Personal Property Trust for Privacy
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- Опубліковано 7 вер 2024
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Personal property trusts, land trusts, and Holding limited liability companies can keep your personal information out of public records.
Learn more about how to become anonymous AND appear as if you own nothing at our next Free Tax & Asset Protection Workshop. Save Your Seat: aba.link/v36
In this video, Clint Coons of Anderson Business Advisors will explain the benefits of anonymity and how to create these structures.
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FREE TAX & ASSET PROTECTION WORKSHOP
Learn about Real Estate & Asset Protection from Clint Coons, Esq. and Toby Mathis, Esq. at our next all-day free Livestream 9 am to 4 pm PT. on Saturdays. Our attorneys and specialists will answer ALL questions: 👉 Save Your Seat: aba.link/v36
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ABOUT CLINT COONS
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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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
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Your Saturday webinars are awesome! Unique educational benefits! Many thanks! We highly recommend your webinars and UA-cam videos!
Most direct information period. Ive been trying to comprehend this the correct way 20 years.
Thanks for watching.
@@ClintCoons been up all night looking at your videos. Army vet from L.A.. I'm about to liquidate and reduce some costs. Your service is my missing link. I'll be in touch.
@@KOVIDGOON Sounds great.
This is what I needed to see. I will have my L.L.C. by the end of the month for my new business. So informative, didn't know this existed!
Great. Thanks for watching.
Private Trust would be more like it I'd say"
There are only 2 worlds we live in,
Those 2 are The
Private or Public worlds"
This is excellent educational info! Thank you very much for sharing! We appreciate you and your Anderson team!
Thanks Chris.
I'm new. This is a very good & much needed subject, especially for what I've been thru & still going through now & would like a good resolution now already.
Hope I learn something here than can help me with this situation of people finding out what is in my name do they could steal from me while if been I'll!!!!
You are the hardest working man in the profession #34
🤣🤣
So right as I've watched on these videos! Must be the BEST asset protection lawyer across the country! 🙌🏼💯🥴🙈😂
If you buy property you will not get the loan unless you show income and in most cases that is your employment income as your newly established trust does not have income
Correct. I speak to this issue a lot in my other videos.
He's a genius. 👏🏼👏🏼
Facts
This has been sooo helpful. Thank you very much.
Glad it was helpful! Thanks for watching.
Own nothing, control everything.
Correct.
That's what I've been talking about,but he explains it way better.
Thanks
Such great information. Thanks Clint!
Glad it was helpful!
Clint - If a Nurse in Texas, is considering going 1099 from current W-2 status, is an LLC a good structure for this healthcare focused business? Would the WYoming Manager LLC be a good addition for liability protection? Would the PPT be applicable for this , also, as an addition protection layer?
Awesome info. Just a quick question. If it's necessary to get a bank account for the llc and the bank can't tie you to the llc as a member or manager, are they going to allow you to open a bank account for that llc?
You must provide them the LLC operating agreement and EIN letter you receive from the IRS for the entity.
@@ClintCoons then does the information in the EIN number give the entity that is suing you access to your bank account? What protection is the LLC then?
BOOM,,ANOTHER BANGER VIDEO CLINT!
Thanks Clint, for the reply. Lee Gray
Amazing information! To bad im to broke to afford any of this lol. Again great information.
Sebastian Jackson
Thanks for watching.
This is so complex and absolutely merits hiring an attorney. But the poor mans way of doing this is to form an S Corp in NV and have it encumber all your assets secured by a UCC 1 filing DONE !
IM SERIOUS....... done!
10 year old video. I like the info, but I prefer the Wyoming Irrevocable Real Estate Trust and having a Wyoming LLC Holding Company as Beneficiary, then my LLC for the property is in whatever state where the property resides
Nice
Q). Legally when college financial and asks for trusts and real estate owned, what do we legally disclose? Thank you.
Yes
Hmmmmmmmm
@@mwfinancialholdingsllc2175 hmmmmmm🥰
Clint, other than the obvious difference in terms of the type of property held, real or personal, are there any other technical differences between a land trust and a personal property trust (particularly in states that don't have a LT statue like FL)?
Not really.
Great Video Clint ..Greatly appreciated as always
If you own multiple properties, do you need a separate land trust for each property or can you keep adding properties to one single trust? Thanks, great info!
Separate trust and separate LLC beneficiaries because if a trust is sued then all of the trust's assets and those of the trust beneficiary (except Florida) are at risk.
@@ClintCoons Makes perfect sense! Thank you, for answering my question. #fangirl🥰
Thank for advice. We recently starting investing in multi family space. Is LLC enough coverage in event lawsuits? Should we also have umbrella policy? Thanks!
they could tell the person they say they're doing it for.that would save so much misunderstanding and hard feelings instead of trying to get someone to sign something unawares.
Shannon what part are you referring to in the video?
In a lawsuit, what stops the plaintiff from subpoenaing the county for trust document associated with the address of the property?
The documents are not kept with the county
Thank you sir!!!!!
You are welcome
Holy shit thank you, the first 10 minutes blew me away!
Hah much appreciated.
Is land trust same as revocable trust? Ie can revocable trust own real estate property, be manager of LLC?
Yes it is the same and it can own real estate but I would not make it the manager of an LLC.
Even with a Nevada llc, one still has to register that LLC in Nevada. Soooooo If u don't live there and u have a Nevada LLC for what purpose? The property you own in the state u do live in? still has to be registered with your state. Meaning: what purpose does the Nevada LLC serve If you still have to register in your state of living? Each LLC cost monies. To have a fictitious LLC in Nevada would be...... for?????? It can't be for privacy. Why? Because you still have to register your property LLC in the state you have PROPERTY!!!!
If the LLC owns the real estate then you are correct but many strategies involve having a NV or WY LLC own other LLCs holding real estate. This provides anonymity of ownership for the state specific LLCs. The NV or WY LLC would never own real estate directly in another state otherwise you are correct and this would blow the entire purpose of the setup.
Great information Clint Coons.
Glad it was helpful!
How does it protect you from the gov when they have the technology to find any thing, for example i had a private lender that was affraid to purchase real estate because it would affect his social security disability benefit, how could he purchase property and not losing his benefits or is that possible
It does not.
M K:
You can use that SSDI benefit for anything, including property.
Clint I have a question. At a certain point in American history there were people who's Land Deeds/And Trusts were stolen by way of deception and or coercion. My question is, would it be possible for peoples descendants to be able to get their families property back into the hands of their family?
Warcraft fttttttttttftttttttttfftttt ftttt55tttttttttttdtttttttttttttttttftttttff
That would require state legislation. The statute of limitations for a civil action has passed.
@@ClintCoons Thanks for your response. Yes that does make sense. It could very well be too late. I understand that. However, I'll keep doing research and your videos are very informative and helpful.
that's what i'd like to know.
@@shannonmcintyre1970 I forgot to mention straight up intimidation too and threat of violence. I suspect thr real reason it's so difficult to get the lands back is because they now belong to the sane groups that did this..
It's like saying the Walmart family doesn't owe anyone reparations. A case c old be made. People don't know what happened to their distant relatives and how their lands were stolen. Do you have twitter and instagram?
Do you go over wills? Can I write a will myself, and give it to a relative? Will my landlord and my bank hand over my property to the designated person on my will that I write myself??? Can the will be notarized?
Any will you put together will need to go through probate. I would not recommend you create your own will.
Can you use this kind of trust for llc bank accounts along with a personal?
Yes
Fantastic!!!!‼️✅
Thanks for the visit
So I would transfer all my property to Anderson to hind all my property. So what happens if Anderson goes rogue or bankrupt etc? Do I lose everything ?
No because you are not transferring anything to Anderson - you remain in control and ownership.
What you call
Land Trust or personal trust, is that also called revocable trust?
Yes all are revocable trusts.
You say a personal property trust will not provide asset protection. But if there is a judgement against you how will the party know you are a beneficiary of that trust when it's not recorded anywhere??
They won't. The PPT provides privacy which is a form of protection but if you are brought into a debtors exam and they find out, the assets in the PPT can be reached by the creditor.
I Love this man❤
*Great Content ... Thank You*
Amber Laine
Thanks for watching.
Great information
Glad it was helpful!
I am on SSI . Won't SSA or the IRS be able to see I have a Resource in the LLC or Trust ? :\ QC
Yes I believe you would need to disclose this. I suggest you speak with an attorney who specializes in SSI and benefits before investing to make sure you will not risk your benefits.
@@ClintCoons Thank You Clint , I have an SNT , it holds the House and Car , but there is only 2 or 3 years of funds left and I'll be 55 this year , when the funds run out I'll have to take the House and car but I do not think I can get a Mortgage because of the SSI , Should I just Mortgage it while the Trust is the Owner ?
@@QuaaludeCharlie I'm not sure if you could but if its possible then yes it would probably be best to obtain it while the property is in the trust.
So good!!!!!!!
Clint,
Great video. In the video you said that you are in Washington, if that's true is very reason that you would not be able to help me with Washington matters?
Also properties in Oregon?
Great video, thank you so much.
Dan Butler
Our business is limited to entity planning, formation, tax, and estate.
I need to know ..if i open the bank acct with ssn then put that acct into a TRUST will the bank remove the ssn so upon and search for assets by ssn the TRUST wont be found.?
If you obtain an EIN for your trust then you could use it for the account over your SS #.
@@ClintCoons but does that EIN reveal who you are ?
@@tututishtosh Only to the IRS
What are the tools utilized in the creation of these trust: notices, UCC, affidavits.. in need of a few missing foundational puzzle pieces 🤷♀️
These are all legal forms either created by an attorney our provided by the state.
Could a crooked attorney actually take your assets cinsidering this is not recorded publicly and tgia document is held private? I assume the tryst has to be set up first with attorney as the individual who then resigns and onky then tge prooerty is transferred over. But what if the attorney never resigns ?
Yes it needs to be set up first and if the atty does not resign then you have the ability to remove him as the trustee.
Does the trust need a Federal ID number?
Indeed
One day I'm going to be your client. Let's do step 1 and when I'm ready we'll do step 2?
Producer Spyder Raw
Thanks for watching.
Doesn’t the “do not use a nominee when establishing business credit” problem apply equally to just opening a regular business checking or brokerage account? The SOS website only shows your trust as the managing member if you’re in privacy mode, so why won’t the bank or brokerage make the same assumption you said a creditor will make, that being you just printed a fake operating agreement showing you are an officer?
It does not.
@@ClintCoons What does the bank want then to prove your operating agreement is legit and you really are an officer of said LLC with the powers described in the OA? A copy of the managing member trust to prove it’s real?
@@headlibrarian1996 A copy of the operating agreement will need to be provided.
Absolutely amazing
Aaron Heriot
Thanks for watching.
Is revocable living trust same as what you call personal property trust?
No, these are different.
Can trustee of a revocable trust be a corporation?
Yes but we prefer to use LLCs. Check out my other land trust videos on trustees.
Is a land trust same as revocable trust?
Yes the land trust is revocable.
What is the equivalent of the LLC in Australia
Not sure
This is amazing
Ronald Lee
Thanks for watching.
even if you have a LLC or trust established. it is very easy to find who owns it. All you have to do is look at the document in the assessor website and see the transfer from the owner to the LLC or Trust. Am I wrong?
You are not wrong in that you will see a transfer from you to an LLC, but do you not make an assumption the LLC is owned by the transferor? If you ever owned the property you will be in the chain of title just like the person before you. I get what you saying that one can draw an assumption if they look at the deed.
ou
@@ClintCoons But, the trust holds the deed, doesn't it? And the beneficiaries of the trust are not a public information. So even though you as a "previous owner" are on the mortgage, the owner is the trust and beneficiaries are "unknown" to the public eye...so you as an individual no longer own the property. Right?
@@groove1486 correct
You mentioned using a nominee trustee who will resign leaving me as successor trustee. If I am the Grantor & Beficiary and become the trustee as well, how do I avoid the Merger Doctrine?
,
Can you please explain in lame details.
Yeah but they also know about this method.. so when they see a Trust owns the LLC they smile real hard and say “ohhh yummy yummy we got a big one here boys!!!! “
Can an entity rather an individual be a trustee?
Yes it can
It's recursion, all the way down!! lol
Wow!
If i put my bank account under PPT and I am a trustee then judge can force me to revoke it or make my opponent become an owner of PPT. I don’t understand how PPT would help in this case. Please explain.
A personal property trust does not offer asset protection it's only designed to protect your identity. So yes you can lose your account to a judgment.
@@ClintCoons 9
@@ClintCoons 9
@@ClintCoons so then do you explain in your webinar or in this video how to protect a bank account from being seized?
@@ClintCoons I am hiring you for asset protection, by the way. I am very impressed by your expertise.
Public Law"
Private Law "
pick one"
Clint, how do I contact you for services?
If you would like a FREE 30-minute consultation, you can request one here
- aba.link/30minSession
I need help setting up n holding companies
If you would like a FREE 30-minute consultation, you can request one here
- aba.link/30minSession
Do you work with Trustees, Llc in North Carolina as well? If so how do I contact you?
0223826753
Help me please . Caretaker cousin took my name off my father and mother will.caretaker cousin got my heir and my parents property. Caretaker got a free house never given me my share.caretaker cousin has two business going with my heir. Will not help me I am the true survivor of my both parents.
Isabel you need to contact a local attorney ASAP.
I called your office for help and the lady said oh he doesnt help with that, its regarding my deceased fathers assets that i cannot find and he had alot can you just help me with one question?
She is correct. You should contact a local attorney who knows the nuances of your local law. BTW - what was the question?
Great video how always, BUT this information the IRS can have access if your trust have make the pay annual tax or do you have how avoid disclosure for who is the real beneficiary for the IRS?
You cant
How to prove to bank (they will accept) that it is really your revocable name when the name of the revoc trust is in another name?
You must provide them a copy of the trust agreement
@@ClintCoons if I provide the bank with the copy of the trust agreement, then does that give the entity suing me a way to find out what are my assets in the bank? If they just know the name of the bank that I bank at, can they discover my assets?
@@tututishtosh That is correct. What you disclose to a bank is private.
Whats your rate to set all this up?
It depends on the services. If you would like a FREE 30-minute consultation, you can request one here
- aba.link/30minSession
I would like a consultation
How much do u cost to make an Llc
2k
My problem is is that they they kept it from me but not anybody else anybody else can find it just me that by blocking my phone any information I can't access yeah that's all that did it's a scam
What are you referring to?
@@ClintCoons Reading some of the comments I often wonder what kind of chemical substances people were on when they decided to get on YT and start typing. Despite putting my own imaginary periods and commas I still could not comprehend what she was trying to ask/say in her incoherent sentence.
Thank you for the great, informative video Clint!
Pray we need to pray now not later.
Who is this guy and does he have a channel??
Very edumacational!
😀
Engelbert Humperdinck! That's all I have to say...🧐
Let me guess the bank was BofA........
Wait, noone is registering because that's what cops are doing.
0:38
YOOOOO
Not entirely accurate. Lots of this does NOT work anymore.
Possibly some is outdated. The video is 9 years old. I do have more recent content on my channel discussing PPTs.
@@ClintCoonsAnyway, that gives us the comprehend of the way this works. Now, when we are ready, we need your service to set it up the best way for our particular goals at the specific time.
This and other videos helps me a whole lot. Thank you Mr Clint 👍
@@nouche-30064 thanks
WaS
Wtf is this?!!?@?! Shit just pop on my next video
Yes cause people are sooooo nosey
Corruption runs deep in this nation, all this is nonsense if there is truth and honesty in Law and justice in a nation that claims to be free and a world leader of Democracy,Lawyers and law firms need to petition for transparency but as long as they get paid annually for this nonsense it’s fine ..😡
What about the evil people who sue without grounds, just to clean you out? And it costs $100,000 for a lawyer to defend you, when you have done nothing wrong. And you don't have $100,000. How about that?
This is amazing
Thanks