Setting Up a Living Trust (Estate Planning FACTS)
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- เผยแพร่เมื่อ 17 มิ.ย. 2024
- Setting up a living trust when it comes to estate planning will help you avoid costly probate and expensive attorney fees.
WATCH this video so you don't make the same $75,000 mistake my grandma made!
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Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.
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This is the kind of information that should be taught in at least one semester of high school.
Facts
Yes!
Facts
Except that they won't teach the kids about how the bank fees the trusts down to nothing. My ex business partner's grandfather worked in finance in NY and put $50, 000,000 in a trust. 10 years after he died there was less than about $900,000 left. My opinion is "Never give banks or anyone control of your money or any other assets. If you need to, get yourself educated and manage your own assets, so you won't risk meeting a bad actor.
I wanted to ask you as a living TRUST was me and brother. My Dad did the living will. Dad deeced and my mother was sick. at the time I was living at home. Well my cousin live with mom and me and her 3 kids. We didn't get along at all. Well cousin kelp pushing my about changing the will my mother want to live as the way my Father did it. Well after mother told me to leave because of my cousin. Didn't know mom was dieing . Mom die at home like my Father did. Well after mom pass cousin change everything took off our name and she made a quit claim to a gift put property in her name got my heir didn't event get my share cousin didn't event tell me. Mom didn't have a lawyer at the time of her pass. So I see CLC Lawyer she see 5he document and know it was forgerty and fraud. But didn't have the money to put up to take her to court. I am hearing impair very slow. I have try for help no one will help me .thank you Sir for you time
This guy is internet gold. An actual online asset. Fabulous video.
I wonder if his TH-cam channel is part of his trust....
On My Mama😤💪
You seem to be a wise and decent man! I lost my dad at 13. Looking back I realize the steep cost in many ways. Your children are fortunate to have a good dad.
Thanks
Yes, I agree BeeTee, his children are fortunate to have him as their dad.
My respect for him for loving his children well and not let them fell like they are entitled by putting conditions on the living trust.
The children have to earn their parents assets and learn to value their parents hard work.
I like the example about the fancy Mercedes, I can see how trust babys could just blow the money on superficial stuff because it did not cost them nothing.
He is loving and wise.
I wish I had a dad like him growing up 😁 and I don't mean it in a materialistic sense but because of his knowledge and wisdom.
He is a decent human being.
You're a good dad. I'm taking notes. 👍
Thanks
I hope my son can handle my death
@@lindaclark8615 I hope that you're an awesome enough Dad to the point that your kid will good enough with dealing with you dying. I don't have kids, but I don't think that a parent want their kid to be indifferent to the parent's death.
Thank you for sharing this, its stunning to me how little we are prepared for living and dying. This is free gold!
A living trust is an estate-planning tool wherein assets are transferred to named beneficiaries by a person's will, rather than by requiring a probate court's approval.
I’m confused!? Do you teach? Or have a problem?.
I am currently beginning to build my will for the first time and ran into this little gem. Thank you! I am now subbed
Excellent explanation. Well done. I have a trust but there's more I need to know about it. The living will is what I'm missing. People need to know this stuff.
You are brilliant Clint. And a terrific, personable public speaker! God bless you for sharing this great information. 🙏
Father died with a will, 15 yrs ago....nightmare, went into probate nothing concluded for 18 months and was a mess for the executrix. Mother died last month had a trust 1 month later most assets distributed! Great info
Thanks
I am so happy that you are sharing this knowledge! Thank you!
Thank you, Clint. You expained everything so clearly.
Your antidote using a POD was perfect.
Now I can easily remember the purpose of a living Trust and can share it too.
"Anecdote"
I couldn't agree more! I've just lived through 3 1/2 years of the legal process, as administrator of my Dad's Probate (he had died at 89 with NO Will or Trust. In spite of only modest assessts, the process costs thousands of dollars in legal feess & 3 1/2 stressful years of my time. Don't let this be the case for you ~ if you love your family, take care of this while young & healthy enough to do so, to spare them going through his horrid process called Probate.
Yes honey that's why I'm following Clint's page now so I don't put my children through this. Yeesh!
Did someone contested..
Post Probate, obtain an IRS EIN entity. DEED land over to their name. Kidd, Diana Sr. Est. Do a title search and you are the signee. No longer vexatious when they are in the Land Records.
Clint, Thanks for Sharing! maad Respect for you KeePinG iT Logical n ReaL! ( Hope Carter realizes he’s fortunate to have you for a Dad )
When I watch information like this ...I can’t help but think of a system my people have been robbed of an opportunity to fairly participate in and in some cases robbed of the tangible property itself .
Same here
Subscribed. Thanks for sharing this is one of the best videos on living trust I seen. I shared it with my best friend who is a real estate investor and I shared it with my mom.
Awesome, thank you!
This was Amazing! Life changing info!! Thanks for sharing! New sub! 🔥 🔥 🔥
Dude I love how you explain this so well. I completely Comprehend everything you explain. I think you so much I'llbe watching this video over again.
I appreciate that!
Always love your analogies..you are a good teacher..learned a ton from your videos and I share it with friends as soon as I get a chance
Thanks
Thankyou for giving this information!!!
Wow! This was the information I was looking for. Thank you for your expertise and guidance.
Glad it was helpful!
Thank you Clint , this really holds a great deal of impact. I did not understand this concept and left this video with a great starting point! Appreciate you for sharing this in this way.
Glad it was helpful!
Thank you, your explanation was very clear and informative
Another outstanding presentation, Clint. Clear, insightful and invaluable. Thank you!
Much appreciated!
Thank you very much for this very informative video.
Thank you. I have been procrastinating setting up a living trust. After watching your video, I will definitely get it done!
Perfect
i love the way he explains it. im a visionary, so seeing you draw it on the board keeps it simple and i love the examples you use, such as the bikes
Vernida Kendall
Thanks for watching.
Good info! Easy to understand. Thanks
Thanks for the informative advice.
This was excellent. Thank you.
I love all the great info in you videos thank you I see them all. Very helpful videos
Thanks
Clilnt this was an excellent presentation. Clear, precise, practical and very informative. I live in Toronto Canada and have greatly benefited from your explanation. I have taken notes!!!
Glad it was helpful!
Incredibly informative!!! Thank you for the personal share as well.
Glad it was helpful!
thank you amazing info
This video was extremely informative! Thank you so much!
Much appreciated.
Excellent! Clear, concise, highly relevant information! Thankyou.
Glad it was helpful!
Great videos!! 💜
This was so easy and simple for me to understand, thank you!!
best video ive seen for a newbie REI investor
Good baseline for a potentially very complicated process.
Interesting in that Trusts, of all variations, have now become a new loss leader for law firms. Many states allow a person to title their real estate holding to have a Transfer on Death listed on the deed. this creates an avoidance of not only Probate but also attorney fees associated with administering a Trust. Of course this doesn't work in all jurisdictions but has served many of my clients very well and seamlessly allowed for real estate to be transferred with just a new deed and copy of the death certificate being filed.
Is there a particular time that title must be done or at any time
This is fantastic information. Everyone needs to watch this!
Thanks
Thank you for this..
Awesome Information! Getting on it now :)
Thank you for doing this video! Great video!
Glad you enjoyed it!
Great information! Thank you sir.
Amazing. This info is gold. Thank you so much.
Glad it was helpful!
God Bless you and your family...
Wow you are great to explain that thanks
You do a great job explaining these processes. Binge watching your videos...now my brain is full!
Very helpful. Thanks.
This video is so informative, thank you!
You're so welcome!
Great presentation! Thank you.
Glad it was helpful!
Thank you atty. for the information. Your kids and wife are so lucky.
I think I am the lucky one. :)
THANKS! You broke a trust down perfect.
This is amazing. I feel like I should be paying you for this course. Great job. Thank you!
Glad you like it!
That was a great presentation! Thank you!
Glad it was helpful!
Thanks for making it easy to understand!. Very good public speaker.
Glad it was helpful!
Wow. You are preaching!
Very good presentation. No I know what a living trust is and why I should have one.
Three years old and still good information. Thank you!
You bet!
Mr. Clint I really appreciate you 🙏 and wish you were around when my parents past. My mom passed 2018 and dad 10 years prior and I still have an open probate case and I feel as the executive of the estate I did most of the work and getting billed by a lawyer the whole time smdh 😑 luckily we about to close out this case in a couple weeks whew! 😅 and like you said they had two properties and a couple hands full of accounts. P.s. my mom left money for my children too whom are still minors and that's a whole other process.
Mrs. Batson, stories like yours are far too common. It's good to hear that the journey is nearing the end but the road. Sounds like you got yourself a legal education on probate law. 😀
Thank you for sharing this video... explained exactly why m delayed to sign the will that I iintended to set up for my family cost $500.. My insticnt feeling strongly disagree not trust to continue and finalised the paper work with the lawyer.. You have explained how I felt.and fear to trust the lawyer... Now Im learning also confirm to apply for a Living Trust.. Thank you for your informative presentation..Blessings😍
You are so welcome
Excellent as always 👍 please keep it up 👍🙏
Thank you! Will do!
Thank you for the invaluable information.
Glad it was helpful!
Awesome information! Clint explained this very confusing topic in terms that even a 12 year-old could understand. Thank you for making my decision to not only obtain a Living Trust but also a Living Will!
T Rowe
Thanks for watching.
ABSOLUTELY Great information exsplained perfectly
Glad you enjoyed it!
Thank u great information much needed …
You are so welcome
GREAT SOURCE OF KNOWLEDGE THANKS
Thanks and welcome
Very well done. Thank you.
Glad you liked it!
Great video and surprisingly funny for a financial guy 12:36 ‘You used to be on here’ 😂🤣
My pleasure.
Excellent video , I learned so much and very quickly.
Glad it was helpful!
I loved it even more when you used the diagram! Great video!
Thanks
amazing explanation and analogy!
Glad you think so!
After five years of marriage i found out the one thing that makes it difficult is financial struggle, its not like my husband and i aren’t making money it’s just we barely have time for each other and there’s no amusement or new event it’s just work and the kids and that was fine but i wanted more..then i heard of a financial advisor on the radio who basically makes money for me and right now i have close to 100grand with her in my portfolio. now we pay for our vacation without breaking a sweat or losing sleep
this is very good advice
honestly, this is what has been on my mind lately. please can you give me your advisor's details? its urgent
me too, pls any advice you can give at all would be appreciated. i just turned 40, i don't think i'm hot cake in the dating market anymore.. i can't afford to walk away from this
@@vanhall9513 sure i get it hun. i’ve been there too. My F.A's name is Lucy Maria Koss, i googled her and reached out to her from her website and honestly you should too. Goodluck with your marriage dear. it isn't over until you say it is !
Thank you so much sir, you are a gem.
Appreciate you.
You're an incredible father sir. I wish my father would have been more like you. I'm trying to be that for MY kids, to leave them a legacy and educate them financially so they won't be financially illiterate like my dad, God bless him. Starting young too. 😉 My oldest is only five, lol, but she's freaking SMART. 🧠
Thank you and all the best to you and your family.
Right on time!!!!🙏🏽
Thanks
Thank you for your content your channel is amazing such a Blessing. Thank you sir.
1 Dream Consultants
Thanks for watching.
Everyone needs to see this video, great content.
Thanks
Thank you sir, a very informative video
You are welcome
very good information and easy to understand.
Glad it was helpful!
Oh my God! Thank you so much for this
You're so welcome!
Great video, thank you!
Glad you liked it!
Hey did you put wills on the list twice by mistake? Also your videos are very well done, consider using on screen premade graphics maybe fading in next to you to easily list and organize thoughts. You are my go to for this kind of content, keep it up!
Love the control the kids part 🤣😂🤣
Great video, thanks
Glad you liked it!
Can I add you onto my trust? 😂 you’re gold! Worth my time watching!
Hah!
Thank you.
This is very important.
Great info 👍🏼
Glad it was helpful!
VERY good video. Learned a ton.
Glad it was helpful!
Hey Clint, after just seeing one video of yours I honestly learned so much, you deserve a subscribe !
Can you please make some videos about offshore companies handled by trusts, advantages and disadvantages of it and for tax avoidance legally ?
thank you very much !
Dean thanks for subscribing but we do not touch offshore. Offshore planning is outside of our wheelhouse and something we do not have any experience with setting up.
@@ClintCoons Thanks for the quick response, looking forward for more videos :)
Thank you for sharing this liked, subscribed and notifications on. How do you protect an estate from being eaten up by long term care expenses?
This is difficult and takes early planning to move assets to keep them from being sucked in to cover expenses. This is state specific so I would contact an elder law attorney if this is a concern.
@@ClintCoons Thank you. I helped my parents create a Living Trust many years ago, but now that they are in their 80's I am afraid that it is not enough to protect from this, if it wasn't matched with a long-term health care policy or slowly transferring their assets to their heirs 7 years before they need long-term care. Now they are 85 and 81, SMH. We have some work to do.
Sir, this video opened my eyes.
I'm so glad!
Nicely done!
Thanks!
amazing
content
Great advise. I own real estate with mortgage on it, i was gonna deed it to my llc, but now i see a better alternatives. Thank you.
Very welcome!
@@ClintCoons Hi Clint, would you advice to deed properties with a mortgage to LT and if so would the children need a LLC upon me passing