Many assets ought to be titled in the name of the living trust. These include bank accounts, non-qualified [not IRA/401(k)] investment accounts, real estate, LLC and partnership interests, etc. On the other hand, IRAs, 401(k)s, life insurance, and annuities typically pass by beneficiary designation. (special circumstances might change this) A contingent beneficiary is a “second in line” person or trust that receives the account on the death of the owner if the primary beneficiary is deceased.
@@CunninghamLegal I think ConnieDellobuono's idea to add the NICER Interdiction Living Trust as a contingent grantee is a great idea to handle unforeseen circumstances.
Generally, we don't see this. The owner of the asset must fund a trust either individually or the Agent under a Durable Power of Attorney might be able to do so provided the DPA and Trust permit it. *this is not legal advice, this is information only*
Very informative- question: my wife and I each have separate Treasury Direct accounts to buy I-Bonds annually. Will you please comment on the pros and cons of funding our living trust with these accounts? It’s complicated for several reasons, including the annual purchase limits of I-Bonds per person.
I-Bonds can be tricky because of the annual purchase limit. Some coupes buy them separately so you can buy twice as much. If the assets are outside of the trust when a person dies, a probate may be required. We would be happy to review your mater on an individual basis.
I live in Florida and my mom who is 84 years old lives in Sacramento. Would it be possible to set up her estate plan without me planning too many trips to CA?
We have offices throughout California, and we offer in-person, phone, and Zoom appointments. Many of our clients prefer to come into the office and have us conference in loved ones from other states. We would welcome the opportunity to help you with you mother's estate planning needs. If you are not already represented, you can contact us at: www.cunninghamlegal.com/california-law-offices/contact/
@@CunninghamLegal Can you have your allied legal professional title guardians do an in-home visit and pay them the client advocated $1500.00 to $2500.00 for finding new clients, to inventory and appraise our inheritance? So, we can gift the small expensive items and weapons legally before they march or turn in our Gold and Silver to help pay the Prebate Nickel to spare our Kids the Probate Dime or Litigation Quarter?
Thanks for subbing! Most of our content is about an hour because we go very in depth, but thank you for the feedback. Here are some of our shorter videos: th-cam.com/video/8-x1xDiqRWQ/w-d-xo.html th-cam.com/video/BAiQ_-Ng1LU/w-d-xo.html th-cam.com/video/WFP6LXtbEvw/w-d-xo.html th-cam.com/video/Lh9OgTgmEr4/w-d-xo.html th-cam.com/video/ttaypDcsH0o/w-d-xo.html
@@CunninghamLegal You can send me Savy inheritance Transferer, when you get the NICER FEDS old law practice model Prebate arbiter interdiction administration. Pragmatic Clients and Concern Parents want to avoid the inheritance and legacy wealth transfer thieves. And prevent court conservatorships and the quit claim jumping financial elder abusing homeland terrorists who break into our homes to change our legal documents and through us on the street, we heard C/L was the first to get NICER pre-approved by Honest Guilory and team of professionals.
@@CunninghamLegal Wow you know your stuff; no wonder you're on the front line in NICER FEDS fight against financial elder abusers who change our documents when clients become vulnerable.
I love this video, its allowing me to understand real life examples in taking my CLU (Chartered Life Underwriter)Designation
I'm really glad you found it useful, thank you!
Add the trust as contingent beneficiary in all your investments accounts
Many assets ought to be titled in the name of the living trust. These include bank accounts, non-qualified [not IRA/401(k)] investment accounts, real estate, LLC and partnership interests, etc.
On the other hand, IRAs, 401(k)s, life insurance, and annuities typically pass by beneficiary designation. (special circumstances might change this)
A contingent beneficiary is a “second in line” person or trust that receives the account on the death of the owner if the primary beneficiary is deceased.
@@CunninghamLegal I think ConnieDellobuono's idea to add the NICER Interdiction Living Trust as a contingent grantee is a great idea to handle unforeseen circumstances.
Excellent presentation of critical information. I am in the process of completing my trust at this very moment.
Wonderful! I'm glad it was helpful.
Honest Guilory advocated to hire C/L and his team of professionals to transfer your wealth without the title thieves.
Can a successor trustee fund the trust
Generally, we don't see this. The owner of the asset must fund a trust either individually or the Agent under a Durable Power of Attorney might be able to do so provided the DPA and Trust permit it. *this is not legal advice, this is information only*
No, a NICER FEDS approved Trusted Advisor should Fund it so greedy trustees and inheritance thieves don't steal it.
Very informative- question: my wife and I each have separate Treasury Direct accounts to buy I-Bonds annually. Will you please comment on the pros and cons of funding our living trust with these accounts? It’s complicated for several reasons, including the annual purchase limits of I-Bonds per person.
I-Bonds can be tricky because of the annual purchase limit. Some coupes buy them separately so you can buy twice as much. If the assets are outside of the trust when a person dies, a probate may be required. We would be happy to review your mater on an individual basis.
thanks
You're welcome!
The Boss wants to know if you'll have your team on the street by Super Bowl Sunday.
I live in Florida and my mom who is 84 years old lives in Sacramento. Would it be possible to set up her estate plan without me planning too many trips to CA?
We have offices throughout California, and we offer in-person, phone, and Zoom appointments. Many of our clients prefer to come into the office and have us conference in loved ones from other states. We would welcome the opportunity to help you with you mother's estate planning needs. If you are not already represented, you can contact us at: www.cunninghamlegal.com/california-law-offices/contact/
@@CunninghamLegal Can you have your allied legal professional title guardians do an in-home visit and pay them the client advocated $1500.00 to $2500.00 for finding new clients, to inventory and appraise our inheritance? So, we can gift the small expensive items and weapons legally before they march or turn in our Gold and Silver to help pay the Prebate Nickel to spare our Kids the Probate Dime or Litigation Quarter?
Hi i enjoy your videos. Thank you. Ive subscribed. Theyre a little too long
Thanks for subbing! Most of our content is about an hour because we go very in depth, but thank you for the feedback. Here are some of our shorter videos:
th-cam.com/video/8-x1xDiqRWQ/w-d-xo.html
th-cam.com/video/BAiQ_-Ng1LU/w-d-xo.html
th-cam.com/video/WFP6LXtbEvw/w-d-xo.html
th-cam.com/video/Lh9OgTgmEr4/w-d-xo.html
th-cam.com/video/ttaypDcsH0o/w-d-xo.html
Can send me Savey Estate Planning
It is available for purchase on our website!: www.cunninghamlegal.com/estate-planning-book/
@@CunninghamLegal You can send me Savy inheritance Transferer, when you get the NICER FEDS old law practice model Prebate arbiter interdiction administration. Pragmatic Clients and Concern Parents want to avoid the inheritance and legacy wealth transfer thieves. And prevent court conservatorships and the quit claim jumping financial elder abusing homeland terrorists who break into our homes to change our legal documents and through us on the street, we heard C/L was the first to get NICER pre-approved by Honest Guilory and team of professionals.
What happens if you overfund an ILIT?
By overfunding, do you mean not all money is going into a life insurance policy? Or if the life policy becomes a Modified Endowment Contract?
@@CunninghamLegal Wow you know your stuff; no wonder you're on the front line in NICER FEDS fight against financial elder abusers who change our documents when clients become vulnerable.