Funding a Revocable Trust? DON"T DO THIS or you wasted your time and money

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  • เผยแพร่เมื่อ 26 ม.ค. 2025

ความคิดเห็น • 20

  • @smolville
    @smolville ปีที่แล้ว +3

    What the trust company will do is be really nice to the matriarch of the family and visit her. Than when she is on pain meds, they will offer to give control to a local college and the heirs get a pathetic payment plus they have to pay taxes on it.

  • @phyllissnook
    @phyllissnook 2 ปีที่แล้ว +2

    I must say that your video is Excellent! I have been racking my brain with my Estate Planning and now I know exactly what I want to do for my sister. Your explanations are very easy to understand; you are straight forward and speak slowly enough for everyone! I cannot thank you enough'!!

    • @AlexShantyOldLawModel
      @AlexShantyOldLawModel 9 หลายเดือนก่อน +1

      Estate planners install easy to forge documents get a Traditional Lawyer who installs service.

  • @javonne2561
    @javonne2561 8 หลายเดือนก่อน

    I enjoy how clearly you speak and explain things

    • @CortesLawFirm
      @CortesLawFirm  8 หลายเดือนก่อน

      Thanks for watching. corteslawfirm.com/bethany-oklahoma-probate-lawyer/

  • @robskully3539
    @robskully3539 3 ปีที่แล้ว +4

    We have a revocable trust and I asked the Law firm that did it about the motor vehicles we have. They said the way ours is worded that that was no reason to have them retitled to our Living Trust here in Massachusetts.

    • @doncarlos7329
      @doncarlos7329 2 ปีที่แล้ว +2

      I heard it varies from state to state.

  • @ArlieB7
    @ArlieB7 ปีที่แล้ว

    What the heck happened to Sandra Smith? She got ripped off.
    😅
    Good video. Easy to understand.

  • @ljrockstar69
    @ljrockstar69 9 หลายเดือนก่อน +2

    I didn't know Jo Koy was an attorney, good job!

  • @avpr1c
    @avpr1c ปีที่แล้ว

    How should we handle expensive jewellery like watches?

  • @jeffcarpenter6306
    @jeffcarpenter6306 ปีที่แล้ว

    Excellent video. If you own the house out right do you have a title of the house?

  • @cbbcbb6803
    @cbbcbb6803 2 ปีที่แล้ว

    Where do you find the title to something? I know how to get a copy of a car title, but what about everything else?

  • @dman10000000
    @dman10000000 2 ปีที่แล้ว

    Hello, thanks for the information... really appreciate it...is it possible to transfer assets to your living trust by assignment and not change the actual title?...I'm have a personal residence and a couple of LLC's with rental properties and brokerage accounts in them...

  • @kaltrex9465
    @kaltrex9465 2 ปีที่แล้ว

    Would a basic living will reduce those fees you mentioned and ensure nothing gets lost, even if you write bank accounts etc?

  • @WilChu
    @WilChu 2 ปีที่แล้ว +1

    If I'm purchasing a house to live in, can I have it put directly into my trust at the time of purchase? Or do I have to first title it under my name and then do a warranty deed from me to my revocable living trust?

    • @CortesLawFirm
      @CortesLawFirm  2 ปีที่แล้ว +1

      Thanks for watching. Please consult with an estate planning attorney in your jurisdiction.

  • @easyday808
    @easyday808 2 ปีที่แล้ว

    great video - could have been shorter.

  • @jayfishman7694
    @jayfishman7694 ปีที่แล้ว

    If you’re concerned about privacy I understand the recommendation is that you don’t use your names in the name of the trust. Come up with something else. Leave your name out of it.

  • @boatsie
    @boatsie 2 ปีที่แล้ว

    What about if the attorney tells you to name the trust as the 2nd beneficiary on your assets (after your living spouse)?