TAX BASICS: Trusts Explained (Simply)

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  • เผยแพร่เมื่อ 4 ก.พ. 2025

ความคิดเห็น • 110

  • @HaZa-bz1xy
    @HaZa-bz1xy 3 หลายเดือนก่อน +4

    Thank you Kiran, can you do follow up videos on trusts pls e.g. can a settlor be a trustee and beneficiary as well, how much are trusts taxed, what types of trusts do most families use to pass on property/inheritance to their children and grandchildren etc. Also, how do you find a good trust lawyer and tax advisor. Thanks. You are a welcome addition to the TH-cam finance community.

  • @shindersamra4020
    @shindersamra4020 4 หลายเดือนก่อน +8

    Always very informative, thank you.👍👍👍

  • @slin42
    @slin42 4 หลายเดือนก่อน +3

    Thanks for the great video. You break down a complex topic into easy to understand language. Keep up to good work.

  • @AR-fy2qo
    @AR-fy2qo 4 หลายเดือนก่อน +5

    Very clear educator. Meaningful

  • @khalidjaved5162
    @khalidjaved5162 18 วันที่ผ่านมา +1

    Kiran u are a gem !
    Thanks for your expertise!

  • @barrycrump6189
    @barrycrump6189 4 หลายเดือนก่อน +6

    This is much appreciated. Thank you.

  • @harrysmith1288
    @harrysmith1288 หลายเดือนก่อน +1

    Thank you for putting it simply, it has been a great help as we are involved in this matter.

  • @CameronFussner
    @CameronFussner 4 หลายเดือนก่อน +82

    These frequent tax code changes are disrupting my long-term investment strategies. Are there ways to structure my investments to be more resilient to potential tax code modifications?

    • @Franklin-gq4si
      @Franklin-gq4si 4 หลายเดือนก่อน +4

      I honestly think America needs a completely restructure of their political system. It is just not working. Trump and Biden being elected out of 300 million people to run the country is evidence for that too.

    • @williamDonaldson432
      @williamDonaldson432 4 หลายเดือนก่อน +3

      This is why the US should elect more progressive politicians, who know how to manage budgets and give us (yes, pur country's initials literally spell out that pronoun) much better tax credits in return for better public education and better public healthcare. but since these are nonexistent, my husband and I are being guided to finance our retirement and healthcare through a diversified investment portfolio

    • @foreverlaura-fq4eu
      @foreverlaura-fq4eu 4 หลายเดือนก่อน +1

      @@williamDonaldson432 How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?

    • @foreverlaura-fq4eu
      @foreverlaura-fq4eu 4 หลายเดือนก่อน +2

      How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?

    • @williamDonaldson432
      @williamDonaldson432 4 หลายเดือนก่อน +2

      Annette Marie Holt is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

  • @joyceeasmon636
    @joyceeasmon636 หลายเดือนก่อน +1

    Thank you for sharing this very important issue. Very easily understandable and clear. 👍❤

  • @MikelAntonio-n6y
    @MikelAntonio-n6y 4 หลายเดือนก่อน +30

    I've been an investor in Apple, gold, housing market as well. because I strongly believe in them, I've always believed in the stock, but now I don't know if to re-distribute my portfolio and put some money in Nvidia or Tesla . especially now that we are experiencing a market correction

    • @Joanmacduff
      @Joanmacduff 4 หลายเดือนก่อน

      Both stocks have a long term potential, The most important thing is the ratio of the distribution based on the financials of each company. There are many other companies that are also doing well. You could just hire a financial advisor to guide you. A financial advisor really does help me do the distribution even between different asset classes. I don't even understand technical financial terms much. I just know I make really good profit, and I don't have to stress myself a lot.

    • @MikelAntonio-n6y
      @MikelAntonio-n6y 4 หลายเดือนก่อน

      I've got similar problems and I have also considered using an FA but I don't know how to go about it. Please, what are the steps for getting one? Like a really good one.

    • @Joanmacduff
      @Joanmacduff 4 หลายเดือนก่อน +1

      Gabriel alberto william is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

    • @MikelAntonio-n6y
      @MikelAntonio-n6y 4 หลายเดือนก่อน

      Thank you for the recommendation. I'll send him an email, and I hope I'm able to reach him and connect.

  • @jose-i1d3t
    @jose-i1d3t วันที่ผ่านมา +31

    I Hit 12k today trading crypto,this season has been really amazing ?? I was able to create a great revenue stream by investing with Lisa O'Brien.
    You changed my whole life, thank you very much

    • @Rocky-m8t
      @Rocky-m8t วันที่ผ่านมา +1

      You trade with lisa obrien too? Wow that woman has been a blessing to me and my family.

    • @bambi-k5p
      @bambi-k5p วันที่ผ่านมา +1

      I am grateful to her as well though I started with as low as $1,500 actually because it was my first time and it was successful, shes a great personality in the state

    • @jezebel-h3m
      @jezebel-h3m วันที่ผ่านมา +1

      Please I'm new to this, how can I get her assistance??

    • @masonalfie849
      @masonalfie849 วันที่ผ่านมา +1

      That woman has changed my life for good. I attended her investment class couple of weeks last year and shes the best when it comes for Guidance.

    • @hansi-z7t
      @hansi-z7t วันที่ผ่านมา +1

      I was skeptical at first till I decided to try. It's huge returns is awesome. I can't say much

  • @jasonpatterson365
    @jasonpatterson365 4 หลายเดือนก่อน +1

    Very informative, and I have shared this video in our property WhatsApp groups.

  • @kriskah2348
    @kriskah2348 10 วันที่ผ่านมา

    Thank you Kiran really insightful. I need to review my planning with all new Labour rules. Recommendations for Legal and Accountabt firms would be amazing too. To know things will be correctly processed.

  • @JeffersonHumber
    @JeffersonHumber 4 หลายเดือนก่อน +2

    Can I be the settlor and the beneficiary to protect my current assets?

  • @sanjivjhalla4362
    @sanjivjhalla4362 4 หลายเดือนก่อน

    Another excellent video

  • @WatchesOnWood
    @WatchesOnWood 4 หลายเดือนก่อน +1

    7:17 All 'proper' trusts (i.e. not disabled trust or bare trusts) now created in lifetime are subject to the ten year charge - i.e. whether discretionary or interest in possession

  • @EggchaserNZ
    @EggchaserNZ 4 หลายเดือนก่อน

    Thanks for a great vid!

  • @curiousjoe395
    @curiousjoe395 2 หลายเดือนก่อน +1

    Can I hold my SIPP in a Trust?

  • @MattyB1970
    @MattyB1970 4 หลายเดือนก่อน

    What tool do you use to make your videos? Thanks for an informative and interesting video.

  • @rosemaryworsley3574
    @rosemaryworsley3574 2 หลายเดือนก่อน

    can you add property and run as 'buy to let' for income pls?

  • @ro2778
    @ro2778 8 วันที่ผ่านมา

    is the capital gains tax allowance for bare trusts 3k or 1.5k in 24-25?

  • @BlackNYella
    @BlackNYella 4 หลายเดือนก่อน +6

    Can the Settler and Trustee be the same person?

    • @369dabbler
      @369dabbler 4 หลายเดือนก่อน +1

      Yes

    • @BlackNYella
      @BlackNYella 4 หลายเดือนก่อน

      @@369dabbler thanks. Can the Settler, Trustee and Beneficiary be the same person?

    • @WatchesOnWood
      @WatchesOnWood 4 หลายเดือนก่อน

      @@BlackNYella the settlor, the trustee AND the beneficiary, can be the same person - though being the latter as well makes it tax inefficient!😂

  • @altintahiri
    @altintahiri 3 หลายเดือนก่อน

    What would be best way to invest if shall we say for small investors like having 2 properties and looking for more investment,also looking on the way to help children aswell
    Also cost effective

  • @bootangy
    @bootangy 3 หลายเดือนก่อน

    what trust do you recommend for passing over rental portfolios to my kids?

  • @sanjaypatel-oh9gl
    @sanjaypatel-oh9gl 3 หลายเดือนก่อน +1

    What happens if the assets in a Trust are sold. e.g. house, shares etc

  • @darumagenki6271
    @darumagenki6271 15 วันที่ผ่านมา

    😍😍😍

  • @shahidaziz1
    @shahidaziz1 4 หลายเดือนก่อน

    Can u help in setting up a family trust

  • @mandeep7981
    @mandeep7981 4 หลายเดือนก่อน

    How much does it cost to transfer assets into a trust? Is there tax payable on the transfer?

  • @amdworld9728
    @amdworld9728 4 หลายเดือนก่อน

    Can a property that has a mortgage be put into a trust?

  • @okunrin3
    @okunrin3 5 วันที่ผ่านมา

    Let’s start again.
    Trust babies are rich.
    However anyone can do it, that does not mean everyone can afford to

  • @MyMushroom
    @MyMushroom 3 หลายเดือนก่อน

    What's for Hindustan

  • @asadsabir2193
    @asadsabir2193 4 หลายเดือนก่อน

    Can parents set up trusts for their kids or does it have to skip a generation?

    • @asadsabir2193
      @asadsabir2193 4 หลายเดือนก่อน

      You mentioned if parents set up a Trust for their kid(s) then they (the parents) still have to pay the income tax (vs grandparents to grandchildren where the beneficiaries can use their tax free allowance)?

  • @indimist390
    @indimist390 3 หลายเดือนก่อน

    Ur so pretty

  • @sukishahi3671
    @sukishahi3671 4 หลายเดือนก่อน

    Just spend and enjoy one life live it.

    • @GetGwapThisYear
      @GetGwapThisYear 3 หลายเดือนก่อน +1

      If that’s what you wanna do, stop watching videos on TH-cam for people who want to generate lasting wealth.

    • @sukishahi3671
      @sukishahi3671 3 หลายเดือนก่อน

      @GetGwapThisYear If I was you focus on your health.

    • @GetGwapThisYear
      @GetGwapThisYear 3 หลายเดือนก่อน

      @@sukishahi3671 I take care of my health as a top priority, thanks for the concern.

  • @colonMicheal9
    @colonMicheal9 4 หลายเดือนก่อน +64

    I'm an aspiring trader who would rather learn from other traders' experience than investing in the market myself, in anticipation of the next bull run. What are your thoughts on copy trading as well? Do individuals actually earn a living? Just trying to get some reassurance. I want to have a healthy portfolio worth at least $250k. Reliable inputs please.

    • @tinaishatucker1329
      @tinaishatucker1329 4 หลายเดือนก่อน

      The strategies are quite rigorous for the regular. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.

    • @hayescharles-w3p
      @hayescharles-w3p 4 หลายเดือนก่อน

      I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $130k in passive diversified safe-haven assets, Up 358k so far and pretty sure I'm ready for whatever comes.

    • @colonMicheal9
      @colonMicheal9 4 หลายเดือนก่อน

      I could really use the expertise of this advisors

    • @hayescharles-w3p
      @hayescharles-w3p 4 หลายเดือนก่อน

      Her name is *Layan Talia Chokr* , Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

    • @colonMicheal9
      @colonMicheal9 4 หลายเดือนก่อน

      Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks

  • @BobGP1
    @BobGP1 4 หลายเดือนก่อน

    My question it mclaren back to been the best with carbon fibre again and if so could we see more cleaver tricks soon.

  • @AleyshaReardon
    @AleyshaReardon 4 หลายเดือนก่อน +1

    Can my cat be a beneficiary ?

    • @liban2
      @liban2 4 หลายเดือนก่อน

      😂😂😂😂😂😂🤣

    • @barmy_irooni
      @barmy_irooni 4 หลายเดือนก่อน

      Oh la la!!!

    • @WatchesOnWood
      @WatchesOnWood 4 หลายเดือนก่อน

      @@AleyshaReardon Yes. This is called a purpose trust. You would structure it as a the gift is actually to an individual, with an expressed wish that they will 'do the right thing' for the cat.
      The courts will permit a gift to a pet, but if the individual carrying out your wish doesn't 'do the right things then the courts won't challenge the individual.

    • @LydiaCarr-ne3pi
      @LydiaCarr-ne3pi 4 หลายเดือนก่อน

      Yes.

    • @AleyshaReardon
      @AleyshaReardon 4 หลายเดือนก่อน

      @@WatchesOnWood No, I mean literally just to the cat, she's very smart.

  • @rashmi809
    @rashmi809 4 หลายเดือนก่อน

    Trust fund beneficiaries..... AKA trustafarians !

  • @JohnBliss-w1k
    @JohnBliss-w1k 4 หลายเดือนก่อน +16

    I'm favoured, $60k every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.

    • @ColeHauser-u2u
      @ColeHauser-u2u 4 หลายเดือนก่อน

      Wow that's huge, how do you make that much monthly?
      I'm 37 and have been looking for ways to be successful, please how??

    • @JohnBliss-w1k
      @JohnBliss-w1k 4 หลายเดือนก่อน

      As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided by a widely known crypto consultant

    • @JohnBliss-w1k
      @JohnBliss-w1k 4 หลายเดือนก่อน

      She is Expert Lucille Friedman

    • @SkyeLowerson
      @SkyeLowerson 4 หลายเดือนก่อน

      YES!!! That's exactly her name (Lucille Friedman) so many people have recommended highly about her and am just starting with her 😊from Brisbane Australia 🇦🇺

    • @LeonardoZito-b1s
      @LeonardoZito-b1s 4 หลายเดือนก่อน +2

      Spot-on, I would always rate her signals as one of the best ever used 100% accurate.

  • @william_marshal
    @william_marshal 4 หลายเดือนก่อน

    In other words a trust is a tool to help the rich to avoid/evade paying tax !!!

  • @WageslavesB
    @WageslavesB 4 หลายเดือนก่อน +2

    Tax is for slaves.... How have they been able to get away with taking your hard earned money for so long?

  • @twig3288
    @twig3288 4 หลายเดือนก่อน

    7:15 Are Discretioary Trusts also subject to the 10 year anniversary tax?

  • @ir0n2541
    @ir0n2541 4 หลายเดือนก่อน +1

    Can the settler and trustee be the same person ?