Protect Your Assets Using Trust Funds
ฝัง
- เผยแพร่เมื่อ 21 ก.ย. 2024
- Protect your assets with Estate Planning by creating a revocable living trust with these 5 Must Have documents
► My Stock Portfolio: / andreijikh
► Get 2 Free Stocks on WeBull when you deposit $100 (Valued up to $1000): act.webull.com...
► Try Audible and Get Two Free Audiobooks: amzn.to/2ouTHKS
► M1 Finance Roth IRA: m1finance.8bxp...
► Stocking Stuffers for the Holidays: www.ipo52.com
► ROBINHOOD Free Stock (grab your other free stock): robinhood.c3me...
► How I Make My Videos: www.amazon.com...
► Music In My Videos: www.epidemicso...
►Instagram: / andreijikh
► www.MAJIKH.com
Estate Planning is not common knowledge. Most people have no clue what it means or how it's used. It can be one of the best ways to protect your assets and transfer your wealth without the hassle of the probate process. This video will discuss the 5 must have documents when creating a trust and how it's used. A living trust is not the same as a last will and testament, it's much more powerful!
When someone passes, the process of figuring out the validity of the will is through a process of probate. In order to avoid heavy tax penalties and potential debts, creating something like a revocable living trust is essential when transferring your estate.
Here are the 5 must have documents when creating a trust. Please consult an estate planning attorney at some point in
1. Last Will & Testament - www.rocketlawy...
2. Durable Power of Attorney - www.rocketlawy...
3. Power of Healthcare -
www.rocketlawy...
4. Living Will -
www.rocketlawy...
5. Living Trust
www.rocketlawy...
*Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
![[LIVE] : ONE ลุมพินี 80 | คู่เอก "รักษ์ vs ยอดนำชัย"](http://i.ytimg.com/vi/ckLMRorsMeY/mqdefault.jpg)
Being a tax accountant and being married to an attorney I take this for granted but amazingly valuable video Andrei, everyone should bookmark this.
Also my kids would be jealous of your Pokémon collection. 😂
Thanks Derrick! You're definitely lucky in that regard! I think I'M jealous of my pokemon card collection. I can stare at it for hours - it's unhealthy 😂
Already added to my public "Finance & Investment" playlist. 👌
@@derrickmichael-simpleautom2488 Pokéman
I paid over $500 to my attorney to process all this paperwork for me. Feels good after all the paperwork is completed, signed, and notarized.
Good job!! 500$ is a really good price for that. I think everyone should have a trust
Be sure that your trust is funded with your assets. Otherwise your trust is is just an expensive useless legal document.
Wow that's affordable! Who did you use?
WOW how lucky you are, normally i have seen the estimate for all this between 2000 to 4000 us, including the transfer of the deed.
Started following you three months ago and have built my portfolio to $2500 from $0 while keeping to your rules of only 25% in each sector and finding solid companies, etc. Thanks for all you do. You are changing my life for the better.
Thanks Josh, keep it up, keep investing! :D
Where are you now portfolio wise?
"I 19 year old. I don't need trust, I verrrryy young." *clicks out* 😂😂 Jk still watched the entire vid cuz everything you say is gold 😹
#gold
They could still sue you at 19 sadly
Pro tip, don’t appoint a family member or individual as your successor trustee. Appoint a professional or trust company to serve as your successor.
Any reason why we need to appoint some trust company.?
How do you know the manage your assets after you gone
@@roopapriya7159 you don’t “need” to. However, be prepared to ruin family dynamics if you name a family member. Your trust agreement is your wishes, it should be followed by your trustee, whether they’re an individual or trust company.
I loved your video. I recommend everyone check with their attorney. For instance, here in Illinois, if I were to place my house in the Trust and someone gets injured in my home and sues me, the whole trust is at risk. I have to maintain 1% ownership of the property to avoid this risk. FYI
I appreciate this video, most videos I watch (and create) are focused on wealth generation. The preservation portion is JUST AS IMPORTANT!
Literally was talking about this process with my mom and i told her ill look it up and get back to her. Thank you for this video!!! 🔥🔥
I can’t believe this information is free. Now I just need to increase my $37 net worth to justify having a trust 😮💨
I smashed the like button before you told me to. You've trained me well.
Thank you Katrina haha that made me laugh
Smashed noooooo destoyed lol 😆 😆 😆
With maybe 10 years left in the gas tank of life I have been thinking of "estate planning" so this was very timely and useful to me and I shall peruse the documents. Having sworn to hodl till Hell freezes over (which happens in the year 2140 - Satoshi was clairvoyant) have been wondering how to pass on the crypto without some probate court turning it into fiat.
Leave your 12/24 word seed phrases behind and they can just assume control of your wallets. Easy as that.
Don't forget to set up a trust for me! 🥰😁
This video was absolutely awesome. I watched it 1.25x, and I just induced every bit of information you had to share.
This is creepy I was looking for this information about an hour ago.... and you have gone and made a video!!! Thanks Andrei!!!
The heirs to Jimmy Hendrix estate went to school with me up here in Seattle. Prom after party at their mansion. 🔥
I'm excited for passing my trust. We're going to play a little game. It will be the last thing I do. PS I'm glad your looking healthier these days Jikh! That music at the end was super chill
Watched you latest vid where you mentioned how this was your lowest viewed vid. Now its in my recommendations
The only way to protect your assets in regards to a divorce is very hard. There are only a few ways to do so. A irrevocable trust or have your assets in offshore accounts and assets that can't be claimed by a court. Family court judges will throw out prenups, etc. and even force you to revoke a revocable trust. If it's a asset the government can get their hands on, rest assured the judge will give it to the woman. Or live in China, in China the man keeps all, or most other Asian countries where divorce isn't such a racket.
Best finance TH-camr by far. Not everything always has to be serious and that’s what I like about Andrei. So I always come here for the knowledge as well as the laughs and puns. Thank you. Amazing video.
Great resource! Thank you. I'm going to share with my family. I just hope my grandparents actually listen
Idk who Will is but I don’t trust him
lol
😂😂😂😂😂
"I was once a Russian who didn't know how to use articles" bilingual grammar humor, love it
I wondered what he meant by that. I get it now, thank you. I got my undergraduate in linguistics and still missed it.
Thanks for the video! Super smart to protect your ass(ets) -- stuff you never want to think about.. Just like insurance, when you are young you don't worry about benefits or insurance.. and then when you need it you wish you had covered your bases. If you have a material amount of assets, I'd recommend talking to an estate lawyer.
I have tried to understand a trust up until I listened to Your delivery, I now know what trust is and how to easily accomplish the job, no longer is it consodered a drugery simply by the way you presented it, in fact it might be a blast accomplishing ithe task, thanks Andrei, might I say you now own an awesome home, kind regards young man.
He is so right at 8:35 about pronunciation. Preach my n---a.
That "pokeyman" thing used to trigger me all the day in my elementary school days lol like "what are you saying??" lmaooo
Here from your How The 1% video.
As I license funeral director this is some gold info for people. Only thing I could add is when you talk about the health care POA there are many different kinds and one crucial thing is the major words “right of disposition”. This can save some family issues. It makes said person have all rights to arranging the services. All other POA’s are null after the person is deceased. Everyone need to get these things together. Sorry for long comment. Me and my wife just started investing and we love watching you and your friend Stephen Graham. You have helped us a lot. Thanks and keep up great work and content.👍🏼
The Pokemon B/W flash back emotional interruptions...priceless! Not to mention one of your most useful videos. Wow, excellent content. Another well earned like button. :)
Man one year can change a lot of people.
Excellent Video Andrei! Love the content! Definitely will be setting up my Trust soon!
Great to hear!
Funny. Meeting with my attorney about this in 2 hours. How about expanding on asset protection from creditors and lawsuits? Great video pal
Its' like a feast, all the sharks come and feast! My favorite part of the video.
Hi, not completely my case, but what if you don't have children, not married, have a partner, no one to leave you money to, don't trust anyone (or will do something in order to get you ill) to keep you safe in order to stay with the inheritance. I believe most people who don't leave a will is for that same reason, money is a double edge sword.
Fantastic video, so valuable. I have had this on my "to do" lost for 20 years while raising kids! You put all the info I was seeking in an easy to understand and entertaining video! Thanks, Andrei! 😊
I have heard not much about trusts so this was pretty informative to learn more about it. I know my grandpa has one, that's my only exposure to it so far.
I just wanted to say the random stuff you also include in your videos like the pokemon cards and the dolls and everything is just so fun. I can tell from not only that but also how you present yourself in these videos that you love making these. You are super good at it too by the way, your editing is on point. Looking forward to the next one!
I'd really enjoy your video, your sense of humor makes me smile. Especially that probate analogy and sound effect. Just love it!
Your videos are so cute and funny! I always laugh when I’m watching. Great information too. Thanks Andrei
That there... is a mint condition Pokémon collection 😂
I will like all of your videos since 2021
I like all the random, well shot, stock footage shots sprinkled in the video and stylish redundant gfx. Makes it more interesting!
Thank you! I love being excessively and pointlessly redundant for your entertainment 😂
Thank you! I always wanted to get this done and never knew how to start
Looking at this video realizing that, I have no one to leave my will too
I’m here for you. Even if you don’t, worst case find something your passionate about and either setup a scholarship fund that will go to help people with the same passion, name the fund about you can’t be forgotten if that happens or maybe a charity?
7:02 You dont become the the trustee, you become the beneficiary.
I almost forgot to like this video until we started talking about “prostate planning attorneys”.
Whoa dang! Pokemon!
That Music box though!
That cool outro music!
Oh yeah and thanks for the useful info😉👍
Thank you! I’m proud of my poke man 😂
Thank you for this value information wow well explained thank you.
Very important info. Thanks so much Andrei. And thanks for not making anything an affiliate link. It makes it even that much easier to trust you... knowing that you're not making extra money on everything that we may click on.
Very smooth on the sample trust name 😃
Excellent and informative video!
My family set up a trust many years ago for those reasons you’ve mentioned in the video 👍
I know need trust, I very young . RIP Prince😢
i get attorney coverage from work - im making appt to get these docs processed - thanks for the reminder Andrei
Nice video keep working this way and the top is yours!!💪
I agree with you ! His video are extremely unique.
20 and wow thank you so much for this
Thank you again Andrei for this great video. Perhaps at the beginning of each of your videos you could suggest that everyone come to this very video. The action of guarding ones wealth and assets could protect the ones we love most. Keep up the good work! Barbara
I love you music choice. Especially the piano, sounds very ludivico einaudi
There goes my afternoon. Well, since we're on the topic, can you make another vid that explains or leads to an explanation of what happens to a persons retirement fund if they pass away early? Like, they spent all that time setting aside that money, working, sacrificing, disciplining themselves... So what happens to the fruitylooms of their efforts if they kick the bucket early ? What can they do to assume a smooth transition of their retirement payouts to their college bound kids or their hypochondriac husband, etc?
Bulbasaur was one of the hardest cards to find
Great Video, I been finalizing my Trust and when it's complicated it takes more planning and work by the one that wants it.
Smooth Ending/Outro Video Production Mate...
Every week you're becoming more of my spirit animal. Keep them coming!
😂 thanks Vinny!! :D
I am circling back to this video since it didn't get love in 2019.
Where there's a Will, there's a Way but where there's no Will, your family is gonna Pay.
Just want to say thank you for all the valuable content you put out. You really just don’t know how much I appreciate your content and transparency. Continue doing great things!! Thank you 🙏🏾
he's a BOSS. Just smooth videos that have great content. He surely is very organized and prepared.
*even today I stand tall as Michael Jackson’s brother in laws sisters best friends dad*
Still waiting for my $10 mil share 💁🏼♂️
😂 5 degrees of Kevin Bacon!
You are the best and the best of all
For my kids, if I die while they are still school age they have to wait until they are 22 and then they get the first lot from the trust, then the second lot is paid out 5 years later. So if they mess up the first time around they get a second chance. But hopefully they won’t do that because I’m subtly teaching them about finance as we go. Also, I hope to live longer than that!
I went with 25 and 5 years later, but yeah, same, based on advice from the attorney I used to put the trust &c. together. And props for teaching yours about finance, even if subtle. Just seeing you make time to balance a checkbook or review a brokerage statement, and take pride in getting that done, is modeling that will stick with them and make an impression.
@@PapaCharlie9 Yes, my reasoning was if they did a four year college, then they might need that money for some debt repayment. Very close to my boys and I know both of them will be devastated if I'm gone, I don't want them to have to deal with money worries on top of it. Of course I have 529 accounts for them as well as brokerage accounts. Live long and prosper!
That jimmi hendrix fact pisses me off
Andrei. Thank you so very much for the info. Also thanks for all your time and effort to pass on knowledge. Keep up the work!!
...Makes sence, spend your whole life trying to make money... to just throw it to the wind when your gone.
Better to have a plan.
Sensational. When there's a will there's a way...
I see what you did there... 😏
@@AndreiJikh 😏
Wow thank you so much for breaking this done. Being wanting
to get clarified facts and there you go! 👌😊
This is very good information man. Thanks for opening my eyes and informing us youtubees... or are we youtubers? Whatever we are... thanks!
Omg You have a monchichi doll😱😱🙌🏽❤️❤️❤️I had a bigger one when I was growing up in Puerto Rico ❤️❤️I have not seen those in forever
Great Educational Video Andrei
Good for you, nice for you to remind people to get access\ things put in the trust immediately
So what trust protects better with lawsuits or divorce????
As usual, valuable information. Thank you Andrei
8:30 - OMG!!!! My dad would always say "pokemans"! 😂😂🤣🤣
I too would get so triggered! 🤬😂😂🤣🤣
Can I “fund “ my trust with the stocks that I manage through online apps such as Robinhood and if so how? Thanks for all of the great advice!
thank you, thank you...'specially liked the happy music at the end!
All of this info is written into my Living Trust. They don’t have to be separate documents like this.
Great information. Thanks.
To be honest I found you as one of the best cardistrymaster ive ever seen. I subscribed before you reached the first thousand. But now i have to say goodbye. I dont even remember the last video with cards so for me there no more content here. I dont know why i wrote this, it would be easier just to press that button but i want yoi to know, i really appreciate everything what i learned from your videos and i wish yoh the best with this channel in the future! Hopefully one day the youtube will recommend your new cardistry videos 🙏
Take care man
Dope stuff man, wish i had known about this earlier
Thanks Jaye, it definitely helps to know this as soon as possible
U say that like u dead already. 😂
Interesting topic Andrei but we all need to know about this! 👍
It's halloween season, felt appropriate :D
Great job. Clear, concise and very informative. Oh yeah, borderline funny.
Past Andrei, always good stuff
AWESOME Video Andrei. I am in the process of making a will as we speak.
Nailed it Andrei....very important stuff....Grandkids talked me into playing pokemon not man go and I'm on a journey to get a Charmeleon evolved to a Charazard....(rolls eyes). Back to the trust. My own is set up to continually re-invest in viable assets up to 50 percent of all dividends and distribute the rest among heirs but only if they are gainfully employed....No free rides!! Or do what I did.."invest"..lol... There goes a charmander..."shoot, I'm out of pokeballs.." keep it coming, Andrei...........
Great video.
Thank you.
Great info, thank you! And awesome outro!!
This mans voice. Wow. 😍
I have a question somewhat related to this topic... is there a way to transfer a dividend portfolio in its entirely to let's say a child in this trust? How do people if it can be done, do this ?
Thanks for all the information and wonderful content Andrei. Have a great weekend.
My grandma just died.
My trust is 3.2 million
With 1.5-2 million when my grandmother dies
The trustee company says it may take 9-12 months to fully get things going before giving out money??
Also a question but what happens to my trust if we go into a depression or the banks collapse???
Love you precise you were in explaining everything
Nice watch
Smashed the like button immediately after seeing the Pokemon cards
This video is absolutely amazing. Thank you very much. Subscribed.
I appreciate your videos and the knowledge you give us youngins
Can you put digital assets like Bitcoin in a trust or your llc company