Why The Rich Put EVERYTHING In Their Living Trust
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- Опубликовано: 29 сен 2024
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Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to over $750k.
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.
Rebecca Nassar Dunne is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip.
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $21k ROI, and this does not include capital gain.
Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Be careful who you get as a trustee. My parents got a family friend from church who is a lawyer (and supposedly a righteous man) to do their trust. I was the trustee at first, but I found out later that this got changed to the lawyer. The document had my father’s signature which looked like chicken scratch and meandered down the page before falling off. He was in no condition to sign. Looking back, my mother had onset of dementia by then, but there was her signature as well. The effect? As trustee, he charged between $4000-5000 per month to write 4-5 checks “managing” their estate. He sold their house, and I’m still not sure where all that money went. And so for what’s left, it would cost more in lawyer fees to go after him than worth it. And this was just one of more than 20 clients he had on the books every month. How can he answer to God that he was fair in his business dealings?
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.
To add a bit to my original take:
There are, without doubt, thousands of charlatans who publicly espouse Christianity because it gives them credibility with people that they view as gullible, easily manipulated, and an easy source of profit. To their credit, they will likely continue to profess their beliefs even when caught blatantly violating them. One has to maintain the proper appearance in order to continue the con.
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.
Kind of like the Joel Osteens of the world.
Sounded more like a sales pitch than it was really useful to us. I’d have preferred more ideas and less, “general”, options that, “are possible”. I would’ve preferred to hear solid recommendations or common recommendations that come about when looking into each of the provisions you talked about. I think smart, core, ideas about best tactics would’ve been more useful. Everyone already knows the stuff you guys said. It was just more generalizations. Tactics and how it actually works would’ve been more useful. Like why or how does it keep the state and fed from taking things from you? Cause the bottom line is, and we’re all seeing this as Americans, legal documents, like the constitution for example, aren’t even protected. We live in a banana republic with criminal activist judges and their criminal public employee minions making it all up as they go.
Also the failed attempts at comedy, & the girly inappropriate laughter was not only distracting, but annoying.
A sales pitch with repeated generalities...
Put real estate in a trust. Use Transfer on Death or Pay on Death accounts at brokerages and banks. Use beneficiaries on IRA’s and 401k accounts. If your family situation includes divorce, step children, or other complex family situations then everything needs to be in a trust.
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.
@@crazycdn8327won’t the corporate transparency act remove any anonymity?
Do you have any idea how much I will need to pay? approximately to an attorney to put a small house on a trust?
You really need to look at your local state if it works for you and your property. Like here in Florida, yea it may avoid probate if it's fully funded, but you can loose your homestead exemption and now you can loose your home to creditors if you have a judgement against them. In Florida it's much better to do a "warranty deed" or list your children under "Joint Tenancy With Right to Survivorship". A will was perfectly fine for me, but I did have to go through probate (Summary of Administration) in Florida, but I had no issues with any other assets and I got to keep my Fathers homestead after he passed, a trust can't do that. Talk to a local attorney in your area, every state is different!
I love the simple summary on this one 9:30 with the easy approach to estate planning if you don't have a plan the state has a plan for you and nobody wants that plan lol
My dad recently passed away and had a trust but also had a few things not in the trust. The trust defiantly makes things easier than probate for anyone one the fence.
What sort of trust did he set up if you don't mind sharing?
@@sw_t7383 his was irrevocable but per my understanding revocable would have worked the same.
Some things do not belong in the Trust, like IRAs and 401Ks.
I have been recommending and promoting trusts (personal / business) in lieu of prenups for decades.
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.
11:16
Wow, “if you get sober, you unlock this million-dollar inheritance” is great motivation and a chance for a parent to help their troubled kid from beyond the grave
Just make sure that the person you intend to be the beneficially is the trust manager otherwise, the lawyer will find a way to help themselves with your hard earned lifetime resources.
My grandmother had a trust. My aunt almost self appointed herself the trustee. She was in a position of power. You can call it elder abuse. When my grandmother was 96, my aunt had her sign over her Florida property to her in front of a notary. This was against my grandmothers wishes. My grandma, who had slight dementia toward the end, was a little paranoid that people wanted her money. When my grandmother died, my aunt took the property, immediately sold it. The trust didn't help anything. We could have sued but didn't.
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.
♥...I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Natalie Rose Strayer.
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.
This was very well done and informative. Going through estate planning myself, I looked into another estate planning lawyer and his group on RUclips. Found out his group wanted $5k for living trust + required $70 per month for their “deluxe” plan for free legal advice you won’t need. Sorry that’s what I call fleecing a client without actually helping the client. Found a local lawyer who’d do my living trust plus couple of LLC for a little over $3k. The other would have charged me $10k for living trust and couple of LLCs. It’s a lot of legal jargon you have to familiarize yourself with, but it’s not rocket science. Don’t get taken advantage of setting up your estate plan by these not so ethical lawyers on RUclips.
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.
Are you referring to the lawyers the Mark is referring people to or a lawyer you found on your own that was fleecing you?(or tried to fleece you)
This is just trying to get business lol
*Irrevocable* Initial Trustee can live within the TRUST. Own the vehicle as a Copyright; therefore, no need for an attorney.
This is so convincing that I wanna make a trust at 26 (time of writing) even though I got no kids nor family yet
i just need somebody to pick up my tent off main st. !!!
Two minutes in and this has the feel of one of those extended infomercials.
welcome to small business youtube channels. duh
My wife and I are a bit nomadic in retirement, we’ve got a trust in our state of residence but do not plan to live here the rest of our lives. Do we need to move the trust to every state we move to in the US? What happens if we move abroad?
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.
Who usually ends up as a trustee? Is it a family member or a lawyer. Do they charge to administer this and what are the fees like ?
This video was very helpful. I had a revocable living trust drawn up after my father left me a house and some money. I was told I should get one, but no one (friends, family, etc.) really gave me a good explanation as to why I needed to get one. So I hired a large well-known law firm in a major city. I thought they would explain it all to me because my knowledge was really zero. I walked out after several visits with them still not really understanding why it was important. I was clueless. I am divorced with no kids, and now I am retired. I just accepted that I did what was necessary and after I'm dead it will all fall out the way it is going to. Basically everything is going to a world charity. The Trust is pretty simple. I have a fiduciary who will step in should I become incapacitated or die. I also asked them to be the executor. But what I learned from you is how the Trust is not recorded anywhere (I wondered about that), though my bank and investment people have noted that I have a Trust. My Trustee has retired, so it looks like I need to get that changed in the Trust. One question I have before I do that is "Should I not have my fiduciary also be the executor? Should I get someone else to do it like maybe an attorney?" Not put all my eggs into one basket.
Leave it all to me... You can transfer most of it now... You can trust me more then any of these lawyers 😊 😊
No, don’t make your trust lawyer also the trustee of your trust. My aunt was alone when she died. She appointed her trust lawyer as her sole trustee, and that lawyer stole money from her trust, just because he could. There was no additional trustee to monitor his actions. I only found out about that because of a special issue that involved me.
all the information is online. How can you not know what a trust is before going to throw money at attorneys? Read
@@igoodkid334 Well aren't you special? I don't know about you, but i have a lot of knowledge, but I don't know everything. And I'm wise enough to know it. You just sound like a punk kid/adult who thinks he knows a lot and knows nothing. At least I have the wisdom to know the difference. Good luck to you.
@@9liveslisa everything is going to a world charity? Oh my... You can't find a few people struggling in this country who would benefit from a little windfall. Sad. Leaving your money to people that are greedy vultures. Seriously isn't there people along your life time that you liked and treated you well ? Or are you just too lazy to write a list find their information and leave them all something instead.
They never say where to get the "Estate" in the first place to leave to someone! Why is that? Just like financial planners, they never say where to get the money in the first place to invest! Crazy! Thanks!
Pay nobody to “manage it”
This is true, 1000%!
Go to Law Depot and pay $35.00 fill in the blanks and you will have an efficient legal trust in place.
Can I really do it my self? I have a small house that I want to leave to my daughter's.
A wise individual understands that accumulating wealth necessitates prudent investments and informed guidance in the financial market, particularly during a stock market crash. While the stock market presents opportunities for maximizing profits, successfully navigating it requires skill and expertise.
It's crucial to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.
Having an investment advisor is the best way to go about the stock market right now. I used to depend on RUclips videos but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
also TAXES is NOT a definite in life . ONLY death, YOU live on our tax needs so you are a little partial to like taxes LOL. but it is NOT a definite.And , of course , a revokable ,living trust is also a good income for you , at about 8 to 10K to set up is also out of most people's reach. Wedding dress , Piano , WTH? who cares about those things after you are dead the kids will just give it to goodwil. LOL. let the house go in foreclosure , and the kids ask for the difference back after settlement . the rest will be under the kids name in secret storage , LOL. matt is constantly moving his mic. don,t , it makes you come across un comfortable , ( which i would be too if i tried t sell such an ongoing expensive legal document that others can and WILL fight in court.
You can’t be serious. You said you did not do your own trust? then why would i trust you to do mine?
Interesting topic of the Trusts and Estates. Please make a Video which compares Trust Fund Taxes with Individual Taxes and at least explain at which level of assets it is financially beneficial to set up the Trust Fund (and describe the differences for each type of Trust and reasons to set it up and what goals does each type of Trust helps achieving). Please also outline which typical assets should be going into which types of Trusts and which assets should never be put in the Trust from a Tax Perspective. Thank you in advance.
Anna this information would help me to understand
I didn’t buy life insurance because I know I am going to die, I bought it because I don’t know when. You only need life insurance if you have people that rely on your income; that’s it.
Oh and $2k is not 1/100 of the cost of life insurance (at least in my case). $2k would cover 5 yrs of premium payments for me and considering most people only need up to 30 years of life insurance, you are looking at at least 1/10 the cost of life insurance, a far cry from 1/100.
Having worked at a bank and dealt with trusts at a very basic level i can honestly say they are a nightmare because everything is dictated by the trust so if its not specific and well done then it makes getting everything in order an absolute nightmare.
Better hurry up and give the money Away!
It's becoming worthless.
What if you leave everything to one person, is a will enough, do you still need to go through probate/to court if there aren't multiple people to fight over? Thanks
This wasn't useful at all. Rather more of a confusing sale pitch. Just waste of my time.
I have worked with these guys to set up my trust. Straight forward, easy to understand, and my attorney and I had good communication throughout. 👍
I often wonder how top level investors are able to become millionaires off investing. I have about $700k to start up but I have no idea what strategies and direction I need to approach to help me make decent returns
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.
how much does it cost for having a living trust and what are the recurring costs
Only tell your friends about it, guys like these that offer you an “in” are not your friends and there isn’t even any point in asking “what do they get out of it”
Be careful to ensure the lawyer does not construct the plan that requires you to keep going back to maintain the plan and they’ll want $1000 per repeat visit. Even names that need to remove revocable from them… Just value bulling and siphoning off your money!
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.
That was very long for tiny amount of content
😂😂 I don't need a trust cant trust anyone..
I trust only God but in filthy earth devils can take my kids to court.
$2000 is not affordable for someone on Social Security Income.
When SSI is involved, the recipient is not allowed to save more than $2000.
That greatly limits what one can save money for.
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?
Enjoyed the video. Thanks for sharing
Everything? Probably not because of judicial activism. Shit, if the King of England was on a state visit to the United States and died, I'm sure you could find at least one judge that would sign an order putting England into that state's probate. Durable legal structures that transcend the turbidity of present world affairs is key to not being the snake eating its own tail. For the common man, that would be an irrevocable trust with the ability to load balance funds across jurisdictions.
Yeah, certain things that I don't want in my will/trust, I put into a letter of instruction.
Nolo Press has a great boilerplate Living revocable living trust that walks you through all the decision points/fill-in-blanks. It’s the way to go for fairly simple estate planning
Seriously helpful. Seriously mportant. Seriously paying attention to their details. But mixing it too much comedy loses my concentration to pay attention. :(
You mentioned it would be a good idea To have a will, in addition to a trust, but you didn’t say why. Why would I need a will in addition to a trust?
Thank you both for your insights into this aspect of life. Critical stuff for sure.
Attorneys use boiler plate, fill-in-the-blank forms. It’s no big deal.
Your guest said "We want to make this affordable to everyone", I doubt he meant it. I am a disabled vet on a fixed income there is no way I can pay a lawyer 2 grand, I dont have a $100 in the bank. but I do own a house, a car... I need to do this to save my wife and son trouble down the road... PLEASE help.
How much does it cost for a lawyer to MAINTAIN the living trust per year that cost you $1,595.00 to set-up?
Yessss 100%! Love this video.❤🎉
There isn’t anything about a trust that makes it less likely to be the subject of family disputes
A “will” won’t cut it. Just about everyone should have a trust.
trust has a will -- you have to get a trust and will
Can a wife contest the terms of the trust?
What do you think about these dudes marketing "estate plans" who have no law license? Seems like a bad idea from the git go!
Happy birthday to you
Happy birthday to you
Happy birthday to grandpaaaaaaaa
Please siiiiiiiiign this document.
Can a nonresident alien do a living trust for his shares in the US (and file it with the broker)and assign a trustee
$2k for a single person and 1 heir?
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
The cost of the trust is expensive for people that are not rich.
Why don’t you answer any of these important questions in the comments?
NFA trust has entered the chat.
Thank you for providing a simple practical solution.
Thank You For This Information 💚💚💚💚🦅🦅🦅🦅
Thank you, Gentlemen! Much appreciated!
What do you mean trust must be funded?
My sister stole everything from my mother's estate. Not much was left on my doorstep.
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🙄
Can't people do the trust on their own?
Is my Living trust is changeable within my life span?
Who is the best person to make trustee?
As Jack Nicholson said in Joker movie, haba haba haba whom you trust!
I cant afford 3k is there a diy way
My aunt and uncle had a very expensive trust set up, in the end it did nothing to help them………….
If they are not financially educated and disciplined money can hurt them. But in my case the surviving spouse (grandma) is 78, has no financial experience, trusts complete strangers implicitly, and may be experiencing age related dementia. After my father died in an accident , an attorney and business owner, significant assets passed to her and my two kids. She has a living trust. Be aware there are some legal "loopholes" to pass assets to children without any tax or restrictions. Lawyers generally will not advise you to do it because they might be viewed as unethical, and it doesn't make them money by selling trusts but it can be done.
Can a nursing home go after a personal brokerage account, 401K, and life insurance? Can they be protected if they're to be left to a Trust?
While you try to figure this out now, Islam has figured this out thousands of years ago just like many more things in life right now and we still get surprised about this. Why dont you read a little bit about will and wealth distribution in Islam?
The Living Trust is not protected against LTC & Medicaid, though, if LTC comes with 5 years of establishing the Trust. Beyond 5 years, they can't touch it.
Great information, as always!!
Hi guys, great learning session and new subscriber! I’ve been trying to get a basic understanding of how a living trust works for months. You both nailed it!
Trusts are the WORST plan. Our relatives were convinced that it was the thing to do to keep their adult children and grandchildren out of probate. Instead, they discovered that the corporate trustee (a bank) had lied about paying bills that had not been paid. The bank trust officer also claimed to have handed everything over to a CPA for income tax filing. But 2 months later, just 3 days before the filing deadline, they discovered that nothing was filed or even prepared.
So they hired a lawyer to remove the trustee. They thought it was done and then they got a petition in the mail claiming that they were both physically and mentally incompetent. Even though there was no evidence of their incompetence, the trustee dragged them through probate court for 3 years and cost them $120,000 in legal fees.
They should hire a bee keeper too handle those that used them🤔🤨😠😎👍
@@Justaguywithtruthindeed! Jason Statham comes to mind
Oh my! Thanks for sharing
a RLT is only Revocable while you're alive. when you die, it automatically becomes Irrevocable.
Sweaty guys like these are exactly the people you want to avoid
How can I get a list of credit protection strategies discussed at 00:14:30 of the video? I'm in the process of refining my estate plan and I am considering Main Street to help.
Understand the system and file everything yourself
Too much extraneous chitchat.
DOES THE TRUST PAY TAXES AND IF SO WHEN? WHAT IS THE ROLE OF THE TRUSTEE/ DIRECTOR OF THE TRUST
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.
THANKS 🙏 $$$ 🙏 THANKS
With a trust, do you need a “power of attorney” or a “living will”? 😊
In Hawaii, should an attorney that does estate planning better to use or you?
Yes
Great informative information and video. Do you guys handle international clients etc. ?
Hey Mark. Not nitpicking here but you inadvertently insulted Mat by referring to him as "infamous." Many people incorrectly think it means "very famous." Actually, it means having a reputation of the worst kind: notoriously evil (think Adolf Hitler).
It wasn’t a mistake - it was a joke, and a common one.
Is it true that the amount that can be used as a write-off from a CRT donation is limited to 60% of our previous year’s AGI?
Maybe pay for professional advice instead of asking strangers on YT?
@@crazycdn8327 he is.
Great advice. Thanks.
Brain on Brain!
Do you service Canadians? Referral Victoria, BC.
P.S. Your video editor is amazing. Incredible quality work!
What is your living trust special?
I'm an xrp investor with over 120,000 tokens. I'm cash poor until the economy takes on the digital realm. When that happens, I'll be looking for help.
When that happens, we’ll All be looking for help.
Not in a good way. 👀
Where your stuff is gonna go... what stuff ?
Wake up America
Question: Do you suggest putting personal vehicles in the trust. I have heard it both ways and the main reason, given, for not putting vehicles in the trust is should you have an accident it opens the whole trust if an injured party decides to sue. If the vehicle is owned personally then the trust, supposedly, is safe from any lawsuit.
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.
How to execute trust that is already drafted?
Are trusts only available in the US?