What is a Living Trust and What are the Benefits? (Living Trust 101)
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- Опубликовано: 30 май 2024
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Chances are you have heard of wills, and there are reasons for that. However, we are here to discuss living trust and its benefits.
Welcome to Living Trust 101!
Living trusts offer advantages for people that wills do not. There are too many people in the world who are naive to the difference a living trust could make for their heirs.
Could you benefit from a living trust? If so, how?
Watch our video to learn more about the advantages and disadvantages rough on by living trust and wills. Some lawyers may try to hide living trust from you, but Toby Mathis is here to educate others and explain things for your benefit. Watch the video till the end to gain the most from the content.
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0:00 - Intro
2:25 - Part 1 - Intestate
5:13 - Part 2 - Will
8:29 - Part 3 - Living Trust
12:37 - Will vs Living Trust
18:17 - Closing remarks
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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. of the information contained herein without seeking professional legal advice.
#Wills #LivingTrust #101 
Хобби
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Someone just stole my food friends home!!!!!! What can I........how can I help her get her home back?
@@lonnieaka.justincase3450 44⁴44⁵
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After my dad died and my mom had a little Money. I told her mom go out and buy yourself some new furniture . Buy a nice washer and dryer. Go to bingo everyday if you want to. My mom scrimped and saved all her life because we were poor. When it was my birthday I honored my mother because she carried me for 9 months and gave me life. When she died I was devastated. She left a couple thousand dollars to me and I couldn't even spend it. I kept thinking about the time she could have used it when I was a little kid. But she did go out and treat herself to New furniture and did spend most of it. She had a stroke and I was there every day. I didn't even think about my job. I thought how many times she sacrificed for us. Please be good to your parents. They gave you life.
I know how you feel. My mom lived with us the last 17 years of her life. When she got sick i didn’t hesitate to care for her. I was honored to see the woman brought me into the world out of this world. My brother who did nothing in the last 17 years for her. When she needed new tires i informed him she didn’t have the money….crickets. My husband I cover 60% (all we could afford). Over the years i provided for her as she provided for me growing up and a few times as an adult. Do you know he took 1/2 her insurance after burial expenses, but he did let me keep all funds from the sale of her car ($3000 after my expenses waiting for probate). Wasn’t super nice of him? Forgot to mention her insurance was only $25,000 after expenses. I’m feel greedy, but if the roles were reversed I wouldn’t taken half, if any at all.
Thanks for sharing! ❤❤
@@memeyers19620
I am an only child and my parents have been advised by their lawyer to make sure they have a living trust and not just a will. My mom literally said to me: “we don’t want to put you through the nightmare of the courts”. Their lawyer is a knowledgeable person and Toby thanks for explaining everything.
Good thing. Going into probate court takes 42%, per our living will trust attorney. I highly recommend a living will trust.
My dad passed away last December. He mentioned he wanted to go get a living trust done, but unfortunately he got sick and passed away before he had a chance. We are still in probate court and it's been a nightmare, not to mention expensive! We have been paying on his house for almost a year and just received the right to sell it from the courts. Get it done sooner than later folks, my dad thought he had time but you never know!
So sorry for your loss!
I have a revocable trust, is that a living trust?
@@TobyMathis I have a similar situation, my father had been prompting me to set up a special account; the last 5 years saying that I have an inheritance, & so it doesn't affect my Social Security disability and Retirement income. I looked & only thing I found was to put it in an educational savings account for a time & amount dispersement; Is there anything better to secure my inheritance without pay taxes, or affecting, lose my SSDI INCOME!? ALSO my sister's KEPT ME in the dark, not inform me of anything till after. NOW there trying to lead me to believe there is no WILL; that DAD WAS BROKE, & THEY HAD TO SELL EVERYTHING TO PAY HIS BILLS and I was MIA (missing in action for so long, & not keeping in touch) they my two younger & one older sisters "didn't want to be responsible for ME. Tried to find some Legal advice FOR HELP. All Attorney said "to find out if Will was in Probate" couldn't find anything,
I'm sorry for your loss. Thank you for the warning.
@@patriciabroderick3436 yes
Excellent information, our family is fractured now because of a will that was changed days before dad died. Resentment, envie, and greed motivated a couple siblings to prey on his despair and get him to change his will. My wife and I will set up a trust for ourselves so our heirs don't end up going through what we experienced. It is beyond my comprehension why siblings plot to hurt one another, but the love of money does funny things to people.
Amen it is sad people fight over things that can be replaced but the loved one dying no matter what their past is like you cant replace a loved one simple and to fight over it is sad belonging dont replace them the love they gave you and memories are the key to healing your heart and keep a loved ones memory alive
Hi Mark! Sorry, you experienced such heartache and broken relationships. I pray one day your family will realize the foolishness of their ways and seek reconciliation. PRAY! God's word does not leave any room for excuses, "The love of money is the root of all evil!. Your heirs will thank you. Blessings, Karen
@@paule5662 Thank you
I know the feeling, im on my 2nd dealing with thievery in my family. 100s of thousands were stolen and last wishs not fulfilled. Its so important to have your affairs in order.
@@4wchitstands Sorry to hear that John. Don't get too caught up in it. It took me down a dark path for months. I am doing better for it, when I accepted it as a blessing and a lesson. Unbelievable how much abundance we have been blessed with since we had been taken advantage of, but God answers prayers when you show gratitude. Try to be thankful for all life's blessings, even the negative ones. Let go and move on, or it will consume you.
I envy my dog's carefree life after watching this video.
Thank you for explaining Living trust versus Will in a very clear way. I have never heard explained as simple and as you'd done. This is going to be a game changer for a lot of people listening to this.
Don't do it. It only benefits the attorneys. Almost 70 percent of living trusts are never funded. Meaning the trust is like a shopping cart and your assets are like the products you put in a cart. Everytime you buy an asset, or sell an asset, guess what..the estate planning attorney or CPA will charge you to update the trust and it is not cheap. Furthermore, if you try to say get a mortgage but your securities at a brokerage are held in the trust you will have to get a notarized ($$$) copy of the trust not just show them your statement from your brokerage.
@@ksmith2852 Do you know approx how much the transactions you mentioned approx cost?
@@ksmith2852 So, what do you think is better??
@@ksmith2852 Thank you for voicing your opinion. I disagree, but get where you are coming from. Lawyers make billions (with a "B") from probate fees. According to studies, including AARP, the average costs of transferring assets via probate are in the 15-20% range. There are also things like financial & health matters during your lifetime - both of which are also addressed in a living trust. Even unfunded, a living trust is better than a will as there is still a pour-over will included in a living trust that dumps everything into the trust. What it eliminates is public disclosure of what is going to whom as well as the litigation between beneficiaries. Too much here for a simple response, but suffice it to say, I disagree.
I love your videos. They have so much important and eye opening information❤
I think it's important to define the differences between revocable and irrevocable trusts... specifically the ability to shield assets from consideration regarding Medicare and nursing home costs.. please consider including this in future videos
One of the ways to shield assets from medical costs is to get a special needs trust and appoint a fiduciary to oversee it.
Neither of the statements above are correct
@@mgwright56😂😂😂😂
@@mgwright56 please explain on what you mean by that. Thank you.
@RM-pq7vx just be very careful how you attempt to shield assets from Medicaid. Do not try to use an internet company. Find an elder law attorney.
I am a young accountant (just graduated college and am working towards my CPA) I just want to say that your content is wonderful and that your breathe of knowledge is something I am going to strive for in my career.
Breadth
LMAO... it's actually "breath" but if you wanna keep it going it's"bref"
breadth
OverviewUsage examplesSimilar and opposite words
Dictionary
Definitions from Oxford Languages · Learn more
noun
the distance or measurement from side to side of something; width.
"the boat measured 27 feet in breadth"
Similar:
width
broadness
wideness
thickness
span
spread
diameter
beam
wide range or extent.
"she has the advantage of breadth of experience"
Similar:
range
extent
scope
width
depth
amplitude
extensiveness
comprehensiveness
all-inclusiveness
spread
sweep
reach
compass
magnitude
scale
degree
Opposite:
narrowness
limitedness
DATED
a piece of cloth of standard or full width.
plural noun: breadths@@liagarden
👋 😊 can I have your Instagram, tanks
not quite , its spelled bredth@@liagarden
I had to watch this a few times to make sure that I wasn’t missing anything. Thank you for breaking this down so that anyone can understand how to protect their family. Great video!
Glad you enjoyed it!
Amen!
How is content like this just sitting free here on the internet? This was AMAZING!! Life changing even. I've never heard anyone articulate how to nuts & bolts build a legacy. The thought has always been desirable but intangible. You made it plain. THANK YOU!!! This was the answer I was looking for.
I have a living trust. The attorney that wrote it tried to do a will. I am so glad I didn't. The cost was $675 for the trust or $2000 for the will.
Did you do it with Toby?
What?!? Did you get the costs reversed? Only $675 for the trust?
Yeah that doesn't sound right@@ExtraordinaryLiving
Where do you live
Probably a pour over will.
From one attorney to another - Excellent presentation Counselor!
Thank you kindly!
Toby, been watching you for years and learned a lot. But this is probably one of the best videos so thanks for some of the suggestions! My mom's one asset was a house that was purchased in 1977 for $40k but sold for $1.1m (California) when she passed last year with the proceeds sitting in a specialized account until distributions are made. She had Alzheimers but she passed peacefully in her home as outlined in her AHCD which was part of the set of legal documents she had set up in her living trust. As the trustee of her estate, I am witnessing firsthand the grief and greed that you so aptly described. The beneficiaries are pulling out the stops. One beneficiary asked for their distribution immediately after mom passed, another contested the trust, and the last has filed a petition to have me removed claiming I had undue influence over her when she named me the trustee. But the trust was set up in 1979 (updated every 10 years with me named as the successor trustee every single time) when she was of sound mind so the net effect is that legal fees can still drain the trust by belligerent beneficiaries. Yes, those legal fees will eventually be recouped at their expense. It's stupid though. My mom would be mortified if she knew what was happening.
Thank you for watching us!
So sorry for the lost of your beloved Mother. Thank goodness she had a trust. 🙏🏽💜
Very sorry for your loss of your Mother. I am and was a trustee for several people & family members, the greed I see is beyond belief! And yes, it is so very stupid. And yes I got accused of influencing, but the funny thing was when we had asked the greedy beneficiaries to help me as trustee to take care of the person so they had an idea of what was going on and could be paid a wage from the estate (and end up getting more money in the end than the others because they were being paid out of the same pot), not a one would step up. They wanted the money without the work. LOL...greedy, lazy and stupid...just unbelievable. Take care of yourself.
Very good presentation
T
I’m a paralegal probate law you are so right! Living Trust is the way to go. Lawyers push Wills but the cost before & after is $$$$$$$$$ and the effectiveness of a Will is almost nonexistent.
What about contesting a living will to get a delayed Birth certificate.
You see I have been trying to get a delayed Birth certificate. And the City Clerk Said I have to go to probate court to get it.
I have a question for you my grandfather passed away a couple months ago. He was living with his girlfriend for 25 years they’re not married he left two homes a couple of properties, some Ira account and a couple of vehicles. His girlfriend is living with him, sell any of his vehicles under his name Without having a will or a living trust ?
In California if your estate is over a certain amount they take something like 58% for probate. My best friend growing up lost Millions before they got done because his parents refused to put anything in a trust because they thought somebody would steal the trust from them and other silly rumors. They have four houses and a total of six million dollars in the estate. There was only him and his brother the brother who was causing all kinds of trouble. They had two boats but his brother wanted both boats stuff like that. Before probate was done a 6.5 million dollar estate dwindled down to 1.2 million each for the brothers. You better get a trust combined with a will.
Wife and I did a living trust in 1992. She passed in 2015. Just sold our house which was in the trust. Found out one half of the estate was in my name and the other half was in the trust. I was shocked when the title company informed me. I received a check for half of the proceeds. The other half was a check made out to my trust. It has to be deposited to our trust bank account which we never had. I hope to see my attrney at church Sunday to see what I have to do as my credit union will not allow me to deposit the check. Talked to the bank the check was drawn on and was told I have to have an acount with them and then establish a trust account. Really perturbed at the attorney which set it up but he is long gone from here.
Well done. I have one and forced my mom to set one up. She was on the receiving end of my grandmother’s estate - no will. Her sisters fought over tea cups. At the end of the day they never spoke to each other again. Easy Peasy estate settlement if you have a properly st up trust.
The Living Trust will do nothing about tea cup battles. Whoever gets into the house after the person dies will take the tea cups, photo albums, hard drives, safes and all technology. That's how it works in real life.
@@ksmith2852 True. Relationships ruined. On the other side my kids- minimalists- don’t want anything. My wife is an only child and has heirlooms back to her grandparents.
@@ksmith2852 Maybe its best to just give stuff away begor you die? I took 2 weeks and copied Every picture from 25 years and put them on several flash drives for my kids. So no fighting over albums. Got any suggestions? I dont want my kids fighting.
@@deirdremorris9234Also hard copies are most preferable backed up by digital ! So you may want to recommend to the beneficiaries a printing!
Wow. I have struggled with thoughts of how to leave a legacy to my descendants. Your valuable advice is exactly what I needed to hear. Thank you so very much.
You are so welcome!
@@TobyMathis 😊
“A good man leaves an inheritance to his children's children, but the sinner's wealth is laid up for the righteous” (Proverbs 13:22).
I have thought about that often. Thank you.
Amen❤
Just went through probate of my dad’s estate. He just had a Will and left me everything. He should of done a Living Trust. Probate was a nightmare.
The problem is people are not educated in living trusts. I was familiar with them. I talked to my sister who is the executor of my dad's will & then we both talked to our 91 year old dad about setting up a trust. We explained it would make everything flow easier in the future. Everything would be organized & easy. When our mom passed, it was a lot of paperwork, phone calls, transferring everything everything to our dad, etc.....He saw what a hassle that was & that is why he agreed to do the trust.
Thanks, I've been interested in a living trust for some time and finally someone explained it where it makes sense!
Ask about the expenses. Everything you put something into or take out of the trust you will pay.
Sir, you are a BLESSING!!!
My wife and I have been praying, and we have a Prayer Circle on our Ranch that we go to 2 to 7 times a day. I went there this early morning to beat this intense extreme hot(106°) weather. I watered, planted, arranged, and walked the circle praying for answers...I GOT IT, THROUGH YOU!!
I came inside to shower and nap, then I pulled up my RUclips, and your/this video popped up and stood out to me...at 1st, I was like, hmmmm, no likes, but tons of positive feedback and comments. I played it loud as I sat to eat lunch, so my wife could hear it too. We were at PEACE and CALMNESS came over us. Your genuine servitude, professionalism, transparency, and love for TRUTH is very evident, sir, and for that, I thank you, man to man.
We have a 18 acres Ranch in the Texas Hill Country, built a 2 story Barndominium, and have a 2 acres stocked pond, plus 4 German Shepherds, 120 chickens and roosters, 17 ducks, and multiple raised Vegetable Beds.
My mom and her brother STOLE my INHERITANCE that my dad left for my sister and I when we were 5yrs and 4yrs old, he was a 2 time Purple Heart medal recipient, and he loved us, I REMEMBER!! Long story short, he left everything to us in his WILL, but somehow, my mom assumed the role to dole out my sister and my FORTUNE, and USE it on herself and her new husband who physically abused and beat me naked on drugs listening to demonic music. Then my grandfather who took me under his wings, left me his fortune too, because I was 1st born, and I helped him clean up his rental properties and small lots around town, as my sisters and cousins MOCKED and LAUGHED at me because they saw HARD WORK and NO PLAY on the weekends A LOT. Fast Forward, my grandfather came down with Alzheimers, but before he lost his senses, he PROMISED me that he was leaving it ALL to me. Once he died, they buried him immediately, and TOTALLY SHUT me OUT, and Never Answered the phone and said that I wasn't allowed to come to their Mc Mansions. I was confused, angry, lost, and CRUSHED, because didn't know what was happening....NOW I DO!!!lol THANK YOU!!!
What can we do to work with you on our LIVING WILL?🙏🏽
Father God Almighty, please continue to bless this humble giving gentleman who is freely giving crucial information and explanations from his BIG HEART. We pray he will experience a hundred, thousand fold increase in his business opportunities and clients, in Christ Jesus name, amen🙏🏽🤴🏼🙌🏽
That is the most digestible explanation of the scenarios I've ever heard. Thank you Toby!
Glad it was helpful!
I knew some of the information about Living Trust but not all, it was mind blowing to find out what you can do with a living trust and I really don’t think my dad knew that too because he left it to my sister and my niece and my sister (niece mom) took everything & still complained. There was provision for all his grandchildren but my sister turned around sold all the property and put it under her name because she was the executor. Now everything is gone, no one has anything and she even convinced her siblings to give her money because of property taxes which she pocketed. Greed beyond imagination! Thank you for this information, I will definitely look into this!
Thank you for watching!
She could have gotten in legal trouble as executor for not following the will. The executor is responsible to fulfill the wishes of the person whose will it is.
I don’t even know how I ended up on this video, but I’m very thankful I did! Completely makes sense and need to share this with my mother who is stubborn as a mule. Thanks again!
We are so glad that you found our video, thank you for watching!
@@TobyMathis how do you set up a living trust for ur would be clients in CA? How much do u charge for a simple trust?
@@TobyMathis 😊
This is the best explanation of a LIVING TRUST I have ever seen to date!!! Sharing & Subcribing!! 🔥🔥🔥🔥
Brilliant
Thank You
A living trust is the way to go. No messy probate. You as a trustee are that person when that person passes away. Everything goes to you.
I live in Florida and see end of life greed from kids who swoop in like vultures after never helping with their parents in their elder years. Their greed is disgraceful
You're correct. I recall my children attending fifth grade in an Affluent school. It was very common for the children in the school who all seem to fit a certain image, to brag and declare how they couldn't wait for their parents to die so that they could have everything. Absolutely disgusting. But I wonder they were likely a reflection of their own parents
@@HeartLatic sounds like boarding school mentality for teens. Never heard of this in 5th grade before but they are corrupting children at younger and younger ages with their agenda.. sick and sad
I agree, doesn’t matter if there’s a trust
My Life
welcome to America, where we don’t treasure our elders. 💔
One of the best, clearest videos I've seen on this topic. THANK YOU! Toby is a natural on camera.
My mother-in-law had a trust and when she died, it was really hard but she had a living trust and all we had to do is open up the book and follow the instructions. It was so easy. I want to thank her for making it easy for my wife in this trying time, it was so easy I believe in living trust everything worked out properly. It was just perfect.
And thank you for this great content you explained this better than every video I’ve watched on this subject thus far!
Your explanations are refreshing and easy to understand. Thanks for taking the time. I have just become a new subscriber!
MY GOD THANK YOU!!!!!!!!!!!!!!!!!!!!
Excellent content for a living trust
My mother left me a sizable trust and when she predeceased my stepfather 5 years ago it became irrevocable. She named me as the sole beneficiary and my stepfather as the trustee. I never expected to inherit any money and was not surprised that I didn't when she died. What actually happened was that my stepfather spent over $200,000 of my trust fund on himself for non necessary items.( He was already very well taken care of by her pension, God forbid he should work for a living.) He also hid the fact that my mother had a trust fund for me and I didn't find out until he died a year ago. What could have been done to prevent this? Do I have any legal recourse or did he just get away with it?
Another phenomenal informational video. Better than a paid appearance with a lawyer.
I love love love the videos from Toby! They are all easy to understand and he breaks things down to where anyone can understand I will be doing a living trust. It makes so much more sense
You are the true honest (these days rare) American. God bless you.
Thank you for taking the time to share this information.
Got mines 30 years ago. No worries on my part. I’m good. 😁🤙🏽
Good to hear!
Mine* ffs....smh
Toby, just got acclimated with your videos including this one. Absolutely fantastic! Great job explaining everything clearly. You rock!!
You rock for taking the time to watch our videos!
He only presented a very basic positive side of Trusts. He is a salesman. There is a huge dark side of Living Trusts. Do your research from sources who do not make money from you opening a Living Trust, funding and changing the trust, and administering it when you die. The last cost is hidden; you are dead so you can't complain about the charges and the beneficiaries don't know any better and have no recourse other than sue.
@@ksmith2852 👍
@@ksmith2852 Hi, I have read a few of your comments and wondering who you are and what you are doing for your family at death? I like to hear all sides. I have been trying to get things ready for my children when the time comes. You just seem to disagree with all he says, but I haven't seen yet what your solution is (maybe I missed it)? Thanks for helping me decide!
I just wanted to say thank you for opening my eyes!
Thank you sir for educating us about the trust vs will. I truly appreciate that!
Just well thank explained and straight up informative!
Love it!
I love your take on things! To the point and not greedy, which is something one sees very seldom nowadays! Kudos! ❤️ 👍
Thank you for the clear and precise tutorial on a Will vs a Trust.
I live in NJ. A few years ago, my dad set up a revocable trust. We went to a local estate lawyer. His will got updated & everything-his home, stocks, etc.- were put in the trust. It wasn't hard to do & overall, it didn't cost that much, under $2k. Our family has peace of mind. When my dad passes, it will be a very emotional time for us. His estate will be be settled quickly. All the work was done while setting up the trust while dad was alive.
Thank you for taking the time to make this video and educating me on something so valuable, it’s much appreciated 🙏🏽
Glad it was helpful! Thank you so much for watching our content 😁
@@TobyMathis toby I’m trying to find the video you did explaining how to sell your home to either an LLC or an S corporation to take advantage of the $500,000 exemption if you’re married and having a new cost basis at the higher price for the LLC or S corporation. I told my lawyer about it and wanted to do it but he doesn’t think it’s possible. I’ve searched and searched videos and I can’t find it on your page or in my history.
Thank you.
Scott
Just found your channel. Love how you explain the difference between will and living trust. Thanks for the information.
Thanks for watching!
certainly learnt a lot that didnt know before..thank you
Enjoyed it. Easy to understand. Thank you.
The best ... stumbled here while switching bewtween 360 videos. I always wanted to do this. Been giving away $1,000s to family, strangers and organizations for years "just because..." This can help with my legacy versus giving 5 figures to my "beneficiaries."
Very well done sir. Thank you for this video and its useful and clear content. I've been debating between a will and a living trust and now I know the living trust is the best choice for me and my descendants. Please keep up the great work.
I enjoy hearing you. It was very clear to the point thank you.
So grateful for this
God Bless You we are getting there the past 2 years I have been telling my husband we need a LIVING Trust! No we do not have a lot but house cars and a little insurance money I have seen Wills eat families money up by being in court! YOU DO NOT-KNOW how much you have helped me I called my husband in the room and got him to watch settle! I question we live in small town a small county do I need a attorney to ours up that specializes in Living Trust! We already know who our Trustee will be!
Good presentation you don't see lawyers giving this kind of advice out to the masses .
Your video was forwarded to me by a friend and after watching your presentation, it was very informative and to the point. Thanks for sharing the knowledge.
Excellent video. This is exactly what I was looking for.
Thank you very much you Have educated me too a better understanding I was going to do a will but now I don't think so
I have a living trust it was a little overwhelming but so glad it’s done and I love your explanation here! Great job! Thanks
Did you need a lawyer to complete the living trust paperwork?
@@tansmith1917 I’d like to know also
Thank you!
Well.
We learn something new every day.
THANK YOU
First I've heard of a living trust. Thank you for the info!
Very informative. We had an expired Living Trust from California but due to moving to another State kept me on delaying to do a new, too many changes. Thank you and I will make sure my husband will watch your video presentation.
Thanks!
THNX, GREAT JOB ENLIGHTENING US!
Thanks for putting this online, Toby! My Dad got a living trust back in the early 2000’s. I was his executor and trustee.
Now I have to get one for myself because my wife has early onset Alzheimer’s and to make sure my daughter is protected. I wanted to re-familiarize myself before meeting with my attorney. I was so glad to come across your website!
Thanks for sharing! We wish you luck in your endeavors and are happy we could help.
New here. Love your teaching and honesty. I just have a will. Guess I better get a Living Trust. Thank you.
Thank you so much. This is the information I have been waiting for. Now I will take action.
You had me at “I drive a car, jjjgghhghh”. 😂
This is exactly what I want, I want to create generational wealth for future generations in my family, unfortunately I’m starting from scratch at the moment but have a plan and I’m running with it, and I like the fact that I can dictate and make sure that the money and assets continue to grow and continue to be handed down generation after generation without those future generations just squandering the money but making that money grow and the assets grow even after I’m gone, to create generational wealth so that my grandkids and their kids and so on aren’t starting from scratch and have a good shot in life, I am so glad I saw this video
That's why you want to put everything in a trust
I'm glad I found your video information that is giving me a clue how everything is going in process information is the key for everything.
Thank you. Clear cut explanation. New sub for sure.
Thank you for the information. My parents have a will and asked me to be their caretaker. I recommended a Living Trust because we have siblings and some are not on speaking terms. The Living trust provides my parents the opportunity to provide their voice in their assets. Great inforamation.
This viedo is so beautifully done, I like the fact he called Aretha Franklin, Mrs. Franklin..showing me that he really care about legends and legacy.
and taking care of your assets when you leave this world..thank you sir you are a blessings..I am running not walking to see a lawyer about a living trust for my family.thank you with all my heart😊
Thank you so much!
Seriously helpful and lines up with everything I learned going through this process. Super useful. I don't know if you've considered this before but if you were to find someone to present these in other languages such as Spanish and Mandarin, you would impact so many people. Stuff like this that is relevant to aging in the United States is almost impossible to find when English is not the first language. I've heard so many stories from first-gen friends with parents who are so lost but don't have the means to how lawyers, and don't know where to find this info. Thanks!👏🏼
Thank you so much for the great information. Was going to do a Will. Now learned a LT is the way to go. On it!
Awesome job at explaining this information. Leaving a legacy idea definitely puts life into perspective as to what is important to you and your family.
Well said!
Great video (I love it when Toby acts out the story and with sound effects)!
Thank you for your sage advice.
Thanks so much, it answered my questions to the fullest.
Thank you, your video was excellent!! My mom 80, has a Trust and I had questions on it where I called the lawyer who wrote it up but even still, you were very helpful! :)
Mind blowing. Many thanks! Will immediately check on Australian version and cross fingers it’s the same meaningful deal. Went through Probate with my beautiful mother in law and it was a four year horror show with all sorts of never heard of “Step kids” in their 50’s putting hands out. Pure distain for those types. Now we have protection thanks to your SELFLESS ADVICE. Bless you Toby!
Tory Taylor 😘
Thank you! This is a matter I've been struggling with lately. Liked & subscribed.
Thank you sir for this information ! I didn't know and paid a law firm 2200 dollars for a WILL !!! I feel cheated !
Great information. I am going to use it. Thank you Toby.
Glad it was helpful!
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! 👌🏾💯
Thank you.
This video really helped me. OMG! I need to get started on a trust now. I'm only 57, and I had some medical issues, so I need to put this in gear.
Hello, Mr Toby Mathis. Thank you for the advice on living trust it's very useful. This is my first time on your channel and you have a new subscriber and a thumbs up.
Great content. Right after my state lowered the amount of value needed before an estate had to go through legal probate, I had a certified legal document preparer do mine. She was very knowledgeable and made the whole process very straightforward. I guessing the state lowered the amount so that they can get a bigger piece of the pie.
You know today someone introduced me to a living trust with few hours I see this informative video.thanks
Awesome video my mom's 88 I've been trying to tell her about living trust the last 2 years it's like a flock of geese flying over a head this is the way to go!
Money can change most people,
money is the Root of all Evil.
“For the love of money is the root of all kinds of evil” that’s a lot different. Money can be used for good and this is exactly what the video is talking about
THANK YOU!!!! I needed to know what you taught in this video. What’s more, even before you suggested to do so, I decided to share the video with someone who needs to know this. You might just be our hero, Toby. 💖
Wonderful! We are so glad to hear tat our content was helpful!
Thank you for this information 🙏🏾 more clarity for me.