Mr Mathis i’ve been watching your videos for quite some time now, you lead me to believe that i have a lot of money If thats true can you please let me know?? Thank you so much for all the great information and a huge thank you to your behinde the sceens team, they all sound like really great people😊
Learn about Real Estate & Asset Protection at our next ALL DAY FREE LIVESTREAM 9 AM to 4 PM PT. Our attorneys and specialists answer ALL questions you bring to us at this event we have two times a month. Save Your Seat: aba.link/8fz
Great KB, could you point me to video that covers the Fixed & Variable costs of a Creating, Managing and Maintaining a Land/Living Trust and associated LLCs, in CA. Thanks.
I see comments regarding family and assets in Canada and the US. I will weigh in on that topic. My wife and I are US citizens and also Canadian citizens. We have assets in both countries. Would we need a trust set up in each country?
I used the buy, borrow, die strategy and not pay the principle & only pay off the interest. When I die, does the next person that’s in control of my assets have to pay the principle back?
Question: How do you protect yourself from loss of benefits if you are over 65 where an injury settlement will put you over the allowed resources to continue receiving your SSI and other govt benefits? Special needs trusts do that for those under 65 but if over they won't . And the settlement is supposed to take care of what your benefits do not ...while govt benefits such as SSI doesn't let you have more than 2 thou in resources and settlement is going to be more than that. If settlement was enough to NOT need benefits that would not be a problem but if it only the amount needed for next year or two to replace car totalled and get services and products needed for car and accommodations for the injury (let alone later treatments that often are needed and not covered by medicare , etc. ISN'T THERE SOME KIND OF TRUST OR OTHER WAY TO PROTECT THAT FROM BENEFITS LOSS IF TOO SMALL TO LOSE BENEFITS OVER IT? i HAVE READ FOR YEARS about this and all literature says you should NOT lose your benefits due to an injury settlement claim (unless of course it was so substantial you don't need benefits any longer ...like hundred thou or more ) but while they say that ...they all say also that that' is what a special needs trust will do but they do not apply to anyone over 65...THEN THEY ADD...but talk to an attorney or CPA to see what to do then....Can you help with that? .
You may want to speak with a local attorney in your area about a Pooled Special Needs Trust. Federal law stipulates that a pooled special needs trust (PSNT) can be created by persons 65 years of age and older. However, many states still impose transfer penalties for the uncompensated amounts used to fund the PSNT. Whether a transfer penalty applies in a particular situation largely depends on the type of public benefits received, the state from which these benefits are received, and the person's individual situation. Some states will not impose a penalty if certain exceptions to the asset transfer rule apply.
Toby, I own my house and would like to buy another property which is mortgages Then rent both properties and gift to both kids through the trust Should I do this well living or stipulate in trust that units must be kept for rent and income gaining until? Then property can be sold 50-50 split if they so wish
I've found your videos very informative. However, you have missed talking about our beloved pets. Pets are considered family members by most people. What type of trust to provide care for our pets?
I have 3 siblings and will be the beneficiary of my parents eatate. When they pass is it ok that the 3 of us are the beneficiary and truatee,but having a board like voting for distributions. I also have a finacial background so i have knowledge of the industry.
I'm married 29yrs but I was THROWN Away I was mislead by lawyer and now I'm going through hell I need a tru honest lawyer I have or had poa over my husband's for yrs now I nothing is there help for me
NEVER LET A BENEFACTOR BE A TRUSTEE, MY SISTER IS THE TRUSTEE IN MY FAMILY, SHE HAS STOLEN PROPERTY AND MONEY FROM THE TRUST AND FROM OTHER BENEFACTORS, NEVER LET A TRUSTEE BE A BENEFACTOR
What happens you don't have any body to but I want to live a legacy on my late mother. That I inherit and taking care her pets and paying all dedts and keeping a upgrade on her property plus the one I am working on my own investments.? Thank you. Mr. Toby Mathis.
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These videos deserve way more views than what they have. Some of the best financial content I've seen
Thank you! We are glad you enjoy the content!
Lazy people can’t sit for long enough to absorb like a 🧽
Mr Mathis, your series on estate planning is excellent. A person can save thousands of dollars by listening and using his professional advice.
Watch Part 3: th-cam.com/video/dKH6JNGxY74/w-d-xo.html
Must say what a fantastic free services Toby, thank you for this valued information
Awesome! Especially the last 8 minutes with an excellent case scenario…
Glad you enjoyed it! Be sure to check out more of my videos.
Mr Mathis i’ve been watching your videos for quite some time now, you lead me to believe that i have a lot of money
If thats true can you please let me know??
Thank you so much for all the great information and a huge thank you to your behinde the sceens team, they all sound like really great people😊
Learn about Real Estate & Asset Protection at our next ALL DAY FREE LIVESTREAM 9 AM to 4 PM PT. Our attorneys and specialists answer ALL questions you bring to us at this event we have two times a month. Save Your Seat: aba.link/8fz
Excellent information, thank you!
Hidden Gem but not for long 😊- great content
Thank you for watching the video!
Great KB, could you point me to video that covers the Fixed & Variable costs of a Creating, Managing and Maintaining a Land/Living Trust and associated LLCs, in CA. Thanks.
Thank you very much! Very helpful! You are amazing! Thanks!
Glad it helped!
I see comments regarding family and assets in Canada and the US.
I will weigh in on that topic. My wife and I are US citizens and also Canadian citizens. We have assets in both countries. Would we need a trust set up in each country?
I used the buy, borrow, die strategy and not pay the principle & only pay off the interest. When I die, does the next person that’s in control of my assets have to pay the principle back?
Hi Toby,
Thank you for these informative videos. Any other extra procedures for permanent resident living in US or Canada?
Awesome content! Thank you!
Thank you!
Question: How do you protect yourself from loss of benefits if you are over 65 where an injury settlement will put you over the allowed resources to continue receiving your SSI and other govt benefits? Special needs trusts do that for those under 65 but if over they won't . And the settlement is supposed to take care of what your benefits do not ...while govt benefits such as SSI doesn't let you have more than 2 thou in resources and settlement is going to be more than that. If settlement was enough to NOT need benefits that would not be a problem but if it only the amount needed for next year or two to replace car totalled and get services and products needed for car and accommodations for the injury (let alone later treatments that often are needed and not covered by medicare , etc. ISN'T THERE SOME KIND OF TRUST OR OTHER WAY TO PROTECT THAT FROM BENEFITS LOSS IF TOO SMALL TO LOSE BENEFITS OVER IT? i HAVE READ FOR YEARS about this and all literature says you should NOT lose your benefits due to an injury settlement claim (unless of course it was so substantial you don't need benefits any longer ...like hundred thou or more ) but while they say that ...they all say also that that' is what a special needs trust will do but they do not apply to anyone over 65...THEN THEY ADD...but talk to an attorney or CPA to see what to do then....Can you help with that? .
You may want to speak with a local attorney in your area about a Pooled Special Needs Trust. Federal law stipulates that a pooled special needs trust (PSNT) can be created by persons 65 years of age and older. However, many states still impose transfer penalties for the uncompensated amounts used to fund the PSNT. Whether a transfer penalty applies in a particular situation largely depends on the type of public benefits received, the state from which these benefits are received, and the person's individual situation. Some states will not impose a penalty if certain exceptions to the asset transfer rule apply.
How can i get some money for everyday living right now?
Hello counselor. I didn't catch where you practice law? SR
Part 3 is where?
Until we put out our part 3, we wish our viewers nothing but happiness.
th-cam.com/video/dKH6JNGxY74/w-d-xo.html
Great content by the way Toby 😊
Thanks! 😀
Assets in multiple states - CA / FL into trusts
What do you do during a divorce to protect assets not in a trust
Toby, I own my house and would like to buy another property which is mortgages
Then rent both properties and gift to both kids through the trust
Should I do this well living or stipulate in trust that units must be kept for rent and income gaining until? Then property can be sold 50-50 split if they so wish
I've found your videos very informative. However, you have missed talking about our beloved pets. Pets are considered family members by most people. What type of trust to provide care for our pets?
Toby thanks so much for this information
i need to learn about complex nongrantor trusts
I recommend you connect with my team to get started. Sign up here: aba.link/l04
Cost of fudishary
Really great advice! Thanks
Very cool. I never thought of that before
I'm glad you found it interesting!
I have 3 siblings and will be the beneficiary of my parents eatate. When they pass is it ok that the 3 of us are the beneficiary and truatee,but having a board like voting for distributions. I also have a finacial background so i have knowledge of the industry.
Do you recommend a bank with a trust department?
Rephrase: Is there a a specific bank you recommend? Chase, bank of America, Citi etc.
I'm married 29yrs but I was THROWN Away I was mislead by lawyer and now I'm going through hell I need a tru honest lawyer I have or had poa over my husband's for yrs now I nothing is there help for me
NEVER LET A BENEFACTOR BE A TRUSTEE, MY SISTER IS THE TRUSTEE IN MY FAMILY, SHE HAS STOLEN PROPERTY AND MONEY FROM THE TRUST AND FROM OTHER BENEFACTORS, NEVER LET A TRUSTEE BE A BENEFACTOR
What happens you don't have any body to but I want to live a legacy on my late mother. That I inherit and taking care her pets and paying all dedts and keeping a upgrade on her property plus the one I am working on my own investments.? Thank you. Mr. Toby Mathis.
Wow this is great.
Thank you for watching us!
What is a gun trust?
can beneficiary be a foreigner?
great job Toby! :)
Thanks! 😃
How do IRAs fit into a trust?
👍
I try to get 643B
Do you have to put your wife (1st on your trust if you don’t want to