To get your question answered, please submit it to podcast.mainstreetbusiness.com/ OR if you want to get set up with one of our amazing Tax Advisors to dive further into your questions, please head to markjkohler.com/tax-advisor-network/ - thank you!
It depends on what state you are in. In CA you can have a basic revocable trust. But in many states you need an irrevocable trust that is established years before you need Medicaid benefits.
Hi With it be possible to have a podcast for trust fund for a start up business that has not much of market value now please And what about if it is a kind of later and the business start making money How does setting up helping the taxes Do you have lawyers in new Jeresey that can help me with this please Thank you
Although these guys say they can do trusts in other states. Don’t let them do your trust if you are not in a stat they are licensed in. I am licensed in two states and the law is significantly different in those states. Search for a good local attorney in your state. There are significant property tax, transfer tax, and Medicaid issues that are unique to each state.
Thanks you two I really appreciate the wealth of information you guys always provide and refer you two to everyone I know. Thank you I'm always emailing your links to friends and family. To your continued success.
It's so sad that such a well-done movie would portray that people who knew the truth have a second chance after the rapture. This is not Biblical. The Gospel that is preached after the rapture is for those who have not had the opportunity to hear and accept the truth before the trumpet sounds. The door to the ark was not reopened for those that all of a sudden believed when they saw the first drop of rain. 2 Corinthians 6:2 (For he saith, I have heard thee in a time accepted, and in the day of salvation have I succoured thee: behold, NOW is the accepted time; behold, NOW is the day of salvation.) Amos 4:12 prepare to meet thy God
i need two trusts (with EINs) this month so i can fund it with my currencies so nothing ever shows as in my name! i also need other entities so it is well structured!!!!! sos
The Delaware Statutory Trust is not something you would set up yourself. It is something that you can buy into to differ capital gains taxes when you sell an appreciated pice of investment real estate. It is a great tool, but you don’t set it up, you buy into it with a 1031 exchange.
If I am just trying to cover my home, can’t I just add my kids on deed with right of survivorship? That’s how my house was titled so when my mom died, the house just belonged to me. My kids are all adults.
Bad idea. For several reason. Increased risk(if any child gets sued the asset is at risk). Perhaps the biggest issue is the loss of section 1014 step up in basis, meaning your kids will play much more in taxes.
What kind of Trust you need to protect your home from Medicaid?
To get your question answered, please submit it to podcast.mainstreetbusiness.com/ OR if you want to get set up with one of our amazing Tax Advisors to dive further into your questions, please head to markjkohler.com/tax-advisor-network/ - thank you!
It depends on what state you are in. In CA you can have a basic revocable trust. But in many states you need an irrevocable trust that is established years before you need Medicaid benefits.
Thanks MJK and Matt Sorrenson? but you guys rock! Thank you so much for the Tax and Tri-Fecta information!
Hi
With it be possible to have a podcast for trust fund for a start up business that has not much of market value now please
And what about if it is a kind of later and the business start making money
How does setting up helping the taxes
Do you have lawyers in new Jeresey that can help me with this please
Thank you
Can you develop a Family Trust in VA ?
Although these guys say they can do trusts in other states. Don’t let them do your trust if you are not in a stat they are licensed in. I am licensed in two states and the law is significantly different in those states. Search for a good local attorney in your state. There are significant property tax, transfer tax, and Medicaid issues that are unique to each state.
Thanks you two I really appreciate the wealth of information you guys always provide and refer you two to everyone I know. Thank you I'm always emailing your links to friends and family. To your continued success.
It's so sad that such a well-done movie would portray that people who knew the truth have a second chance after the rapture. This is not Biblical. The Gospel that is preached after the rapture is for those who have not had the opportunity to hear and accept the truth before the trumpet sounds. The door to the ark was not reopened for those that all of a sudden believed when they saw the first drop of rain.
2 Corinthians 6:2 (For he saith, I have heard thee in a time accepted, and in the day of salvation have I succoured thee: behold, NOW is the accepted time; behold, NOW is the day of salvation.)
Amos 4:12 prepare to meet thy God
Perfect timing! I just got my binder from KKOS and am going to the Phoenix office tomorrow to sign all the pages with your Notary
All you need is a transfer on death affidavit. Way less money than a RLT and avoids probate.
We'll be setting up our trust this week. Enjoy Maui! Aloha from Big Island!
i need two trusts (with EINs) this month so i can fund it with my currencies so nothing ever
shows as in my name! i also need other
entities so it is well structured!!!!! sos
I'm in "Legacy Week"...
How can we contact you?
The number for my law firm is 888-801-0010 or you can email contactus@kkoslawyers.com
Thank you
Be careful for scammers. My friend lost it all.
The Delaware Statutory Trust is not something you would set up yourself. It is something that you can buy into to differ capital gains taxes when you sell an appreciated pice of investment real estate. It is a great tool, but you don’t set it up, you buy into it with a 1031 exchange.
If I am just trying to cover my home, can’t I just add my kids on deed with right of survivorship? That’s how my house was titled so when my mom died, the house just belonged to me. My kids are all adults.
Bad idea. For several reason. Increased risk(if any child gets sued the asset is at risk). Perhaps the biggest issue is the loss of section 1014 step up in basis, meaning your kids will play much more in taxes.