What Is An Estate Plan, vs. a Trust, vs. a Will? - Estate Planning 101

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Toby Mathis Esq | Tax Planning & Asset Protection

Toby Mathis Esq | Tax Planning & Asset Protection

Күн бұрын

What does estate planning mean, overall? What is an estate plan, and do you need one? In this video, we'll discuss the benefits of an estate plan and whether you need one. We'll also discuss the importance of a living will and its role in your life.
"There are things that occur while we're living, there's a transition period where we might not be able to make decisions for ourselves before we pass, and then there is after we pass." 0:40
After watching this video, you'll better understand what an estate plan is and whether or not you need one.
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Estate plans are designed to help you make the best decisions possible while you're alive and when you pass away. Without a plan in place, your wishes may not be honored. The importance of estate planning cannot be understated. A living will, for instance, gives you control over medical treatment in the event that you become incapacitated. This can help ensure that your wishes are followed even if you're unable to speak for yourself.
If you're looking for an estate plan for your family, this is the video for you! Gain a better idea of what an estate plan is and if you need one.
Thank you for watching our content! If you enjoyed this video, please share it with a friend.
Please be sure to like, comment, and subscribe to see more videos like this. To learn more about estate planning and how it can help your family, please contact our firm today.
Show Notes:
0:00 Intro
0:25 Estate Planning
7:36 Living Will
10:33 More Than Die And Distribute
12:57 Probate Process
15:54 HEMS Standard
20:19 Will Accessory
21:31 Anyone Can Have A Living Trust
26:50 Outro
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at aba.link/tobyaba
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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.
#estateplanning #livingtrust #will

Пікірлер: 14
@TobyMathis
@TobyMathis Жыл бұрын
Join us for our next Free Tax & Asset Protection Workshop Live stream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/aa3c73
@EvaderGuy
@EvaderGuy Жыл бұрын
Wow! What an eye-opener. I really believed I was covered having a will. My wife and I are in our 60s and of course I fell into the belief that I would just distribute after my death. Thank you for this very, very important information. I am getting ready to watch the rest of your videos concerning structuring a LivingWell and, the full estate planning. If nothing else, it will make life for my wife, should I pass before her, a lot easier. I too have seen families squabble and hurt each other over the most trivial things in probate. In one case, it destroyed the family, and I don’t think they ever recovered from it. Thank you again.
@rjvillanueva64
@rjvillanueva64 Жыл бұрын
Great information. Getting ready to execute my Estate Planning. Thank you for all you do.
@ljordon8101
@ljordon8101 Жыл бұрын
Toby you a good dude, you’re really changing lives, you got us out here planning our estate! lol
@TobyMathis
@TobyMathis Жыл бұрын
Thank you so much for your kind words!
@wisdomtaxgroup1343
@wisdomtaxgroup1343 11 ай бұрын
I'm a Financial Advisor so I've heard and seen lots of presentations. I really like the way Toby explained what estate planning really is and the importance of everyone having a plan vs just something for the rich. Great communication/message!
@willmallory9085
@willmallory9085 Жыл бұрын
With topics like this, I love this channel!
@maryclebeau
@maryclebeau Жыл бұрын
Wonderful advice. Thank you so much for sharing your wonderful advice.😊
@user-it2us7ip8u
@user-it2us7ip8u Жыл бұрын
Great video Toby! Can you include/cover businesses and investments overseas?
@nicolefitch6503
@nicolefitch6503 Ай бұрын
Do I have to see a layer for living will, I am in WA STATE. And do not know anyone
@Empress_Dominique
@Empress_Dominique 10 ай бұрын
When someone is in a distressful situation like a foreclosure and they don't want to lose their home. What is the process and the time frame to put the property into a life estate or living trust to help the person from losing their home?
@Flandria55
@Flandria55 Жыл бұрын
Can a non resident alien establish a US living trust or is this limited to US residents/citizens?
@TobyMathis
@TobyMathis Жыл бұрын
Yes but we are not sure how your home country will choose to treat it.
@marystivers7316
@marystivers7316 Күн бұрын
Can a adminastraiter turn of life saport for the person shes doing estate for she turned my dad off he in no way wanted that i was there she said she was going to pay bills
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