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Crazy you can spend several thousand taking care of a parent, have to pass all the rules...just to get a $500 deduction. If you pass the rules...should be able to deduct all that you spent...or at least 80-90%. There are rules on what you have to report in income and if you meet the rules...you have to report 100% and pay taxes on it. Well...the reverse should be the rule.

it’s pretty bad there has to be a law requiring children to take care of their parents. In most civilized countries family just automatically take care of their elders just because it’s the right thing to do but Americans need a law to tell them cause they don’t want to do the right thing. really sad.

I this a class room or a dance hall with loud music?

I MAY NEED YOUR HELP

I’ve been thinking about setting up a trust for my family, but I’m confused about which assets should stay out of it. I don’t want to make any costly mistakes

401K and IRA not okay to move to Trust, but I'm assuming that Roth IRA is okay?

Does a Florida trust live beyond the death of the maker of the trust, or do the assets need to be distributed by a certain time frame ?

Thank you for the valuable information, great video!

Omg seriously, what is the background music for? So distracting.

Can executor of estate still purchase homeowners insurance for property If the homeowner did not have insurance when he passed

Your video is very good. I found your video through TH-cam search. Go ahead, I'm next to you😊

I enjoyed this video. Good overview of things executors need to be concerned about.

I enjoyed this video. I don't think people talk about naming the trust. Great topic.

Great video! You highlighted key points that no one else mentioned. Thank you!

Can you place your investment portfolio in an irrevocable trust. Also, what if you do not qualify for Medicaid because of your income.

Thank you!

i am 71 single retired worth around 50 mil i retired around12 years ago i also bought myself a private jet and a small winery in italy,i have one daughter whom i have not spoken to or seen in over 30 years. however she found out i sold all my farms in calif almost 7500 acres. she got a hold of a attorney and said she wanted her inheritance asap i told her attorney she is not in the trust it says i am not providing for her or her husband whom i have never met her mother also got into the act lol who has been remarried for over35 years,she lost in court and she had to pay my attornies fees so i have moved for good to italy5 years ago just so they could not ever find me again, i have also changed my citizenship. so she got t a hold of my attorney a while back demanding to know where iw as, he said i think he moved to nigeria but he was not sure, my new problem is i have no one to leave things and money too, i have dated a few ladies over here but if they have kids im not interested in more problems, they have no clue what i am worth.i drive old 1935 fords but with modern engines and interiors and look nice. my new trust in italy is a revocable trust.and my daughter is not to be notified on my passing, after changing my citizenship i was informed that i can not comeback to the u.s. which is fine epically now i love it here. my question is what do i do with the estate and money? im not into religion so not interested in leaving it to any church, any i deas?

You background music sucks big time; silence is golden.

Can I do both ?

Hi I have adhd and my family is trying to exploit me I’m homeless and my father was a rental realestate millionaire

Exception: your only heir is qualified as a "special needs" person. Then create the trust as a 'special needs trust' and put the IRA or other retirement funds into it. The tax rate is then only applied to the earnings from those funds, not the full amount of the funds.

Is it normal to not hear from our lawyer for a month or so after she has started our probate

I never knew about home hospice care. This was quite helpful.

If holographic Wills are legal in Southern California, why are they so difficult to prove in court if it was signed by the deceased person ? Everybody thinks it's fraudulent when it's not .. I just found out that every attorney has their own handwriting specialist, which is not even good .. They only do it for the money 💰

Toward the end of the video, you stated that the name is changeable because it is a revocable trust. Would that also require us to have all of our assets retitled to the name change and maybe trigger a taxable event?

thank you. Concise.

Great info. Lost me with keeping the investment account out of the trust to insulate from lawsuit.

Very interesting. I live in Scotland and we have a new UK government who should really hear this.

When I was in Alabama this was something conservative radio was always complaining about. Radio personalities kept talking about the unfairness if it all. And so many regular folks kept agreeing, not understanding that estate tax only applies to those who will leave a huge chunk of money. And it is only fair. Folks should not get a head start on the efforts of mom and dad. That's the conservative way.

The attorney who created my revocable living trust years ago is older than I am and his office is a long drive from my home. I will call him Andy. I am thinking of up-dating my trust & will. If I find a new trust attorney near me-what next? I have a copy of the trust which I last updated in 2014. Do I just give him that copy and tell him what changes I want made? Do I have to contact my present attorney-"Andy"? Or does the NEW attorney do that? Or is that even necessary?

Thanks for interesting info. But please turn music down on next video. I am trying to listen what you say.

Great advice but please remove the music from the background. It is extremely distracting from the content.

There is a lot of SPAM, financial advisors looking to make money, on your comment section. Any time one person says how well their portfolio is doing, and another asks, so who do you use, then the former gives a name, it’s spam!

Music so loud and disturbing must be very very soft in background or without is better so we can focus with you

Proving fraud on the court in California

Fake legal system that works for Satan with TH-cam and media!

Why my ex husband has a POA since 2003 of me to him? I went to the county to check all documents filed in the county during my marriage. I found out this . Of course he lied to me , can I revoke it ? I am in California

Is it a big deal if my name is Christopher Smith and I name my trust the Chris Smith Living Trust even though Christopher is on all of my government documents?

How should I set up my own Living Trust?!? Where to go or who should I go to? 🤔

I just suscribe! Im learning so much from you! Thank you so much!

The music is very annoying.

hi, thanks for your helpful video.If I only want to change the TRUST name, and I Have the word document from the lawyer who made our trust,can I just edit the TRUST name, print it out, sign them and change all the assets to that new revocation trust name?I don't see why I need to hire a lawyer to just get this simple step done. Thank you for your advice.

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for...

We placed a timeshare, one week, into revocable trust. After listening to this video, don’t think it should be in trust?

I appreciate the concise content!

My sister left me as beneficiary on her Vanguard traditional retirement account. But she owed Medical and care home expenses.....is it protected because she named me as the beneficiary or will they take that money?

For a jointly held bank account, it it better to add the trust as a beneficiary or add the children directly as beneficiaries? Or does it not matter if it is a straightforward trust that goes to the kids anyway?

Did I understand correctly? I should list the trust as a secondary beneficiary on my bank and brokrage accounts? Why does maintaining the account jointly owned offer the most protection? I was thinking of doing it this way, but I wanted to be sure.

Do you take clients all over the state??

Music is so distracting.. had to end video after 1 min.