All About Trusts - Misuses And Uses (How To Avoid Trust Scams)

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  • Опубликовано: 26 дек 2024

Комментарии • 148

  • @TobyMathis
    @TobyMathis  7 месяцев назад +11

    Want answers to your questions about this video? Schedule a complimentary consultation with our experts today! aba.link/3892cb

    • @PeterRaiblais
      @PeterRaiblais 3 месяца назад +4

      We don't need a consultation on the easy to forge estate plan we need a Prebate Nickel or NICER Probate Dime Administration.

    • @GuiloryGranteeGrandkid
      @GuiloryGranteeGrandkid 2 месяца назад +3

      National Institute of Certified Estate Planners caveated the Estate Plan Trust failed so please replace it with the NICER 33-year reformed Permission Ledger Arbiter Interdiction Trust with a complete inheritance administration.

    • @andyconde9197
      @andyconde9197 26 дней назад

      SewwThe j. ,11

  • @JasonBobby-xj1lk
    @JasonBobby-xj1lk Год назад +18

    Attorneys don’t like trusts usually because they can’t challenge them. That’s why the BAR doesn’t regard them much and prefers llc’s given the fact that they can be challenged and offer less protections than the correctly structured trust.

  • @mastersbusinessalliancetrust
    @mastersbusinessalliancetrust 11 месяцев назад +4

    Research IRS code 643(b) this is how you shift proceeds in such a manner that’s not considered income. “Extraordinary Dividends applicable to corpus” meaning if the “income” is passively distributed (for example by a K-1 from another trust) the courts have ruled on this so many times. I will get on the show and show the IRS opinion letter on this matter.

  • @keymax5628
    @keymax5628 Год назад +5

    Thank you so much for this insightful video! The knowledge shared by both Toby and Brent Nelson was truly valuable. I appreciate the genuine approach and expertise demonstrated. It's evident that you're passionate about providing helpful information. Looking forward to more content like this!

    • @TobyMathis
      @TobyMathis  Год назад

      Thank you for your kind words! I'm glad you found the video insightful and valuable.

  • @sleepystar887
    @sleepystar887 8 часов назад

    They've already taken almost half a million from said trust I inherited, am appointed to manage and allegedly "have no rights to change".❤

  • @gregbannish8423
    @gregbannish8423 8 месяцев назад +2

    You mentioned that a grantor irrevocable trust pays no estate tax, but doesnt irs rule 2023-2 effective march 2023 say otherwise? Confused...

    • @PeterRaiblais
      @PeterRaiblais 3 месяца назад

      There is no such thing as a tax-free Trust in the USA, fortunately a married couple in California has about a 25 million dollars Federal Tax Exemption.

  • @wompol7117
    @wompol7117 9 месяцев назад +2

    so do. i need to give assets to each of my kids and get
    their businesses set up with their own limited trusts with insurance policies? that way i only keep &6m for myself to live on? totally confused now

  • @deniselockett290
    @deniselockett290 Год назад +23

    You guys need to educate yourself on the Trusts of the elite. Many people are now getting wise to the Private Express Trusts

    • @Uaintfireliar
      @Uaintfireliar Год назад +7

      I would not expect an attorney to understand the private side.

    • @Uaintfireliar
      @Uaintfireliar Год назад +1

      @@LuxeprivaeMedia Indeed thanks for the case law.

    • @TobyMathis
      @TobyMathis  Год назад +10

      A living trust is a private express trust. Just about any trust created to hold assets for a private beneficiary qualifies. It is not special.

    • @spg1794
      @spg1794 Год назад +2

      ill bet anything , that someone sold you services to set up an ordinary trust, gave it a fancy name, and lied to you about its tax liability. I strongly suggest you get yourself a tax accountant, find out how much in back taxes you owe, and pay them off. "but they told me i wouldnt owe taxes" will not float in court. 🎉 youre welcome

    • @mastersbusinessalliancetrust
      @mastersbusinessalliancetrust 11 месяцев назад +1

      @@TobyMathisA living trust is not a private express trust as you must record it at the county.

  • @sleepystar887
    @sleepystar887 9 часов назад

    My COUSIN lawyer - who never experienced living below the poverty line or disabilities - resigned from repping my inherited revocable trust the moment I said my plan is (still!) to change it into a private common law trust saying to me, the managing trustee, I had NO rights. Buh-byeeeee cous'❤

  • @TrustRuss-r1t
    @TrustRuss-r1t 3 месяца назад +2

    We are fed up with planners.

  • @sleepystar887
    @sleepystar887 8 часов назад

    May I ask why a client's lawyer and a financial advisor would try taking over their client's trust and taxing all - all even ones not directed to go in - assets?❤

  • @AndrewGuyton-fq1je
    @AndrewGuyton-fq1je Год назад +2

    Is it a good idea to have common stock in a family trust ?

  • @organizer14
    @organizer14 Год назад +2

    What is a business trust as contrast to grantor trust? Thanks for education!

  • @exjwfromwyoming1275
    @exjwfromwyoming1275 2 года назад +6

    Just wanted to let you know that i been watching your videos for a few years now and enjoy the information you share. I was in the construction contractor for 20 yrs and retired to care for my mom and her dementia and her assets are in a living trust due to the info you have given thank you. I am currently playing the lottery and will be in touch once I win, lol. Again, than you!

    • @TobyMathis
      @TobyMathis  2 года назад +1

      Thank you for being a loyal viewer, we wish you all the best!

    • @outacontro1
      @outacontro1 Год назад

      This cast is a breath of fresh air in the midst of all the crap I've seen

  • @mountainmedium111
    @mountainmedium111 Год назад +1

    Just found you! This is great information! Thank you both for these detailed definitions of trusts. I plan to listen to all of your videos now, & will share them!

  • @FishFemme
    @FishFemme Год назад +4

    Interesting checkerboard floor....

  • @arthurquinn9989
    @arthurquinn9989 2 года назад +5

    What about a home that is in an irrevocable trust

  • @PeterRaiblais
    @PeterRaiblais 3 месяца назад +2

    This old man says the best way to avoid Trust Scams in a few months will be to hire a NICER approved Legalese Administration Lawyer and team of Allied Legal Professional Trust Guardians to defend your family. With a forgery proof Latin Law Permission Ledger Arbiter Interdiction Trust. With a complete super complex administration to avoid the easy to forge plain English estate plan trust and 50% in Billable Litigation Hours.

  • @organizer14
    @organizer14 Год назад +1

    Thank you very much! Very helpful!

    • @TobyMathis
      @TobyMathis  Год назад

      Glad it helped! Thank you for watching.

  • @hadassahjacksonchannel6971
    @hadassahjacksonchannel6971 Год назад +1

    Thank you for wisdom

  • @wompol7117
    @wompol7117 9 месяцев назад +1

    can they do multiple trusts or other vehicles to mitigate estate taxes? if we have $12 m in a trust NOW do we get
    generated in or still screwed if limit
    changes later?

    • @TobyMathis
      @TobyMathis  9 месяцев назад

      Setting up multiple trusts or exploring other estate planning vehicles can indeed help mitigate estate taxes. To get a comprehensive answer tailored to your specific situation and concerns, I recommend scheduling a strategy session with my team. Visit: aba.link/3892cb

  • @thefeloniousscot3955
    @thefeloniousscot3955 Год назад +1

    Toby...I just caught a promotional video that got me fired up...and the first place I ran...to you! I figured you would have a video up providing clarity on how a business trust isn't just as good as an LLC. I am going to watch this trustarte video and see what they have to say...

  • @codegeek98
    @codegeek98 2 месяца назад

    So what's the rule of thumb for avoiding the scams? Make sure the lawyer can explain to you what _exactly_ the basis for any given tex planning scheme?

    • @VictimizedSenior-x8f
      @VictimizedSenior-x8f 2 месяца назад

      Hire a NICER approved Forgery Proof Inheritance Administration Lawyer with a 33-year reformed Financial Elder Abuse Defense Network to protect vulnerable seniors and defend grantees legacies.

  • @dq7143
    @dq7143 2 месяца назад +1

    You need a Trustee that is trustworthy for your Trust.

    • @VictimizedSenior-x8f
      @VictimizedSenior-x8f 2 месяца назад

      You need a NICER approved Forgery Proof Inheritance Trusted Advisor to County Fund, NICER Record, Defend, Validate, Certify Rightful Heirs, Mentor Grantors, Monitor Trustees, and Referee Grantees in a 33-year reformed Financial Elder Abuse Defense Network. With Administration Lawyers and Trusted Advisors who put their clients' needs ahead of their own. With NICER 837PC Citizens and Sheriffs on call to arrest Trust warned, Permission Ledger monitored, NICER exposed Will, Trust, and Power of Attorney forgers, counterfeiters and financial elder abusers.

  • @KennethStickler
    @KennethStickler Год назад

    CTA is the hot button in my circles. Can you research how a business trust can or cannot provide anonymity?

  • @H1ya2u2
    @H1ya2u2 Год назад

    Does tax laws have definitions for specifically its own laws?

  • @DebRoach-z6h
    @DebRoach-z6h 5 месяцев назад +2

    Help!! Need advice!! My brother is trying to get the whole inheritance for himself!! He is a intelligent con artist. My father was very wealthy. I promise you, I have the most nasty, but interesting, eve,r!! Plz help me stop him!!

    • @DebRoach-z6h
      @DebRoach-z6h 5 месяцев назад

      Meant to say case.ibe been watching for 5 hrs today.plz contact me!!

    • @TobyMathis
      @TobyMathis  5 месяцев назад

      I recommend registering for a complimentary consultation with my team. We'll tailor our advice to your specific needs. Sign up here: aba.link/3892cb

    • @FisherMan-g2z
      @FisherMan-g2z 4 месяца назад +3

      You need a Notary Index Crime Enforcement Regulatory approved Administration Lawyer but they won't be on board for a few months, our greedy Sibling forged the documents and the Estate Planner who promised peace of mind like all EPs refused to help. Make sure you get a complete administration not just a plan!

  • @agustamomo5870
    @agustamomo5870 10 месяцев назад

    So let me understand this a trust is double dipped do you put the money in the trust before it was taxed or pay taxes on it twice.

  • @hadassahjacksonchannel6971
    @hadassahjacksonchannel6971 Год назад +2

    Asset protection for our kids

    • @PeterRaiblais
      @PeterRaiblais 3 месяца назад

      Until an inheritance thief steals it with the Estate Plan Trust National Institute of Certified Estate Planners ethically says failed.

  • @wompol7117
    @wompol7117 9 месяцев назад +1

    can we put insurance policies in the trust and not have to pay taxes on that?

    • @LJ-pg4pf
      @LJ-pg4pf 3 месяца назад

      I think the trust is the insurance policy. 🤔

  • @DougallMcCorkle
    @DougallMcCorkle Год назад +1

    Is an installment sale trust a viable strategy?

  • @lordsonic4567
    @lordsonic4567 2 года назад +2

    Very commplicated. Great video Toby. I have the Anderson Structure and Trusts are next so all your information is preperaing me to pull the trigger.

    • @TobyMathis
      @TobyMathis  2 года назад

      Glad it was helpful! Let us know if you need help with anything!

  • @nightdipper5178
    @nightdipper5178 2 года назад +1

    Excellent content. Great guest. Thanks.

    • @TobyMathis
      @TobyMathis  Год назад

      Our pleasure! Thank you for watching!

  • @dcmiracles17
    @dcmiracles17 2 года назад +2

    Toby: this is great interview providing info most people are not aware of, who should we refer to ie what is the person’s name? He appear to be a specialist on this topic, hard to know who knows this info. Thanks for the education!

  • @OPERATIONSMGR-b9i
    @OPERATIONSMGR-b9i 9 месяцев назад

    Any feedback on these Non-Grantor, Irrevocable, Complex, Discretionary, Spendthrift Trusts that are marketed to remove certain trust income from current taxation?

    • @TobyMathis
      @TobyMathis  9 месяцев назад +1

      These types of trusts can be complex, and it's crucial to understand their implications fully. We offer free strategy sessions where we can discuss your specific situation in detail and provide personalized guidance on whether such trusts align with your goals and financial strategy. Sign up here: aba.link/3892cb

  • @sophiesmith5922
    @sophiesmith5922 Год назад +1

    So basically, are you saying, if the trust holds your assests/savings, it is assumed you already paid tax on your income before you put it in the trust? (obviously not in the case of rentals or business or dividends from stock, but just what you put in)

    • @KarenNimroozi
      @KarenNimroozi Год назад

      How do I protect myself/assets on a free & clear rental property in Anaheim CA. Should I put in a separate property trust I purchased prior long before marriage. Should I open up a trust checking/savings account?

    • @KarenNimroozi
      @KarenNimroozi Год назад

      Where would I I find any/all paid tax prior to or after my rental property was paid off.

  • @marshacooper9088
    @marshacooper9088 10 месяцев назад

    If I live in a state like Ohio can I set up living trust in no income taxed state? Thank you

  • @tom-c1j2p
    @tom-c1j2p 2 месяца назад

    just helping but booze leads to liver disease Mr Toby, silent killer, appreciate your knowledge and videos

  • @sleepystar887
    @sleepystar887 8 часов назад

    Urgent: .. ,
    Provide the constitutional link that says a US citizen MUST pay taxes given we are each business entities from birth and our "government" is in fact the US Corporation
    1. Tell the fastest way a public revocable successor trustee may change their trust into a private common law trust.

  • @darrishawks6033
    @darrishawks6033 Год назад

    This is a terrific discussion

    • @TobyMathis
      @TobyMathis  Год назад

      I'm glad you enjoyed the discussion.

  • @sophiesmith5922
    @sophiesmith5922 Год назад +3

    The difference between a trust and a will? Where there is a will, there's a delay. (corny pun, but true.) Its not a happy meal vs a burger, its a gift card vs a meal.

  • @nickscarter9609
    @nickscarter9609 Месяц назад

    IVE Never SEEN so many phone scams !

  • @silver6054
    @silver6054 Год назад

    Where do QDOT comes in?

  • @JasonBobby-xj1lk
    @JasonBobby-xj1lk Год назад +1

    non grantor irrevocable complex discretionary spendthrift trust

    • @TobyMathis
      @TobyMathis  Год назад +1

      sorry - extraordinary dividends are only allowed for simple trusts. You just made my point. § 1.643(a)-4

    • @wompol7117
      @wompol7117 Год назад

      so is there ANY vehicle for tax free growth?

  • @NormanGrant4Jesus
    @NormanGrant4Jesus Год назад +1

    Can you share some knowledge on foreign express trust?

    • @TobyMathis
      @TobyMathis  Год назад

      Hi Norman, thank you so much for your question! We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby

    • @RashedBey
      @RashedBey Год назад

      Definitely want insight on that indeed Private express trust!!

  • @anderiahutchinson6456
    @anderiahutchinson6456 2 года назад

    Hi I been having iusse with muse trust doucment in as well

    • @TobyMathis
      @TobyMathis  2 года назад

      Hi Anderia, thank you for leaving your comment. You can request a free 45-minute consultation to discuss our proven asset protection and tax strategies and how they apply to your unique situation. You can click this link to get set up! ------> aba.link/tobyss

  • @LynFord-kr7of
    @LynFord-kr7of 8 месяцев назад

    Can you talk about a business also having part of your building is your home. Now if you sell is the home in the $25000.00 rule.

    • @TobyMathis
      @TobyMathis  8 месяцев назад

      Thanks for the suggestion! I appreciate your input and will look into discussing this in an upcoming video.

  • @wompol7117
    @wompol7117 9 месяцев назад

    wait! so MJK is wrong about having trust own llcs not helpful?

    • @PeterRaiblais
      @PeterRaiblais 3 месяца назад

      No MJK is right in a few months NICER approved Forgery Proof Legalese Administration Lawyers will use one Latin Law Permission Ledger Arbiter Interdiction Trust to fund, record, monitor, validate, and certify all your property in a 33-year reformed Financial Elder Abuse Defense Administration Network. Protecting vulnerable grantors and grantees and defending your Special Needs Trust to LLC'S.

  • @fineartonfire_5327
    @fineartonfire_5327 10 месяцев назад +1

    It sounds to me like they tax “income” so instead of trying to hide income. How about don’t have “income”???
    “Income” is a legal word with a specific legal definition.

    • @spencerhansen8374
      @spencerhansen8374 8 месяцев назад +1

      Taxpayer is also specific, don't be a taxpayer. Legal non-taxpayer is also a thing. Foreign grantor trust also gets an IRS 98 ein that is non taxable. Don't set up your trust in corporate jurisdiction.

  • @sophiesmith5922
    @sophiesmith5922 Год назад +3

    Power of Attorney expires at death, so if there is a lot of money being left, it STILL goes through probate, and you can no longer TOUCH it!

    • @spencerhansen8374
      @spencerhansen8374 8 месяцев назад +1

      Power of attorney is for incapacitation, not death. Trust probate is way smoother than Will probate. And it can all be touched by the trustee(s), with minimal interference.

  • @myobmyob2215
    @myobmyob2215 2 года назад +2

    The problem with trusts is there multiple pieces of paper that are "lost" "changed" "items removed/added" without any legal oversight

    • @sophiesmith5922
      @sophiesmith5922 Год назад +3

      Actually there has to be some trail to get the asset INTO the trust. Otherwise it isnt. And if YOU are the trustee and main beneficiary, you have control over what is in it and who gets it, just like your will. If its NOT your personal wealth, its your rich uncle, you dont have a say anyway. You want "legal" oversight to broadcast to the world all your assets? No. Are you trying to control someone else's choices about what goes in? You cant.

  • @JasonBobby-xj1lk
    @JasonBobby-xj1lk Год назад

    To the point about fraud you can say that about anything and it would have to be proven it’s fraud.
    Additionally the distribution from the trust is from passive income and a extraordinary dividend declaration and that is how it side steps a taxable event.

    • @TobyMathis
      @TobyMathis  Год назад +2

      Sorry - give me a cite. I can give you one 26 USC 643 - whomever is selling you the extraordinary dividend garbage is gonna get people in a lot of hot water.

    • @PeterRaiblais
      @PeterRaiblais 3 месяца назад

      NICER prevents fraud with Latin Law Permission Ledger arbiter interdiction Trust 33-year reformed financial elder abuse defense administration Network with a forgery proof inheritance and legacy wealth transfer distribution and settled administration with yearly checkups and a Hollywood style Pro Bono Trust Reading.

  • @jimmywatermelon357
    @jimmywatermelon357 Год назад

    Do you guys do reviews of proposed estate plans? Just so we don’t get scammed

    • @TobyMathis
      @TobyMathis  Год назад

      We can certainly do our best to help you. Here is the link to schedule a free strategy session, aba.link/tobyss. Or you may call to speak with an advisor at our toll-free line, 800-706-4741.

  • @JasonBobby-xj1lk
    @JasonBobby-xj1lk Год назад +1

    There is case law on this.
    “Eliot v. Freeman”

    • @TobyMathis
      @TobyMathis  Год назад +1

      It has nothing to do with the subject matter discussed.

    • @mastersbusinessalliancetrust
      @mastersbusinessalliancetrust 11 месяцев назад

      It’s absolutely applicable. If you have a trust that’s not under legislative control that is very relevant.

  • @derekmillhouse2453
    @derekmillhouse2453 3 месяца назад

    Non statutory Trust

  • @richbrott
    @richbrott Год назад

    How do I get started?

    • @PeterRaiblais
      @PeterRaiblais 3 месяца назад

      Hire a NICER approved Forgery Proof Administration Lawyer in a few months to replace the 5-step estate plan with about 100 step complete administration to avoid the estate plan mistakes that cost our family 50% in Trust Billable Litigation Hours, and the estate planner who promised peace of mind refused to help.

  • @hadassahjacksonchannel6971
    @hadassahjacksonchannel6971 Год назад

    Revocable trust

    • @PeterRaiblais
      @PeterRaiblais 3 месяца назад

      No NICER Forgery Proof Arbiter Interdiction Trust.

  • @misterdouchemz6217
    @misterdouchemz6217 7 месяцев назад

    Stop using words that fall under their jurisdiction. It's as simple as that. Multiple words to use that don't fall under their jurisdiction.

    • @user-fp8xc8lf3f
      @user-fp8xc8lf3f 6 месяцев назад +1

      Yeah you’re definitely a lawyer youre a genius

    • @VictimizedSenior-x8f
      @VictimizedSenior-x8f 2 месяца назад

      And get the 33-year reformed NICER Forgery Proof Interdiction Living Trust, Permission Ledger Power of Attorney, and Schedule A counterfeit free LLC.

  • @misterdouchemz6217
    @misterdouchemz6217 7 месяцев назад

    Foreign private trust. Keep the trust out of their jurisdiction

    • @VictimizedSenior-x8f
      @VictimizedSenior-x8f 2 месяца назад

      NICER Permission Ledger Interdiction Living Trust is forgery proof with a schedule A counterfeit free LLC.

  • @RisingAloha
    @RisingAloha Год назад

    Foundations are good for gifts? Like cars especially among the wealthy? You need multiple tax-structured businesses, trusts, foundations, etc to not pay taxes not paying taxes to me is about writeoffs. Unless someone is a super genius, consult a tax accountant. I am going hack to school to he a tax consultant emphasis on aboriginal and indigenous rights grandfathering rights and old historical rights suoerceding deeds and claims or perhaps subceding. I would like to get the only degree higher than a doctorate. All roads lead to roam. I mean rome or ROME. Thank you!

  • @golfprogress
    @golfprogress Год назад

    Awesome interview!

  • @LAKitchen
    @LAKitchen Год назад

    Can't you just replace the trustee? they don't have that kind of power

  • @misterdouchemz6217
    @misterdouchemz6217 7 месяцев назад

    So don't call it income. Period

  • @cindybrady5585
    @cindybrady5585 9 месяцев назад

    If you're married can you just make one trusts because you only have one child

    • @TobyMathis
      @TobyMathis  9 месяцев назад

      Great question, in order to assist you further, I highly recommend you request a free 45-minute consultation to discuss our proven asset protection and tax strategies and how they apply to your unique situation. aba.link/3892cb

    • @VictimizedSenior-x8f
      @VictimizedSenior-x8f 2 месяца назад

      YES, even if you have 10 kids.

    • @VictimizedSenior-x8f
      @VictimizedSenior-x8f 2 месяца назад

      @@TobyMathis We tried the free consultation that ended up costing our family a million dollars in Trust Probate when the estate planner used the Trust NICEP bravely caveated fails, from now on we hire Inheritance Administrators instead of Estate Planners.

  • @sparxz2145
    @sparxz2145 Месяц назад +1

    Is income tax lawful, upon someone who is living ? I thought Income tax as only liable upon corporations ? So many IRS whistle-blowers have put themselves ion the line to tell the truth.
    Is Toby's position linked to his background on those particular black and white tiles, found in lodges ? LOL

  • @LAKitchen
    @LAKitchen Год назад +1

    This missed the real benefits and skipped alllll the real benefits

  • @darinnix1913
    @darinnix1913 Год назад

    Who has first-hand knowledge here that isn't a corporation with a ein? Last time i checked we the people not persons have the unlimited ability to contract and the right to privacy one could accept the oaths and do a administrative process for taxing a (wo)man if they dont have a ssn aka sin number they also must not have a fictitious address because we know the law of minimum contacts aka court test is real only a living soul can make a true claim 😂😂😂

  • @familylove5412
    @familylove5412 Месяц назад

    WOWWWW

  • @hadassahjacksonchannel6971
    @hadassahjacksonchannel6971 Год назад

    Grantor trust

  • @holyfamily8635
    @holyfamily8635 Год назад

    Can you give me a referral here in southern California on tax real estate and living trust
    Thank you
    Dee

    • @TobyMathis
      @TobyMathis  Год назад

      Hello, we have five physical offices located in Nevada, Wyoming, and Washington and we operate virtually in all 50 states. andersonadvisors.com/locations/
      Here is the link to schedule a free strategy session, aba.link/tobyss. Or you may call to speak with an advisor at our toll-free line, 800-706-4741.

  • @nathaliearocho2102
    @nathaliearocho2102 2 месяца назад

    All BS read the uniform trust code get your answers in the black and white

    • @VictimizedSenior-x8f
      @VictimizedSenior-x8f 2 месяца назад

      Beneficiary Services and NICER forgery proof interdiction living trust, permission ledger power of attorney, and Schedule A counterfeit free LLC.

  • @jayvincent8860
    @jayvincent8860 2 года назад +3

    Can you comment on Business Trusts according to James Billings? Legit?

  • @xxmaddog_madaraxx
    @xxmaddog_madaraxx 2 года назад

    🥷🏾🥷🏾