Usually, I never comment on videos, but your video is so convincing that I become unable to stop myself from doing something about it. You’re doing a great job Man, Keep it up.
Don’t forget the Trust is just the first step in a complete inheritance administration to avoid the estate plan that cost my family a million dollars, when the estate planner who promised peace of mind ran from the plan.
Thank you Nicole; the inclusion of the slides with the pertinent text concurrently visible in the background as you spoke, made this video much easier to consult than other productions on RUclips.
You are a brilliant communicator! I learned more in this brief video than I did pulling an all nighter last night researching different sites online last night....Thank you.
Excellent video, very informative. I am a trust and estate practitioner in England and I’m going to use this simplified information to help my clients understand how trusts work. Thank you!
You're welcome! It's amazing how few attorneys really even understand these basics. Glad to know it helped your understanding for the bar exam - AND GOOD LUCK!!!! You'll do great.
I took notes, thank you for clarity on the basics of Trusts! No probate! I now can explain exactly what I want my rule book to say with the help of my lawyer. I am loving the idea of TRUST automatically shifting control for me and my spouse if we get sick or upon death. God bless you!
I am a 51 year old retired veteran who is now a 2L in law school. I am currently taking my T&E class, and this was very helpful. You really break it down in easy to understand terms and with good explanations. Thank you for making this.
That's great to hear! I know I would have appreciated this simpler approach when I was in law school. Just remember: this is for "real life" - not exam purposes, LOL
@@FamilyAgingLawCenter Lol - an excellent and relevant point (real life v. exams). I plan (and pretty much have a job waiting for me) to work in the DA's office in Alaska (where I was stationed and still have a house) - and I mention that because this isn't going to be my "field of expertise" - but, that said, having an experienced and articulate attorney break it down so that even a layperson (or, worse, a law student, lol) can understand, was very helpful. I wish you the best in your practice and look forward to seeing more of your videos to help me better understand this important aspect of the law. Thanks for your reply and your kind wishes.
@@FamilyAgingLawCenter To add: I retired from the military and gave great thought to what I wanted to do. For brevity I'll keep this short: 1) I wanted a job that elevated my life. 2) I wanted a job that would help financially secure my future. 3) I wanted a job that when I came home at night if I told my wife what I had done that day that she would look at me with pride and think "this is the man I married" I then picked "Working the DA's office" - and we plan to return to Alaska (our home) and that will be my second career until I finally "really retire." I thank you for your kind words, and as my 2L year closes I now know "I'm going to make it" - and, yes, I am also very hopeful as to my future and glad I have made this journey. Thanks again for making this video - and I'll keep an eye out for more that might fill my brain with useful knowledge. Be well.
Well I arrived at this video by accident as I was investigating financial investment trusts but I've learned about another type of trust that I've been pondering for a while as I need to put something tangible in place before its too late, even just a simple will. I was unfortunately mesmerized throughout by the beautiful styling of this ladies hair, pure class. Hopefully I'll not be sued for saying that as I'll have no assets to put in my trust if that happens 😢
Thank you so much for explaining this in such an easy way. This really helped me because I'm interested in going to law school to become a lawyer who specializes in trusts!
This is excellent. I'm not even all the way through and I'm so glad I found and am watching it. You break things down in an easily digestible way. I'm a lawyer, but not an estate lawyer, and I wish all lawyers were capable of this kind of presentation.
This lovely lady explained this SO concise and simply I could cry. I took a wills and trusts class and I had a basic understanding of it in general, and though I liked my teacher so much she convoluted things a bit for me. I dont think I fully understood the materials. This was explained so well that a ten year old would be able to understand it. THANK YOU so much.
Don’t forget to add the Legalese Administration Lawyers forgery proof NICER Permission Ledger Arbiter Interdiction Trust complete super complex administration. To avoid the plain English Estate Plan mistakes costing our parents estate 50% in Billable Litigation Hours.
Excellent presentation. Slow talker so can be followed. Talks for people not for herself. No waste of time on irrelevant materials. Well planned in advance . Teach a business law course in a college. Thank you.
She is LIEING To you Gloria, try to wake yourself up. Your so called estate has NEVER being recorded or registered on the land properly. YOU was Removed from owning anything from 1933 and all people born after 1933. This Lady is tell everyone LIES and the people watching this nonsense , has no clue that they are being LIED too. I hope you educate your self, so you don't fall victim of the FRAUD by deception this lady is committing against all the viewers that trust what she is saying?????? Their is a few more trusts but she will never tell you what they are??? including but not limited to, as their are many Trusts - #1. forms of Trust is a Business Trust. #2. forms of Trust is called a Constitutional Business Trust, The U.S. Constitution is a Business TRUST and all U.S citizens are Beneficiaries of said Constitutional Trust agreement. With in a Trust you have protected rights, per what is said in the Trust agreement. ALL Amendments are trust protected agreements, i.e. 1st Amendment to protect Free Speech etc.. 2nd Amendment , The protected right to defend yourself and family against Tyrannical Corporate government etc. 3rd Amendment Protect rights within said Trust agreement as written etc... 4th Amendment Protected trust agreement rights etc. etc. etc. etc. #3. form of Trust is called The Federal Reserve Trust agreement, and ALL U.S. Citizens are beneficiaries of said FEDERAL RESERVE Business Trust, because in 1933 the federal reserve made a deal with all future people, allowing ALL people born after 1933 to Offset - write off - Discharge ALL Public Debts including but not limited to all bank Loans, all bills, all mortgages, all public debt. The PUBLIC = Incorporated STATE, Incorporated Federal Government, incorporated CITY, incorporated SCHOOL DISTRICT, incorporate Territory etc. etc. etc. , as ALL Corporate citizens are OWNED by the federal reserve as per The Name from the Birth Certificate that is STOLEN Identity ( aka Borne Identity - simply Google search ' Are we owned by government ??? ' search result = Us citizens are owned by The United States Federal reserve, a note in the stock exchange, being traded as a commodity. THE BIRTH CERTIFICATE IS A Federal Reserve BANK NOTE, a debt collateral, held in a Constitutional Business trust , which ENSLAVES all U.S. Citizens as Corporate Debt Collateral ) 14th Amendment states - 1.1 Public Debt Clause. Fourteenth Amendment, Section 4: The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. SHALL NOT BE QUESTIONED??????? Why is that???? it is because , if the Federal Government answers to the question of WHO is Liable for the National Debt, The Federal corporate Government would have to admit to ENSLAVING ALL PEOPLES or Citizens of THIS LAND and world wide lands?? Slavery or Involuntary servitude was abolished in January 1st 1863 , Ratified on December 6th 1863??? Look it up. This guy takes a lot about TAXES??, but never tells you that TAXES are a VOLUNTARY PAYMENT PROGRAM. I challenge anyone to prove to yourself that YOU own any form of TAXES?? STATE ( = corporation ) Income taxes, Federal ( = Corporation ) incomes taxes, estate TAXES on personal property, etc. etc. any tax you can think of, prove to your self that you own Taxes of any kind? show yourself the so called Law?? When Corporations do NOT make laws, they create corporate Rules, Acts, regulations, statues that fall under Colorable Law = Colorable law is Corporate Rules and Regulations masquerading as LAW, in fact colorable law is not LAW. PEOPLE YOU CAN NOT CONTINUE GOING THROUGH LIFE , NOT UNDERSTANDING WHAT THE f IS GOING ON???????????? DO SOME RESEARCH ON THE TOPICS MENTIONED IN THIS COMMENT, for your OWN Benefit???? Enjoy your days being FREE if you even stand up to the Bullies in your lives ......... LOL?
Thank you very much your expertise in trust experiences and helping those not understanding will help my clients turn to ask and orientation in our workshop...
Thank you for this breakdown. The information provided in this simplified overview was helpful as I look at how to protect the family and the future of the family in my absence, hopefully down the road a loooong way.
Thank you! You just gave me more info than I got from my lawyer when I created an irrevocable trust. I need more info on funding it and I had no idea the trustee has to pay taxes on the trust.
Been there. It's a good thing. There is a lot they assume and don't tell you. Later can become quite complex and painful. A lot of 'if this happens....'. I'll still get one, just with a lot more details in it. A lot.
Thank you for the simplified explanation. The trustee we are dealing with did not do anything she was supposed to do and now we are close to having to go to chancery court.
I'm having difficulty concentrating on your message because the audio is over modulated and clipping. Couldn't get past 1:25. I hope you try again, your delivery has good energy. 👍
Thanks for the awesome, simplified overview. After watching numerous videos to acquire info, this one definitely clarified the most info. May I suggest for the future you identify jurisdiction and how broad your info applies geographically? States and countries vary widely I've now learned.
This information is generally applicable to how trusts work in the United States. That being said, I would never advise anyone to try to draft a trust themselves or to do it online without specific legal advice from someone qualified in their state.
In a case where a fraudulent Trust was created through Undue Influence & Lack of Capacity: Let's say the document is determined to be VOID by the court and the valid pre-existing Trust is accepted as the correct one. How do the beneficiaries then collect their rightful inheritance? Does the probate judge order the stolen assets to be returned and distributed according to the valid Trust document terms? How does that work? It gets extremely complicated when there's a 'bad Trustee' who is adversarial towards the beneficiaries and steals all the Trust assets.
If a person who has got a lot of Health Care Issues including a wheelchair user and is planning to buy a wheelchair van for the PA to drive, How do I go about getting it?
what if you already had a will made but now would prefer to to have a living trust. Can you have both? I prefer the house to not go through probate as my invalid sister is living there and would like her to remain as she is one of the 3 beneficiaries.
In almost all instances, even when you have a trust, you also have a will. However, it is usually a specific type of will called a "pour over will." This is something to discuss with your attorney!
I want to make a trust with a clause that it will change according to my will when I pass. The reason is I want to be the beneficiary whilst alive (property trust/holding trust) but upon my death, I would want to change it. So, do I go for the revokable trust then? For now?
So im in a situation here. My grandpa own half a house in Arizona and put the house in his trust to give to his family. Now he has passed and the other owners of the house claim they own 100% of the house now. Is that possible?
hello your video is very interesting and easy to understand the initial process of a trust. I have a couple question if you could clarify, my appreciation in advance. 1. I read that in a Irrevocable living trust changes are not allowed. Is that true? So, if I have a property in this kind of trust, I can not sell the property or make any change to it? what kind of restrictions are included in this kind of trust? 2. If husband and wife do a trust can they be the trustee of each other in a revocable or irrevocable living trust? Can one be the beneficiary of the other?
In some types of irrevocable trusts, you can make changes. This is a specialty area that attorneys like myself can help in. Spouses can be each other's beneficiaries, but it needs to be set up properly if you are trying to achieve asset protection.
Great Video! Thanks so much for sharing. I am planning to refocus my real estate sales business toward selling estates. I have found that the beneficiaries are the most appreciative of all my client types and I really enjoy helping them. I am offering three options: 1. Cash purchase 2. Realtor Services 3. Renovation Services to increase purchase price. What other services do you see that your clients would benefit from when inheriting real estate either through a trust or a will? Thanks so much! - Chris Black, Assoc. Broker (Serving DE-PA-MD)
Thanks for this info.....You state, A revocable living trust DOES not provide asset protection, & this is a problem for some, but I have no idea what you're talking about, w/ "asset protection".
Great video, very informative but the only thing that makes me nervous is not being able to manage my own assets and money that are in the trust? Is it true that someone else manages the accounts in an irrevocable trust?
SHE IS LIEING to you, it is sad to see that people commenting have NO CLUE , what they are listening to, and refuse to do their own research to verify that she or any so called Trust lawyer is telling you the truth, The Blind leading the Blind as they say.... ?? THEIR is NO estate Trust that protects one's estate because YOUR so called estate has NEVER been recorded or registered properly on the land. How can you verify this information shared, by looking at your Property tax bill and the Fictitious name on said property tax bill. #.1 pay attention to how many acres you pay tax on? Land is property, if you see ZERO acres of land that you are paying taxes on, that is a MASSIVE red flag? . #2. The name as written on your Property tax information is NOT YOU another MASSIVE RED FLAG. Your FULL LEGAL NAME includes in the following order... Your Given Name and your last name. Your given name is your first and middle name IS your given name, then your Last/fathers name. Does not matter if you are married or single. So for example, Your displayed name is Louisa Keddell, now if your name was written in all caps e.g. LOUISA KEDDELL - this all caps description is not you, it is a fictitious name created by someone else, and it is fraud against you. If you have a middle name? lets say your middle name is Clair?
Great video. I’m a soon to be attorney who is interested in doing this as part of his practice. Great simplified information. I’ve been getting really detailed info but it’s good to be reminded and reenforced with basics.
This was a great introductory video. I am 50 and really have to think about financial planning. So, is the first step creating a trust with an attorney? Then what? after that do you change your bank acct name to the trust name? Your house? Change your 401k?
me and my dad own a house 1/3 for him and 2/3 for me thats the partition on the dead or the tittle owner, he make an revocable living trust, he make my brother and sisters as his beneficiaries im not mention or included on his trust, now can i refinance the property for renovations?
If there are two people in a trust and they can not come to an agreement such as in selling or not selling a property, how is the decision made? Who can "break the tie"?
How can we tell if my mother had a trust? My brother is the executor of her estate and refuses to share any information or provide paperwork. Also, If my mother’s IRA and bank accounts only have my brother listed as the beneficiary does that mean he gets to keep the money or does it go to part of the estate I’m not sure and I am not sure how to find out.Thank you for your time
You need a lawyer now to write a letter to the jerk brother. You must see all the info. All that money goes to your brother, yes. But he is supposed to divide it with you.
Welcome to my world! My older sister works for an attorney and she had my parent’s Trust “updated” a few months before my Father passed away. She had my brother’s name removed from the Trust so he wouldn’t lose his inheritance to the bankruptcy case that he was currently involved in where he lived out of state. Her boss, the attorney had no idea that my Father no longer had the capacity to make sound decisions, since his office was 4hrs away. To make a long story short, she had control of everything, she laughed at my copy of his will stating it meant nothing! I did receive a few items, mostly things that no one else wanted. My three boys have been told by their Grandpa that they were going to receive certain things when he passes, they received junk no one else wanted. My siblings had been discussing things for months behind my back, unfortunately they are now dead to me. I work with several people who have went through the same exact thing. Same story with different people.
You might talk to an attorney. I went through probate today and they asked if there had been recent changes and if my dad was in sound mind when he set up the trust. I’m sorry that this has happened to you.
If a joint bank account (held by husband and wife) is placed into an individual's trust (say the husbands) can both husband and wife write checks, withdraw money, etc? Or to do the would the checking account have to be placed in a joint trust or and individual trust with husband and wife as co trustees?
With a properly drafted trust, you can place property in multiple states inside. There may be benefits from having separate trusts, but that is definitely all a conversation to have with a GOOD lawyer.
![Noob To Max With DRAGON REWORK In Blox Fruits [FULL MOVIE]](http://i.ytimg.com/vi/LnBMOinoOvA/mqdefault.jpg)
Keep more videos like this coming please. The more in depth and detailed they are the more helpful they are.
Usually, I never comment on videos, but your video is so convincing that I become unable to stop myself from doing something about it. You’re doing a great job Man, Keep it up.
THANK YOU!!! This is so helpful.
Best explanation I've heard thus far, thank you.
Don’t forget the Trust is just the first step in a complete inheritance administration to avoid the estate plan that cost my family a million dollars, when the estate planner who promised peace of mind ran from the plan.
I have watched numerous trust videos, and you video was the most concise, comprehensible, and enjoyable. Thank you so mcuh
Thank you Nicole; the inclusion of the slides with the pertinent text concurrently visible in the background as you spoke, made this video much easier to consult than other productions on RUclips.
You are a brilliant communicator! I learned more in this brief video than I did pulling an all nighter last night researching different sites online last night....Thank you.
That's awesome to hear! I try to make the complex easy to understand. Good to know it's working.
😂
Excellent video, very informative. I am a trust and estate practitioner in England and I’m going to use this simplified information to help my clients understand how trusts work. Thank you!
That's awesome!
Awesome tutoring. Tq.
This was such a great high level overview of the concept of a trust. Thank you for sharing.
Thank you so much! I'm sitting for the July 2019 bar exam and Barbri did a horrible job on their trusts section. This cleared up so much! Thumbs up!
You're welcome! It's amazing how few attorneys really even understand these basics. Glad to know it helped your understanding for the bar exam - AND GOOD LUCK!!!! You'll do great.
Did you pass?
Great information and you explained the process very well. Thank you. I look forward to watching more of your videos.
I took notes, thank you for clarity on the basics of Trusts! No probate! I now can explain exactly what I want my rule book to say with the help of my lawyer. I am loving the idea of TRUST automatically shifting control for me and my spouse if we get sick or upon death. God bless you!
Helpful and appreciated
I am a 51 year old retired veteran who is now a 2L in law school. I am currently taking my T&E class, and this was very helpful.
You really break it down in easy to understand terms and with good explanations.
Thank you for making this.
That's great to hear! I know I would have appreciated this simpler approach when I was in law school. Just remember: this is for "real life" - not exam purposes, LOL
@@FamilyAgingLawCenter
Lol - an excellent and relevant point (real life v. exams).
I plan (and pretty much have a job waiting for me) to work in the DA's office in Alaska (where I was stationed and still have a house) - and I mention that because this isn't going to be my "field of expertise" - but, that said, having an experienced and articulate attorney break it down so that even a layperson (or, worse, a law student, lol) can understand, was very helpful.
I wish you the best in your practice and look forward to seeing more of your videos to help me better understand this important aspect of the law.
Thanks for your reply and your kind wishes.
@@StevenMRA I was a prosector as my first job out of law school! Wishing you the best. It is great experience no matter what you eventually do.
@@FamilyAgingLawCenter
To add:
I retired from the military and gave great thought to what I wanted to do. For brevity I'll keep this short:
1) I wanted a job that elevated my life.
2) I wanted a job that would help financially secure my future.
3) I wanted a job that when I came home at night if I told my wife what I had done that day that she would look at me with pride and think "this is the man I married"
I then picked "Working the DA's office" - and we plan to return to Alaska (our home) and that will be my second career until I finally "really retire."
I thank you for your kind words, and as my 2L year closes I now know "I'm going to make it" - and, yes, I am also very hopeful as to my future and glad I have made this journey.
Thanks again for making this video - and I'll keep an eye out for more that might fill my brain with useful knowledge.
Be well.
Well I arrived at this video by accident as I was investigating financial investment trusts but I've learned about another type of trust that I've been pondering for a while as I need to put something tangible in place before its too late, even just a simple will. I was unfortunately mesmerized throughout by the beautiful styling of this ladies hair, pure class. Hopefully I'll not be sued for saying that as I'll have no assets to put in my trust if that happens 😢
Thank you so much for explaining this in such an easy way. This really helped me because I'm interested in going to law school to become a lawyer who specializes in trusts!
This is excellent. I'm not even all the way through and I'm so glad I found and am watching it. You break things down in an easily digestible way. I'm a lawyer, but not an estate lawyer, and I wish all lawyers were capable of this kind of presentation.
This lovely lady explained this SO concise and simply I could cry. I took a wills and trusts class and I had a basic understanding of it in general, and though I liked my teacher so much she convoluted things a bit for me. I dont think I fully understood the materials. This was explained so well that a ten year old would be able to understand it. THANK YOU so much.
Don’t forget to add the Legalese Administration Lawyers forgery proof NICER Permission Ledger Arbiter Interdiction Trust complete super complex administration. To avoid the plain English Estate Plan mistakes costing our parents estate 50% in Billable Litigation Hours.
Excellent presentation. Slow talker so can be followed. Talks for people not for herself. No waste of time on irrelevant materials. Well planned in advance . Teach a business law course in a college. Thank you.
Thank you so much for this! I really like how you went over everything that's not protected with beneficiary designations
Love the way you stress how IMPORTANT it is to do these trust details. Thank you
She is LIEING To you Gloria, try to wake yourself up. Your so called estate has NEVER being recorded or registered on the land properly. YOU was Removed from owning anything from 1933 and all people born after 1933. This Lady is tell everyone LIES and the people watching this nonsense , has no clue that they are being LIED too. I hope you educate your self, so you don't fall victim of the FRAUD by deception this lady is committing against all the viewers that trust what she is saying?????? Their is a few more trusts but she will never tell you what they are??? including but not limited to, as their are many Trusts - #1. forms of Trust is a Business Trust. #2. forms of Trust is called a Constitutional Business Trust, The U.S. Constitution is a Business TRUST and all U.S citizens are Beneficiaries of said Constitutional Trust agreement. With in a Trust you have protected rights, per what is said in the Trust agreement. ALL Amendments are trust protected agreements, i.e. 1st Amendment to protect Free Speech etc.. 2nd Amendment , The protected right to defend yourself and family against Tyrannical Corporate government etc. 3rd Amendment Protect rights within said Trust agreement as written etc... 4th Amendment Protected trust agreement rights etc. etc. etc. etc. #3. form of Trust is called The Federal Reserve Trust agreement, and ALL U.S. Citizens are beneficiaries of said FEDERAL RESERVE Business Trust, because in 1933 the federal reserve made a deal with all future people, allowing ALL people born after 1933 to Offset - write off - Discharge ALL Public Debts including but not limited to all bank Loans, all bills, all mortgages, all public debt. The PUBLIC = Incorporated STATE, Incorporated Federal Government, incorporated CITY, incorporated SCHOOL DISTRICT, incorporate Territory etc. etc. etc. , as ALL Corporate citizens are OWNED by the federal reserve as per The Name from the Birth Certificate that is STOLEN Identity ( aka Borne Identity - simply Google search ' Are we owned by government ??? ' search result = Us citizens are owned by The United States Federal reserve, a note in the stock exchange, being traded as a commodity. THE BIRTH CERTIFICATE IS A Federal Reserve BANK NOTE, a debt collateral, held in a Constitutional Business trust , which ENSLAVES all U.S. Citizens as Corporate Debt Collateral ) 14th Amendment states - 1.1 Public Debt Clause. Fourteenth Amendment, Section 4: The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. SHALL NOT BE QUESTIONED??????? Why is that???? it is because , if the Federal Government answers to the question of WHO is Liable for the National Debt, The Federal corporate Government would have to admit to ENSLAVING ALL PEOPLES or Citizens of THIS LAND and world wide lands?? Slavery or Involuntary servitude was abolished in January 1st 1863 , Ratified on December 6th 1863??? Look it up. This guy takes a lot about TAXES??, but never tells you that TAXES are a VOLUNTARY PAYMENT PROGRAM. I challenge anyone to prove to yourself that YOU own any form of TAXES?? STATE ( = corporation ) Income taxes, Federal ( = Corporation ) incomes taxes, estate TAXES on personal property, etc. etc. any tax you can think of, prove to your self that you own Taxes of any kind? show yourself the so called Law?? When Corporations do NOT make laws, they create corporate Rules, Acts, regulations, statues that fall under Colorable Law = Colorable law is Corporate Rules and Regulations masquerading as LAW, in fact colorable law is not LAW. PEOPLE YOU CAN NOT CONTINUE GOING THROUGH LIFE , NOT UNDERSTANDING WHAT THE f IS GOING ON???????????? DO SOME RESEARCH ON THE TOPICS MENTIONED IN THIS COMMENT, for your OWN Benefit???? Enjoy your days being FREE if you even stand up to the Bullies in your lives ......... LOL?
Wow! I did not read your longass reply!!
Thank you very much your expertise in trust experiences and helping those not understanding will help my clients turn to ask and orientation in our workshop...
Very informative. Thank you
It’s vital to set up a proper estate whether it is an revocable trust or irrevocable trust and a living will.
Excellent easy to understand presentation. Thank you.
Thank you for all these informations for all of us misinformed or partially informed.
Don’t forget this is just the first step out of about a hundred in a complete Legalese Administration.
Thank you for this breakdown. The information provided in this simplified overview was helpful as I look at how to protect the family and the future of the family in my absence, hopefully down the road a loooong way.
Thank you! You just gave me more info than I got from my lawyer when I created an irrevocable trust. I need more info on funding it and I had no idea the trustee has to pay taxes on the trust.
very informative and thorough. she comes cross like a friend or a person next door.
The best kind of compliment!
Had to watch the video twice. I was hypnotized by the eyes in the first video and forgot what I was doing for a minute.
Been there. It's a good thing. There is a lot they assume and don't tell you. Later can become quite complex and painful. A lot of 'if this happens....'. I'll still get one, just with a lot more details in it. A lot.
Thanks for explaining it plain and simple. Helped me a lot with my Real Estate course.
Thank you for your erabolete vidio, very benefitial to your audience
Oh my god this was incredibly helpful and the analogy/metaphorical references helped greatly thank you!
Love it! Thanks for letting me know!
This was actually very helpful!
Very impressive video. Much more success to you in 2021
Great piece! You make it so easy to understand. Thanks
Thank you for the simplified explanation. The trustee we are dealing with did not do anything she was supposed to do and now we are close to having to go to chancery court.
Thank you for the excellent video and really like the way you explained in clear, simple terms and the importance of funding the trust.
What identification will the bank require if an individual is the a trustee of a trust?
I just got into estate planning and business I have a book on economics and took a class at community college
This was soooo helpful and simplified! Great job! Please keep them coming...
I'm having difficulty concentrating on your message because the audio is over modulated and clipping. Couldn't get past 1:25. I hope you try again, your delivery has good energy. 👍
Thank you. Clearly explained. Love short useful videos like this. It was great
That was a SUPERB intro. Lots of questions answered for me. Thanks!!
Thanks for the awesome, simplified overview. After watching numerous videos to acquire info, this one definitely clarified the most info. May I suggest for the future you identify jurisdiction and how broad your info applies geographically? States and countries vary widely I've now learned.
This information is generally applicable to how trusts work in the United States. That being said, I would never advise anyone to try to draft a trust themselves or to do it online without specific legal advice from someone qualified in their state.
Thank you Nicole
Great overview and communication skills. Much appreciated. I may need to call your firm now!
This was extremely helpful , thank you for the clarity !!
So glad you think it was helpful! Thank you for letting us know.
In a case where a fraudulent Trust was created through Undue Influence & Lack of Capacity: Let's say the document is determined to be VOID by the court and the valid pre-existing Trust is accepted as the correct one. How do the beneficiaries then collect their rightful inheritance? Does the probate judge order the stolen assets to be returned and distributed according to the valid Trust document terms? How does that work? It gets extremely complicated when there's a 'bad Trustee' who is adversarial towards the beneficiaries and steals all the Trust assets.
very helpful information and clearly explain...thanks!
Is there a video that illustrates how to fund the fishbowl? With examples? Still somewhat confusing
Thank you, the first video I've come accross that explains things clearly and simply. Wished you were based out of NJ.
Thank you! It's always my goal to be clear!
Very informative...thank you!
If a person who has got a lot of Health Care Issues including a wheelchair user and is planning to buy a wheelchair van for the PA to drive, How do I go about getting it?
Thank you for the great explanation!
Excellent vlog!
what if you already had a will made but now would prefer to to have a living trust. Can you have both? I prefer the house to not go through probate as my invalid sister is living there and would like her to remain as she is one of the 3 beneficiaries.
In almost all instances, even when you have a trust, you also have a will. However, it is usually a specific type of will called a "pour over will." This is something to discuss with your attorney!
What is the best solution for middle class asset protection? Irrevocable Trusts seem to be the solution but is an LLC or something else better?
Great explanation
Excellent
Very helpful video..thank you.
I want to make a trust with a clause that it will change according to my will when I pass. The reason is I want to be the beneficiary whilst alive (property trust/holding trust) but upon my death, I would want to change it. So, do I go for the revokable trust then? For now?
great information, need to learn more ! Thank you !
Thank you!
So im in a situation here. My grandpa own half a house in Arizona and put the house in his trust to give to his family. Now he has passed and the other owners of the house claim they own 100% of the house now. Is that possible?
hello
your video is very interesting and easy to understand the initial process of a trust.
I have a couple question if you could clarify, my appreciation in advance.
1. I read that in a Irrevocable living trust changes are not allowed. Is that true? So, if I have a property in this kind of trust, I can not sell the property or make any change to it? what kind of restrictions are included in this kind of trust?
2. If husband and wife do a trust can they be the trustee of each other in a revocable or irrevocable living trust? Can one be the beneficiary of the other?
In some types of irrevocable trusts, you can make changes. This is a specialty area that attorneys like myself can help in. Spouses can be each other's beneficiaries, but it needs to be set up properly if you are trying to achieve asset protection.
Great Video! Thanks so much for sharing. I am planning to refocus my real estate sales business toward selling estates. I have found that the beneficiaries are the most appreciative of all my client types and I really enjoy helping them. I am offering three options: 1. Cash purchase 2. Realtor Services 3. Renovation Services to increase purchase price. What other services do you see that your clients would benefit from when inheriting real estate either through a trust or a will? Thanks so much! - Chris Black, Assoc. Broker (Serving DE-PA-MD)
Good video.
That was outstanding.
Thank you!
can i change an irrevocable trust, to a revocable trust at another time?
Thanks for this info.....You state, A revocable living trust DOES not provide asset protection, & this is a problem for some, but I have no idea what you're talking about, w/ "asset protection".
nice intro to trusts thanks
Thanks! Nice presentation!
Great video, very informative but the only thing that makes me nervous is not being able to manage my own assets and money that are in the trust? Is it true that someone else manages the accounts in an irrevocable trust?
Thank you! This is incredibly helpful!
SHE IS LIEING to you, it is sad to see that people commenting have NO CLUE , what they are listening to, and refuse to do their own research to verify that she or any so called Trust lawyer is telling you the truth, The Blind leading the Blind as they say.... ?? THEIR is NO estate Trust that protects one's estate because YOUR so called estate has NEVER been recorded or registered properly on the land. How can you verify this information shared, by looking at your Property tax bill and the Fictitious name on said property tax bill. #.1 pay attention to how many acres you pay tax on? Land is property, if you see ZERO acres of land that you are paying taxes on, that is a MASSIVE red flag? . #2. The name as written on your Property tax information is NOT YOU another MASSIVE RED FLAG. Your FULL LEGAL NAME includes in the following order... Your Given Name and your last name. Your given name is your first and middle name IS your given name, then your Last/fathers name. Does not matter if you are married or single. So for example, Your displayed name is Louisa Keddell, now if your name was written in all caps e.g. LOUISA KEDDELL - this all caps description is not you, it is a fictitious name created by someone else, and it is fraud against you. If you have a middle name? lets say your middle name is Clair?
Super helpful.......
Very good. Thanks
Great video
Bravo! :-) what a vibrant super smart super lovely lady! 🙌
Great job....very helpful👍
Great video. I’m a soon to be attorney who is interested in doing this as part of his practice. Great simplified information. I’ve been getting really detailed info but it’s good to be reminded and reenforced with basics.
I'm glad you're trying to learn. So many attorneys that "do this" don't even really understand it. Be different!
Depreciation of assets, can a trust help with that or are there some other procedures?
Great Info.
This was very helpful. Thank you!
Good to hear! You're welcome.
This was a great introductory video. I am 50 and really have to think about financial planning. So, is the first step creating a trust with an attorney? Then what? after that do you change your bank acct name to the trust name? Your house? Change your 401k?
did you ever get an answer to these questions? i am just now learning about a trust and the same questions came up for me.
I’m getting the crime free acceptable use policy n April to avoid this with arbiter interdiction traditional family lawyers.
Beautiful! The info was awesome also.
Loved the content.
Greetings, from Atlanta! What about vehicles? Can we put our cars into an irrevocable trust?
Wonderful information. Thank you!
Can federal court come after your trust>?
me and my dad own a house 1/3 for him and 2/3 for me thats the partition on the dead or the tittle owner, he make an revocable living trust, he make my brother and sisters as his beneficiaries im not mention or included on his trust, now can i refinance the property for renovations?
This is a complex situation, you need to talk to an attorney.
If there are two people in a trust and they can not come to an agreement such as in selling or not selling a property, how is the decision made? Who can "break the tie"?
Do I have to include my spouse as a grantor if I want to have my own, individual trust?
How can we tell if my mother had a trust? My brother is the executor of her estate and refuses to share any information or provide paperwork. Also, If my mother’s IRA and bank accounts only have my brother listed as the beneficiary does that mean he gets to keep the money or does it go to part of the estate I’m not sure and I am not sure how to find out.Thank you for your time
You need a lawyer now to write a letter to the jerk brother. You must see all the info. All that money goes to your brother, yes. But he is supposed to divide it with you.
Welcome to my world! My older sister works for an attorney and she had my parent’s Trust “updated” a few months before my Father passed away. She had my brother’s name removed from the Trust so he wouldn’t lose his inheritance to the bankruptcy case that he was currently involved in where he lived out of state. Her boss, the attorney had no idea that my Father no longer had the capacity to make sound decisions, since his office was 4hrs away. To make a long story short, she had control of everything, she laughed at my copy of his will stating it meant nothing! I did receive a few items, mostly things that no one else wanted. My three boys have been told by their Grandpa that they were going to receive certain things when he passes, they received junk no one else wanted. My siblings had been discussing things for months behind my back, unfortunately they are now dead to me. I work with several people who have went through the same exact thing. Same story with different people.
You might talk to an attorney. I went through probate today and they asked if there had been recent changes and if my dad was in sound mind when he set up the trust. I’m sorry that this has happened to you.
Thanks so much! Very important and helpful information! !
I'm so glad you found it helpful!
Thank you for this. This helped a lot!
If a joint bank account (held by husband and wife) is placed into an individual's trust (say the husbands) can both husband and wife write checks, withdraw money, etc? Or to do the would the checking account have to be placed in a joint trust or and individual trust with husband and wife as co trustees?
If properly put into the trust and both parties are trustees of the trust, there should be no issues with operating as you would normally.
If you have property in multiple states, can your trust include those or would you need to create trusts in each state?
With a properly drafted trust, you can place property in multiple states inside. There may be benefits from having separate trusts, but that is definitely all a conversation to have with a GOOD lawyer.
I'm lives in State of California , I would like to purchase Trust 101 please