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Where do you get 10% compound interest?!

Thank you

Awesome!! Thank you Law Mother. You're THE BEST!❤

This old man says the first mistake is thinking hiding from widows and orphans and running from slip and falls limits your liability while anonymity thieves steal your grantees legacies.

how much should you have per person - I think the lowest here is $16k coverage, but it does cover if your car is broke into and they take money or inhouse non-car related items.

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Really depends on jurisdiction.

Why is the judge Drew Barrymore though

The USA is ridiculous. In Australia if it's willed to you, as long as it was paid off by the deceased person, you own it then straight away

A transfer on death instrument keeps it out of probate, too.

Living Trust will take care of you

As a single parent, my largest asset is my house. When I die, I would like the value of my house to be their gift split four ways whether they sell it or somebody buys the other one out I mean, that's really what I've got to offer them what's the best plan for me? It's kind of confusing, I'm really not anticipating having any particular other great asset for them. It's really the house that has to be split four ways. They'll do well that's where the money is. Can you help me?

Does this depend on the state? We didnt havr to do this for my MIL?

Can you deposit that money in a bank or buy things or pay bills with that stay at home money? Sign me Up!....

what's with the wonky audio 0.0

Yep. I can't afford to leave my mom job, I would never be able to afford to replace me so I could work a different job. 😅 the cost of daycare alone.

They do, where it becomes an issue is when they weaponize it against their spouse.

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I wish all kids could have one stay at home parent. Depending on where you live, it’s nearly impossible

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I want to know more of real estate and laundromats 😊

So, if my son is 5, I can take the money now from 529 and open him a Roth IRA and contribute to him now? Even though he doesn't have any earned income?

can you please be more clear? I like your videos though

Your skits are the cutest i watched it twice😅

How do you put everything in your trust? Do I need to find an attorney first to create the trust name? Then title my checking account in trust name? Seems complicated. Help Law Mother!! ❤

I think it's best that a child have a continuous caretaker, whether it's the mom or dad or a Nanny. It's very important.

I wonder if we can come up with a better way? When you sue, insurance raises prices across the board to pay for the loss, so you are suing yourself and everyone else. - regardless, insurance and hiding your assists in other ways is funny business - I guess this is called spreading risk - one of the big problems is a lack of justice - turns out some crimes are cheaper to write off than to seek justice. On a large scale see Fight Club and his story about vehicle recalls. Insurance is funny business.

Ty

Excellent video!

I follow law mother, and so should you.

What if you don't have a business?

Being an anti social peice of shit with no ethics or morals is fun, and profitable!

I‘m not in Texas!

Government bribing you all to keep acting like my boot straps are not broken. Let me just hop on over to the financial instrument store and deduct away those taxes so I can afford to pay my mortgage, defunding the government was so gosh darn simple... For the land owning class.

Please have a professional guide you step by step. It's so easy to screw up and end up paying income taxes 😂

Why cannot you dictate that the money will be deposited into a bank account in your child's name (trust), where it sits until s/he becomes an adult? We have those in Europe.

This is why I have a holding company for my LLC.

I'm sure you have the proper paperwork and licensing as a landlord and a separate llc for the house so you don't get hit with income taxes on the property. If you're own attorney and/or accountant doesn't do it, you don't do it.

Ikr? Then you need to continually offset the income with rental property repairs!

Yes, but then you have rental income to report on your personal income taxes, no?

Content is kinda shit of your making your husband out to look stupid. Whats the point? Lol your talking to him like he's a child.

I love LawMother.❤

My husbands mom died her millions $ went to his dad, ok. Then dad remarried, and all the $ that had been the mother's goes to the step mom....well, OK? But. The stepmother died a wk later, and her children then got the accounts that belonged to my husbands mother. The stepkids of her widow automatically get her family money- ppl in no way related to her whom she had never met. Her own children are left with nothing. Of course my husband and his siblings took them to court. So now no one can have it until court decides and it will probably be in court til after all of us are dead.

Nooooooooooooooooooo! lol

Probate is usually required when there is no Will. Having gone through Probate before, though, I’ve found probate judges to be fair and considerate. In a situation like this, the surviving custodial parent is more likely to be granted award of the child’s estate and rights to manage it on behalf of the child. The only way this wouldn’t happen is if Aunt or Uncle or say a Grandparent could prove these were not the wishes of the deceased parent or that the mom was not the best choice to manage the funds on behalf of the child. Of course those individuals would have to prove their case in Court.

Thanks Law Mother!❤

These trustees should have fiduciary duty to manage the money in exact accordance with the wishes of the deceased. And failing that should incur punishment.

Great, very helpful. Question on keeping my business separate from my personal finances: I purchased my web domain before I filed as an LLC. Could that get me in trouble? Do I need to somehow transfer ownership of the domain to my business and reimburse myself?

The most unrealistic thing about this is a hair solan generating 100k in profit