After my dad died and my mom had a little Money. I told her mom go out and buy yourself some new furniture . Buy a nice washer and dryer. Go to bingo everyday if you want to. My mom scrimped and saved all her life because we were poor. When it was my birthday I honored my mother because she carried me for 9 months and gave me life. When she died I was devastated. She left a couple thousand dollars to me and I couldn't even spend it. I kept thinking about the time she could have used it when I was a little kid. But she did go out and treat herself to New furniture and did spend most of it. She had a stroke and I was there every day. I didn't even think about my job. I thought how many times she sacrificed for us. Please be good to your parents. They gave you life.
I know how you feel. My mom lived with us the last 17 years of her life. When she got sick i didn’t hesitate to care for her. I was honored to see the woman brought me into the world out of this world. My brother who did nothing in the last 17 years for her. When she needed new tires i informed him she didn’t have the money….crickets. My husband I cover 60% (all we could afford). Over the years i provided for her as she provided for me growing up and a few times as an adult. Do you know he took 1/2 her insurance after burial expenses, but he did let me keep all funds from the sale of her car ($3000 after my expenses waiting for probate). Wasn’t super nice of him? Forgot to mention her insurance was only $25,000 after expenses. I’m feel greedy, but if the roles were reversed I wouldn’t taken half, if any at all.
I am an only child and my parents have been advised by their lawyer to make sure they have a living trust and not just a will. My mom literally said to me: “we don’t want to put you through the nightmare of the courts”. Their lawyer is a knowledgeable person and Toby thanks for explaining everything.
Yup. Don’t get a will. I’m going through this with my now deceased father. I just pulled out because I’m pretty fiancial stable and my dad had all this debt. That the probate lawyer told me it’s not really worth paying all this money for very little return. I respectfully dropped her services and my narcissistic brother can have the few thousand that will be left over from our father’s estate. To me it’s not worth it. It was a horrible basic will.
My mother-in-law had a trust and when she died, it was really hard but she had a living trust and all we had to do is open up the book and follow the instructions. It was so easy. I want to thank her for making it easy for my wife in this trying time, it was so easy I believe in living trust everything worked out properly. It was just perfect.
My Dad and Mom had a Trust that cost us 50% in Litigation because they didn't use an Administration Lawyer to fund, record, monitor, validate, certify, and a dozen more steps to avoid the Estate Planners mistakes.
Ha Ha very funny there are dozens of complex steps in an Inheritance Administration you need a NICER approved Forgery Proof Inheritance Administration Lawyer to perform to avoid the dozens of mistakes the estate planners are adding up.
I just went thru this nightmare, my father had a lot of assets. My brother and sister thought it was going to be a free for all and were shocked to find out he had a living trust in place. Great video
We love this station and looking forward to information about Notary Index Crime Enforcment Regulatory and Sheriffs on-call to arrest Estate Plan forgers, Trust counterfeiters, and Power of Attorney financial elder abusers.
My dad passed away last December. He mentioned he wanted to go get a living trust done, but unfortunately he got sick and passed away before he had a chance. We are still in probate court and it's been a nightmare, not to mention expensive! We have been paying on his house for almost a year and just received the right to sell it from the courts. Get it done sooner than later folks, my dad thought he had time but you never know!
@@TobyMathis I have a similar situation, my father had been prompting me to set up a special account; the last 5 years saying that I have an inheritance, & so it doesn't affect my Social Security disability and Retirement income. I looked & only thing I found was to put it in an educational savings account for a time & amount dispersement; Is there anything better to secure my inheritance without pay taxes, or affecting, lose my SSDI INCOME!? ALSO my sister's KEPT ME in the dark, not inform me of anything till after. NOW there trying to lead me to believe there is no WILL; that DAD WAS BROKE, & THEY HAD TO SELL EVERYTHING TO PAY HIS BILLS and I was MIA (missing in action for so long, & not keeping in touch) they my two younger & one older sisters "didn't want to be responsible for ME. Tried to find some Legal advice FOR HELP. All Attorney said "to find out if Will was in Probate" couldn't find anything,
I live in Florida and see end of life greed from kids who swoop in like vultures after never helping with their parents in their elder years. Their greed is disgraceful
You're correct. I recall my children attending fifth grade in an Affluent school. It was very common for the children in the school who all seem to fit a certain image, to brag and declare how they couldn't wait for their parents to die so that they could have everything. Absolutely disgusting. But I wonder they were likely a reflection of their own parents
@@HeartLatic sounds like boarding school mentality for teens. Never heard of this in 5th grade before but they are corrupting children at younger and younger ages with their agenda.. sick and sad
How is content like this just sitting free here on the internet? This was AMAZING!! Life changing even. I've never heard anyone articulate how to nuts & bolts build a legacy. The thought has always been desirable but intangible. You made it plain. THANK YOU!!! This was the answer I was looking for.
Don't forget this is the first step to mentor grantors, referee grantees, fund, amend, validate to avoid Estate Plan forgers, certify to avoid counterfeiters, transfer titles, defend grantee beneficiaries, distribute forgery proof pink slips to title deeds and about 15 steps to settle a NICER Latin Law Crime Interdiction Administration So Drew Barrymore and Sher's heir gets their shares.
I am a young accountant (just graduated college and am working towards my CPA) I just want to say that your content is wonderful and that your breathe of knowledge is something I am going to strive for in my career.
breadth OverviewUsage examplesSimilar and opposite words Dictionary Definitions from Oxford Languages · Learn more noun the distance or measurement from side to side of something; width. "the boat measured 27 feet in breadth" Similar: width broadness wideness thickness span spread diameter beam wide range or extent. "she has the advantage of breadth of experience" Similar: range extent scope width depth amplitude extensiveness comprehensiveness all-inclusiveness spread sweep reach compass magnitude scale degree Opposite: narrowness limitedness DATED a piece of cloth of standard or full width. plural noun: breadths@@liagarden
Young man, my wife and I have the living trust which our lawyer set us up with it. We have a house, CDS, and money in the stock market. We are now 82 and 83 and retired. We started putting money away when we were married 1963. Reason was I started it as I grew up in the early 40’s on a farm, things were really,really,really tough. Now we are well off and now started giving money to our daughter and two granddaughters.. Great presentation.
Thank you for explaining Living trust versus Will in a very clear way. I have never heard explained as simple and as you'd done. This is going to be a game changer for a lot of people listening to this.
Don't do it. It only benefits the attorneys. Almost 70 percent of living trusts are never funded. Meaning the trust is like a shopping cart and your assets are like the products you put in a cart. Everytime you buy an asset, or sell an asset, guess what..the estate planning attorney or CPA will charge you to update the trust and it is not cheap. Furthermore, if you try to say get a mortgage but your securities at a brokerage are held in the trust you will have to get a notarized ($$$) copy of the trust not just show them your statement from your brokerage.
@@ksmith2852 Thank you for voicing your opinion. I disagree, but get where you are coming from. Lawyers make billions (with a "B") from probate fees. According to studies, including AARP, the average costs of transferring assets via probate are in the 15-20% range. There are also things like financial & health matters during your lifetime - both of which are also addressed in a living trust. Even unfunded, a living trust is better than a will as there is still a pour-over will included in a living trust that dumps everything into the trust. What it eliminates is public disclosure of what is going to whom as well as the litigation between beneficiaries. Too much here for a simple response, but suffice it to say, I disagree.
I knew some of the information about Living Trust but not all, it was mind blowing to find out what you can do with a living trust and I really don’t think my dad knew that too because he left it to my sister and my niece and my sister (niece mom) took everything & still complained. There was provision for all his grandchildren but my sister turned around sold all the property and put it under her name because she was the executor. Now everything is gone, no one has anything and she even convinced her siblings to give her money because of property taxes which she pocketed. Greed beyond imagination! Thank you for this information, I will definitely look into this!
She could have gotten in legal trouble as executor for not following the will. The executor is responsible to fulfill the wishes of the person whose will it is.
Toby, been watching you for years and learned a lot. But this is probably one of the best videos so thanks for some of the suggestions! My mom's one asset was a house that was purchased in 1977 for $40k but sold for $1.1m (California) when she passed last year with the proceeds sitting in a specialized account until distributions are made. She had Alzheimers but she passed peacefully in her home as outlined in her AHCD which was part of the set of legal documents she had set up in her living trust. As the trustee of her estate, I am witnessing firsthand the grief and greed that you so aptly described. The beneficiaries are pulling out the stops. One beneficiary asked for their distribution immediately after mom passed, another contested the trust, and the last has filed a petition to have me removed claiming I had undue influence over her when she named me the trustee. But the trust was set up in 1979 (updated every 10 years with me named as the successor trustee every single time) when she was of sound mind so the net effect is that legal fees can still drain the trust by belligerent beneficiaries. Yes, those legal fees will eventually be recouped at their expense. It's stupid though. My mom would be mortified if she knew what was happening.
Very sorry for your loss of your Mother. I am and was a trustee for several people & family members, the greed I see is beyond belief! And yes, it is so very stupid. And yes I got accused of influencing, but the funny thing was when we had asked the greedy beneficiaries to help me as trustee to take care of the person so they had an idea of what was going on and could be paid a wage from the estate (and end up getting more money in the end than the others because they were being paid out of the same pot), not a one would step up. They wanted the money without the work. LOL...greedy, lazy and stupid...just unbelievable. Take care of yourself.
Thank you very much… This information came right in time!!! My mother passed away without a will or a living trust!!! And I’m sad to say that my brother is a practicing attorney of over 30 years! This should have never happened!!!! Im a nurse of over 35 years and when I constantly spoke with her in reference to her affairs she always said “she had a will”… Thank you for your service!
Excellent information, our family is fractured now because of a will that was changed days before dad died. Resentment, envie, and greed motivated a couple siblings to prey on his despair and get him to change his will. My wife and I will set up a trust for ourselves so our heirs don't end up going through what we experienced. It is beyond my comprehension why siblings plot to hurt one another, but the love of money does funny things to people.
Amen it is sad people fight over things that can be replaced but the loved one dying no matter what their past is like you cant replace a loved one simple and to fight over it is sad belonging dont replace them the love they gave you and memories are the key to healing your heart and keep a loved ones memory alive
Hi Mark! Sorry, you experienced such heartache and broken relationships. I pray one day your family will realize the foolishness of their ways and seek reconciliation. PRAY! God's word does not leave any room for excuses, "The love of money is the root of all evil!. Your heirs will thank you. Blessings, Karen
I know the feeling, im on my 2nd dealing with thievery in my family. 100s of thousands were stolen and last wishs not fulfilled. Its so important to have your affairs in order.
@@4wchitstands Sorry to hear that John. Don't get too caught up in it. It took me down a dark path for months. I am doing better for it, when I accepted it as a blessing and a lesson. Unbelievable how much abundance we have been blessed with since we had been taken advantage of, but God answers prayers when you show gratitude. Try to be thankful for all life's blessings, even the negative ones. Let go and move on, or it will consume you.
I think it's important to define the differences between revocable and irrevocable trusts... specifically the ability to shield assets from consideration regarding Medicare and nursing home costs.. please consider including this in future videos
I had to watch this a few times to make sure that I wasn’t missing anything. Thank you for breaking this down so that anyone can understand how to protect their family. Great video!
I live in NJ. A few years ago, my dad set up a revocable trust. We went to a local estate lawyer. His will got updated & everything-his home, stocks, etc.- were put in the trust. It wasn't hard to do & overall, it didn't cost that much, under $2k. Our family has peace of mind. When my dad passes, it will be a very emotional time for us. His estate will be be settled quickly. All the work was done while setting up the trust while dad was alive.
Sir, you are a BLESSING!!! My wife and I have been praying, and we have a Prayer Circle on our Ranch that we go to 2 to 7 times a day. I went there this early morning to beat this intense extreme hot(106°) weather. I watered, planted, arranged, and walked the circle praying for answers...I GOT IT, THROUGH YOU!! I came inside to shower and nap, then I pulled up my TH-cam, and your/this video popped up and stood out to me...at 1st, I was like, hmmmm, no likes, but tons of positive feedback and comments. I played it loud as I sat to eat lunch, so my wife could hear it too. We were at PEACE and CALMNESS came over us. Your genuine servitude, professionalism, transparency, and love for TRUTH is very evident, sir, and for that, I thank you, man to man. We have a 18 acres Ranch in the Texas Hill Country, built a 2 story Barndominium, and have a 2 acres stocked pond, plus 4 German Shepherds, 120 chickens and roosters, 17 ducks, and multiple raised Vegetable Beds. My mom and her brother STOLE my INHERITANCE that my dad left for my sister and I when we were 5yrs and 4yrs old, he was a 2 time Purple Heart medal recipient, and he loved us, I REMEMBER!! Long story short, he left everything to us in his WILL, but somehow, my mom assumed the role to dole out my sister and my FORTUNE, and USE it on herself and her new husband who physically abused and beat me naked on drugs listening to demonic music. Then my grandfather who took me under his wings, left me his fortune too, because I was 1st born, and I helped him clean up his rental properties and small lots around town, as my sisters and cousins MOCKED and LAUGHED at me because they saw HARD WORK and NO PLAY on the weekends A LOT. Fast Forward, my grandfather came down with Alzheimers, but before he lost his senses, he PROMISED me that he was leaving it ALL to me. Once he died, they buried him immediately, and TOTALLY SHUT me OUT, and Never Answered the phone and said that I wasn't allowed to come to their Mc Mansions. I was confused, angry, lost, and CRUSHED, because didn't know what was happening....NOW I DO!!!lol THANK YOU!!! What can we do to work with you on our LIVING WILL?🙏🏽 Father God Almighty, please continue to bless this humble giving gentleman who is freely giving crucial information and explanations from his BIG HEART. We pray he will experience a hundred, thousand fold increase in his business opportunities and clients, in Christ Jesus name, amen🙏🏽🤴🏼🙌🏽
The best ... stumbled here while switching bewtween 360 videos. I always wanted to do this. Been giving away $1,000s to family, strangers and organizations for years "just because..." This can help with my legacy versus giving 5 figures to my "beneficiaries."
This viedo is so beautifully done, I like the fact he called Aretha Franklin, Mrs. Franklin..showing me that he really care about legends and legacy. and taking care of your assets when you leave this world..thank you sir you are a blessings..I am running not walking to see a lawyer about a living trust for my family.thank you with all my heart😊
In California if your estate is over a certain amount they take something like 58% for probate. My best friend growing up lost Millions before they got done because his parents refused to put anything in a trust because they thought somebody would steal the trust from them and other silly rumors. They have four houses and a total of six million dollars in the estate. There was only him and his brother the brother who was causing all kinds of trouble. They had two boats but his brother wanted both boats stuff like that. Before probate was done a 6.5 million dollar estate dwindled down to 1.2 million each for the brothers. You better get a trust combined with a will.
I’m a paralegal probate law you are so right! Living Trust is the way to go. Lawyers push Wills but the cost before & after is $$$$$$$$$ and the effectiveness of a Will is almost nonexistent.
I have a question for you my grandfather passed away a couple months ago. He was living with his girlfriend for 25 years they’re not married he left two homes a couple of properties, some Ira account and a couple of vehicles. His girlfriend is living with him, sell any of his vehicles under his name Without having a will or a living trust ?
Well done. I have one and forced my mom to set one up. She was on the receiving end of my grandmother’s estate - no will. Her sisters fought over tea cups. At the end of the day they never spoke to each other again. Easy Peasy estate settlement if you have a properly st up trust.
The Living Trust will do nothing about tea cup battles. Whoever gets into the house after the person dies will take the tea cups, photo albums, hard drives, safes and all technology. That's how it works in real life.
@@ksmith2852 True. Relationships ruined. On the other side my kids- minimalists- don’t want anything. My wife is an only child and has heirlooms back to her grandparents.
@@ksmith2852 Maybe its best to just give stuff away begor you die? I took 2 weeks and copied Every picture from 25 years and put them on several flash drives for my kids. So no fighting over albums. Got any suggestions? I dont want my kids fighting.
Trusts do not stop fights, people can and do contest the trust. If it is a second marriage so you leave your assets to your spouse thinking they will leave your kids what the trust says, and the surviving spouse changes the trust there is nothing you can do.
Mr Toby gives the BEST Presentation on Wills & Living Trusts. His ability to explain the Legalities on Wills & Living Trusts is Easy to Comprehend. Then he tells you which is the best choice.. hands down. I was overwhelmed with a sense of Calm. ..that everything would be ok.. My Father passed away 4 years ago & I've been stuck. Afraid of my own shadow & Frozen in Fear I now have the Courage to Stand up for Myself.Being a Single Mother my Dearest Father James E Parker Jr. had wanted Security & Housing Stability for my son & I. I truly believe I came across this video for the sole reason to hire you as my Lawyer. I have the Courage now to face my Abuser & fight for my Worth. God Bless you Toby & thank you for your Insightful presentation , Best personal Regards Mim Parker 007
Thank you for the information. My parents have a will and asked me to be their caretaker. I recommended a Living Trust because we have siblings and some are not on speaking terms. The Living trust provides my parents the opportunity to provide their voice in their assets. Great inforamation.
The problem is people are not educated in living trusts. I was familiar with them. I talked to my sister who is the executor of my dad's will & then we both talked to our 91 year old dad about setting up a trust. We explained it would make everything flow easier in the future. Everything would be organized & easy. When our mom passed, it was a lot of paperwork, phone calls, transferring everything everything to our dad, etc.....He saw what a hassle that was & that is why he agreed to do the trust.
My dad always said he had a trust, (even mentioned it the month or so before he died but I dismissed it as confusion.) He even mentioned how glad he was that he left everything to me (just hours before he died.) I really thought he was just sharing a nice sentiment and I was grateful for his fond thoughts, thinking they were memories of an old man of a time that was long gone in his life. I mean, I knew he was living off of his savings for the last 20 years and there was no paperwork. The only thing I found was something that let me know my father became an angel investor of sorts when he first moved to Arizona over 15 years ago. I found nothing at his bank and I am certain my brother is searching and hiring lawyers due to his attempts at causing the family nightmare. My dad always mentioned since the 80s that everything should be in a trust. Thing is, he never told anyone where, how, under what name and there is no documentation to be found. Still I am very grateful to find this video and read the comments. I look forward to planning my own living will and will seek appropriate life insurance. Great video!! Again, thank you for the safe place to share these thoughts.
Holy shit!! this video was so informative. My wife and I are looking into doing a will or living trust and what I’ve read and videos I’ve watched have been very confusing. I know there’s more to know about this, but this video has guided me in the right direction and explained many things. Thank you sir!
Try to find an Interdiction Living Trust administration Lawyer who knows more than an estate planner who sells an easy to forge trust costing our family every cent we own.
thank you for all of this info. most you tube videos only give you a small amount of information and you need to buy their program to get the rest of the info. These are people that say they care about wheat happens to the ordinary person. How do they care if they arent willing to share their knowledge? Not everyone can afford to buy their program. So thank you!
Very well done sir. Thank you for this video and its useful and clear content. I've been debating between a will and a living trust and now I know the living trust is the best choice for me and my descendants. Please keep up the great work.
I love love love the videos from Toby! They are all easy to understand and he breaks things down to where anyone can understand I will be doing a living trust. It makes so much more sense
@@TobyMathis toby I’m trying to find the video you did explaining how to sell your home to either an LLC or an S corporation to take advantage of the $500,000 exemption if you’re married and having a new cost basis at the higher price for the LLC or S corporation. I told my lawyer about it and wanted to do it but he doesn’t think it’s possible. I’ve searched and searched videos and I can’t find it on your page or in my history. Thank you. Scott
Yes great info. We did it years ago & it helps to do a review too every so often. Over time things can change, people change & you want to be absolutely certain. 🌺Lei
Thanks for sharing. My father was in the process of creating a living trust, then went into the hospital one week before signing the documents. He then died about a month later, that was this past January. So probate has been a whole lot of fun. There is so much work involved while you should be grieving. 💔
Wow. I have struggled with thoughts of how to leave a legacy to my descendants. Your valuable advice is exactly what I needed to hear. Thank you so very much.
This is exactly what I want, I want to create generational wealth for future generations in my family, unfortunately I’m starting from scratch at the moment but have a plan and I’m running with it, and I like the fact that I can dictate and make sure that the money and assets continue to grow and continue to be handed down generation after generation without those future generations just squandering the money but making that money grow and the assets grow even after I’m gone, to create generational wealth so that my grandkids and their kids and so on aren’t starting from scratch and have a good shot in life, I am so glad I saw this video
Omg this man is a Dimond! I’ve never heard as much sense. Talked in a 20 minute video ever as this one. Everybody should be paying attention to this information.
He only presented a very basic positive side of Trusts. He is a salesman. There is a huge dark side of Living Trusts. Do your research from sources who do not make money from you opening a Living Trust, funding and changing the trust, and administering it when you die. The last cost is hidden; you are dead so you can't complain about the charges and the beneficiaries don't know any better and have no recourse other than sue.
@@ksmith2852 Hi, I have read a few of your comments and wondering who you are and what you are doing for your family at death? I like to hear all sides. I have been trying to get things ready for my children when the time comes. You just seem to disagree with all he says, but I haven't seen yet what your solution is (maybe I missed it)? Thanks for helping me decide!
Thank you for this video. I am already working with an attorney to draft a living trust. We should be completing the trust docs shortly and then it’s all about funding the trust and taking a sigh of big relief. Thanks again.
LOL that's just the beginning there are about a hundred steps in a complete administration to protect us when we're vulnerable and our Grantees Legacies so hire a NICER approved Forgery Proof Legalese Administration Lawyer with a team of Allied Legal Professional Trust Guardians with a Latin Law Permission Ledger Arbiter Interdiction Trust complete administration.
We don’t know what we don’t know so I’m hoping Jim Cunningham or Toby Mathis distinguishes themselves among their Bucket Trust peers and advances their careers to a NICER Forgery Proof Inheritance Trusted Advisor.
I don’t even know how I ended up on this video, but I’m very thankful I did! Completely makes sense and need to share this with my mother who is stubborn as a mule. Thanks again!
My concern is the fact that anything included in the trust becomes an asset to any of the persons listed in the trust and therefore becomes subject to legal actions, should any of the listed folks get in trouble (auto accident, etc) and the court rules they are responsible for payment. So in short, everything listed in the trust could be lost before you are deceased or before anyone can take ownership in the event of your death. In theory you could be kicked out of your house and loose it if one of your kids have a legal liability issue. Not a risk most people would consider if they give it any real thought….
I WILL PUT THIS VIDEO ON MY TRUST AS AN EXAMPLE OF WHAT I WANT, THANK YOU SO MUCH FOR CREATING THIS EDUCATIONAL VIDEO, I JUST REALIZED HOW MUCH OUR EDUCATIONAL SYSTEM FAILED US.
Thank you Mr Mathis I have 5 children and I would like to make an appointment living will for each of them. I appreciate you taking the time to teach all of us out here.
Wife and I did a living trust in 1992. She passed in 2015. Just sold our house which was in the trust. Found out one half of the estate was in my name and the other half was in the trust. I was shocked when the title company informed me. I received a check for half of the proceeds. The other half was a check made out to my trust. It has to be deposited to our trust bank account which we never had. I hope to see my attrney at church Sunday to see what I have to do as my credit union will not allow me to deposit the check. Talked to the bank the check was drawn on and was told I have to have an acount with them and then establish a trust account. Really perturbed at the attorney which set it up but he is long gone from here.
You’re not making any sense. You start off talking about the house and then say half the ESTATE was in your name and half was in the trust. The problem is that either the house or other assets were not properly titled into the name of the trust. Don’t blame the attorney, it’s your estate and you’re responsibility to do it.
@@maxcorder2211 You're not making any sense, we've been deceived into believing it's the client's responsibility to perform dozens of complex steps in an administration with the Trust being the first step. Then we have to fund, record, arbiter monitor, mentor grantors, referee grantees, appoint guardians for minors, prevent conservatorships, draft medical directives, inventory and appraise so everyone gets their share, validate check for trust forgeries, certify no counterfeits, monitor distributions, interdict power of attorneys, defend titles and the list goes on to settle administrations.
Toby. My brother just sent me your video on Living Trust. I have been struggling with this for some time now, because of miss information out there. I finally can move forward with a living trust. Thank you so much
My moms cousin had a trust done. Left 5 cousins 1 million each. The sister was allocated only pictures . she got most of it. I got nothing...the lawyers went in like sharks and that trust was worthless.i contested being taken out. The cousin was coerced by 2 cousins at a bbq. They got away with it. I lost 3 years going to court and learned trusts mean nothing!!
This has helped out a lot. I think it will be easier for our properties because there will be only one beneficiary, our nephew, and then his children after him, if he has any. We do have several properties in several states, a business, and a fleet of business cars. This has been a concern of mine for a while now. Thanks for the video.
I know this is a yr old, but i like it. I am to create a living trust, but I do not know where to start. My husband and I are entering into 60 and want to prepare ourselves since our house will be pay off and our 2 children are older now and they can be administrator of the living trust.
Hi! thank you for leaving your comment. You can request a free 45-minute consultation to discuss our proven asset protection and tax strategies and how they apply to your unique situation. You can get it set up here! ------> aba.link/tobyss
Thank you Toby for your wonderfully informative video on the living trust. My wife and have been talking about a will recently and this video really helped create great perspective.
Thank you for being so straight forward where I am able to understand the need for a Living Trust. Right now we have nothing in place and need advice in Texas
Mind blowing. Many thanks! Will immediately check on Australian version and cross fingers it’s the same meaningful deal. Went through Probate with my beautiful mother in law and it was a four year horror show with all sorts of never heard of “Step kids” in their 50’s putting hands out. Pure distain for those types. Now we have protection thanks to your SELFLESS ADVICE. Bless you Toby! Tory Taylor 😘
God Bless You we are getting there the past 2 years I have been telling my husband we need a LIVING Trust! No we do not have a lot but house cars and a little insurance money I have seen Wills eat families money up by being in court! YOU DO NOT-KNOW how much you have helped me I called my husband in the room and got him to watch settle! I question we live in small town a small county do I need a attorney to ours up that specializes in Living Trust! We already know who our Trustee will be!
Please keep talking until Mr. Mathis advances his career to a NICER approved Forgery Proof Legalese Administration Lawyer to defend the easy to forge legal documents with a 33-year reformed Financial Elder Abuse Defense Administration Network.
Awesome job at explaining this information. Leaving a legacy idea definitely puts life into perspective as to what is important to you and your family.
Maybe he is great at explaining the easy to forge Trust but Paul Rainlais American Estate Planners and Mr. Yan at Tree of Life Law caveat the dozens of Estate Plan mistakes that cost us half of our inheritances in Litigation. That makes them the most ethical, opening millions of Jobs in Justice interdicting financial elder abuse with a NICER Permission Validated Trust complete administration.
There are things people can do besides a trust such as PODs, survivorship deeds if married, joint bank accounts etc. Trusts can still be changed by a surviving spouse and this can get really messy if it is a second marriage and there are children from the 1st who you want to eventually inherit your assets. If you leave your assets for the spouse they may change the trust and who inherits.
The only thing that works is NICER FEDS approved Trusted Advisors and Allied Legal Professional Trust Guardians to protect us and our documents when we all reach the vulnerable stages of our lives.
Very informative. We had an expired Living Trust from California but due to moving to another State kept me on delaying to do a new, too many changes. Thank you and I will make sure my husband will watch your video presentation.
In many states when someone dies intestate, all that is necessary for the heirs to take legal procession of the decedent's real estate is to file a simple form called an affidavit of heirship. It costs about $250
Your video was forwarded to me by a friend and after watching your presentation, it was very informative and to the point. Thanks for sharing the knowledge.
Thank you for this video. I have a horror story to tell if I had the space. You're right, a Will is a joke. Now I just need to find someone that I can trust to handle my Living Trust.
Hi Huacati, thank you for leaving your comment. You can request a free 45-minute consultation to discuss our proven asset protection and tax strategies and how they apply to your unique situation. You can request your free session here! ------> aba.link/tobyss
Ask about 1. Costs to add an asset 2. Costs to remove an asset 3. Costs to manage the trust 4. If it is you and your spouse, what happens when one dies. (I already know...and it is bad)
My question is, person receiving a real estate as gift or inherents real estate from living trust, 1is there tax differences between the above mentioned. ( state of MD) 2. Does the trustee pays taxes from the trust?
There are no differences on the tax treatment of the real estate. The trustee would be in charge of making payments for certain taxes as well as income the trust generates unless all income is distributed.
Mr. Mathis, that was a great video. Very informative. I've been through that probate process a few times after the death of loved ones, and it's been painful and dramatic every time. Grief, greed, and personalities - leads to people doing crazy things. The video gave me a lot to think about for future planning to avoid those sort of scenarios. Thank you for sharing it.
Why does a trust cost thousands vs a $99 will? Is it just insurance against the public finding out about all your good stuff? Plus can I do a POD for all the different accounts and a TOD for the house?
Wills tend to be cheap because the drafting firm is banking on getting the probate when the person passes. The average cost of probate, depending on the study, is around 20% of the estate with attorneys fees making up a large chunk of that. AARP did a study where they compared a will to a loss leader in a store. The will gets them in. The problem with wills or any payable on death or equivalent is that they are only triggered upon death and only cover changing the asset name to another. You will need healthcare documents such as HIPAA releases, Medical POAs and living wills as well as financial documents such as Financial POAs and gift schedules regardless of the will, not to mention you can only create a legacy plan via a trust or similar vehicle. Will are only one piece of a pie but are often sold as the whole pie. A living trust is the whole pie as it includes all of the necessary planning documents.
@@TobyMathis "The problem with payable on death or equivalent is that they are only triggered upon death and only cover changing the asset name to another. " i say, so, changing a pod cd to the beneficiaries name means he/she now owns it !!!
Thank you, your video was excellent!! My mom 80, has a Trust and I had questions on it where I called the lawyer who wrote it up but even still, you were very helpful! :)
Great Information and thanks for fighting the good fight. Soooo much information and so much misdirection out here that it’s hard to find the best most efficient way to stream line things and protect yourself while you’re here and when you’re gone. Again, thanks for the great information!
Good question since we fund it at the county recorders that is a definite possibility, and since Anderson Advisors uses the dangerous easy to forge BAR documents instead of the Latin Law Crime Interdiction Administration Trusted Advisor's forgery proof documents an inheritance thief might steal our inheritance.
Do you want to dive deeper into this topic and talk to someone on my team? Schedule your free consultation now. 👉aba.link/7f2
Someone just stole my food friends home!!!!!! What can I........how can I help her get her home back?
@@lonnieaka.justincase3450 44⁴44⁵
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After my dad died and my mom had a little Money. I told her mom go out and buy yourself some new furniture . Buy a nice washer and dryer. Go to bingo everyday if you want to. My mom scrimped and saved all her life because we were poor. When it was my birthday I honored my mother because she carried me for 9 months and gave me life. When she died I was devastated. She left a couple thousand dollars to me and I couldn't even spend it. I kept thinking about the time she could have used it when I was a little kid. But she did go out and treat herself to New furniture and did spend most of it. She had a stroke and I was there every day. I didn't even think about my job. I thought how many times she sacrificed for us. Please be good to your parents. They gave you life.
I know how you feel. My mom lived with us the last 17 years of her life. When she got sick i didn’t hesitate to care for her. I was honored to see the woman brought me into the world out of this world. My brother who did nothing in the last 17 years for her. When she needed new tires i informed him she didn’t have the money….crickets. My husband I cover 60% (all we could afford). Over the years i provided for her as she provided for me growing up and a few times as an adult. Do you know he took 1/2 her insurance after burial expenses, but he did let me keep all funds from the sale of her car ($3000 after my expenses waiting for probate). Wasn’t super nice of him? Forgot to mention her insurance was only $25,000 after expenses. I’m feel greedy, but if the roles were reversed I wouldn’t taken half, if any at all.
Thanks for sharing! ❤❤
@@memeyers19620
Refreshing to read
You are fortunate to have had such a wonderful mom!
I am an only child and my parents have been advised by their lawyer to make sure they have a living trust and not just a will. My mom literally said to me: “we don’t want to put you through the nightmare of the courts”. Their lawyer is a knowledgeable person and Toby thanks for explaining everything.
Good thing. Going into probate court takes 42%, per our living will trust attorney. I highly recommend a living will trust.
Yup. Don’t get a will. I’m going through this with my now deceased father. I just pulled out because I’m pretty fiancial stable and my dad had all this debt. That the probate lawyer told me it’s not really worth paying all this money for very little return. I respectfully dropped her services and my narcissistic brother can have the few thousand that will be left over from our father’s estate. To me it’s not worth it. It was a horrible basic will.
My mother-in-law had a trust and when she died, it was really hard but she had a living trust and all we had to do is open up the book and follow the instructions. It was so easy. I want to thank her for making it easy for my wife in this trying time, it was so easy I believe in living trust everything worked out properly. It was just perfect.
My Dad and Mom had a Trust that cost us 50% in Litigation because they didn't use an Administration Lawyer to fund, record, monitor, validate, certify, and a dozen more steps to avoid the Estate Planners mistakes.
Ha Ha very funny there are dozens of complex steps in an Inheritance Administration you need a NICER approved Forgery Proof Inheritance Administration Lawyer to perform to avoid the dozens of mistakes the estate planners are adding up.
I just went thru this nightmare, my father had a lot of assets. My brother and sister thought it was going to be a free for all and were shocked to find out he had a living trust in place. Great video
Thank you for sharing your experience, I'm sorry for your loss.
We love this station and looking forward to information about Notary Index Crime Enforcment Regulatory and Sheriffs on-call to arrest Estate Plan forgers, Trust counterfeiters, and Power of Attorney financial elder abusers.
I'm so glad your father did that! He was very wise. Many families fight over the 'stuff' and money. It sure gets ugly!
My dad passed away last December. He mentioned he wanted to go get a living trust done, but unfortunately he got sick and passed away before he had a chance. We are still in probate court and it's been a nightmare, not to mention expensive! We have been paying on his house for almost a year and just received the right to sell it from the courts. Get it done sooner than later folks, my dad thought he had time but you never know!
So sorry for your loss!
I have a revocable trust, is that a living trust?
@@TobyMathis I have a similar situation, my father had been prompting me to set up a special account; the last 5 years saying that I have an inheritance, & so it doesn't affect my Social Security disability and Retirement income. I looked & only thing I found was to put it in an educational savings account for a time & amount dispersement; Is there anything better to secure my inheritance without pay taxes, or affecting, lose my SSDI INCOME!? ALSO my sister's KEPT ME in the dark, not inform me of anything till after. NOW there trying to lead me to believe there is no WILL; that DAD WAS BROKE, & THEY HAD TO SELL EVERYTHING TO PAY HIS BILLS and I was MIA (missing in action for so long, & not keeping in touch) they my two younger & one older sisters "didn't want to be responsible for ME. Tried to find some Legal advice FOR HELP. All Attorney said "to find out if Will was in Probate" couldn't find anything,
I'm sorry for your loss. Thank you for the warning.
@@patriciabroderick3436 yes
I live in Florida and see end of life greed from kids who swoop in like vultures after never helping with their parents in their elder years. Their greed is disgraceful
You're correct. I recall my children attending fifth grade in an Affluent school. It was very common for the children in the school who all seem to fit a certain image, to brag and declare how they couldn't wait for their parents to die so that they could have everything. Absolutely disgusting. But I wonder they were likely a reflection of their own parents
@@HeartLatic sounds like boarding school mentality for teens. Never heard of this in 5th grade before but they are corrupting children at younger and younger ages with their agenda.. sick and sad
I agree, doesn’t matter if there’s a trust
My Life
welcome to America, where we don’t treasure our elders. 💔
How is content like this just sitting free here on the internet? This was AMAZING!! Life changing even. I've never heard anyone articulate how to nuts & bolts build a legacy. The thought has always been desirable but intangible. You made it plain. THANK YOU!!! This was the answer I was looking for.
Don't forget this is the first step to mentor grantors, referee grantees, fund, amend, validate to avoid Estate Plan forgers, certify to avoid counterfeiters, transfer titles, defend grantee beneficiaries, distribute forgery proof pink slips to title deeds and about 15 steps to settle a NICER Latin Law Crime Interdiction Administration So Drew Barrymore and Sher's heir gets their shares.
A@@Oldmadman-z3s
@@Oldmadman-z3s16:50
@@Oldmadman-z3s😢😊😊
Pa mela Hudson
I am a young accountant (just graduated college and am working towards my CPA) I just want to say that your content is wonderful and that your breathe of knowledge is something I am going to strive for in my career.
Breadth
LMAO... it's actually "breath" but if you wanna keep it going it's"bref"
breadth
OverviewUsage examplesSimilar and opposite words
Dictionary
Definitions from Oxford Languages · Learn more
noun
the distance or measurement from side to side of something; width.
"the boat measured 27 feet in breadth"
Similar:
width
broadness
wideness
thickness
span
spread
diameter
beam
wide range or extent.
"she has the advantage of breadth of experience"
Similar:
range
extent
scope
width
depth
amplitude
extensiveness
comprehensiveness
all-inclusiveness
spread
sweep
reach
compass
magnitude
scale
degree
Opposite:
narrowness
limitedness
DATED
a piece of cloth of standard or full width.
plural noun: breadths@@liagarden
👋 😊 can I have your Instagram, tanks
not quite , its spelled bredth@@liagarden
Young man, my wife and I have the living trust which our lawyer set us up with it. We have a house, CDS, and money in the stock market. We are now 82 and 83 and retired. We started putting money away when we were married 1963. Reason was I started it as I grew up in the early 40’s on a farm, things were really,really,really tough. Now we are well off and now started giving money to our daughter and two granddaughters.. Great presentation.
Thank you for explaining Living trust versus Will in a very clear way. I have never heard explained as simple and as you'd done. This is going to be a game changer for a lot of people listening to this.
Don't do it. It only benefits the attorneys. Almost 70 percent of living trusts are never funded. Meaning the trust is like a shopping cart and your assets are like the products you put in a cart. Everytime you buy an asset, or sell an asset, guess what..the estate planning attorney or CPA will charge you to update the trust and it is not cheap. Furthermore, if you try to say get a mortgage but your securities at a brokerage are held in the trust you will have to get a notarized ($$$) copy of the trust not just show them your statement from your brokerage.
@@ksmith2852 Do you know approx how much the transactions you mentioned approx cost?
@@ksmith2852 So, what do you think is better??
@@ksmith2852 Thank you for voicing your opinion. I disagree, but get where you are coming from. Lawyers make billions (with a "B") from probate fees. According to studies, including AARP, the average costs of transferring assets via probate are in the 15-20% range. There are also things like financial & health matters during your lifetime - both of which are also addressed in a living trust. Even unfunded, a living trust is better than a will as there is still a pour-over will included in a living trust that dumps everything into the trust. What it eliminates is public disclosure of what is going to whom as well as the litigation between beneficiaries. Too much here for a simple response, but suffice it to say, I disagree.
I love your videos. They have so much important and eye opening information❤
I knew some of the information about Living Trust but not all, it was mind blowing to find out what you can do with a living trust and I really don’t think my dad knew that too because he left it to my sister and my niece and my sister (niece mom) took everything & still complained. There was provision for all his grandchildren but my sister turned around sold all the property and put it under her name because she was the executor. Now everything is gone, no one has anything and she even convinced her siblings to give her money because of property taxes which she pocketed. Greed beyond imagination! Thank you for this information, I will definitely look into this!
Thank you for watching!
She could have gotten in legal trouble as executor for not following the will. The executor is responsible to fulfill the wishes of the person whose will it is.
A living trust is the way to go. No messy probate. You as a trustee are that person when that person passes away. Everything goes to you.
Toby, been watching you for years and learned a lot. But this is probably one of the best videos so thanks for some of the suggestions! My mom's one asset was a house that was purchased in 1977 for $40k but sold for $1.1m (California) when she passed last year with the proceeds sitting in a specialized account until distributions are made. She had Alzheimers but she passed peacefully in her home as outlined in her AHCD which was part of the set of legal documents she had set up in her living trust. As the trustee of her estate, I am witnessing firsthand the grief and greed that you so aptly described. The beneficiaries are pulling out the stops. One beneficiary asked for their distribution immediately after mom passed, another contested the trust, and the last has filed a petition to have me removed claiming I had undue influence over her when she named me the trustee. But the trust was set up in 1979 (updated every 10 years with me named as the successor trustee every single time) when she was of sound mind so the net effect is that legal fees can still drain the trust by belligerent beneficiaries. Yes, those legal fees will eventually be recouped at their expense. It's stupid though. My mom would be mortified if she knew what was happening.
Thank you for watching us!
So sorry for the lost of your beloved Mother. Thank goodness she had a trust. 🙏🏽💜
Very sorry for your loss of your Mother. I am and was a trustee for several people & family members, the greed I see is beyond belief! And yes, it is so very stupid. And yes I got accused of influencing, but the funny thing was when we had asked the greedy beneficiaries to help me as trustee to take care of the person so they had an idea of what was going on and could be paid a wage from the estate (and end up getting more money in the end than the others because they were being paid out of the same pot), not a one would step up. They wanted the money without the work. LOL...greedy, lazy and stupid...just unbelievable. Take care of yourself.
Very good presentation
T
Thank you very much… This information came right in time!!! My mother passed away without a will or a living trust!!! And I’m sad to say that my brother is a practicing attorney of over 30 years! This should have never happened!!!! Im a nurse of over 35 years and when I constantly spoke with her in reference to her affairs she always said “she had a will”… Thank you for your service!
Excellent information, our family is fractured now because of a will that was changed days before dad died. Resentment, envie, and greed motivated a couple siblings to prey on his despair and get him to change his will. My wife and I will set up a trust for ourselves so our heirs don't end up going through what we experienced. It is beyond my comprehension why siblings plot to hurt one another, but the love of money does funny things to people.
Amen it is sad people fight over things that can be replaced but the loved one dying no matter what their past is like you cant replace a loved one simple and to fight over it is sad belonging dont replace them the love they gave you and memories are the key to healing your heart and keep a loved ones memory alive
Hi Mark! Sorry, you experienced such heartache and broken relationships. I pray one day your family will realize the foolishness of their ways and seek reconciliation. PRAY! God's word does not leave any room for excuses, "The love of money is the root of all evil!. Your heirs will thank you. Blessings, Karen
@@paule5662 Thank you
I know the feeling, im on my 2nd dealing with thievery in my family. 100s of thousands were stolen and last wishs not fulfilled. Its so important to have your affairs in order.
@@4wchitstands Sorry to hear that John. Don't get too caught up in it. It took me down a dark path for months. I am doing better for it, when I accepted it as a blessing and a lesson. Unbelievable how much abundance we have been blessed with since we had been taken advantage of, but God answers prayers when you show gratitude. Try to be thankful for all life's blessings, even the negative ones. Let go and move on, or it will consume you.
I think it's important to define the differences between revocable and irrevocable trusts... specifically the ability to shield assets from consideration regarding Medicare and nursing home costs.. please consider including this in future videos
One of the ways to shield assets from medical costs is to get a special needs trust and appoint a fiduciary to oversee it.
Neither of the statements above are correct
@@mgwright56😂😂😂😂
@@mgwright56 please explain on what you mean by that. Thank you.
@RM-pq7vx just be very careful how you attempt to shield assets from Medicaid. Do not try to use an internet company. Find an elder law attorney.
I had to watch this a few times to make sure that I wasn’t missing anything. Thank you for breaking this down so that anyone can understand how to protect their family. Great video!
Glad you enjoyed it!
Amen!
I have a living trust. The attorney that wrote it tried to do a will. I am so glad I didn't. The cost was $675 for the trust or $2000 for the will.
Did you do it with Toby?
What?!? Did you get the costs reversed? Only $675 for the trust?
Yeah that doesn't sound right@@ExtraordinaryLiving
Where do you live
Probably a pour over will.
I live in NJ. A few years ago, my dad set up a revocable trust. We went to a local estate lawyer. His will got updated & everything-his home, stocks, etc.- were put in the trust. It wasn't hard to do & overall, it didn't cost that much, under $2k. Our family has peace of mind. When my dad passes, it will be a very emotional time for us. His estate will be be settled quickly. All the work was done while setting up the trust while dad was alive.
Sir, you are a BLESSING!!!
My wife and I have been praying, and we have a Prayer Circle on our Ranch that we go to 2 to 7 times a day. I went there this early morning to beat this intense extreme hot(106°) weather. I watered, planted, arranged, and walked the circle praying for answers...I GOT IT, THROUGH YOU!!
I came inside to shower and nap, then I pulled up my TH-cam, and your/this video popped up and stood out to me...at 1st, I was like, hmmmm, no likes, but tons of positive feedback and comments. I played it loud as I sat to eat lunch, so my wife could hear it too. We were at PEACE and CALMNESS came over us. Your genuine servitude, professionalism, transparency, and love for TRUTH is very evident, sir, and for that, I thank you, man to man.
We have a 18 acres Ranch in the Texas Hill Country, built a 2 story Barndominium, and have a 2 acres stocked pond, plus 4 German Shepherds, 120 chickens and roosters, 17 ducks, and multiple raised Vegetable Beds.
My mom and her brother STOLE my INHERITANCE that my dad left for my sister and I when we were 5yrs and 4yrs old, he was a 2 time Purple Heart medal recipient, and he loved us, I REMEMBER!! Long story short, he left everything to us in his WILL, but somehow, my mom assumed the role to dole out my sister and my FORTUNE, and USE it on herself and her new husband who physically abused and beat me naked on drugs listening to demonic music. Then my grandfather who took me under his wings, left me his fortune too, because I was 1st born, and I helped him clean up his rental properties and small lots around town, as my sisters and cousins MOCKED and LAUGHED at me because they saw HARD WORK and NO PLAY on the weekends A LOT. Fast Forward, my grandfather came down with Alzheimers, but before he lost his senses, he PROMISED me that he was leaving it ALL to me. Once he died, they buried him immediately, and TOTALLY SHUT me OUT, and Never Answered the phone and said that I wasn't allowed to come to their Mc Mansions. I was confused, angry, lost, and CRUSHED, because didn't know what was happening....NOW I DO!!!lol THANK YOU!!!
What can we do to work with you on our LIVING WILL?🙏🏽
Father God Almighty, please continue to bless this humble giving gentleman who is freely giving crucial information and explanations from his BIG HEART. We pray he will experience a hundred, thousand fold increase in his business opportunities and clients, in Christ Jesus name, amen🙏🏽🤴🏼🙌🏽
That is the most digestible explanation of the scenarios I've ever heard. Thank you Toby!
Glad it was helpful!
The best ... stumbled here while switching bewtween 360 videos. I always wanted to do this. Been giving away $1,000s to family, strangers and organizations for years "just because..." This can help with my legacy versus giving 5 figures to my "beneficiaries."
This viedo is so beautifully done, I like the fact he called Aretha Franklin, Mrs. Franklin..showing me that he really care about legends and legacy.
and taking care of your assets when you leave this world..thank you sir you are a blessings..I am running not walking to see a lawyer about a living trust for my family.thank you with all my heart😊
Thank you so much!
You are the true honest (these days rare) American. God bless you.
Thanks, I've been interested in a living trust for some time and finally someone explained it where it makes sense!
Ask about the expenses. Everything you put something into or take out of the trust you will pay.
In California if your estate is over a certain amount they take something like 58% for probate. My best friend growing up lost Millions before they got done because his parents refused to put anything in a trust because they thought somebody would steal the trust from them and other silly rumors. They have four houses and a total of six million dollars in the estate. There was only him and his brother the brother who was causing all kinds of trouble. They had two boats but his brother wanted both boats stuff like that. Before probate was done a 6.5 million dollar estate dwindled down to 1.2 million each for the brothers. You better get a trust combined with a will.
How devastating.
Democratic states often have laws and rules so the government, state, always gets the just of the money, assets.
Education is a must.
A trust can still be contested.
I’m a paralegal probate law you are so right! Living Trust is the way to go. Lawyers push Wills but the cost before & after is $$$$$$$$$ and the effectiveness of a Will is almost nonexistent.
What about contesting a living will to get a delayed Birth certificate.
You see I have been trying to get a delayed Birth certificate. And the City Clerk Said I have to go to probate court to get it.
I have a question for you my grandfather passed away a couple months ago. He was living with his girlfriend for 25 years they’re not married he left two homes a couple of properties, some Ira account and a couple of vehicles. His girlfriend is living with him, sell any of his vehicles under his name Without having a will or a living trust ?
Well done. I have one and forced my mom to set one up. She was on the receiving end of my grandmother’s estate - no will. Her sisters fought over tea cups. At the end of the day they never spoke to each other again. Easy Peasy estate settlement if you have a properly st up trust.
The Living Trust will do nothing about tea cup battles. Whoever gets into the house after the person dies will take the tea cups, photo albums, hard drives, safes and all technology. That's how it works in real life.
@@ksmith2852 True. Relationships ruined. On the other side my kids- minimalists- don’t want anything. My wife is an only child and has heirlooms back to her grandparents.
@@ksmith2852 Maybe its best to just give stuff away begor you die? I took 2 weeks and copied Every picture from 25 years and put them on several flash drives for my kids. So no fighting over albums. Got any suggestions? I dont want my kids fighting.
@@deirdremorris9234Also hard copies are most preferable backed up by digital ! So you may want to recommend to the beneficiaries a printing!
Trusts do not stop fights, people can and do contest the trust. If it is a second marriage so you leave your assets to your spouse thinking they will leave your kids what the trust says, and the surviving spouse changes the trust there is nothing you can do.
We paid $5,200 for our house and rental property. Best $$ we ever spent! Great video! Loved the red chalk!
Mr Toby gives the BEST Presentation on Wills & Living Trusts. His ability to explain the Legalities on Wills & Living Trusts is Easy to Comprehend. Then he tells you which is the best choice..
hands down. I was overwhelmed with a sense of Calm. ..that everything would be ok.. My Father passed away 4 years ago & I've been stuck. Afraid of my own shadow & Frozen in Fear I now have the Courage to Stand up for Myself.Being a Single Mother my Dearest Father James E Parker Jr. had wanted Security & Housing Stability for my son & I. I truly believe I came across this video for the sole reason to hire you as my Lawyer. I have the Courage now to face my Abuser & fight for my Worth. God Bless you Toby & thank you for your Insightful presentation , Best personal Regards Mim Parker 007
Thank you for the information. My parents have a will and asked me to be their caretaker. I recommended a Living Trust because we have siblings and some are not on speaking terms. The Living trust provides my parents the opportunity to provide their voice in their assets. Great inforamation.
Just went through probate of my dad’s estate. He just had a Will and left me everything. He should of done a Living Trust. Probate was a nightmare.
The problem is people are not educated in living trusts. I was familiar with them. I talked to my sister who is the executor of my dad's will & then we both talked to our 91 year old dad about setting up a trust. We explained it would make everything flow easier in the future. Everything would be organized & easy. When our mom passed, it was a lot of paperwork, phone calls, transferring everything everything to our dad, etc.....He saw what a hassle that was & that is why he agreed to do the trust.
My dad always said he had a trust, (even mentioned it the month or so before he died but I dismissed it as confusion.) He even mentioned how glad he was that he left everything to me (just hours before he died.) I really thought he was just sharing a nice sentiment and I was grateful for his fond thoughts, thinking they were memories of an old man of a time that was long gone in his life. I mean, I knew he was living off of his savings for the last 20 years and there was no paperwork. The only thing I found was something that let me know my father became an angel investor of sorts when he first moved to Arizona over 15 years ago. I found nothing at his bank and I am certain my brother is searching and hiring lawyers due to his attempts at causing the family nightmare. My dad always mentioned since the 80s that everything should be in a trust. Thing is, he never told anyone where, how, under what name and there is no documentation to be found. Still I am very grateful to find this video and read the comments. I look forward to planning my own living will and will seek appropriate life insurance. Great video!! Again, thank you for the safe place to share these thoughts.
One of the best, clearest videos I've seen on this topic. THANK YOU! Toby is a natural on camera.
Holy shit!! this video was so informative. My wife and I are looking into doing a will or living trust and what I’ve read and videos I’ve watched have been very confusing. I know there’s more to know about this, but this video has guided me in the right direction and explained many things. Thank you sir!
Try to find an Interdiction Living Trust administration Lawyer who knows more than an estate planner who sells an easy to forge trust costing our family every cent we own.
thank you for all of this info. most you tube videos only give you a small amount of information and you need to buy their program to get the rest of the info. These are people that say they care about wheat happens to the ordinary person. How do they care if they arent willing to share their knowledge? Not everyone can afford to buy their program. So thank you!
Very well done sir. Thank you for this video and its useful and clear content. I've been debating between a will and a living trust and now I know the living trust is the best choice for me and my descendants. Please keep up the great work.
I love love love the videos from Toby! They are all easy to understand and he breaks things down to where anyone can understand I will be doing a living trust. It makes so much more sense
Thank you for taking the time to make this video and educating me on something so valuable, it’s much appreciated 🙏🏽
Glad it was helpful! Thank you so much for watching our content 😁
@@TobyMathis toby I’m trying to find the video you did explaining how to sell your home to either an LLC or an S corporation to take advantage of the $500,000 exemption if you’re married and having a new cost basis at the higher price for the LLC or S corporation. I told my lawyer about it and wanted to do it but he doesn’t think it’s possible. I’ve searched and searched videos and I can’t find it on your page or in my history.
Thank you.
Scott
Toby, you are good man for giving great advices so people who don't know anything about these kinda problems. God bless you.
This video really helped me. OMG! I need to get started on a trust now. I'm only 57, and I had some medical issues, so I need to put this in gear.
From one attorney to another - Excellent presentation Counselor!
Thank you kindly!
Yes great info. We did it years ago & it helps to do a review too every so often. Over time things can change, people change & you want to be absolutely certain. 🌺Lei
I envy my dog's carefree life after watching this video.
😂
😂
😂 I hear you there.
Thanks for sharing. My father was in the process of creating a living trust, then went into the hospital one week before signing the documents. He then died about a month later, that was this past January. So probate has been a whole lot of fun. There is so much work involved while you should be grieving. 💔
Your information is very usefull
Wow. I have struggled with thoughts of how to leave a legacy to my descendants. Your valuable advice is exactly what I needed to hear. Thank you so very much.
You are so welcome!
@@TobyMathis 😊
Got mines 30 years ago. No worries on my part. I’m good. 😁🤙🏽
Good to hear!
Mine* ffs....smh
This is exactly what I want, I want to create generational wealth for future generations in my family, unfortunately I’m starting from scratch at the moment but have a plan and I’m running with it, and I like the fact that I can dictate and make sure that the money and assets continue to grow and continue to be handed down generation after generation without those future generations just squandering the money but making that money grow and the assets grow even after I’m gone, to create generational wealth so that my grandkids and their kids and so on aren’t starting from scratch and have a good shot in life, I am so glad I saw this video
Omg this man is a Dimond! I’ve never heard as much sense. Talked in a 20 minute video ever as this one. Everybody should be paying attention to this information.
My mother sent me this today. As an only child, this was very helpful
Toby, just got acclimated with your videos including this one. Absolutely fantastic! Great job explaining everything clearly. You rock!!
You rock for taking the time to watch our videos!
He only presented a very basic positive side of Trusts. He is a salesman. There is a huge dark side of Living Trusts. Do your research from sources who do not make money from you opening a Living Trust, funding and changing the trust, and administering it when you die. The last cost is hidden; you are dead so you can't complain about the charges and the beneficiaries don't know any better and have no recourse other than sue.
@@ksmith2852 👍
@@ksmith2852 Hi, I have read a few of your comments and wondering who you are and what you are doing for your family at death? I like to hear all sides. I have been trying to get things ready for my children when the time comes. You just seem to disagree with all he says, but I haven't seen yet what your solution is (maybe I missed it)? Thanks for helping me decide!
Good presentation you don't see lawyers giving this kind of advice out to the masses .
Just found your channel. Love how you explain the difference between will and living trust. Thanks for the information.
Thanks for watching!
Thank you for this video. I am already working with an attorney to draft a living trust. We should be completing the trust docs shortly and then it’s all about funding the trust and taking a sigh of big relief. Thanks again.
LOL that's just the beginning there are about a hundred steps in a complete administration to protect us when we're vulnerable and our Grantees Legacies so hire a NICER approved Forgery Proof Legalese Administration Lawyer with a team of Allied Legal Professional Trust Guardians with a Latin Law Permission Ledger Arbiter Interdiction Trust complete administration.
💯. I definitely will be rewatching this to stay knowing. Thank you
We don’t know what we don’t know so I’m hoping Jim Cunningham or Toby Mathis distinguishes themselves among their Bucket Trust peers and advances their careers to a NICER Forgery Proof Inheritance Trusted Advisor.
I don’t even know how I ended up on this video, but I’m very thankful I did! Completely makes sense and need to share this with my mother who is stubborn as a mule. Thanks again!
We are so glad that you found our video, thank you for watching!
@@TobyMathis how do you set up a living trust for ur would be clients in CA? How much do u charge for a simple trust?
@@TobyMathis 😊
Your explanations are refreshing and easy to understand. Thanks for taking the time. I have just become a new subscriber!
My concern is the fact that anything included in the trust becomes an asset to any of the persons listed in the trust and therefore becomes subject to legal actions, should any of the listed folks get in trouble (auto accident, etc) and the court rules they are responsible for payment. So in short, everything listed in the trust could be lost before you are deceased or before anyone can take ownership in the event of your death. In theory you could be kicked out of your house and loose it if one of your kids have a legal liability issue. Not a risk most people would consider if they give it any real thought….
I WILL PUT THIS VIDEO ON MY TRUST AS AN EXAMPLE OF WHAT I WANT, THANK YOU SO MUCH FOR CREATING THIS EDUCATIONAL VIDEO, I JUST REALIZED HOW MUCH OUR EDUCATIONAL SYSTEM FAILED US.
Glad it was helpful!
I cant believe i got all this info at NO CHARGE. Liked and subscribed to least i could to show appreciation. Thank you. 😊
Glad it was helpful!
Thank you very much you Have educated me too a better understanding I was going to do a will but now I don't think so
Thank you Mr Mathis I have 5 children and I would like to make an appointment living will for each of them. I appreciate you taking the time to teach all of us out here.
We do offer free strategy sessions so feel free to sign up for one to see if Anderson is right for you and your loved ones andersonadvisors.com/ss/
I love it! Amazingly helpful. I have experienced a night mare so I want to save my daughter any pain and stress I can. ❤
A living will is very different than a revocable living trust.
Wife and I did a living trust in 1992. She passed in 2015. Just sold our house which was in the trust. Found out one half of the estate was in my name and the other half was in the trust. I was shocked when the title company informed me. I received a check for half of the proceeds. The other half was a check made out to my trust. It has to be deposited to our trust bank account which we never had. I hope to see my attrney at church Sunday to see what I have to do as my credit union will not allow me to deposit the check. Talked to the bank the check was drawn on and was told I have to have an acount with them and then establish a trust account. Really perturbed at the attorney which set it up but he is long gone from here.
You’re not making any sense. You start off talking about the house and then say half the ESTATE was in your name and half was in the trust. The problem is that either the house or other assets were not properly titled into the name of the trust. Don’t blame the attorney, it’s your estate and you’re responsibility to do it.
@@maxcorder2211 You're not making any sense, we've been deceived into believing it's the client's responsibility to perform dozens of complex steps in an administration with the Trust being the first step. Then we have to fund, record, arbiter monitor, mentor grantors, referee grantees, appoint guardians for minors, prevent conservatorships, draft medical directives, inventory and appraise so everyone gets their share, validate check for trust forgeries, certify no counterfeits, monitor distributions, interdict power of attorneys, defend titles and the list goes on to settle administrations.
I don’t have a legacy but this video was so amazing it shifted my perspective on income and privacy
I'm glad to hear that, I hope you check out my website for more free resources 👍
Toby. My brother just sent me your video on Living Trust. I have been struggling with this for some time now, because of miss information out there. I finally can move forward with a living trust.
Thank you so much
Wonderful! Please let me know if you need any further help 👍
Excellent video Toby! My parents and my family had our trusts done back in 2021. It was an instant feeling of calm after we were finalized.
My moms cousin had a trust done. Left 5 cousins 1 million each. The sister was allocated only pictures . she got most of it. I got nothing...the lawyers went in like sharks and that trust was worthless.i contested being taken out. The cousin was coerced by 2 cousins at a bbq. They got away with it. I lost 3 years going to court and learned trusts mean nothing!!
@@pennyulsenberg5931so what’s the solution if not a trust?
This has helped out a lot. I think it will be easier for our properties because there will be only one beneficiary, our nephew, and then his children after him, if he has any. We do have several properties in several states, a business, and a fleet of business cars. This has been a concern of mine for a while now. Thanks for the video.
Thank you Toby, I really needed to understand and you were so clear made it so simple !
Thanks for the information we're going to wait for NICER Approved Forgery Proof Inheritance Administration Lawyers.
Where can I find them, a greedy sibling stole my inheritance, and I want to make sure my kids get theirs?
@@PeterRaiblais NICER FEDS arrives around Super Bowl Kick Off Time.
I know this is a yr old, but i like it. I am to create a living trust, but I do not know where to start. My husband and I are entering into 60 and want to prepare ourselves since our house will be pay off and our 2 children are older now and they can be administrator of the living trust.
Hi! thank you for leaving your comment. You can request a free 45-minute consultation to discuss our proven asset protection and tax strategies and how they apply to your unique situation. You can get it set up here! ------> aba.link/tobyss
Thank you Toby for your wonderfully informative video on the living trust.
My wife and have been talking about a will recently and this video really helped create great perspective.
Great information. I am going to use it. Thank you Toby.
Glad it was helpful!
Thank you sir for this information ! I didn't know and paid a law firm 2200 dollars for a WILL !!! I feel cheated !
I have a living trust it was a little overwhelming but so glad it’s done and I love your explanation here! Great job! Thanks
Did you need a lawyer to complete the living trust paperwork?
@@Dustin4ever I’d like to know also
Best of the best on this subject. You have provided multiple legacies into the future by your valuable contribution.
Thank you for your kind words. I hope you consider subscribing to the channel for more great content like this video.
Thank you for being so straight forward where I am able to understand the need for a Living Trust. Right now we have nothing in place and need advice in Texas
I'm glad the video was able to provide clarity on Living Trusts.
Mind blowing. Many thanks! Will immediately check on Australian version and cross fingers it’s the same meaningful deal. Went through Probate with my beautiful mother in law and it was a four year horror show with all sorts of never heard of “Step kids” in their 50’s putting hands out. Pure distain for those types. Now we have protection thanks to your SELFLESS ADVICE. Bless you Toby!
Tory Taylor 😘
God Bless You we are getting there the past 2 years I have been telling my husband we need a LIVING Trust! No we do not have a lot but house cars and a little insurance money I have seen Wills eat families money up by being in court! YOU DO NOT-KNOW how much you have helped me I called my husband in the room and got him to watch settle! I question we live in small town a small county do I need a attorney to ours up that specializes in Living Trust! We already know who our Trustee will be!
Please keep talking until Mr. Mathis advances his career to a NICER approved Forgery Proof Legalese Administration Lawyer to defend the easy to forge legal documents with a 33-year reformed Financial Elder Abuse Defense Administration Network.
Awesome job at explaining this information. Leaving a legacy idea definitely puts life into perspective as to what is important to you and your family.
Well said!
The very best on this trust subject. Great ideas----look forward to more.
Maybe he is great at explaining the easy to forge Trust but Paul Rainlais American Estate Planners and Mr. Yan at Tree of Life Law caveat the dozens of Estate Plan mistakes that cost us half of our inheritances in Litigation. That makes them the most ethical, opening millions of Jobs in Justice interdicting financial elder abuse with a NICER Permission Validated Trust complete administration.
There are things people can do besides a trust such as PODs, survivorship deeds if married, joint bank accounts etc. Trusts can still be changed by a surviving spouse and this can get really messy if it is a second marriage and there are children from the 1st who you want to eventually inherit your assets. If you leave your assets for the spouse they may change the trust and who inherits.
The only thing that works is NICER FEDS approved Trusted Advisors and Allied Legal Professional Trust Guardians to protect us and our documents when we all reach the vulnerable stages of our lives.
New here. Love your teaching and honesty. I just have a will. Guess I better get a Living Trust. Thank you.
Very informative. We had an expired Living Trust from California but due to moving to another State kept me on delaying to do a new, too many changes. Thank you and I will make sure my husband will watch your video presentation.
We don’t want Jacks of all trades we need specialist that concentrate on inheritance administrations.
Toby has the best personality and fun to learn from!
In many states when someone dies intestate, all that is necessary for the heirs to take legal procession of the decedent's real estate is to file a simple form called an affidavit of heirship. It costs about $250
Only if their estate is small enough (think under $100k depending on state) and no real property.
@@wanderingdeer1114 In my state, Tennessee, an affadavit of heirship is for real estate, without limit of value.
That's why you want to put everything in a trust
Another phenomenal informational video. Better than a paid appearance with a lawyer.
Your video was forwarded to me by a friend and after watching your presentation, it was very informative and to the point. Thanks for sharing the knowledge.
Thank you for this video. I have a horror story to tell if I had the space. You're right, a Will is a joke. Now I just need to find someone that I can trust to handle my Living Trust.
Hi Huacati, thank you for leaving your comment. You can request a free 45-minute consultation to discuss our proven asset protection and tax strategies and how they apply to your unique situation. You can request your free session here! ------> aba.link/tobyss
Ask about
1. Costs to add an asset
2. Costs to remove an asset
3. Costs to manage the trust
4. If it is you and your spouse, what happens when one dies. (I already know...and it is bad)
My question is, person receiving a real estate as gift or inherents real estate from living trust, 1is there tax differences between the above mentioned. ( state of MD) 2. Does the trustee pays taxes from the trust?
There are no differences on the tax treatment of the real estate. The trustee would be in charge of making payments for certain taxes as well as income the trust generates unless all income is distributed.
@@TobyMathis Thank you so much, I am grateful
This is the best explanation of a LIVING TRUST I have ever seen to date!!! Sharing & Subcribing!! 🔥🔥🔥🔥
Mr. Mathis, that was a great video. Very informative. I've been through that probate process a few times after the death of loved ones, and it's been painful and dramatic every time. Grief, greed, and personalities - leads to people doing crazy things. The video gave me a lot to think about for future planning to avoid those sort of scenarios. Thank you for sharing it.
Thank you for watching the video and leaving such a thoughtful comment.
Thanks!
Thank you so much for watching! I appreciate the comment.
Why does a trust cost thousands vs a $99 will? Is it just insurance against the public finding out about all your good stuff? Plus can I do a POD for all the different accounts and a TOD for the house?
I can tell you now a will cost more when you have to go through probate. I wouldn't wish a will on anyone I cared for.
Wills tend to be cheap because the drafting firm is banking on getting the probate when the person passes. The average cost of probate, depending on the study, is around 20% of the estate with attorneys fees making up a large chunk of that. AARP did a study where they compared a will to a loss leader in a store. The will gets them in. The problem with wills or any payable on death or equivalent is that they are only triggered upon death and only cover changing the asset name to another. You will need healthcare documents such as HIPAA releases, Medical POAs and living wills as well as financial documents such as Financial POAs and gift schedules regardless of the will, not to mention you can only create a legacy plan via a trust or similar vehicle. Will are only one piece of a pie but are often sold as the whole pie. A living trust is the whole pie as it includes all of the necessary planning documents.
@@TobyMathis "The problem with payable on death or equivalent is that they are only triggered upon death and only cover changing the asset name to another. " i say, so, changing a pod cd to the beneficiaries name means he/she now owns it !!!
Thank you, your video was excellent!! My mom 80, has a Trust and I had questions on it where I called the lawyer who wrote it up but even still, you were very helpful! :)
Great Information and thanks for fighting the good fight. Soooo much information and so much misdirection out here that it’s hard to find the best most efficient way to stream line things and protect yourself while you’re here and when you’re gone. Again, thanks for the great information!
You are very welcome, thank you for watching!
Have had a trust since 1980. Awesome.
Thanks!
Thank you for the super thanks!
Can there be a lean against a living trust?
Good question since we fund it at the county recorders that is a definite possibility, and since Anderson Advisors uses the dangerous easy to forge BAR documents instead of the Latin Law Crime Interdiction Administration Trusted Advisor's forgery proof documents an inheritance thief might steal our inheritance.
Yes, a living trust is an extension of you and does not provide asset protection or separation because it is revocable.
Is a living trust the same thing as a living Will? And can the benificiary also be in charge of the distribution?
We recommend joining us for one of our free events to learn more on this subject andersonadvisors.com/tapw-5-21-22/?