Seven Ways To Leave Your Estate To Your Children

[@lvnmykdz]

I am in the process of working on all this now. You are so easy to understand… I appreciate you talking in normal language… sometimes professionals forget to talk so those who don’t do your type of job understand. My husband passed this year. Amen to the Trust. Now prepping for when I jam to Heaven. I’ll be forwarding this to my kids.

[@wompol7117]

me too

[@lauraculotta708]

Thank you for all you do for us

[@lifewithtashabae4846]

Great info ! Glad I found you !

[@VIPReefAquariums]

Awesome Q&A . Thanks for your time sir!

[@everetjackson143]

Invaluable information. Thanks.

[@HB-yq8gy]

Thank you Paul great clear explanations. In New Jersey probate is very efficient. Not a long wait.

[@jeannierobertson1210]

I love your videos I learned a lot. From Michigan

[@shannybear]

You rock! Appreciate your Channel👍

[@traciebecker6669]

How to leave my debt free estate to my 4 adult children without having to go to a lawyers office.
I am severely disabled and my entire estate including house and land, car, tools, furnishings, etc. is valued under about $285,000.

[@marianmartin9441]

Simple! I just want to know the easiest, cheapest way to leave my house and 2 acres to my 2 children now while I am still alive. Simplest and cheapest. My children are 40/50 vr. old and own their own homes.

[@d454b]

Based on what this gentlemen said, sounds like a will would be the fastest and cheapest.

[@flips6908]

Thanks for the great advice! Everything with leaving estate to children is reactive after you’re dead. Why not help out your children while you’re alive. I set up Roth IRA’s for my 16 and 20 year old children and are matching 100% up to $3000 to max their $6000 year limit. Both children don’t make more than the$144k income limit and it is a great way to get invested early.

[@kimikasawyer8455]

Love this channel but why do you read the questions so fast?? I've had to back up this video 7 times to understand the questions you were answering

[@candyman1725]

Honorable Father passed as a widower left inherited IRA Account's/Other Access. Father's will not found in home so far where to begin to access will trust ect.... I've Paid Taxes 3yrs Not sure to continue, family from father side want to go over documents(life/Insurance's ect... I'm not comfortable with demands unfortunately there now trying to force Myself/Grands out the home states it belongs to them All Advice to protect Mother's & Father honest hard earned Legacy

[@annamartino5681]

Dear Paul, thank you very much for your Videos on Estate Planning and Tax Law and Financial Planning! It would be interesting to hear about UTMA vs 529 Plan for Education and how this can impact College Financial Aid for Children. What would be the Tax Penalty to withdraw for other types of expenses than these accounts are set up for. Can any trust be set up like UTMA but the one in which Money would remain in the Trust and only be for Specific Life Events and Expenses, such as for example College Education and Housing while in College, and only if Working during College Breaks to supplement Educational Expenses, then Unlimited Education and Housing while being on PhD Degree or Doctors and advanced Dentistry Degrees with GPA above 3.4 and then the remaining Funds to be given to a Future Family Members or Relative of 1 & 2 Degree and their Children?

[@nareshvasishth4034]

You are fun guy.

[@eaviram]

Please do a separate video on rental property!

[@kithall1]

What about a transfer on death set up?

[@22Deblyn]

Could you possibly do a video on dealing with trustees or Power of attorney and accountant who refused to provide the documents to the beneficiaries of a will or a trust. What rights the beneficiaries have To get that information.

[@marketinginternational2738]

What a handsome Lawyer. And so intelligent. Wow....

[@bulldogfightingforfreedom]

WTF .. intelligent yes, but ….. handsome .. 🧐🧐

[@threadsbyelle6077]

How is putting your house in a revocable trust different then a beneficiary deed? Thanks

[@threadsbyelle6077]

Another question?? What if a trustee you assign to your trust that disperses ‘$$ as sees fit’ , passes away? Who is in control now?

[@motokev2727]

I'm interested in setting up some sort of trust for tuition only.
So my future grandkids/great grandkids can access tuition money.
Every deal with this ?

[@moneylife5586]

I'm 55 widow and have 2 homes and some money and life insurance and would like to setup irrevocable trust and put all my assets for my 2 children and 3 grandchildren. I'm not confident my kids can handle things the way to make it last for generations. But I'm not sure about the taxes on the total account for NY.

[@petermenor8074]

What makes a good trustee?

[@petermenor8074]

Peter from AZ

[@lindasamuelson6191]

Does being a direct blood relative come into play when doing a trust or will?

[@wompol7117]

can i fund a separate iul policy for each child with trust being final beneficiary but hey can borrow from iul for lifetime needs? should that part be in an irrevocable trust? will that protect them from divorce protection?

[@loopsscoops5836]

I think your videos would be great for the entire family to watch so everyone is on the same page and aware of what will happen. That way a lot of these issues can be discussed as a family.

[@leighzushuk5794]

If originally you had 3% for a named trustee in will but also made trustee a beneficiary and want to stop the 3% do you have to have a letter from trustees accepting the decision. Will notarizing a letter be legal?

[@leeman21]

Ok, I'm single 63 Male. Have a net worth of about 1.5 mil. I have 3 sisters and they are in my will. My question: I don't want to leave my inheritance to my siblings children? Is there a loophole to send my siblings share to lets say.......my university? this stuff gets complicated.

[@PeaceNoWar288]

7:30 ✅

[@forestbrinkley8597]

Is there a time limit to probate a real estate left to family members.

[@generallypositive7535]

how do trustees get paid and how much approximatelyif you hire a company?

[@sandimcclary9074]

In Wisconsin there are different rules for divorced couples . With the national divorce rate so high, why can't I find help in that area?

[@jamessikes3288]

Please explain an irrevocable trust

[@georgemathew6633]

Do you have any software or reference for a special need trust for a disabled child?.

[@janedeitrick4331]

I want to set up a Revocable Living Trust and leave my home to my son, this is the only asset I have, my attorney doesn't think I need a trust and suggests a will. He also told me a Trust would cost around $5000, I don't have the financial needs for a trust. Is there a way to avoid inheritance tax for leaving my home to my son?

[@52778mrt]

Is your 401k or IRA up for grabs if your spouse enters nursing home care?

[@CAJUNBEE]

If u have a trust and you owe hospital bills and other bills do they have to be paid out of the trust?

[@lynnlynneatandplay]

You look different in this video 🙂. I have two adult children and I have a question about using RLT to leave assets to children's trust as you mentioned in the other video. Who is going to set up the children's trusts? Do you mean trust bank account as oppsed to children's living trusts. Do I have to ask my children to set up their own living trusts?

[@gigiis526]

You set up a trust as your kids are the beneficiaries after you die or even get a % before you die

[@user-vb8sg8hx3g]

Parents are elderly..six adult children (totally dysfunctional family)
Can we ALL be involved ?

[@darrylhaynes]

If I wanted to retain your services how much would it cost me

[@celsavaldez3659]

What will happen if the trustee die , can the kid have all his inheritance

[@asirraeguma603]

How can I in nigeria benefit from your talk? We don't have living trust law to guide us

[@MoneyBthemotive713]

What do you do when your broke or basically work pay check to paycheck I wanna pay into it monthly. Help , anyone

[@lowellcorrell896]

Do life ins. Policies need to be included in a trust

[@abitoffcenter383]

I have sorta a dumb question, maybe dumb I'm not sure.
My wife's step father passed in a head-on vehicle accident earlier this year. He considered himself her father. Because he was since she was 3 years old. She's now 50. She was his emergency contact. Unfortunately he had not fully completed his will. As of right now she has been cutoff and excluded from EVERYTHING by his sister and a friend of his where he lived (Massachusetts). We live in Texas (Howdy neighbor 😁). Is there ANYTHING we/she can do? They won't even give her his attorney's name or even respond to calls or text messages.
ANY advice would be GREATLY appreciated!!

[@manuelahernadez5757]

Trust me. Good is going to take care ,of her sister,you will see it!!!

[@iswhatitis4232]

What happens when original POA/Son was removed as POA through emergency conservatorship hearing due to commingling/elder financial exploitation? How can it affect inheritance?. Mother has now passed 2 months ago to dementia/Alzeimhers...following situations exist..
1. Son/Poa Had Mother co-sign on 15 yr $40,000 student loan for Sons daughter 2 yrs prior to death...reported as fraud to Sallie Mae.
2. Son/Former POA paid wife and himself a total of $2000/month for 1.5 years while caring for Mother, and continued for 1 year after mother put in assisted living....payments for POA/ lawn care/taking her to appts
3. Court required former POA to supply an accounting...this was ignored..deadline passed months ago, cause for contempt filed..what kind of punishment can judge give?
4. Mother lived with Son/Poa 1.5 years prior to assisted living in a house she owned/in her name 100%. Has another house...Her house 100% paid off. Son/former Poa tied up her fully paid off house days before court removed him as POA in a lease to own $900/month w/ 100% of payments going to lease to own purchase price of $200k on a house worth $350k
Total assets remaining.....2 houses...1st has $100,000 owed/$250,000 value, 2nd house $0/$350,000 value...tied up in lease to own....$15k left in retirement account, $5000 cash
Heirs 1 daughter, 1 son and 1 son who was former POA...3 children total

[@CAJUNBEE]

Wow what a mess. Good luck on fixing that mess.

[@user-xu1rs1hc4u]

How does a mother leave my daughter to get my house and property in Alabama without going thru Probate?

[@everetjackson143]

Leonard from SC, IS THERE ANY WAY I CAN insure that my children retain some interest in the sale of the family home if and when my wife sells the home at some future date

[@SusieAspen]

Sure but it's not what you are thinking, so go and talk to an attorney...

[@chelescreations3638]

I want to leave my house to my grandson and son but his live in girlfriend will take it all how do I keep her from living in the house with them or coming on property she’s very abusive he will sell house and give to her and my grandson won’t be able to fight her. So I can’t leave my son anything can I have say so what happens when I’m gone. Help

[@TheWallofWealth]

I have many clients putting their assets into their child's name now while they are living. Does anyone know if this is a good idea?

[@SusieAspen]

I know. No, it is not a good idea. It is a very bad idea for dozens and dozens of reasons.

[@TheWallofWealth]

@@SusieAspen Are you an attorney?

[@minnietorres8570]

My father wants to give his house to my son who has been taking care of him what advice can you give us on how to do it where we don't have any problems we live in New Jersey my dad saw an attorney who wanted to do a quick claim did but other person's told us that is not the best to do it my dad is 83yrs old my son 34yrs.I wish you were here in this state we follow your videos thank you for your service.🙏

[@gigiis526]

Some people have said to put the person on the deed alongside original deed owner.

[@uninsurable9028]

You probably need an elder law attorney to advise you.

[@Ida_Clare]

Transfer on Death Deed

[@CAJUNBEE]

U could donate the home now while he is still alive. And ask him not to sell it until dad passes away. I'm not a lawyer.

[@minnietorres8570]

Thank you all for the advice blessings from New Jersey💗🙏

[@CAJUNBEE]

What is your website address again? 🤔

[@dt3133]

If I do your 4 min. will does it supercede my irravocable will and trust

[@Bittersweetmemoirs1118]

Can trusts be amended?

[@jeroldpaquette9068]

Of course! If it is a revocable AND AMENDABLE TRUST.

[@LJ-jq8og]

Almost always if revocable. Irrevocable trusts are much harder, if not impossible depending on state law.

[@vinapatel4913]

Gujaraati mein transfer kro

[@mikehodes8029]

Property to kids , one good one bad

[@canaanatkinson7830]

[@KKing55]

Please get your heart checked out and get an LP(a) test. Sooner than Later.

[@leighdevereaux9808]

How sad that so many people are eager to control from the grave, assuming their adult children have no capacity to manage their own finances. It’s the final “gotcha” from overbearing parents.

[@LJ-jq8og]

You obviously have no idea of reality. Having had 6 decades on this earth and children you have no idea what can happen to them. Alcohol abuse, substance abuse, psycho (Amber Heard type) wives, automobile accident judgments against them. With all due respect -- having been through enormous litigation and succeeded -- your arrogant comment reveals you are either really young, clueless,, or have been "blessed to the point of absurdity." You sound like a "virtue signaler" using the term "overbearing." Some of us who have made millions want to protect it from people who think like you.

[@golden.lights.twinkle2329]

Neither of my kids have any financial sense at all. Their only thought is "I have it so I can spend it".

[@LJ-jq8og]

@@golden.lights.twinkle2329 Your excellent point cannot be overstated ! The youth in my neighborhood: $12.00 cheeseburger, Home delivery 14.00, tip 6.00 = $32.00 meal. INSANITY.... Good kids just outright CLUELESS...

[@nwalker2619]

Not everyone knows how to properly manage money, even if they've had good examples. When you've spent your life working hard and making sure your kids and grandkids are set it's hard to know that some kids would just blow all that and not set up the next generation.

[@SandfordSmythe]

Some one said if you are going to give a gift, wrap it up in a nice package with a pretty ribbon. Unless there is a good reason, let your kids be adults. A trust can be a real problem to your grown-up children in them being able to plan their own lives. It will be resented as continued interferences and control. They will be giving you the finger, and that will be your legacy. Seriously.

[@richricogranada9647]

LEAVE YOUR MONEY FOR HONEST CHARITIES IF YOU WANT TO MAKE A DIFFERENCE. LET THE OFFSPRINGS MAKE THEIR OWN FORTUNE. .

[@christianwagnon2256]

Better to stretch it out and then do consider the way life is today pP" BAD and under direct stress.

[@vinapatel4913]

Hindi mein bat kar

[@canaanatkinson7830]