I agree! That's why it is advisable that you have to invest while you still have a regular job or earning a regular income, and do it constantly. You still need to have something that will keep you going even if you're investing. Good financial planning and money allocation is the key.

The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life. $52k dividends received in 2022.

I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured some money in value stocks and digital asset, i accrued over $80K in dividends last year

Sharon Marissa Wolfe is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

You should report them to the state bar of your respective state! The state bar may want to look intimidated his books.

You believe in God but he doesn't, that's why you got tricked. Sorry.

To answer your question about him answering to God: he, obviously, doesn't believe there is one.

I'm so sorry about your situation. I really hope that you get everything you lost back. No one should have to go through that.

thanks

Even better put real estate in an anonymous LLC from Wyoming or Nevada which owns the LLC created in the state the asset resides. No one can easily get your name. The trust can then give power over the anonymous LLC.

​@@crazycdn8327 you actually need a TX series LLCs as you don't have to file each year for each LLC. You get the same annonimity and charging order protections and save a lot on yearly filing costs. Other attorneys live WY or NV LLCs because they can charge you for the yearly filing fees. I have this set up in my Trust for all my LT, STRs and Primary real estate.

Wish I had seen comments like this before putting out that kind of money. (I did it last year.) And they're are a few strategies they'll use that my own regular attorney wasn't aware of. Now I have to be sure to take advantage of every service they offer as often as I can!

Thanks

I over here sweating it because this administration has a tax proposal on the table that would do away with trusts.

Can you give me more details how a trust would work in a prenup situation?

@@charlesschenck2354 I'm not an attorney so you should consult a competent trust council for the particulars of your situation. That being said I can talk about how just after I got engaged to my second wife I spoke to a lawyer about protecting my assets in the event my proposed 2nd marriage didn't work. We discussed prenuptial agreements in some detail. But my lawyers view that given the courts in our then domicile were having extensive litigation over prenups he considered them not the best option. However since I had accumulated significant financial and real property assets and had no outstanding debts/ mortgages a series of trusts and LLCs would provide a much better legal structure. I didn't have any children so my mother, sister brother and my nieces and nephews became successor beneficiaries to various trusts. I didn't have to discuss these financial arrangements with my then fiance in detail but I did let her know I was putting things in order before our marriage. As a precaution my lawyer set up a separate trust for my soon to be second wife with $50k in cash and a paid up life insurance policy. My lawyer wanted to be very sure if he had to disclose these arrangements to a court later my wife wouldn't appear to have been left out and had her own trust. When my second wife filed for divorce her attorney was certain I had assets that could be included in the marital estate. My attorney described the surprise on her lawyer's (a female) when there was very little marital property to divide. Even the judge in the divorce proceeding was skeptical about the small amount of marital property given my 1040s.

A living trust is completely accessible to your spouse. It provides no litigation protection or direction. Maybe the poster is talking about irrevocable trusts. They might work, but any use of community assets to support the irrevocable trust leaves vulnerable points. Irrevocable trusts with the grantor as the beneficiary have many, many places to screw up.

Also the failed attempts at comedy, & the girly inappropriate laughter was not only distracting, but annoying.

A sales pitch with repeated generalities...

I concur, so in this case I'm thinking a do it yourself might be better than nothing. Notarized including the power of attorney to kick in if you are incapacitated. And directives filed with your doctor regarding your health. I mean what else can you do?

What would you suggest to help fix this ?

Sue

OK

@@samgibson684 legal fees and just simply the terrible emotional stress involved when suing oftentimes makes it unfeasible.

Let God or fate take care of your aunt.

Anna this information would help me to understand

This is true, 1000%!

Yes

Good tip

It does need to be kept updated. If it’s say untouched for a decade lawyers could tear it apart. But it should be super cheap with no updates being made. I think I pay $40-50 every two years.

no

Not even remotely. It’s only for death or becoming incapacitated. Asset protection is a completely different topic all together. Look into anonymous LLCs and lawyers that specialize in it.

Maybe pay for professional advice instead of asking strangers on YT?

@@crazycdn8327 he is.

offshore trust

You trust should be in your state of residence. I don’t think it is a necessity, but you have to return anytime that you want to make a change. A new lawyer in new state is going to want you to get a new trust. He is not going to accept someone else’s document. Offshore? That is really problematic. That has got to trigger litigation. I doubt any US account manager will accept that trust document after the grantor’s death without a judge’s signature and a specific order to comply.

Liability is not really a driver. Prior to the grantor’s death. all assets are accessible. After death, the likely path is quick disposition of the vehicles. Depending on your state, maybe the specific state process is easier outside the trust. In my case, I have vehicles in two states and the beneficiary in a third state. I felt disposition of the vehicles from the trust would likely be easier.

Yeah, certain things that I don't want in my will/trust, I put into a letter of instruction.

trust has a will -- you have to get a trust and will

This really should have been addressed, even briefly, in this video

that depends on how the trust creator set it up. free game: read your states constitutions if you wish to see the people's trust.

Trust does pay taxes

No tax is paid on assets held in Trust by the Trustee/s. Only when any asset is realised. And when I’m here, you do not need an attorney or lawyer to set up a Trust.

No, the living trust pays no taxes, rather the Trustor pays any taxes the trust owes each year. The trust is a pass through entity, meaning tax responsibility passes to the creator of the trust. The IRS instructs the Trustor to not even mention the trust and to file taxes as if the trust didn’t exist. The Trustor files and pays or receives tax’s or refunds directly on their personal taxes.

Commonwealth State😎👍

Would you please let me know who the consultant is who helped you with your investment and, if it's okay with you, how I might get in contact with them?

If your ultimate goal is riches, then invest. But, if you want to build a long-term, profitable plan, get advice from a financial counsellor.

God watches everything you will be blessed!!

a trust would not have helped.

😢😢😢same happened to my husband...the sisters hid the will and was forced to share the inheritance. We found out about the will from the Aunt who's still living today who knows about the will. Anywho, long story short now we are living great...one sister has cancer and another is still living broke...no matter how much money that oldest sister holds still end up broke every time...ahhhh yes karma

Family🙄

Good info. Thank you.

They should hire a bee keeper too handle those that used them🤔🤨😠😎👍

⁠@@Justaguywithtruthindeed! Jason Statham comes to mind

Oh my! Thanks for sharing

Right? Too much. You can find for 1k most of the time in NYC area. Half that in non cities.

That is steep. I've seen it for much less

I'm surprised that you just mentioned Natalie Strayer here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.

The very first time we tried, we invested $2000 and after a week, we received $9500. That really helped us a lot to pay up our bills.

Natalie Strayer has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's

This sounds so good and I would like to be a party to it, is there any way I can speak with her?

After I raised up to 125k trading with her I bought a new House and a car here in the states also paid for my son's surgery Glory to God shalom.

It wasn’t a mistake - it was a joke, and a common one.

When that happens, we’ll All be looking for help. Not in a good way. 👀