Thanks a bunch Toby, as a senior citizen in the same business for 60 years, and dealt with several lawyers, I still learned details that are informative, and we all should know that information, is ammunition. We are never too old to learn. Thank you again.
I heard a saying years ago: Rich people own nothing, but they control everything. It's taken me years to figure out the subtle details about how they accomplish that. This was a Very informative video, in which the speaker pretty much lays out exactly how the above phrase can be put into action. Thumbs up. 👍
Yes keep fighting over the worlds limited supply of money in the hopes that you will one day be more wealthy that everyone you share the planet with!! Lol yall dont see the self imposed class war yall maintain by doing that huh?. . not very smart are yall?
This was REALLY good. I did an 'Business Structuring' class by several lawyers about 20 years ago. I flew to Vegas from Knoxville, paid the $2,500 for 5 days with about 20 others. It was the BEST money I have ever spent. I passed my learning onto other friends and family. ALL have thanked me. I now thank you.
@@TobyMathis A greedy trustee changed our LLC Trust Schedule and cost 50% in billable litigation Hours without the NICER Arbiter Interdiction LLC protection, Please County Fund, FinCEN and NICER Record, Arbiter Interdict, Trust Guardian Validate, and Trusted Advisor Certify LLC and NICER Upgraded RLTs.
True story (Worker's Comp Case): I was injured at work employed as a government worker. The employer is self-insured. Prior to going to trial I just wanted $50K and be done with it. Fortunately, my lawyer was top shelf. She warned me that I had massive legal debt if I decided to go to trial and lost. She wanted to go to trial. She convinced me. SMARTEST DECISION OF MY LIFE I won my case. My take after all the legal costs was low six figures. The best part? My lawyer won me a state pension. I now get a guaranteed pension of $5K+ a month...all thanks to my attorney (they get 15% of my pension but well worth it!). My advice to any person with a worker's comp claim....lawyer up early.
@@anotherbitchbitesthedust Make that a NICER forgery proof Trust a greedy trustee changed our parents at the last minute and cost 50% in billable litigation hours.
Yes keep fighting over the worlds limited supply of money in the hopes that you will one day be more wealthy that everyone you share the planet with!! Lol yall dont see the self imposed class war yall maintain by doing that huh?. . not very smart are yall?
Wyoming's charging order protection laws are effective for members to protect their LLC assets and ownership from creditors. However, that protection does not extend outside of Wyoming. Members living out of state will have to deal with different laws protecting their LLC assets from garnishment by creditors.
How can a Judge in another state besides Wyoming, have any say over a Wyoming LLC? Doesn't the judgment creditor, have to domesticate his out of state judgment in Wyoming?
Somehow this came up on my feed and started playing. I was busy commenting on another channel in a different tab, and silenced you. After I was done with the other channel I came here and started reading comments. I WILL listen to this but I want you to know I'm a SUBSCRIBER now. I can't wait to see your other videos! According to professionals who've commented you seem highly regarded and a master at what you teach. Thank you in advance!
I've listened to this video more than half a dozen times now. Wisdom comes from experience. I am as eager to learn from other people's experience so I don't travel down evil 'life seminars' that we are 'forced' to take by ignorance and inexperience. Thank you, Toby, for a great video. And thank you to all that post YOUR experiences as well. I look at it as though posters are giving testimony and cautionary tales to prove the liability of hiring WISE COUNSELORS, such as Toby. Be blessed! Great things are coming and we ALL need to protect ourselves.
Hi Toby, I’m planning to take the California bar exam soon. This is the best explanation that I’ve seen so far on RUclips about protecting assets. This is the area of law that I plan to practice so thank you for your inspiring presentation. I am now a loyal subscriber and can’t wait to watch your other content.
@@TobyMathishello Toby. I heard that there is a new rule starting in 2020 for saying that you must reveal who is a beneficiary of an LLC in regards to your section of this video for a land trust and then assigning the LLC that is in charge of that land trust and then me as a beneficiary or owner of that LLC
Yes keep fighting over the worlds limited supply of money in the hopes that you will one day be more wealthy that everyone you share the planet with!! Lol yall dont see the self imposed class war yall maintain by doing that huh?. . not very smart are yall?
Yes keep fighting over the worlds limited supply of money in the hopes that you will one day be more wealthy that everyone you share the planet with!! Lol yall dont see the self imposed class war yall maintain by doing that huh?. . not very smart are yall?
You explain things very well and give so much good information. After listening to this video, I realize I need to see a lawyer about making some changes with some of my assets. Many thanks for this video!
Hey Toby! 🌟 Couldn't wait to tell you how much I loved todays video!It becomes even more special when you place emphasis on giving back and being generous, I genuinely love your positive vibe. I actually just discovered your channel just a day ago, and I've already binged on at least 5 videos. Super excited to catch up with all your incredible content. Keep the awesome stuff coming! 👏🏼
I’ve always known that wealthy people need to hide by getting their name off of stuff and also by living a moderate lifestyle, rather than a luxury lifestyle (with big cars, expensive homes, etc.). This is great information you’re sharing. I just subscribed, as I plan to create my wealth soon. I also shared this with a lot of people, one who really needs it. But like the old saying goes, you can lead a horse to water, but you can’t make them drink. I know someone who is hidden and their life is great, which has inspired me to, when I create my wealth, to definitely hide it. Lots of people are ruled by pride, which I believe to be one of the most foolish and expensive character traits to have, flaunting their wealth and showing everyone their deep pockets, which is definitely inviting trouble. I love the idea of renting no matter how wealthy you are. You can even rent from your own hidden entity 😉. I also love the idea of being hired and paid (not too much) by your own entity. I also love the idea of people paying your hidden entity for goods and services, instead of you. I also love the idea of your hidden entity paying for a lot of your expenses, making them business expenses, versus personal. I’ll stop there. 😀
A lot of common sense as I like to call "optical illusions". *Whistles inconspicuously and saunters off I am living my optical illusion....usually in my sleep. But still. I like to think my smart investments are liquidated yearly too!!! But again in those optical illusions I drink up like a camel....then I wake up. And then suddenly my dr÷arms are shattered. Crap, I cant win.....but I can keep pushing forward versus not try at all! I didnt go through 10 long years letting life pass me by after ending up wheelchair bound and partially paralyzed, just to reach a point in my now divorced life being tired of being passed like Im usually stationary-because I was!!! Key word-WAS!!! And my doctors said I'd never walk again!! Pshhh!! Brief intermission of a set back!! But, then, when you take about a 10yr hiatus from social mexia- you tend to return just to have it all cru.pl÷ from underneath ya and cannot seem to dig oneself out of the Hell called-My life!! All because you had this evil thing called Hope. That coincided with wanting to no longer live alone in that newly divorced life, think you found that perfect Unicorn when you return to social media. Just to learn the cruel way what things /hat exist online now called Hacking Romance Scamer of a Catfish P.OS. kind of Not Unicorn that left you in not financial freedom per say. But Financial Ruins!!! Right when you were trying to also start a 1st of adventures called a Start Up. A newborn baby business that you had a few grands but needing way more than that for a start upby trying to gain capital. But like I said, that now is the optical illusion but with now ruined credit, credibility, and thousands that was saved, are now lots of thousand of dollars in the negative called debt, hug÷ debt to income, and no chance in Hell of getting more financial backing to eventually obtain financial freedom. All now in one@ dream state bcuz conscious daydreaming isnt very friendly to even want to be...... Did I mention how lucky my existence is not that-ie Lucky!!! But again, one did not work their butt off to get to regain the ability to walk again for nuffin. Even if it means having no ground to walk on!!! Can someone knock me out, cuz I'd rather exist their and all those dreams that are fun bcuz they aren't yet dasbed!!! Stay woke, ppl!! And kind. Cuz the cruelty in ones dreamstate has a term that may call them- NIGHTMARES !!!
Thank you for the great explanation! I am confused about taxes in these situations. Hypothetically, let's say I live in NH where there is no income tax, but there are corporate taxes. If I put rental property in a trust with an LLC as trustee, does the LLC owe taxes on the rent, or is it my personal income which is not taxed? Don't LLCs require certain ongoing actions to maintain state? I have heard that corporations do have such requirements. What are the advantages or disadvantages of an LLC vs. a lawyer as trustee? What happens when a lawyer/trustee retires.
I worked for Dow Chemical for several years. At one of our meetings, I was told that Dow averaged a new lawsuit filed against them every day of the year.
Just found you. Subbed off of your passive income video (mainly because of your 10% giving notion). I literally feel like I've found my guy that I've been looking for, for over 2 years.
Can remember a nice guy who owned a 6 man riggjng business that specialized in moving machines. His cheating wife hired a big time lawyer to suck every dollar out if this guy. He did maybe a week or two work for some long time customers a few times a year where he had an agreement that he did not want to get paid until the divorce was final. His wife could not figure out how he was working the same 50 to 60 hours every week & his profit was way down. After the divorce he had a pole barn built and went out and purchased a few nice old classic cars.
Yes keep fighting over the worlds limited supply of money in the hopes that you will one day be more wealthy that everyone you share the planet with!! Lol yall dont see the self imposed class war yall maintain by doing that huh?. . not very smart are yall?
Yes keep fighting over the worlds limited supply of money in the hopes that you will one day be more wealthy that everyone you share the planet with!! Lol yall dont see the self imposed class war yall maintain by doing that huh?. . not very smart are yall?
Stumbled upon your video and watched it twice (at work and attention in to many places at once) . I have a general idea about this topic but recently my dad passed and I and executor of his estate. Besides his financial accounts, he has a condo that I want to keep as a rental and looking for advice and a newbie to owning a rental unit. I like your simple, broken-down explanations. Will definitely poke around some of your other videos and see what I can gleam.
Yes keep fighting over the worlds limited supply of money in the hopes that you will one day be more wealthy that everyone you share the planet with!! Lol yall dont see the self imposed class war yall maintain by doing that huh?. . not very smart are yall?
Thank you so much Mathis . you broke it down nicely. I could listen to you all day . Too bad there's no apprenticeship in law, I would definitely like to learn from you 🙏
Yes keep fighting over the worlds limited supply of money in the hopes that you will one day be more wealthy that everyone you share the planet with!! Lol yall dont see the self imposed class war yall maintain by doing that huh?. . not very smart are yall?
Wow! I call myself an average person who likes to allways learn somenthing new; and this is so informative and easy to understand... thank you Toby Mathis
Why don't Estate Planners tell us up front the RLT and LLC are easy to forge without the NICER approved Legalese Administration Lawyers and their team of Allied Legal Professional Trust Guardians. We fed up with Estate Planners promising peace of mind and Costing 50% in Billable Litigation Hours instead of 10% in Probate or 5% in Prebate?
Beneficiary grantor trusts under section 678 of Title 26. Each trust should have a name that has nothing to do with the client's name. Unlike an LLC, no public records, no public information reports, no franchise tax returns.
@@rajeshupadhyay5683 I'll suggest you reach out to Christine Lynn Saitta, she's a real investors prodigy and has handled my investments for over 10 months now
It is fascinating to hear that someone here employ madam Christine's services. She has been managing my investment so well and my weekly return are mind blowing
Great information! Question: While the public record may not show your Wyoming LLC and bank accounts, how does the invisibility hold up if you get a subpoena? Do you then have to disclose your bank accounts and the Wyoming LLC if one of the LLCs it owns gets a charging order?
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
Yes keep fighting over the worlds limited supply of money in the hopes that you will one day be more wealthy that everyone you share the planet with!! Lol yall dont see the self imposed class war yall maintain by doing that huh?. . not very smart are yall?
Hi Mr. Mathis, I have had a Nevada S-corp for over 10 years and it has worked nicely for what I needed at the time. I live in FL and had to file a foreign corp here in this state which was fine; however, last fall I obtained my Mobile Home Broker's license. One of the requirements of the State of FL was that I personally needed to have my name on public record as an officer of the Scorp in order to obtain my license. Not 1 month later, I got slapped with a lawsuit from my prior broker because he was able to see my name on the public record. I have paid a lot of money annually to maintain my Nevada Corp, but what good is the original intention of protection by keeping my name off public record when the state I live in forces me to keep my name ON public record in order to obtain and maintain my broker's license? What's the point of bothering with the expense of the Nevada Corp when the entire point was to protect myself? What say you?
Hi @@TobyMathis, Thank you so much for all the time, energy, & knowledge you put into these videos. Not everyone can teach & be understood You can teach & be understood. I am very grateful for all your content. I have learned so much. I have a questions I hope you can explain. I will apologize for maybe I don't know how to ask for what I mean. I am praying you understand my questions. let me give you the scenario. She makes under 25k, but her soon to be husband has almost 3mil. He has decided and she has accepted that she/ his wife will be in control of all money and assets and be the decision maker. once they are married she will be in charge of the money, deciding where they live. with this ^^ in mind. she follows your instruction. gets a LLC in WY, and sets up a living trust(?) in Nevada where she places their home and future assets. My question is; Keeping in mind, realistically it's his money, of course, depending on state law. Or both of their money and assets. My question is how is she or he/they impacted by taxes if property, money and assets are under her control through the LLC and trust? Are there any tax concerns in this situation. Next question, still pertaining to the first question, she also needs to open a new bank account to hold the rest of the money until she decides how much to invest. What are her options? She wants to make their money invisible and keep it protected. I suspect she needs a certain type of bank to handle and secure that amount of money? Am I correct? Are there tax issues if he transfers the money to an account with her or into an account without his name? I suspect their personal money can not be put into a trust and used for daily living expenses and also for investing. Or am I incorrect? Can you advise on these scenarios? Can both if their names go on the living trust (?is this the correct type of trust?) Or can only one name? I want to say, the bank I use has many of my family members and friends of the family working their. I don't find it very private. Even though no one mentions anything, I do know that when I travel I must call the bank and let them know when and where I go so my transactions are not declined but also are monitored for fraud. If I had 3 mil to put in the bank I would not trust anyone with that knowledge that knew me personally. I believe that's a good policy.
Yes keep fighting over the worlds limited supply of money in the hopes that you will one day be more wealthy that everyone you share the planet with!! Lol yall dont see the self imposed class war yall maintain by doing that huh?. . not very smart are yall?
A rental by me hides behind an LLC. So it's very difficult when say a fence needs to be fixed or they need to be contacted. Other neighbors also had trouble with contacting them for various items. The only time anything happens is when tenants change.
Learn about Real Estate Asset Protection from Clint Coons, Esq., and Toby Mathis, Esq. at our next all-day FREE Live Stream. Our attorneys and specialists will answer all of your questions: Save Your Seat: aba.link/e16129
So what happened to honesty? Are you saying it's ok to hurt someone? there is a way he can't get justice, if you have the money you can do what you want and no one can touch you or your wealth, right? No wonder the world is full of evil people.
This is probably one of the most informative videos I’ve watched, great info for this new Relator 👍. Here in Louisiana everyone is a cash target for lawsuits. Regarding the banks, couldn’t the other persons attorney just get a court order (subpoena) to obtain the name of the owner?
Mate, I’m in Australia so an site there’s some nuance to these structures that may not align, but I love the content and the way you deliver it. Keep up the great work! Despite not being in a position to have your advice be relevant to me, I stayed to the end and that’s rare 😅
You got my attention, well delivered. Understanding invisibility and asset protection is vast, what's the senaro for properties in Texas re: corp owned, better to setup new corp point to Wyoming LLC as member managed? what if the real estate becomes primary residence, what about homestead? Thanks very much
Thank you so much. You are so straight forward and don’t bear around the bush, i recently saw your video on LLC’s and Sole P., it was extremely helpful. Again thank you so much ! 💯
time 17:11 the Act references: "On the lending side, Title VIII of the Garn-St. Germain Depository Act, "Alternative Mortgage Transactions," authorized banks to offer adjustable-rate mortgages. However, the act also had substantial benefits for consumer real estate owners, because it allowed consumers to place their mortgaged real estate in inter-vivos trusts without triggering the due-on-sale clause that allows banks to foreclose and collect the balance due on a mortgaged property when ownership of that property is transferred. This made it easier for property owners to pass real estate to minors and heirs, and also allowed the wealthy to protect their real estate holdings from creditors or lawsuit settlements."
I'm moving to Texas next month. I want to close my CA LLC and open a WY LLC, and put my house that I'm purchasing into a Land trust. I have been flipping real estate in my CA LLC, but I want to set up my business with a layer of protection. How do we set up an appointment?
This is great information. You explained it so well. I wish more people like you existed in the world. I wonder if cash holding is best in an LLC or a Trust? Thank you.
For both there is the tax consequences. Remember, the main idea is put yourself in invisible state for anyone but there is a price. Trust is expensive to have, the llc is another tax story.
@@klimankhmeron7636 That is the precise question I was left with - where can I learn about the tax consequences to holding businesses, rentals or investments in an LLC or land trust?
@@raddadrocks @Jason Himmel no college no youtube for sure. It must be mostly a work experience, in the mid to big size companies. However, which taxes you want to learn I can only hint with the US and US states.
Yes keep fighting over the worlds limited supply of money in the hopes that you will one day be more wealthy that everyone you share the planet with!! Lol yall dont see the self imposed class war yall maintain by doing that huh?. . not very smart are yall?
Toby, thanks for this! Super useful info! Are these things I can do myself (set up a trust for rentals)? Or should I get a CPA/attorney/estate planner?
Great information. Would be good to know if this works in the UK. Does transferring assets into a Trust of LLC mean that a capital gains tax is triggered on transfer of the assets?
Thank you for the formula. I suffered a "trip-and-fall" accident and settled recently, and wondered how the lawyers settled my case. Working through the formula, I was able to make a decision as to the settlement I wanted without signaling the lawyers to settle. I plan to invest monies I receive from the settlement for serious investing opportunities. Again, thanks!
Hey Toby, great video! I have a question about rental being in the Last Trust vs. LLC - who's paying taxes on the rental income, if Land Trust does not list beneficiaries? The same goes for a rental box LLC owned by another LLC in Wyoming?
What's the difference between, or what's the importance of a Land Trust and a Personal Property Trust that holds valuable collectibles or precious metals or art, etc.? Can non-land assets be held in a Land Trust? BTW, great presentation, Toby.
Beware of trusts. I have personal experience. If you out your home in a trust, they own it. They decide everything and they tell you they own it if you disagree. Also you have to allow them in to do inspections etc.
Both land trusts and personal property trusts are grantor trusts. They are essentially the same except for the type of asset they hold. Lawyers are not very exciting so we call trusts that hold land "land trusts" and trusts that hold personal property "personal property trusts"
Pretty funny for me to listen to your video because: Having a masters in business and owning a contracting and investment comp I've been doing all this for 25 years. Loved listening for sure. 👊👍
If I may, have you ever been sued, and a judgement made against to pay a financial amount to a litigant, in these 25yrs? If so, what was the result, briefly?
Thank you for sharing your professional knowledge in a concise manner in a single video 👏! I definitely plan to put this knowledge into action. Thanks again!
Great information! What if you already have multi-unit rental properties that have associated debt in LLCs but your name is currently listed as the statutory agent and/or member? The lenders have said they will charge thousands of dollars to transfer the loan into a new LLC name that is structured with a new statutory agent/member listed so as to not be in our personal names -- what is the best way to structure things at this point for asset protection?
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
For personal property that I've lived in over 5 years, does a land trust In GA allow me to take advantage of Homestead Exemption tax benefits as well as school tax exemption (over 65)? Thank you!
Great video Toby, thank you. I would like to see a step-by-step video on what someone would do if they won the lottery, how they would go about obtaining Security Through Obscurity, how to find/interview the right lawyer and or firm, fiduciaries vs accountants. I was P.I. in the Great Lakes for about 15 years, so, to use jargon from my world, how do I become "The Wealthy Grayman".
Yes keep fighting over the worlds limited supply of money in the hopes that you will one day be more wealthy that everyone you share the planet with!! Lol yall dont see the self imposed class war yall maintain by doing that huh?. . not very smart are yall?
We see Anderson Advisors uses the Dangerous Easy to forge estate plan documents Trusted Advisors refuse to use putting their clients needs ahead of their own with forgery proof documents.
Thanks so much for the information. Great Video. I just became a subscriber because you were clear with great examples, and you speak at a pace and tone that is conducive to a layperson's ability to understand and grasp the concepts. You started to get into what happens, for example, when you apply for a loan, but the video ended before you could explain. QUESTION..... If I want to get a loan but all of my assets/worth is hidden in a trust or LLC, can I still claim these assets as my personal wealth and use it on the loan application. If so, how would I show it? Thanks
Hey Toby, this was great information. I have 3 rental properties (located in Ohio, Mi, and MD) and a relatively high net worth home in MD. Do yu recommend 1 LLC for all the properties or a separate LLC for each one? I have about a 2.5 million net worth. Do you recommend a 2.5 million net worth umbrella liability policy (plus 30% to cover lawyers' fees) or a different amount of liability protection? I am retired since 2015. JM
Thanks Toby for this great information! I was wondering what is the smartest way to apply this when assets are being pooled by one or more family members?
Yes keep fighting over the worlds limited supply of money in the hopes that you will one day be more wealthy that everyone you share the planet with!! Lol yall dont see the self imposed class war yall maintain by doing that huh?. . not very smart are yall?
@@TobyMathis awesome information! Wish I had this information in 2007. Lost everything in 2008 Subscribed , great content! Any advice for expats in dealing with the USA wealth confiscation thugs?
Is this correct?... My understanding is that if you put your house into an LLC, it's protected from third-party lawsuits/creditors. However, if you google the homeowner's name, the primary residence property will come up as under a corporate title.
1. yes to everything you said; 2. 30 years ago, my PI told me he had access to over 200 data bases. His brother made a bet with him - $1000. The bet was that my PI could not find out whether brother lived (CIA employee). Within a day, PI had a report of the last 10 years of residence addresses. 3. The best hide-the-assets target I ever met was an anesthisiologist. The insurance premium was too high. His children owned the home via a trust. He rented a room as his office. The simple car was leased. He only took business from a hospital that would pay him on the spot. 4. The second best target was a pitchman for a series of car dealerships. He was divorced and owed a lot of money. He would come to the dealership, make the pitch, get paid and leave. Having a levy against him was useless. The dealership did not owe him money and he was not an employee.
Hi! I'm in California: If I incorporated my home/residence here in a Wyoming, LLC, wouldn't I have to also incorporate in CA (and/or pay a fee to CA for that)?
Yes. They would want a franchise tax. There are a couple of tools to avoid much of the hit - for example a WY statutory trust or a disregarded LP (yes, I said that right and it does exist).
The IRS and State Tax Agencies can find out about your bank accounts and loot without Due Process. This is what happened to me when I went to my bank one day and found a lot of missing money from my Checking Account. No Due Process was involved. Also, you can't sue the State or the IRS, they will claim immunity.
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Can I hire you? I'm in Michigan and I have a messed up Trust from another firm.@TobyMathis
Hi do you in new york or New Jersey’s
Hehehe, good advise for the new tax plebs. If I could ever give my true advice on this platform there is not a person who would believe it.
@@mer1tiki interested
I live in NY. Can you please do a show if you are a recipient of a trust. What the best action to take when the trust begins to be distributed.
Thanks a bunch Toby, as a senior citizen in the same business for 60 years, and dealt with several lawyers, I still learned details that are informative, and we all should know that information, is ammunition. We are never too old to learn. Thank you again.
Thank you for the support!
Thank God for you.
A greedy Trustee forged our LLC costing 50% in billable litigation hours without a NICER approved Forgery Proof Arbiter Interdiction LLC Trusted Advisor to fund, record, defend, validate, and certify rightful heirs.
@@TobyMathis Are you and Anderson Advisors NICER approved for their Forgery Proof Arbiter Interdiction LLCs yet?
I heard a saying years ago:
Rich people own nothing, but they control everything. It's taken me years to figure out the subtle details about how they accomplish that.
This was a Very informative video, in which the speaker pretty much lays out exactly how the above phrase can be put into action. Thumbs up. 👍
Yes keep fighting over the worlds limited supply of money in the hopes that you will one day be more wealthy that everyone you share the planet with!! Lol yall dont see the self imposed class war yall maintain by doing that huh?. . not very smart are yall?
Warren Buffet lives in the first house he bought and Elon Musk has very few assets outside his businesses
The meta will change
Its true
They accomplish it by stealing your money and getting you to pay interest on loans. You end up owning the world through fraud. AKA, the banks.
This was REALLY good. I did an 'Business Structuring' class by several lawyers about 20 years ago. I flew to Vegas from Knoxville, paid the $2,500 for 5 days with about 20 others. It was the BEST money I have ever spent. I passed my learning onto other friends and family. ALL have thanked me. I now thank you.
Niceee what you Learn post em here lol
@@PICANTESOCIETYright? 😂
Thats a lot of money for 20 years ago… so good on you for investing in yourself and having it pay off well
I have basically known most of what you mentioned. However you are the first I see on a public channel talking about these things. Great job!
Thanks for the support =)
Extremely helpful Toby!
@@TobyMathishi! Thx for your work! If credit card is overdue, but no lawsuit, llc for real estate
Sorry ! Too late for llc for land property protection? Thx!
@@TobyMathis A greedy trustee changed our LLC Trust Schedule and cost 50% in billable litigation Hours without the NICER Arbiter Interdiction LLC protection, Please County Fund, FinCEN and NICER Record, Arbiter Interdict, Trust Guardian Validate, and Trusted Advisor Certify LLC and NICER Upgraded RLTs.
True story (Worker's Comp Case): I was injured at work employed as a government worker. The employer is self-insured. Prior to going to trial I just wanted $50K and be done with it. Fortunately, my lawyer was top shelf. She warned me that I had massive legal debt if I decided to go to trial and lost. She wanted to go to trial. She convinced me.
SMARTEST DECISION OF MY LIFE
I won my case. My take after all the legal costs was low six figures. The best part? My lawyer won me a state pension. I now get a guaranteed pension of $5K+ a month...all thanks to my attorney (they get 15% of my pension but well worth it!).
My advice to any person with a worker's comp claim....lawyer up early.
😂😂😂
Why would you have massive legal debt if you lost? Your lawyer would charge you if you lost but take a % if they won?
I take it you qualified for permanent disability? Otherwise you wouldn’t be getting that pension correct?
Hi , Did you put your earnings into a trust ? Im actually thinking of doing so with mine .
@@anotherbitchbitesthedust Make that a NICER forgery proof Trust a greedy trustee changed our parents at the last minute and cost 50% in billable litigation hours.
Knowledge is Power! Don't hate the Player; learn the game!!! Thanks for this very useful information.
Yes keep fighting over the worlds limited supply of money in the hopes that you will one day be more wealthy that everyone you share the planet with!! Lol yall dont see the self imposed class war yall maintain by doing that huh?. . not very smart are yall?
Eviscirate the evil system. Evil perpetuates and breeds evil.
Wyoming's charging order protection laws are effective for members to protect their LLC assets and ownership from creditors. However, that protection does not extend outside of Wyoming. Members living out of state will have to deal with different laws protecting their LLC assets from garnishment by creditors.
So you’re saying getting an LLC out of Wyoming and putting your land trust in that is worthless if you in a different state?
How can a Judge in another state besides Wyoming,
have any say over a Wyoming LLC?
Doesn't the judgment creditor,
have to domesticate his out of state judgment in Wyoming?
Somehow this came up on my feed and started playing. I was busy commenting on another channel in a different tab, and silenced you. After I was done with the other channel I came here and started reading comments. I WILL listen to this but I want you to know I'm a SUBSCRIBER now. I can't wait to see your other videos!
According to professionals who've commented you seem highly regarded and a master at what you teach. Thank you in advance!
Thank you - I appreciate the comment. Welcome aboard:-)
I've listened to this video more than half a dozen times now. Wisdom comes from experience. I am as eager to learn from other people's experience so I don't travel down evil 'life seminars' that we are 'forced' to take by ignorance and inexperience. Thank you, Toby, for a great video. And thank you to all that post YOUR experiences as well. I look at it as though posters are giving testimony and cautionary tales to prove the liability of hiring WISE COUNSELORS, such as Toby. Be blessed! Great things are coming and we ALL need to protect ourselves.
Thank you for educating the public! Estate planning is one of the most important components of high net worth assets in life.
Thank you for watching!
Hi Toby, I’m planning to take the California bar exam soon. This is the best explanation that I’ve seen so far on RUclips about protecting assets. This is the area of law that I plan to practice so thank you for your inspiring presentation. I am now a loyal subscriber and can’t wait to watch your other content.
Good luck with your exam! Thank you so much for watching our content.
@@TobyMathisdo you represent people from states other than Nevada ?
Do you represent persons from other states
@@TobyMathishello Toby. I heard that there is a new rule starting in 2020 for saying that you must reveal who is a beneficiary of an LLC in regards to your section of this video for a land trust and then assigning the LLC that is in charge of that land trust and then me as a beneficiary or owner of that LLC
How does Alaska stack up for asset protection? Similar to Wyoming?
Amazing content! You are a master educater without the ego! Very rare combination indeed!
@@jessicawiley9592 not sure?
Yes keep fighting over the worlds limited supply of money in the hopes that you will one day be more wealthy that everyone you share the planet with!! Lol yall dont see the self imposed class war yall maintain by doing that huh?. . not very smart are yall?
Best RUclips algorithm suggestion in years! Now a subscriber.
This was an excellent presentation everyone should be aware of and participate in if applicable.
I appreciate how informative and well-researched this video was. It's clear that you put a lot of time and effort into your content.
Thank you so much! We appreciate you taking the time to watch our content!
Yes keep fighting over the worlds limited supply of money in the hopes that you will one day be more wealthy that everyone you share the planet with!! Lol yall dont see the self imposed class war yall maintain by doing that huh?. . not very smart are yall?
You explain things very well and give so much good information. After listening to this video, I realize I need to see a lawyer about making some changes with some of my assets. Many thanks for this video!
Hey Toby! 🌟 Couldn't wait to tell you how much I loved todays video!It becomes even more special when you place emphasis on giving back and being generous, I genuinely love your positive vibe. I actually just discovered your channel just a day ago, and I've already binged on at least 5 videos. Super excited to catch up with all your incredible content. Keep the awesome stuff coming! 👏🏼
Thank you so much for your kind words!
I’ve always known that wealthy people need to hide by getting their name off of stuff and also by living a moderate lifestyle, rather than a luxury lifestyle (with big cars, expensive homes, etc.). This is great information you’re sharing. I just subscribed, as I plan to create my wealth soon. I also shared this with a lot of people, one who really needs it. But like the old saying goes, you can lead a horse to water, but you can’t make them drink. I know someone who is hidden and their life is great, which has inspired me to, when I create my wealth, to definitely hide it. Lots of people are ruled by pride, which I believe to be one of the most foolish and expensive character traits to have, flaunting their wealth and showing everyone their deep pockets, which is definitely inviting trouble. I love the idea of renting no matter how wealthy you are. You can even rent from your own hidden entity 😉. I also love the idea of being hired and paid (not too much) by your own entity. I also love the idea of people paying your hidden entity for goods and services, instead of you. I also love the idea of your hidden entity paying for a lot of your expenses, making them business expenses, versus personal. I’ll stop there. 😀
q1
A lot of common sense as I like to call "optical illusions". *Whistles inconspicuously and saunters off
I am living my optical illusion....usually in my sleep. But still. I like to think my smart investments are liquidated yearly too!!! But again in those optical illusions I drink up like a camel....then I wake up. And then suddenly my dr÷arms are shattered. Crap, I cant win.....but I can keep pushing forward versus not try at all! I didnt go through 10 long years letting life pass me by after ending up wheelchair bound and partially paralyzed, just to reach a point in my now divorced life being tired of being passed like Im usually stationary-because I was!!! Key word-WAS!!! And my doctors said I'd never walk again!! Pshhh!! Brief intermission of a set back!! But, then, when you take about a 10yr hiatus from social mexia- you tend to return just to have it all cru.pl÷ from underneath ya and cannot seem to dig oneself out of the Hell called-My life!! All because you had this evil thing called Hope. That coincided with wanting to no longer live alone in that newly divorced life, think you found that perfect Unicorn when you return to social media. Just to learn the cruel way what things /hat exist online now called Hacking Romance Scamer of a Catfish P.OS. kind of Not Unicorn that left you in not financial freedom per say. But Financial Ruins!!! Right when you were trying to also start a 1st of adventures called a Start Up. A newborn baby business that you had a few grands but needing way more than that for a start upby trying to gain capital. But like I said, that now is the optical illusion but with now ruined credit, credibility, and thousands that was saved, are now lots of thousand of dollars in the negative called debt, hug÷ debt to income, and no chance in Hell of getting more financial backing to eventually obtain financial freedom. All now in one@ dream state bcuz conscious daydreaming isnt very friendly to even want to be......
Did I mention how lucky my existence is not that-ie Lucky!!!
But again, one did not work their butt off to get to regain the ability to walk again for nuffin. Even if it means having no ground to walk on!!!
Can someone knock me out, cuz I'd rather exist their and all those dreams that are fun bcuz they aren't yet dasbed!!!
Stay woke, ppl!! And kind. Cuz the cruelty in ones dreamstate has a term that may call them- NIGHTMARES !!!
dammit, I really wanted to become the Invisible man, are you sure you don't have a tip or two for that? :P
The world would be a far better place if all the rich dorks who flit over its surface would simply evaporate.
Couldn't have said it better.
I've never considered this.
Now you've given me something to think about.
Thank you for the great explanation! I am confused about taxes in these situations. Hypothetically, let's say I live in NH where there is no income tax, but there are corporate taxes. If I put rental property in a trust with an LLC as trustee, does the LLC owe taxes on the rent, or is it my personal income which is not taxed? Don't LLCs require certain ongoing actions to maintain state? I have heard that corporations do have such requirements. What are the advantages or disadvantages of an LLC vs. a lawyer as trustee? What happens when a lawyer/trustee retires.
Maybe ask a tax lawyer or CPA in your state? 🤔 These are good questions.
Thanks Toby, Ive seen your ad so many times I had to break down and watch. Glad i did, THANK YOU.
I worked for Dow Chemical for several years. At one of our meetings, I was told that Dow averaged a new lawsuit filed against them every day of the year.
In Florida we have a thing called homestead exemption, which bars any collection activity on homes in Florida unless you have a second home
I have been so confused. You made it very clear.
Just found you. Subbed off of your passive income video (mainly because of your 10% giving notion). I literally feel like I've found my guy that I've been looking for, for over 2 years.
Can remember a nice guy who owned a 6 man riggjng business that specialized in moving machines. His cheating wife hired a big time lawyer to suck every dollar out if this guy. He did maybe a week or two work for some long time customers a few times a year where he had an agreement that he did not want to get paid until the divorce was final. His wife could not figure out how he was working the same 50 to 60 hours every week & his profit was way down. After the divorce he had a pole barn built and went out and purchased a few nice old classic cars.
Invoices. He had invoices, and they should have been looked at.
I am currently in business school for my BA as my pre-business law undergraduate. I love this video!!!
Yes keep fighting over the worlds limited supply of money in the hopes that you will one day be more wealthy that everyone you share the planet with!! Lol yall dont see the self imposed class war yall maintain by doing that huh?. . not very smart are yall?
This man has lots of great knowledge and it shows! Thank you very much for your insight and time!!
Thank you!
Yes keep fighting over the worlds limited supply of money in the hopes that you will one day be more wealthy that everyone you share the planet with!! Lol yall dont see the self imposed class war yall maintain by doing that huh?. . not very smart are yall?
Stumbled upon your video and watched it twice (at work and attention in to many places at once) . I have a general idea about this topic but recently my dad passed and I and executor of his estate. Besides his financial accounts, he has a condo that I want to keep as a rental and looking for advice and a newbie to owning a rental unit. I like your simple, broken-down explanations. Will definitely poke around some of your other videos and see what I can gleam.
Yes keep fighting over the worlds limited supply of money in the hopes that you will one day be more wealthy that everyone you share the planet with!! Lol yall dont see the self imposed class war yall maintain by doing that huh?. . not very smart are yall?
Man alive, this is awesome!!! So much good information! I've started this process and will be following this guide. Thank you, sir!!!
You represent the profession in providing this info. 👏 You're raising people's estimation of lawyers generally and your firm especially. Thank you!
Thank you Toby for sharing all of your knowledge with us! The master’s touch is worth a thousand!!!!! 😊
My assets are already invisible. I wish I could find them. Lol.
lol, I’m in the same boat. I was able to avoid being sued for a car accident by not having any assets
🤣
😂
@@littleredpony6868I'm almost in the same boat, I got away from being sued for car accidents by never driving. 😂
Thanks to the easy to forge estate plan Trust so are my parents!
Thank you so much Mathis . you broke it down nicely. I could listen to you all day . Too bad there's no apprenticeship in law, I would definitely like to learn from you 🙏
You can learn to specialize in certain areas as a specialized paralegal.
Yes keep fighting over the worlds limited supply of money in the hopes that you will one day be more wealthy that everyone you share the planet with!! Lol yall dont see the self imposed class war yall maintain by doing that huh?. . not very smart are yall?
So glad I am a platinum member. Love the way you explain these complex ideas. Got any info on creating family bank??
Wow! I call myself an average person who likes to allways learn somenthing new; and this is so informative and easy to understand... thank you Toby Mathis
Why don't Estate Planners tell us up front the RLT and LLC are easy to forge without the NICER approved Legalese Administration Lawyers and their team of Allied Legal Professional Trust Guardians. We fed up with Estate Planners promising peace of mind and Costing 50% in Billable Litigation Hours instead of 10% in Probate or 5% in Prebate?
Beneficiary grantor trusts under section 678 of Title 26. Each trust should have a name that has nothing to do with the client's name. Unlike an LLC, no public records, no public information reports, no franchise tax returns.
Bingo
Trusts always come first to my mind!
What?
Lot's of great asset protection information! Thanks for sharing your knowledge!
I absolutely deeply appreciated this video. Thank you so much, Mr. Mathis.
Very informative video. I was wondering if I should you also transfer the deed of the house to a Land Trus OR LLC?
Loved loved loved this video. It is unbelievable how predators are out there. Thanks for your detailed explanations and examples Matt.!!
We are happy to hear that, thank you for watching the video!
Rightly said! Well i am also looking for more genuine and smart ways to invest, any tips here?
@@rajeshupadhyay5683 I'll suggest you reach out to Christine Lynn Saitta, she's a real investors prodigy and has handled my investments for over 10 months now
A CNBC news host spoke so highly of💕Christine Lynn Saitta and her loss prevention strategies been trying to get to her ever since
It is fascinating to hear that someone here employ madam Christine's services. She has been managing my investment so well and my weekly return are mind blowing
Great information! Question: While the public record may not show your Wyoming LLC and bank accounts, how does the invisibility hold up if you get a subpoena? Do you then have to disclose your bank accounts and the Wyoming LLC if one of the LLCs it owns gets a charging order?
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
Yes keep fighting over the worlds limited supply of money in the hopes that you will one day be more wealthy that everyone you share the planet with!! Lol yall dont see the self imposed class war yall maintain by doing that huh?. . not very smart are yall?
Hi Mr. Mathis, I have had a Nevada S-corp for over 10 years and it has worked nicely for what I needed at the time. I live in FL and had to file a foreign corp here in this state which was fine; however, last fall I obtained my Mobile Home Broker's license. One of the requirements of the State of FL was that I personally needed to have my name on public record as an officer of the Scorp in order to obtain my license. Not 1 month later, I got slapped with a lawsuit from my prior broker because he was able to see my name on the public record. I have paid a lot of money annually to maintain my Nevada Corp, but what good is the original intention of protection by keeping my name off public record when the state I live in forces me to keep my name ON public record in order to obtain and maintain my broker's license? What's the point of bothering with the expense of the Nevada Corp when the entire point was to protect myself? What say you?
Thanks!
Thank you for the super thanks!
This information is GOLD!! thank you so much for this. Please do more videos like this.
Thank you, we are happy to hear that you like it! We upload videos regularly so do be on the lookout!
Amazingly generous of you to share all this information. Many thanks.
Great info! Thank you so much for taking the time to educate your viewers. Wonderful delivery of rules and laws.😊
Thanks for watching! It means a lot to hear you say that!
Hi @@TobyMathis,
Thank you so much for all the time, energy, & knowledge you put into these videos. Not everyone can teach & be understood You can teach & be understood. I am very grateful for all your content. I have learned so much.
I have a questions I hope you can explain.
I will apologize for maybe I don't know how to ask for what I mean. I am praying you understand my questions.
let me give you the scenario.
She makes under 25k, but her soon to be husband has almost 3mil.
He has decided and she has accepted that she/ his wife will be in control of all money and assets and be the decision maker.
once they are married she will be in charge of the money, deciding where they live.
with this ^^ in mind.
she follows your instruction. gets a LLC in WY, and sets up a living trust(?) in Nevada where she places their home and future assets.
My question is;
Keeping in mind, realistically it's his money, of course, depending on state law. Or both of their money and assets.
My question is how is she or he/they impacted by taxes if property, money and assets are under her control through the LLC and trust?
Are there any tax concerns in this situation.
Next question, still pertaining to the first question,
she also needs to open a new bank account to hold the rest of the money until she decides how much to invest.
What are her options?
She wants to make their money invisible and keep it protected.
I suspect she needs a certain type of bank to handle and secure that amount of money? Am I correct?
Are there tax issues if he transfers the money to an account with her or into an account without his name?
I suspect their personal money can not be put into a trust and used for daily living expenses and also for investing.
Or am I incorrect?
Can you advise on these scenarios?
Can both if their names go on the living trust (?is this the correct type of trust?)
Or can only one name?
I want to say, the bank I use has many of my family members and friends of the family working their. I don't find it very private. Even though no one mentions anything, I do know that when I travel I must call the bank and let them know when and where I go so my transactions are not declined but also are monitored for fraud.
If I had 3 mil to put in the bank I would not trust anyone with that knowledge that knew me personally. I believe that's a good policy.
How did it all got started?
Yes keep fighting over the worlds limited supply of money in the hopes that you will one day be more wealthy that everyone you share the planet with!! Lol yall dont see the self imposed class war yall maintain by doing that huh?. . not very smart are yall?
A rental by me hides behind an LLC. So it's very difficult when say a fence needs to be fixed or they need to be contacted. Other neighbors also had trouble with contacting them for various items. The only time anything happens is when tenants change.
Great knowledge - thank you for sharing.
Is this applicable in Canada?
Learn about Real Estate Asset Protection from Clint Coons, Esq., and Toby Mathis, Esq. at our next all-day FREE Live Stream. Our attorneys and specialists will answer all of your questions: Save Your Seat: aba.link/e16129
Is there any way to reduce capital gains in Canada..will a lower income help?
Why are all these ppl commenting about another investment guru on telegram? Spam?
@@IggyArssie Yes! Spam and often a con job.
So what happened to honesty? Are you saying it's ok to hurt someone? there is a way he can't get justice, if you have the money you can do what you want and no one can touch you or your wealth, right? No wonder the world is full of evil people.
Are you a lawyer?
This is probably one of the most informative videos I’ve watched, great info for this new Relator 👍. Here in Louisiana everyone is a cash target for lawsuits. Regarding the banks, couldn’t the other persons attorney just get a court order (subpoena) to obtain the name of the owner?
in a court order i think yes, but as a google search no. Google searches are low hanging fruit. The nail that sticks out.... gets hammered!
Land Trusts are explicitly barred in Louisiana. the only state to do that.
Great information presented in an easy to understand format. Two thumbs up.
Mate, I’m in Australia so an site there’s some nuance to these structures that may not align, but I love the content and the way you deliver it. Keep up the great work! Despite not being in a position to have your advice be relevant to me, I stayed to the end and that’s rare 😅
If we add our LLC to the NICER Forgery Proof Permission Ledger Arbiter Interdiction Trust does that make it forgery proof too?
Yes it does and avoids inheritance hijackers.
You got my attention, well delivered. Understanding invisibility and asset protection is vast, what's the senaro for properties in Texas re: corp owned, better to setup new corp point to Wyoming LLC as member managed? what if the real estate becomes primary residence, what about homestead? Thanks very much
Thank you so much. You are so straight forward and don’t bear around the bush, i recently saw your video on LLC’s and Sole P., it was extremely helpful. Again thank you so much ! 💯
Thank you for watching our content, we are glad you found it helpful!
Informative, cogent presentation. Appreciate the time and energy you put into this video.
I appreciate that!
The video started off great, hooked me and kept my attention
time 17:11 the Act references: "On the lending side, Title VIII of the Garn-St. Germain Depository Act, "Alternative Mortgage Transactions," authorized banks to offer adjustable-rate mortgages. However, the act also had substantial benefits for consumer real estate owners, because it allowed consumers to place their mortgaged real estate in inter-vivos trusts without triggering the due-on-sale clause that allows banks to foreclose and collect the balance due on a mortgaged property when ownership of that property is transferred. This made it easier for property owners to pass real estate to minors and heirs, and also allowed the wealthy to protect their real estate holdings from creditors or lawsuit settlements."
I'm in love az
I'm moving to Texas next month. I want to close my CA LLC and open a WY LLC, and put my house that I'm purchasing into a Land trust. I have been flipping real estate in my CA LLC, but I want to set up my business with a layer of protection. How do we set up an appointment?
We offer free strategy sessions through our company, that would be an excellent place to start. andersonadvisors.com/ss/
This is great information. You explained it so well. I wish more people like you existed in the world. I wonder if cash holding is best in an LLC or a Trust? Thank you.
For both there is the tax consequences. Remember, the main idea is put yourself in invisible state for anyone but there is a price. Trust is expensive to have, the llc is another tax story.
@@klimankhmeron7636 That is the precise question I was left with - where can I learn about the tax consequences to holding businesses, rentals or investments in an LLC or land trust?
@@raddadrocks @Jason Himmel no college no youtube for sure. It must be mostly a work experience, in the mid to big size companies. However, which taxes you want to learn I can only hint with the US and US states.
@@klimankhmeron7636 I’d like to learn about the tax consequences in Texas
Yes keep fighting over the worlds limited supply of money in the hopes that you will one day be more wealthy that everyone you share the planet with!! Lol yall dont see the self imposed class war yall maintain by doing that huh?. . not very smart are yall?
Toby, thanks for this! Super useful info! Are these things I can do myself (set up a trust for rentals)? Or should I get a CPA/attorney/estate planner?
We recommend seeking professional help. Let us know if you are ever interested in our services 👍
Great information. Would be good to know if this works in the UK. Does transferring assets into a Trust of LLC mean that a capital gains tax is triggered on transfer of the assets?
What an eye opener. Really great information. Mr. Mathis, what state do you reside? 👍
Thank you for this wonderful video on how to protect our assets. Clearly explained. Once again, thank you very much!
Glad you enjoyed it! Thank you for watching!
Thank you for the formula. I suffered a "trip-and-fall" accident and settled recently, and wondered how the lawyers settled my case. Working through the formula, I was able to make a decision as to the settlement I wanted without signaling the lawyers to settle. I plan to invest monies I receive from the settlement for serious investing opportunities. Again, thanks!
I hope you’ve finally learned to walk. I wish you all the best Ed
Hey Toby, great video! I have a question about rental being in the Last Trust vs. LLC - who's paying taxes on the rental income, if Land Trust does not list beneficiaries? The same goes for a rental box LLC owned by another LLC in Wyoming?
Wish someone in south africa will post on your topic. Brilliant to have a professional on your side. Thank you
Remarkably detailed and well presented. You are on my inner circle list.
What's the difference between, or what's the importance of a Land Trust and a Personal Property Trust that holds valuable collectibles or precious metals or art, etc.? Can non-land assets be held in a Land Trust? BTW, great presentation, Toby.
Beware of trusts. I have personal experience. If you out your home in a trust, they own it. They decide everything and they tell you they own it if you disagree. Also you have to allow them in to do inspections etc.
Both land trusts and personal property trusts are grantor trusts. They are essentially the same except for the type of asset they hold. Lawyers are not very exciting so we call trusts that hold land "land trusts" and trusts that hold personal property "personal property trusts"
Pretty funny for me to listen to your video because: Having a masters in business and owning a contracting and investment comp I've been doing all this for 25 years. Loved listening for sure. 👊👍
If I may, have you ever been sued, and a judgement made against to pay a financial amount to a litigant, in these 25yrs?
If so, what was the result, briefly?
Those that have the money have someone that knows this. Those that don't thanks putting it out there!
Awesome info!! I'm in Canada but learned alot here and will find out what's possible for here to hide assets. Thx sooo much 😘 💓
Thank you for sharing your professional knowledge in a concise manner in a single video 👏! I definitely plan to put this knowledge into action. Thanks again!
Great information! What if you already have multi-unit rental properties that have associated debt in LLCs but your name is currently listed as the statutory agent and/or member? The lenders have said they will charge thousands of dollars to transfer the loan into a new LLC name that is structured with a new statutory agent/member listed so as to not be in our personal names -- what is the best way to structure things at this point for asset protection?
i maybe over-broad here, but generally.. transfer title to a land trust, owned by a wyoming llc (non-disclosed owner/beneficiary)
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
For personal property that I've lived in over 5 years, does a land trust In GA allow me to take advantage of Homestead Exemption tax benefits as well as school tax exemption (over 65)? Thank you!
Yes. You will likely need to provide the county with the trust document when you convey the property.
Excellent video! I took notes and will get some things changed. I really appreciate you sharing this information.
This was amazing! If I’m ever in a position to own a business, rentals etc… I’m hiring you! Thankyou, I would never have even thought of these things!
Thank you for watching!
This is beautiful 😍 ...own nothing and control everything!
Thanks toby! Excellent content. You are a very good teacher.
Glad you think so!
At 9:00, when you said that, all I could think of was the 1990's McDonald's Hot Coffee Lap Burn lawsuit. Multiple parties were at fault!
wow! Thanks for this info.
Any questions:
tbh what was that stuff about the homestead exclusion and texas, and stuff? That wasn't very clear for me.
I was going to give this video 3 minutes but watched the lot, clear and informed I look forward to more presentations.
Just found you, this is great! I have had concerns and you really helped me understand where I might start, thank-you.
We are really glad to hear that this video was of help to you, please continue to watch our content as we have more great videos too.
Hey man
I love this guy, thank you for the great in depth explanation
Great video Toby, thank you. I would like to see a step-by-step video on what someone would do if they won the lottery, how they would go about obtaining Security Through Obscurity, how to find/interview the right lawyer and or firm, fiduciaries vs accountants. I was P.I. in the Great Lakes for about 15 years, so, to use jargon from my world, how do I become "The Wealthy Grayman".
you have to win the lottery in a state that allows anonymity first of all...
kinda niche
Thank you. Please discuss negative gearing.
Regards,
Geoff. Reeks
Thank you so much for your suggestion.
Thanks Toby- a lot of info in this 30 minutes. Do you have any written info I could review covering the same information?
Toby this is an outstanding video because you immediately got right to the meat of the subject with no wasted words. 👍👍🇺🇸
Thank you, we are glad you enjoyed the content!
Yes keep fighting over the worlds limited supply of money in the hopes that you will one day be more wealthy that everyone you share the planet with!! Lol yall dont see the self imposed class war yall maintain by doing that huh?. . not very smart are yall?
im seeing what ur putting down counselor...very sharp. thank you
We see Anderson Advisors uses the Dangerous Easy to forge estate plan documents Trusted Advisors refuse to use putting their clients needs ahead of their own with forgery proof documents.
Thanks so much for the information. Great Video. I just became a subscriber because you were clear with great examples, and you speak at a pace and tone that is conducive to a layperson's ability to understand and grasp the concepts.
You started to get into what happens, for example, when you apply for a loan, but the video ended before you could explain.
QUESTION..... If I want to get a loan but all of my assets/worth is hidden in a trust or LLC, can I still claim these assets as my personal wealth and use it on the loan application. If so, how would I show it?
Thanks
Hey Toby, this was great information. I have 3 rental properties (located in Ohio, Mi, and MD) and a relatively high net worth home in MD. Do yu recommend 1 LLC for all the properties or a separate LLC for each one? I have about a 2.5 million net worth. Do you recommend a 2.5 million net worth umbrella liability policy (plus 30% to cover lawyers' fees) or a different amount of liability protection? I am retired since 2015.
JM
I would also like to know this answer to Jerry's question.
Yes. I am in a similar boat. You want a big umbrella policy to cover all assets.
I would start by not broadcasting your net worth on the internet.
@@DavidKeltgen there could be 1 million Jerry McConnels in the world
@@ElleKay4Life how many over 65 that own properties in three states?
Thanks Toby for this great information! I was wondering what is the smartest way to apply this when assets are being pooled by one or more family members?
Yes keep fighting over the worlds limited supply of money in the hopes that you will one day be more wealthy that everyone you share the planet with!! Lol yall dont see the self imposed class war yall maintain by doing that huh?. . not very smart are yall?
Toby, you’ve been Rip Roar’n lately! Awesome 🦁💥
Glad you're enjoying the content
@@TobyMathis awesome information! Wish I had this information in 2007. Lost everything in 2008
Subscribed , great content! Any advice for expats in dealing with the USA wealth confiscation thugs?
Toby, thank you so much. I enjoyed your presentation on tax planning and getting your house out of your name and other real estate accents.
Glad you enjoyed it! Thank you for watching 👍
Is this correct?... My understanding is that if you put your house into an LLC, it's protected from third-party lawsuits/creditors. However, if you google the homeowner's name, the primary residence property will come up as under a corporate title.
1. yes to everything you said;
2. 30 years ago, my PI told me he had access to over 200 data bases. His brother made a bet with him - $1000. The bet was that my PI could not find out whether brother lived (CIA employee). Within a day, PI had a report of the last 10 years of residence addresses.
3. The best hide-the-assets target I ever met was an anesthisiologist. The insurance premium was too high. His children owned the home via a trust. He rented a room as his office. The simple car was leased. He only took business from a hospital that would pay him on the spot.
4. The second best target was a pitchman for a series of car dealerships. He was divorced and owed a lot of money. He would come to the dealership, make the pitch, get paid and leave. Having a levy against him was useless. The dealership did not owe him money and he was not an employee.
Hi! I'm in California: If I incorporated my home/residence here in a Wyoming, LLC, wouldn't I have to also incorporate in CA (and/or pay a fee to CA for that)?
Yes. They would want a franchise tax. There are a couple of tools to avoid much of the hit - for example a WY statutory trust or a disregarded LP (yes, I said that right and it does exist).
The IRS and State Tax Agencies can find out about your bank accounts and loot without Due Process. This is what happened to me when I went to my bank one day and found a lot of missing money from my Checking Account. No Due Process was involved. Also, you can't sue the State or the IRS, they will claim immunity.
The process is called taxes?