I really learned a great deal from you. It really makes me wonder why probate is even necessary especially in my case both parents are deceased and load out of will long before me and my brothers had children. Now moving forward both parents are deceased and both brothers are deceased, leaving just me. I had two adult sons and each brother has an adult daughter. One brother's daughter has two children. I'm still saying my mother and father purchased this house in 1972 and only left everything to myself and two brothers. Tom said change the government may have changed, my parents wishes were not changed and no there is no will that has been notarized or witnessed by two people. I really dislike all this is causing me hell. Thank you though for the knowledge you have given me.
Thanks, very helpful. My mother used some of these techniques, and for the most part they worked. One that didn't, she put me as JTWROS on her house. I had to pay a bunch of capital gains taxes.
I live in Oregon currently. Please refer me to a YT channel or website where I can access the same information for Oregon laws. I am currently going through probate as a PR but want to avoid putting me two children through this when I die. I am considering moving to Washington in the near future. Nevertheless, I need to draw up my own plan for these issues as soon as possible. Thank you.
Instead of going to youtube I'd just reach out to a lawyer for a consult. And, though I'm not licensed in OR, I can tell you OR law is VERY close to WA law - what you hear here is going to carry over there (except the estate tax exemption info - OR has different limits).
We see touting of Revocable trusts by lawyers but few drawbacks. What is the effect on ad valorem exemptions (often a big tax discount - for personal domicile) by transfer of a residence to a non-human [fictitious entity - cite cases]?
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What a great informative video. You made the info understandable. Great job!!!
Thank you!
I am grateful to learn these things. This is a public service. Thank you.
Glad you liked it!
I really learned a great deal from you.
It really makes me wonder why probate is even necessary especially in my case both parents are deceased and load out of will long before me and my brothers had children. Now moving forward both parents are deceased and both brothers are deceased, leaving just me. I had two adult sons and each brother has an adult daughter. One brother's daughter has two children. I'm still saying my mother and father purchased this house in 1972 and only left everything to myself and two brothers. Tom said change the government may have changed, my parents wishes were not changed and no there is no will that has been notarized or witnessed by two people. I really dislike all this is causing me hell. Thank you though for the knowledge you have given me.
What's the difference between joint tenants and tenants in common?
I'll make a video on it today!
What can you do with things like cars, boats, expensive toys, tools and such? Thanks for the video.
Thanks, very helpful. My mother used some of these techniques, and for the most part they worked. One that didn't, she put me as JTWROS on her house. I had to pay a bunch of capital gains taxes.
You should not have had to do that. Talk to a CPA. You might be able to get those back (unless there was appreciation AFTER death).
Thank you so much; This info is hard to come by.... God bless you.
I live in Oregon currently. Please refer me to a YT channel or website where I can access the same information for Oregon laws. I am currently going through probate as a PR but want to avoid putting me two children through this when I die. I am considering moving to Washington in the near future. Nevertheless, I need to draw up my own plan for these issues as soon as possible. Thank you.
Instead of going to youtube I'd just reach out to a lawyer for a consult.
And, though I'm not licensed in OR, I can tell you OR law is VERY close to WA law - what you hear here is going to carry over there (except the estate tax exemption info - OR has different limits).
Very, very clear, concise and informative topic. Thank you.
If a mortgage has mortgage protection with listed beneficiaries can the property avoid probate?
No. The mortgage doesn't have much to do with the transfer of ownership of the property.
Informative & you're easy on the eyes.
Not all states offer Transfer on Death deeds.
We see touting of Revocable trusts by lawyers but few drawbacks. What is the effect on ad valorem exemptions (often a big tax discount - for personal domicile) by transfer of a residence to a non-human [fictitious entity - cite cases]?
Rock chalk KU. Saw the basketball in the background
Why is avoiding probate in WA state not a good idea?
Good job . Thx.
dificult to hear ,,,poor audio i had to end
Sounds ok. U have Poor hearing!