыл бұрын

Yes honey that's why I'm following Clint's page now so I don't put my children through this. Yeesh!

@coolgraces 2 жыл бұрын

Did someone contested..

@wonderfulworld5134 Жыл бұрын

Post Probate, obtain an IRS EIN entity. DEED land over to their name. Kidd, Diana Sr. Est. Do a title search and you are the signee. No longer vexatious when they are in the Land Records.

@markmarion9887 3 жыл бұрын

Interesting in that Trusts, of all variations, have now become a new loss leader for law firms. Many states allow a person to title their real estate holding to have a Transfer on Death listed on the deed. this creates an avoidance of not only Probate but also attorney fees associated with administering a Trust. Of course this doesn't work in all jurisdictions but has served many of my clients very well and seamlessly allowed for real estate to be transferred with just a new deed and copy of the death certificate being filed.

@atlakatl3555 2 жыл бұрын

Is there a particular time that title must be done or at any time

@cliffhregis 4 жыл бұрын

Subscribed. Thanks for sharing this is one of the best videos on living trust I seen. I shared it with my best friend who is a real estate investor and I shared it with my mom.

@ClintCoons 4 жыл бұрын

Awesome, thank you!

@glfnrtrvr 2 жыл бұрын

Thank you. I have been procrastinating setting up a living trust. After watching your video, I will definitely get it done!

@ClintCoons 2 жыл бұрын

Perfect

@universerebel6577 2 жыл бұрын

Dude I love how you explain this so well. I completely Comprehend everything you explain. I think you so much I'llbe watching this video over again.

@ClintCoons 2 жыл бұрын

I appreciate that!

@blainegoodwin 2 жыл бұрын

Thank you Clint , this really holds a great deal of impact. I did not understand this concept and left this video with a great starting point! Appreciate you for sharing this in this way.

@ClintCoons 2 жыл бұрын

Glad it was helpful!

@iamwill8 4 жыл бұрын

This was Amazing! Life changing info!! Thanks for sharing! New sub! 🔥 🔥 🔥

@Jamminn555 3 жыл бұрын

Another outstanding presentation, Clint. Clear, insightful and invaluable. Thank you!

@ClintCoons 3 жыл бұрын

Much appreciated!

@vernidakendall8524 2 жыл бұрын

i love the way he explains it. im a visionary, so seeing you draw it on the board keeps it simple and i love the examples you use, such as the bikes

@ClintCoons 2 жыл бұрын

Vernida Kendall Thanks for watching.

@bludia29 2 жыл бұрын

Mr. Clint I really appreciate you 🙏 and wish you were around when my parents past. My mom passed 2018 and dad 10 years prior and I still have an open probate case and I feel as the executive of the estate I did most of the work and getting billed by a lawyer the whole time smdh 😑 luckily we about to close out this case in a couple weeks whew! 😅 and like you said they had two properties and a couple hands full of accounts. P.s. my mom left money for my children too whom are still minors and that's a whole other process.

@ClintCoons 2 жыл бұрын

Mrs. Batson, stories like yours are far too common. It's good to hear that the journey is nearing the end but the road. Sounds like you got yourself a legal education on probate law. 😀

@jessebahun8769 3 жыл бұрын

best video ive seen for a newbie REI investor

@mariaramos2983 4 жыл бұрын

Thankyou for giving this information!!!

@MarcusLeepapi 4 жыл бұрын

God Bless you and your family...

@pansiesplace4446 4 жыл бұрын

This was excellent. Thank you.

@LP-gs3xj 4 жыл бұрын

Good baseline for a potentially very complicated process.

@MichelleFigueroa 3 жыл бұрын

Wow! This was the information I was looking for. Thank you for your expertise and guidance.

@ClintCoons 3 жыл бұрын

Glad it was helpful!

@robertthurmond8161 3 жыл бұрын

After five years of marriage i found out the one thing that makes it difficult is financial struggle, its not like my husband and i aren’t making money it’s just we barely have time for each other and there’s no amusement or new event it’s just work and the kids and that was fine but i wanted more..then i heard of a financial advisor on the radio who basically makes money for me and right now i have close to 100grand with her in my portfolio. now we pay for our vacation without breaking a sweat or losing sleep

@feliciasherbert989 3 жыл бұрын

this is very good advice

@donaldlocher2537 3 жыл бұрын

honestly, this is what has been on my mind lately. please can you give me your advisor's details? its urgent

@vanhall9513 3 жыл бұрын

me too, pls any advice you can give at all would be appreciated. i just turned 40, i don't think i'm hot cake in the dating market anymore.. i can't afford to walk away from this

@robertthurmond8161 3 жыл бұрын

@@vanhall9513 sure i get it hun. i’ve been there too. My F.A's name is Lucy Maria Koss, i googled her and reached out to her from her website and honestly you should too. Goodluck with your marriage dear. it isn't over until you say it is !

@tripiling9789 3 жыл бұрын

Good info! Easy to understand. Thanks

@kriskris5989 Жыл бұрын

Always love your analogies..you are a good teacher..learned a ton from your videos and I share it with friends as soon as I get a chance

@ClintCoons Жыл бұрын

Thanks

@paulmouradian8968 3 жыл бұрын

Clilnt this was an excellent presentation. Clear, precise, practical and very informative. I live in Toronto Canada and have greatly benefited from your explanation. I have taken notes!!!

@ClintCoons 3 жыл бұрын

Glad it was helpful!

@nzis Жыл бұрын

Great video and surprisingly funny for a financial guy 12:36 ‘You used to be on here’ 😂🤣

@ClintCoons Жыл бұрын

My pleasure.

@arlenelobban6778 4 жыл бұрын

Thanks for the informative advice.

@davinaalleyne6079 3 жыл бұрын

Thank you very much for this very informative video.

@AumaivaoFTasi 3 жыл бұрын

Thank you for sharing this video... explained exactly why m delayed to sign the will that I iintended to set up for my family cost $500.. My insticnt feeling strongly disagree not trust to continue and finalised the paper work with the lawyer.. You have explained how I felt.and fear to trust the lawyer... Now Im learning also confirm to apply for a Living Trust.. Thank you for your informative presentation..Blessings😍

@ClintCoons 3 жыл бұрын

You are so welcome

@trowe5034 2 жыл бұрын

Awesome information! Clint explained this very confusing topic in terms that even a 12 year-old could understand. Thank you for making my decision to not only obtain a Living Trust but also a Living Will!

@ClintCoons 2 жыл бұрын

T Rowe Thanks for watching.

@graceoverall 2 жыл бұрын

You're an incredible father sir. I wish my father would have been more like you. I'm trying to be that for MY kids, to leave them a legacy and educate them financially so they won't be financially illiterate like my dad, God bless him. Starting young too. 😉 My oldest is only five, lol, but she's freaking SMART. 🧠

@ClintCoons 2 жыл бұрын

Thank you and all the best to you and your family.

@GForceFitness1 4 жыл бұрын

This is fantastic information. Everyone needs to watch this!

@ClintCoons 4 жыл бұрын

Thanks

@realtormonicaj Жыл бұрын

Thank you, your explanation was very clear and informative

@funsun7768 5 жыл бұрын

Great videos!! 💜

@CapitalG222 2 жыл бұрын

Incredibly informative!!! Thank you for the personal share as well.

@ClintCoons 2 жыл бұрын

Glad it was helpful!

@mylifeexperiencebystephani6989 3 жыл бұрын

Thank you atty. for the information. Your kids and wife are so lucky.

@ClintCoons 3 жыл бұрын

I think I am the lucky one. :)

@moniquecroft843 3 жыл бұрын

Wow. You are preaching!

@downhomegirl5 3 жыл бұрын

Trust, Living Will, Medical P.O.A., Financial P.O.A., Will, Schedule of Gifts, got it ☺

@MrCMVikram 3 жыл бұрын

Very good presentation. No I know what a living trust is and why I should have one.

@parleyp2468 2 жыл бұрын

THANKS! You broke a trust down perfect.

@MarcusLeepapi 4 жыл бұрын

Thank you for this..

@davidgordon689 2 жыл бұрын

This is amazing. I feel like I should be paying you for this course. Great job. Thank you!

@ClintCoons 2 жыл бұрын

Glad you like it!

@TereenaEllington Жыл бұрын

Three years old and still good information. Thank you!

@ClintCoons Жыл бұрын

You bet!

@MrRain-hk4zi 7 ай бұрын

You do a great job explaining these processes. Binge watching your videos...now my brain is full!

@guerdyyacinthe1352 2 жыл бұрын

This video was extremely informative! Thank you so much!

@ClintCoons 2 жыл бұрын

Much appreciated.

@MekoWilliamsTV 3 жыл бұрын

Thank you for doing this video! Great video!

@ClintCoons 3 жыл бұрын

Glad you enjoyed it!

@sivhuskycarrillo8395 2 жыл бұрын

I love all the great info in you videos thank you I see them all. Very helpful videos

@ClintCoons 2 жыл бұрын

Thanks

@michelepaine8480 3 жыл бұрын

Awesome Information! Getting on it now :)

@awakening80 3 жыл бұрын

Great presentation! Thank you.

@ClintCoons 3 жыл бұрын

Glad it was helpful!

@OzyRooster 2 жыл бұрын

Excellent! Clear, concise, highly relevant information! Thankyou.

@ClintCoons Жыл бұрын

Glad it was helpful!

@basilward8098 4 жыл бұрын

thank you amazing info

@BuildYourTomorrow 4 жыл бұрын

Very helpful. Thanks.

@Bewareyou1 4 жыл бұрын

This was so easy and simple for me to understand, thank you!!

@BinoPutMeOn Жыл бұрын

Great information! Thank you sir.

@renitastarr7999 2 жыл бұрын

This video is so informative, thank you!

@ClintCoons 2 жыл бұрын

You're so welcome!

@martianmusicllc Жыл бұрын

Love the control the kids part 🤣😂🤣

@luvnnitraII 4 жыл бұрын

Right on time!!!!🙏🏽

@ClintCoons 4 жыл бұрын

Thanks

@iancsb1 2 жыл бұрын

Everyone needs to see this video, great content.

@ClintCoons 2 жыл бұрын

Thanks

@AK88. 5 жыл бұрын

Hey did you put wills on the list twice by mistake? Also your videos are very well done, consider using on screen premade graphics maybe fading in next to you to easily list and organize thoughts. You are my go to for this kind of content, keep it up!

@TheBipin819 2 жыл бұрын

Excellent as always 👍 please keep it up 👍🙏

@ClintCoons 2 жыл бұрын

Thank you! Will do!

@nancyaljida3045 2 жыл бұрын

Wow you are great to explain that thanks

@eddieochoa6966 Жыл бұрын

Thanks for making it easy to understand!. Very good public speaker.

@ClintCoons Жыл бұрын

Glad it was helpful!

@sosautogalleryllc1409 7 ай бұрын

Amazing. This info is gold. Thank you so much.

@ClintCoons 7 ай бұрын

Glad it was helpful!

@SherifaNakalema 2 жыл бұрын

I loved it even more when you used the diagram! Great video!

@ClintCoons 2 жыл бұрын

Thanks

@MommyMogulBoss 4 жыл бұрын

Oh my God! Thank you so much for this

@ClintCoons 4 жыл бұрын

You're so welcome!

@shoveljunk-americanpatriot7603 3 жыл бұрын

Very well done. Thank you.

@ClintCoons 3 жыл бұрын

Glad you liked it!

@anthonyisamuhammad9595 Жыл бұрын

ABSOLUTELY Great information exsplained perfectly

@ClintCoons Жыл бұрын

Glad you enjoyed it!

@chithebot 3 жыл бұрын

amazing explanation and analogy!

@ClintCoons 3 жыл бұрын

Glad you think so!

@EXCELGUPTA 3 жыл бұрын

GREAT SOURCE OF KNOWLEDGE THANKS

@ClintCoons 3 жыл бұрын

Thanks and welcome

@SherifaNakalema 2 жыл бұрын

That was a great presentation! Thank you!

@ClintCoons 2 жыл бұрын

Glad it was helpful!

@oliverallen5324 2 жыл бұрын

This is very important.

@josecruz6645 3 жыл бұрын

Can I add you onto my trust? 😂 you’re gold! Worth my time watching!

@ClintCoons 3 жыл бұрын

Hah!

@mpeng123 Жыл бұрын

Thank you for the invaluable information.

@ClintCoons Жыл бұрын

Glad it was helpful!

@atlakatl3555 2 жыл бұрын

Thank you so much sir, you are a gem.

@ClintCoons 2 жыл бұрын

Appreciate you.

@srizki 3 жыл бұрын

Sir, this video opened my eyes.

@ClintCoons 3 жыл бұрын

I'm so glad!

@alphabroly28 2 жыл бұрын

Excellent video , I learned so much and very quickly.

@ClintCoons 2 жыл бұрын

Glad it was helpful!

@Estronguista 3 жыл бұрын

Great advise. I own real estate with mortgage on it, i was gonna deed it to my llc, but now i see a better alternatives. Thank you.

@ClintCoons 3 жыл бұрын

Very welcome!

@atlakatl3555 2 жыл бұрын

@@ClintCoons Hi Clint, would you advice to deed properties with a mortgage to LT and if so would the children need a LLC upon me passing

@noel888 4 жыл бұрын

I wish I knew all about this 12 years age when i started mine. The attorney I had recommended a estate plan will. When i had to make a change due to some heir death and etc, he kept charging me hundreds of dollars just to change one line of the existing will. I thought that one POA would cover all those areas that he described above? Now with this virus crap emergency, it would be difficult for this 91 yr old to change to a living trust.

@sunman4291 2 жыл бұрын

Thank u great information much needed …

@ClintCoons 2 жыл бұрын

You are so welcome

@deangraham9027 2 жыл бұрын

Hey Clint, after just seeing one video of yours I honestly learned so much, you deserve a subscribe ! Can you please make some videos about offshore companies handled by trusts, advantages and disadvantages of it and for tax avoidance legally ? thank you very much !

@ClintCoons 2 жыл бұрын

Dean thanks for subscribing but we do not touch offshore. Offshore planning is outside of our wheelhouse and something we do not have any experience with setting up.

@deangraham9027 2 жыл бұрын

@@ClintCoons Thanks for the quick response, looking forward for more videos :)

@AnthonyBrown-xd2lw Жыл бұрын

“You use to be on here but your not because I haven’t seen you in two months”😂😂

@coritoparedes8805 4 жыл бұрын

Great info 👍🏼

@ClintCoons 4 жыл бұрын

Glad it was helpful!

@bhupendrapatel9020 3 жыл бұрын

very good information and easy to understand.

@ClintCoons 3 жыл бұрын

Glad it was helpful!

@rosemariehomeyerbente1832 4 жыл бұрын

Thank you.

@superrascal664 5 жыл бұрын

I in my time, have been the court approved executor of two pro baits and did not need a solicitor ( lawyer ) It is a sad duty but it is not a hard job ( a very over paid job when employing a solicitor ) I did it for FREE as promised to one of the diseased. and FREE when my brother passed, being executor for his wife. and I am just a layman, no law training.

@vicc6527 11 ай бұрын

Great video, thanks

@ClintCoons 11 ай бұрын

Glad you liked it!

@gussstavropoulos7567 2 жыл бұрын

Thank you sir, a very informative video

@ClintCoons 2 жыл бұрын

You are welcome

@Steven-rn2bu 5 жыл бұрын

Thank you for sharing this liked, subscribed and notifications on. How do you protect an estate from being eaten up by long term care expenses?

@ClintCoons 5 жыл бұрын

This is difficult and takes early planning to move assets to keep them from being sucked in to cover expenses. This is state specific so I would contact an elder law attorney if this is a concern.

@Steven-rn2bu 5 жыл бұрын

@@ClintCoons Thank you. I helped my parents create a Living Trust many years ago, but now that they are in their 80's I am afraid that it is not enough to protect from this, if it wasn't matched with a long-term health care policy or slowly transferring their assets to their heirs 7 years before they need long-term care. Now they are 85 and 81, SMH. We have some work to do.

@darrinharvey2794 Жыл бұрын

I am a very happy and grateful Client of Clint's company. It started by attending a Conference, then seeing him at an event and him giving me a book to read (did so and marked it up) and watching most of his videos. I am about to start this process with his company and if you have any assets I suggest you do the same! If its like the other services I have experienced with his company, Entity formation and management along with tax preparation and guidance I know I will be in very capable hands!

@ClintCoons Жыл бұрын

Wow Darrin thanks for the nice compliments. Looking forward to working with you.