I’ve been debating whether to set up a living trust or stick with a will. Retirement is already challenging, and I don’t want my family burdened with unnecessary complications when I’m gone.
Exactly! Plus, I’ve seen people leave everything to chance, thinking a will is enough, only for their families to face unexpected legal fees or disputes. I worked with Joseph Nick Cahill, a trusted CFA, to get my financial plan in order, including advice on trusts and estate planning. He even helped grow my portfolio by $400,000 in under three months through better investments. Free consultations, too-worth looking into.
It depends on your goals. Even if you’re not leaving millions, a living trust can save your family from court delays and fees, especially if you own property. One mistake to avoid is thinking you don’t need a plan at all-too many people lose tens of thousands by ignoring this step. A good advisor, like Joseph Nick Cahill, can also optimize your portfolio while addressing these concerns
Thank you so much for the suggestion! I really needed it. I looked him up on Google and explored his website; he has an impressive background in investments. I've sent him an email, and I hope to hear back from him soon
Parents had Trusts, we used a para-legal service to handle state/federal filings, taxes, and final closure of the trust. Dividing assets among siblings was done by trust successor trustee/executor- The house was retitled, rented and sold. The trust involved multiple brokerage firms and a handful of individual stocks. Dealing with these ranged from easy to complicated because each asset (mutual fund or stock) has different forms and rules…… the idea was to transfer everything to a single brokerage firm (Schwab) before doing distributions to beneficiaries. In a few cases certain stock transfers had too much red-tape (BNY Mellon P&P) - in that case, the assets were sold and the funds transferred to the trust account. Process went on over a couple years. *** note keep an account open for a long time - the IRS showed up 3 years later and wanted to refund a couple hundred dollars with a check payable to a non-existent entity. They were willing to change the payee from ___ to ___&___.
Trust and Will: Greedy Trustee, Executor, and Thieves steal our legacies. NICER Forgery Proof Trust: Trusted Advisor Certifies so rightful heirs get their shares.
My mom left me trustee and I so glad because I didn't have a problem taking care of her final stuff. I didn't have to wait to do anything so I got things done in . It was less stressful than if I had to deal with probate court . I would highly recommend people to do that. She did a living trust.
How about the tax ? If will , it’s inheritance, so if the children sell the property, they don’t need to pay tax . How about trust , if the children sell it , do they need to pay capital gain tax ?
@@sherriebeazley8150 I live in Australia. I have a will now but I’m thinking to swap it with a living trust if I already understand in details . I only afraid that it will cause more tax than the probate cost . In Australia, everything is taxed but inheritance is free of tax . If I make a living trust , it means it’s not an inheritance anymore . And if I leave a property to my children , will it be treated as an investment for them , if they already have their own property? And do they have to pay capital gain tax if one day they sell the property?
@@Victoria-c4n so cynical and not always true; maybe sometimes. My 2 siblings and I worked as a loving team to settle our parent's estate. And, we are very close to this day.
Don't worry about it there are dozens of complex administration steps NICER Forgery Proof Inheritance Administration Lawyers perform behind closed doors costing a Prebate Nickel for Parents or Probate Dime for Grantees to spare our kids the Estate Plan Trust Litigation Quarter Billable Litigation Hours.
We're all in the same boat, there are dozens of complex steps in a complete administration with a Trust being just the first step, we're hiring a NICER approved Forgery Proof Administration Lawyer to avoid the Trust Litigation Quarter to 50% in billable Litigation Hours, it cost our parents estate when an $8000.00 estate planner who promised peace of mind refused to help fix his mistakes. We're paying a Prebate Nickel to Spare our Kids a NICER Probate Dime to avoid the Estate Plan mess.
@@padmarathisethu8204Our family's Notary Index Crime Enforcement Regulatory NICER approved Forgery Proof Inheritance Administration Lawyer says that's not true, but if you transfer it to them instead of them Inheriting it they lose the step up value when they sell it, costing about 20% in capital gains tax.
No, the courts need it in writing, so I'm getting a NICER Forgery Proof Inheritance Lawyer to play my video at their Pro Bono Hollywood style Trust reading. Included with dozens of administrative steps costing a Prebate Nickel, NICER Probate Dime, or Litigation Quarter should my grantees choose to fight in court.
Hello, please help me answer. I only have one daughter and she is 14. She is the only one that I claim in all my bank accounts and stock accounts. There are many hundred thousand dollars now. Do I still have to do the will or living trust for her? I am afraid that when I die, she has a hard time to get $.
Or NICER approved Forgery Proof Inheritance Administration Lawyers said We need to appoint a Guardian in our NICER Permission Ledger Arbiter Interdiction Trust since minors can't receive money of this nature. Mr. Rabalais can correct me if I misunderstood this.
I have nobody in this world, no friends, and need to have somebody to be the power of attorney to manage the sale of my house to benefit Animal charity, in case I pass away. What should I do?
We are in the same boat! My NICER Forgery Proof Inheritance Trusted Advisor says a Power of Attorney is only good while I'm alive so I'm listing Her as my Successor Trustee since they are held to the highest standard of integrity by NICER.
If my father wants to leave all his property to me and I am his only living child would it be better for him to set up a trust or a will. He has a home and a few vehicles.
Find a reputable estate planner. My mother had both a will and trust. She quit deed her farm land to my brother and her home joint tenancy to me. Secure assets can be dealt with before he passes. But defintely a qualified estate planner is highly recommended. The laws in each state vary. Recommend a will and trust. Have a deep talk about his wishes should he become incapacitated.
Our Forgery Proof Inheritance Administration Lawyer adds the dozens of steps to avoid the litigation that cost our parents estate 50% in Litigation, charging us a Prebate Nickes to Spare our Kids the Probate Dime 10% of our gross estate value.
That's the problem estate planning attorneys want to be money managers control everything ! I went to a seminar NJ estate planning attorney she was fear-mongering probate how costly it is and back then the 675000 estate tax but now they increased it to 2 million. Like a dummy I got hooked then retitle all my assets in to the trust. her name/firm was on like everything did feel comfortable very confusing then she became my cfp. So I went to another attorney undid it. got a new will / pour-over trust. I had to hire a title company to retitle my house in condo back into my name's husband & wife.
Pour over still has to go through probate. I dont knowing that matters to you or not. I'm from Jersey I am still on the fence on deciding to go with a will or trust.
@@DonkeyLipsDA3rd Yeah I hear you you gotta do your due diligences. D M you gotta check out "iTunes" or use app from "Podcast Player" for Android. www.bigpictureretirement.com if you want to learn a lot about trust and estate planning these guys are awesome a listen to all the episodes. open.spotify.com/episode/02fJ3tXmjsC3MHr8VEfqe7?si=_CXCR7AsTOGuZgUSLoKmzQ
@@DonkeyLipsDA3rd In AZ we can get a beneficiary deed for our house to go to kids. All other accounts have beneficiaries listed, the 2 kids. No probate necessary in this example.
Same here I still don't get it. Close friends r telling me to have my dad change the will into a trust because the state will tax me so much on my dad's house I will lose it? Wtf I don't understand. Now I have to look up hours of this sfuff
Very clear, thanks. However I still am unclear about one thing: Are wills and living trusts mutually exclusive? In other words if I have a trust can/should I also have a will?
No worries NICER Forgery Proof Inheritance Administration Lawyers are on the way who put their clients' needs ahead of their own including Desens of behind closed doors administration steps, to avoid the estate plan crime that cost our parents estate 50% in billable litigation hours. They will be charging Parents a Prebate Nickel or Grantees a Probate Dime to avoid the crime and Quarter Litigation Dollars.
Hello I’ve been watching your videos for a while and I was wondering if you might be interested in looking at a trust that I am in there’s four of us in the trust. I just want an attorney to read it and tell me my options in the future thank you my name is Bryan Rowland. Please let me know.
This is such bull I own a house and when I pass away I want this person to have it.. it should be as simple as that. I don't want the state courts or the government getting involved with my stuff 🖕
But they will it’s called probate I just went through it. It took about nine months and they take a percentage. If you have value of like 500,000 they take about 14,000 that’s how it works.
He can't give legal advice. Whether one way is better depends on the situation. Trusts are better when children are not unethical. If the children or heirs are not reliable, then probate might be better.
I’ve been debating whether to set up a living trust or stick with a will. Retirement is already challenging, and I don’t want my family burdened with unnecessary complications when I’m gone.
A living trust avoids probate, but it’s more expensive to set up. You’ll want to weigh the cost against the convenience it offers your family later.
Exactly! Plus, I’ve seen people leave everything to chance, thinking a will is enough, only for their families to face unexpected legal fees or disputes. I worked with Joseph Nick Cahill, a trusted CFA, to get my financial plan in order, including advice on trusts and estate planning. He even helped grow my portfolio by $400,000 in under three months through better investments. Free consultations, too-worth looking into.
A living trust sounds appealing for avoiding probate, but what if you don’t have millions to pass on? Is it still worth the cost?
It depends on your goals. Even if you’re not leaving millions, a living trust can save your family from court delays and fees, especially if you own property. One mistake to avoid is thinking you don’t need a plan at all-too many people lose tens of thousands by ignoring this step. A good advisor, like Joseph Nick Cahill, can also optimize your portfolio while addressing these concerns
Thank you so much for the suggestion! I really needed it. I looked him up on Google and explored his website; he has an impressive background in investments. I've sent him an email, and I hope to hear back from him soon
Trust: Leave Assets are titled to the Trust;
Will: Courts and Lawyers disperse assets; It takes time; it’s expensive
Thanks!
Parents had Trusts, we used a para-legal service to handle state/federal filings, taxes, and final closure of the trust. Dividing assets among siblings was done by trust successor trustee/executor- The house was retitled, rented and sold. The trust involved multiple brokerage firms and a handful of individual stocks. Dealing with these ranged from easy to complicated because each asset (mutual fund or stock) has different forms and rules…… the idea was to transfer everything to a single brokerage firm (Schwab) before doing distributions to beneficiaries. In a few cases certain stock transfers had too much red-tape (BNY Mellon P&P) - in that case, the assets were sold and the funds transferred to the trust account. Process went on over a couple years. *** note keep an account open for a long time - the IRS showed up 3 years later and wanted to refund a couple hundred dollars with a check payable to a non-existent entity. They were willing to change the payee from ___ to ___&___.
Trust and Will: Greedy trustees, executors, and thieves steal our Inheritance!
Notary Index Crime Enforcement Regulatory NICER Approved Forgery Proof Inheritance Administration Lawyers: Rightful heirs get their share with minimized fighting.
Trust and Will: Greedy Trustee, Executor, and Thieves steal our legacies.
NICER Forgery Proof Trust: Trusted Advisor Certifies so rightful heirs get their shares.
👌
My mom left me trustee and I so glad because I didn't have a problem taking care of her final stuff. I didn't have to wait to do anything so I got things done in . It was less stressful than if I had to deal with probate court . I would highly recommend people to do that. She did a living trust.
So you don’t need both?
@@earthangel6858 she had both will and trust but the trust is what is the main important one.
How about the tax ? If will , it’s inheritance, so if the children sell the property, they don’t need to pay tax .
How about trust , if the children sell it , do they need to pay capital gain tax ?
@@luckygoose2024 where I live you have to inherit 14 million before you get tax if you're left something
@@sherriebeazley8150 I live in Australia. I have a will now but I’m thinking to swap it with a living trust if I already understand in details . I only afraid that it will cause more tax than the probate cost . In Australia, everything is taxed but inheritance is free of tax . If I make a living trust , it means it’s not an inheritance anymore . And if I leave a property to my children , will it be treated as an investment for them , if they already have their own property? And do they have to pay capital gain tax if one day they sell the property?
Got the answer I was looking for. Thank you!
One thing a "will" does upon your passing is bring to light the lack of character among siblings.
Ain’t that the truth.
@@Victoria-c4n so cynical and not always true; maybe sometimes. My 2 siblings and I worked as a loving team to settle our parent's estate. And, we are very close to this day.
@@KMaddox - Didn’t say “always”… my experience now in my 70’s has been nothing but entitlement, greed & scheming opportunists.
Their behavior and greed is disgusting
At 7:45 Paul says spouses might set up a trust to avoid 2 probates. Under what circumstances would a surviving spouse need to probate assets?
Love the quality of your videos and the value you're providing! Thank you very much for your hard work.
Thank you for this clearly-presented explanation
I had to do probate during covid. That was not fun.
Do I have to make any ant changes to my bank accounts to put it into a trust?
I'm more confused than before the video.
Don't worry about it there are dozens of complex administration steps NICER Forgery Proof Inheritance Administration Lawyers perform behind closed doors costing a Prebate Nickel for Parents or Probate Dime for Grantees to spare our kids the Estate Plan Trust Litigation Quarter Billable Litigation Hours.
We're all in the same boat, there are dozens of complex steps in a complete administration with a Trust being just the first step, we're hiring a NICER approved Forgery Proof Administration Lawyer to avoid the Trust Litigation Quarter to 50% in billable Litigation Hours, it cost our parents estate when an $8000.00 estate planner who promised peace of mind refused to help fix his mistakes. We're paying a Prebate Nickel to Spare our Kids a NICER Probate Dime to avoid the Estate Plan mess.
If I sell my house while having a living trust, i hear that my children will have to each pay 20% on the sale of the home???
Is this true ? Can someone respond
@@padmarathisethu8204Our family's Notary Index Crime Enforcement Regulatory NICER approved Forgery Proof Inheritance Administration Lawyer says that's not true, but if you transfer it to them instead of them Inheriting it they lose the step up value when they sell it, costing about 20% in capital gains tax.
I paid $27,000 for probate in 2 states.
Why is two state ?
@@曲金丽maybe two parents in different states
you mentioned nothing about the tax benefits either way?
where you have to go to do a living trust
I was thinking about a video will that explain what I want all the asset to go, will that work as a living or trust will?
No, the courts need it in writing, so I'm getting a NICER Forgery Proof Inheritance Lawyer to play my video at their Pro Bono Hollywood style Trust reading. Included with dozens of administrative steps costing a Prebate Nickel, NICER Probate Dime, or Litigation Quarter should my grantees choose to fight in court.
A short direct form is something I would be interested in
C c b
0
Hello, please help me answer.
I only have one daughter and she is 14. She is the only one that I claim in all my bank accounts and stock accounts. There are many hundred thousand dollars now. Do I still have to do the will or living trust for her? I am afraid that when I die, she has a hard time to get $.
Or NICER approved Forgery Proof Inheritance Administration Lawyers said We need to appoint a Guardian in our NICER Permission Ledger Arbiter Interdiction Trust since minors can't receive money of this nature. Mr. Rabalais can correct me if I misunderstood this.
Both?
where does will vs trust come in to the video?
So what did you just say?
Why r so many people telling me a trust is better? They say a will they will start taxing me on the house I will get???
What about the asset protection of trusts etc……you should talk about how it all works
I have nobody in this world, no friends, and need to have somebody to be the power of attorney to manage the sale of my house to benefit Animal charity, in case I pass away. What should I do?
We are in the same boat! My NICER Forgery Proof Inheritance Trusted Advisor says a Power of Attorney is only good while I'm alive so I'm listing Her as my Successor Trustee since they are held to the highest standard of integrity by NICER.
I definitely want to put an animal charity as one of the successors in line in case the other ones aren't available.
Thank you🎉
If my father wants to leave all his property to me and I am his only living child would it be better for him to set up a trust or a will. He has a home and a few vehicles.
Find a reputable estate planner. My mother had both a will and trust. She quit deed her farm land to my brother and her home joint tenancy to me. Secure assets can be dealt with before he passes. But defintely a qualified estate planner is highly recommended. The laws in each state vary. Recommend a will and trust. Have a deep talk about his wishes should he become incapacitated.
What about when you have both
Great information. Very clear.
How much do you Charge?
Our Forgery Proof Inheritance Administration Lawyer adds the dozens of steps to avoid the litigation that cost our parents estate 50% in Litigation, charging us a Prebate Nickes to Spare our Kids the Probate Dime 10% of our gross estate value.
How do someone make a will if there's no proerty or money involve?
I would think, word it to state future earnings and assets
If your father didn’t leave a will and you have to get a probate bond, if the estate is in debt. What do you put on the release form?
Can successor co-trustees also be the beneficiaries of the trust?
Yes
That's the problem estate planning attorneys want to be money managers control everything ! I went to a seminar NJ estate planning attorney she was fear-mongering probate how costly it is and back then the 675000 estate tax but now they increased it to 2 million. Like a dummy I got hooked then retitle all my assets in to the trust. her name/firm was on like everything did feel comfortable very confusing then she became my cfp. So I went to another attorney undid it. got a new will / pour-over trust. I had to hire a title company to retitle my house in condo back into my name's husband & wife.
Pour over still has to go through probate. I dont knowing that matters to you or not. I'm from Jersey I am still on the fence on deciding to go with a will or trust.
@@DonkeyLipsDA3rd Yeah I hear you you gotta do your due diligences. D M you gotta check out "iTunes" or use app from "Podcast Player" for Android. www.bigpictureretirement.com if you want to learn a lot about trust and estate planning these guys are awesome a listen to all the episodes.
open.spotify.com/episode/02fJ3tXmjsC3MHr8VEfqe7?si=_CXCR7AsTOGuZgUSLoKmzQ
@@DonkeyLipsDA3rd In AZ we can get a beneficiary deed for our house to go to kids. All other accounts have beneficiaries listed, the 2 kids. No probate necessary in this example.
@@dks13827 But check out medicaid. five year look back to recapture medicaid care cost.
@@jackfrosty4674 what does this mean?
Very interesting topics but I wish someone can put it in a short, simple way to understand.
Same here I still don't get it. Close friends r telling me to have my dad change the will into a trust because the state will tax me so much on my dad's house I will lose it? Wtf I don't understand. Now I have to look up hours of this sfuff
Thank you
Very clear, thanks. However I still am unclear about one thing: Are wills and living trusts mutually exclusive? In other words if I have a trust can/should I also have a will?
I think you should have both. But most definitely a living trust with an incapacity clause.
So apparently things weren’t very clear
@@smargo7884 Haha. Estate planning is never clear to me.
@@smargo7884 🤣🤣🤣🤣
My buddy had a vindictive angry Dad who tore up his will. Took 6 years to do probate. Bunch of money. How do you like that ?
I suppose you would put on the red hat 😱
No one contacted the attorney who drafted the will in this situation? The attorney should have had a copy.
@@Justnarinah Attorney should have it, but Mr. Rabalais has a video about why people should not rely on an attorney to keep a will.
Attorney, isn't this an American terminology as I am English so does this apply to me then?
Thank you.
This was as clear to me, as quick sand
Clear as Mud!!
No worries NICER Forgery Proof Inheritance Administration Lawyers are on the way who put their clients' needs ahead of their own including Desens of behind closed doors administration steps, to avoid the estate plan crime that cost our parents estate 50% in billable litigation hours. They will be charging Parents a Prebate Nickel or Grantees a Probate Dime to avoid the crime and Quarter Litigation Dollars.
It is very informative.
Hello I’ve been watching your videos for a while and I was wondering if you might be interested in looking at a trust that I am in there’s four of us in the trust. I just want an attorney to read it and tell me my options in the future thank you my name is Bryan Rowland. Please let me know.
I don’t understand why a Will and a Trust both exist. Why not always just Dona Trust if it’s not that much more complicated. I don’t get it.
The trust cost is higher than a will
A plus
Word Salad
Legalese
This is such bull I own a house and when I pass away I want this person to have it.. it should be as simple as that. I don't want the state courts or the government getting involved with my stuff 🖕
Most states allow you to set up a transfer of death (TOD) deed where you get to name a beneficiary for your house after you pass away.
But they will it’s called probate I just went through it. It took about nine months and they take a percentage. If you have value of like 500,000 they take about 14,000 that’s how it works.
Rus your violating this will of Charles mcilwain Jr your giving his money away WOW lawsuit coming
WTH was that? He said absolutely nothing. Rambling
1 farm and 1 child 1 grandchild
Talks and talks and says nothing.
I thought I was the only one. Why can't he just say what's better????? I keep hearing a trust is better because the state can't tax me on everything
Lawyer Tactics 101 😂
I thought this was a very helpful video, not sure what isn’t helpful about it. The better choice is a matter of you weighing which one fits you best
Tell me more, need help sir
He can't give legal advice. Whether one way is better depends on the situation. Trusts are better when children are not unethical. If the children or heirs are not reliable, then probate might be better.