Protect Your Assets Using Trust Funds

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  • Опубліковано 29 вер 2024
  • Protect your assets with Estate Planning by creating a revocable living trust with these 5 Must Have documents
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    Estate Planning is not common knowledge. Most people have no clue what it means or how it's used. It can be one of the best ways to protect your assets and transfer your wealth without the hassle of the probate process. This video will discuss the 5 must have documents when creating a trust and how it's used. A living trust is not the same as a last will and testament, it's much more powerful!
    When someone passes, the process of figuring out the validity of the will is through a process of probate. In order to avoid heavy tax penalties and potential debts, creating something like a revocable living trust is essential when transferring your estate.
    Here are the 5 must have documents when creating a trust. Please consult an estate planning attorney at some point in
    1. Last Will & Testament - www.rocketlawy...
    2. Durable Power of Attorney - www.rocketlawy...
    3. Power of Healthcare -
    www.rocketlawy...
    4. Living Will -
    www.rocketlawy...
    5. Living Trust
    www.rocketlawy...
    *Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

КОМЕНТАРІ • 359

  • @derrickmichael-simpleautom2488
    @derrickmichael-simpleautom2488 5 років тому +349

    Being a tax accountant and being married to an attorney I take this for granted but amazingly valuable video Andrei, everyone should bookmark this.

    • @derrickmichael-simpleautom2488
      @derrickmichael-simpleautom2488 5 років тому +24

      Also my kids would be jealous of your Pokémon collection. 😂

    • @AndreiJikh
      @AndreiJikh  5 років тому +26

      Thanks Derrick! You're definitely lucky in that regard! I think I'M jealous of my pokemon card collection. I can stare at it for hours - it's unhealthy 😂

    • @undefinedvariable8085
      @undefinedvariable8085 2 роки тому

      Already added to my public "Finance & Investment" playlist. 👌

    • @jerryn7303
      @jerryn7303 Рік тому

      @@derrickmichael-simpleautom2488 Pokéman

  • @thefrankperspective4247
    @thefrankperspective4247 2 роки тому +1

    Here from your How The 1% video.

  • @Da_Crow
    @Da_Crow 5 років тому +1

    i get attorney coverage from work - im making appt to get these docs processed - thanks for the reminder Andrei

  • @Jaye773
    @Jaye773 5 років тому +3

    Dope stuff man, wish i had known about this earlier

    • @AndreiJikh
      @AndreiJikh  5 років тому +1

      Thanks Jaye, it definitely helps to know this as soon as possible

    • @cmoulden78
      @cmoulden78 5 років тому +1

      U say that like u dead already. 😂

  • @philipdressler9639
    @philipdressler9639 4 роки тому

    Let's play Dukes of hazzard after the show

  • @jamesm2881
    @jamesm2881 2 роки тому +1

    Can you put digital assets like Bitcoin in a trust or your llc company

  • @SaffronIce
    @SaffronIce 5 років тому +73

    "I 19 year old. I don't need trust, I verrrryy young." *clicks out* 😂😂 Jk still watched the entire vid cuz everything you say is gold 😹

  • @benny4391
    @benny4391 5 років тому +51

    Idk who Will is but I don’t trust him

  • @JMadrid6
    @JMadrid6 3 роки тому +10

    Pro tip, don’t appoint a family member or individual as your successor trustee. Appoint a professional or trust company to serve as your successor.

    • @roopapriya7159
      @roopapriya7159 Рік тому

      Any reason why we need to appoint some trust company.?
      How do you know the manage your assets after you gone

    • @JMadrid6
      @JMadrid6 Рік тому +3

      @@roopapriya7159 you don’t “need” to. However, be prepared to ruin family dynamics if you name a family member. Your trust agreement is your wishes, it should be followed by your trustee, whether they’re an individual or trust company.

  • @katrinamillings3651
    @katrinamillings3651 5 років тому +31

    I smashed the like button before you told me to. You've trained me well.

    • @AndreiJikh
      @AndreiJikh  5 років тому +2

      Thank you Katrina haha that made me laugh

    • @callofdutymobile1074
      @callofdutymobile1074 4 роки тому

      Smashed noooooo destoyed lol 😆 😆 😆

  • @dylongarrett4779
    @dylongarrett4779 5 років тому +27

    *even today I stand tall as Michael Jackson’s brother in laws sisters best friends dad*
    Still waiting for my $10 mil share 💁🏼‍♂️

    • @AndreiJikh
      @AndreiJikh  5 років тому +1

      😂 5 degrees of Kevin Bacon!

  • @optamis1989
    @optamis1989 5 років тому +3

    The only way to protect your assets in regards to a divorce is very hard. There are only a few ways to do so. A irrevocable trust or have your assets in offshore accounts and assets that can't be claimed by a court. Family court judges will throw out prenups, etc. and even force you to revoke a revocable trust. If it's a asset the government can get their hands on, rest assured the judge will give it to the woman. Or live in China, in China the man keeps all, or most other Asian countries where divorce isn't such a racket.

  • @tonybegg7324
    @tonybegg7324 2 роки тому +19

    With maybe 10 years left in the gas tank of life I have been thinking of "estate planning" so this was very timely and useful to me and I shall peruse the documents. Having sworn to hodl till Hell freezes over (which happens in the year 2140 - Satoshi was clairvoyant) have been wondering how to pass on the crypto without some probate court turning it into fiat.

    • @KFCOrBust
      @KFCOrBust 2 роки тому +2

      Leave your 12/24 word seed phrases behind and they can just assume control of your wallets. Easy as that.

    • @shemeher3380
      @shemeher3380 2 роки тому

      Don't forget to set up a trust for me! 🥰😁

  • @E_mailMeLater
    @E_mailMeLater 5 років тому +120

    I paid over $500 to my attorney to process all this paperwork for me. Feels good after all the paperwork is completed, signed, and notarized.

    • @AndreiJikh
      @AndreiJikh  5 років тому +19

      Good job!! 500$ is a really good price for that. I think everyone should have a trust

    • @thegogo11
      @thegogo11 4 роки тому +13

      Be sure that your trust is funded with your assets. Otherwise your trust is is just an expensive useless legal document.

    • @brucewayne2955
      @brucewayne2955 2 роки тому +1

      Wow that's affordable! Who did you use?

    • @ch0lito
      @ch0lito 2 роки тому

      WOW how lucky you are, normally i have seen the estimate for all this between 2000 to 4000 us, including the transfer of the deed.

  • @CaseyBurnsInvesting
    @CaseyBurnsInvesting 5 років тому +11

    The heirs to Jimmy Hendrix estate went to school with me up here in Seattle. Prom after party at their mansion. 🔥

  • @GenExDividendInvestor
    @GenExDividendInvestor 5 років тому +11

    Thanks for the video! Super smart to protect your ass(ets) -- stuff you never want to think about.. Just like insurance, when you are young you don't worry about benefits or insurance.. and then when you need it you wish you had covered your bases. If you have a material amount of assets, I'd recommend talking to an estate lawyer.

  • @sashaleG1
    @sashaleG1 5 років тому +14

    That there... is a mint condition Pokémon collection 😂

  • @f3wbs
    @f3wbs 5 років тому +17

    Top 10 Anime reasons not to get married.

  • @hectoralejandro9883
    @hectoralejandro9883 2 роки тому +1

    I can’t believe this information is free. Now I just need to increase my $37 net worth to justify having a trust 😮‍💨

  • @WW-34
    @WW-34 4 роки тому +10

    I loved your video. I recommend everyone check with their attorney. For instance, here in Illinois, if I were to place my house in the Trust and someone gets injured in my home and sues me, the whole trust is at risk. I have to maintain 1% ownership of the property to avoid this risk. FYI

  • @killerjay1740
    @killerjay1740 2 роки тому +1

    Watched you latest vid where you mentioned how this was your lowest viewed vid. Now its in my recommendations

  • @NickPeitsch
    @NickPeitsch 5 років тому +8

    How to protect your assets...
    GET A PRENUP ;)

    • @jeffsupersaiyan
      @jeffsupersaiyan 5 років тому +4

      EVen those dont help much . especially in states like California and Hawaii

    • @WW-34
      @WW-34 4 роки тому +1

      ...unless you get married in Illinois

    • @jeremiahrobinson3745
      @jeremiahrobinson3745 4 роки тому +2

      Pre-nups are being invalidated by the courts in many states smh

  • @2jukojohn
    @2jukojohn 3 роки тому +1

    I just want protection from gold diggers

  • @thecynik
    @thecynik 4 роки тому +9

    That "pokeyman" thing used to trigger me all the day in my elementary school days lol like "what are you saying??" lmaooo

  • @hatersgotohell627
    @hatersgotohell627 2 роки тому +1

    So what trust protects better with lawsuits or divorce????

  • @kirk7784
    @kirk7784 5 років тому +11

    Smashed the like button immediately after seeing the Pokemon cards

  • @adamcampbell9806
    @adamcampbell9806 4 роки тому +7

    "I was once a Russian who didn't know how to use articles" bilingual grammar humor, love it

    • @timelston4260
      @timelston4260 4 роки тому +1

      I wondered what he meant by that. I get it now, thank you. I got my undergraduate in linguistics and still missed it.

  • @joshweber4120
    @joshweber4120 5 років тому +29

    Started following you three months ago and have built my portfolio to $2500 from $0 while keeping to your rules of only 25% in each sector and finding solid companies, etc. Thanks for all you do. You are changing my life for the better.

    • @AndreiJikh
      @AndreiJikh  5 років тому +5

      Thanks Josh, keep it up, keep investing! :D

    • @_MoneyMike_
      @_MoneyMike_ 2 роки тому +1

      Where are you now portfolio wise?

  • @ryanhassan5705
    @ryanhassan5705 5 років тому +6

    This is creepy I was looking for this information about an hour ago.... and you have gone and made a video!!! Thanks Andrei!!!

  • @randyxdandy
    @randyxdandy 5 років тому +7

    Literally was talking about this process with my mom and i told her ill look it up and get back to her. Thank you for this video!!! 🔥🔥

  • @Snafu2346
    @Snafu2346 5 років тому +1

    Yo DRE! did you hear that Charles Schwab is going to do FRACTIONAL shares? All for free? I'm not sure on the whole deal with it but. I like M1 because of fractional shares. But I HATE the trading window. If Charles Schwab does real time fractional shares, then that would be.... FANTABULOUS

  • @madhatmatty-wealthyhabitst6482
    @madhatmatty-wealthyhabitst6482 2 роки тому +4

    I appreciate this video, most videos I watch (and create) are focused on wealth generation. The preservation portion is JUST AS IMPORTANT!

  • @Veeti1245
    @Veeti1245 2 роки тому +1

    Just dont get married bro

  • @SergiMedina
    @SergiMedina 4 роки тому

    Just don't marry AND don't have any kids. You'll be fine. Probably.

  • @GO-pe2cp
    @GO-pe2cp 4 роки тому +1

    I have a question somewhat related to this topic... is there a way to transfer a dividend portfolio in its entirely to let's say a child in this trust? How do people if it can be done, do this ?

  • @dwanejohnson3772
    @dwanejohnson3772 3 роки тому +1

    Можешь говорить по-русски?

  • @harrisonberghuber9351
    @harrisonberghuber9351 Рік тому +1

    This video was absolutely awesome. I watched it 1.25x, and I just induced every bit of information you had to share.

  • @gabrielvevo100
    @gabrielvevo100 4 роки тому +1

    That jimmi hendrix fact pisses me off

  • @neeenzz
    @neeenzz 4 роки тому +4

    Can I “fund “ my trust with the stocks that I manage through online apps such as Robinhood and if so how? Thanks for all of the great advice!

  • @JazminBautista
    @JazminBautista 5 років тому +15

    Its' like a feast, all the sharks come and feast! My favorite part of the video.

  • @HowToSandAFloor
    @HowToSandAFloor 3 роки тому

    Very interesting video, Laundry Chick

  • @shanetravel
    @shanetravel 5 років тому +2

    Can a trust protect assets in the event of a divorce ?

  • @bradley4251
    @bradley4251 5 років тому +4

    Thoughts on high dividend yielding ETF such as SPYD? compared to choosing your specific companies?

    • @thumperjr100
      @thumperjr100 5 років тому +1

      Great ETF

    • @LAWSON08
      @LAWSON08 5 років тому

      I own some, but I wish it had a way to screen for the strength of company balance sheet and dividend sustainability. I do like the equal weight vs. market cap weight. Good etf but could be better IMO.

    • @Squintillions
      @Squintillions 5 років тому

      I have a bunch of SPYD. My favorite dividend ETF. Solid investment for a portion of the portfolio.👍🏻

    • @bradley4251
      @bradley4251 5 років тому

      Harold Lawson I was also wondering what’s the point in Andrei’s portfolio of indivitual companies when such etfs exist?

  • @DamianAtlasik
    @DamianAtlasik 4 роки тому

    Yes, should pf had made trust xp had gameboy color with the pokemon games. Gold, sylver, crystal, red, blue, yellow, and more. 10 of each pokemon cards in mint condition in pokemon albums. Never knew they would be worth much but my ex wife took it all... sold the games, burned the cards.......

  • @em1ownerify
    @em1ownerify Рік тому

    My grandma just died.
    My trust is 3.2 million
    With 1.5-2 million when my grandmother dies
    The trustee company says it may take 9-12 months to fully get things going before giving out money??
    Also a question but what happens to my trust if we go into a depression or the banks collapse???

  • @MasterM4
    @MasterM4 3 роки тому

    Get yourself a LIVING TRUST rather than a Will (Testamentary Trust). You ever wonder why Steve Jobs was able to hide his fortune which passed on after his death, a Living Trust is why

  • @sachastayswi
    @sachastayswi 5 років тому +14

    Funny. Meeting with my attorney about this in 2 hours. How about expanding on asset protection from creditors and lawsuits? Great video pal

  • @melliamr6086
    @melliamr6086 3 роки тому +1

    Thank you for this value information wow well explained thank you.

  • @that_investor
    @that_investor 5 років тому

    Nearly 500 likes and only 2 losers.... I’m impressed

  • @richardackley1823
    @richardackley1823 5 років тому +3

    Your videos are so cute and funny! I always laugh when I’m watching. Great information too. Thanks Andrei

  • @audreyl704
    @audreyl704 2 роки тому

    I was told i have to $6-$7k? for paperwork of trust == schwab charges annual fees -- do you have to pay for annual fees?

  • @freepilot7732
    @freepilot7732 3 роки тому

    Of you can just create a power of attorney for financial and medical then why was there so many people complaining that they couldn't take care of their lives one because they weren't married. Like those Gay people that were told they couldn't get the same benefits as true married people.. couldn't they just get an FOA? INSTEAD they created a stink dating it was unfair that they couldn't me make under the law. Even though it's a religious deal, whatever, that's a different conversation.

  • @janball3356
    @janball3356 Рік тому

    Hi Andrei, does your advice apply in the UK too {where l live]? Thank you.

  • @jeffkukkee
    @jeffkukkee 2 роки тому

    ...Makes sence, spend your whole life trying to make money... to just throw it to the wind when your gone.
    Better to have a plan.

  • @TrustFire1
    @TrustFire1 4 роки тому +4

    Looking at this video realizing that, I have no one to leave my will too

    • @STRIK3N
      @STRIK3N 3 роки тому +1

      I’m here for you. Even if you don’t, worst case find something your passionate about and either setup a scholarship fund that will go to help people with the same passion, name the fund about you can’t be forgotten if that happens or maybe a charity?

  • @BBFLYRISEN
    @BBFLYRISEN 2 роки тому

    All of this info is written into my Living Trust. They don’t have to be separate documents like this.

  • @MoorishBrooklyn
    @MoorishBrooklyn 5 років тому +2

    Great information. Thanks.

  • @cheynebest7028
    @cheynebest7028 2 роки тому +1

    I'm excited for passing my trust. We're going to play a little game. It will be the last thing I do. PS I'm glad your looking healthier these days Jikh! That music at the end was super chill

  • @carriemilan2045
    @carriemilan2045 2 роки тому

    Hi, not completely my case, but what if you don't have children, not married, have a partner, no one to leave you money to, don't trust anyone (or will do something in order to get you ill) to keep you safe in order to stay with the inheritance. I believe most people who don't leave a will is for that same reason, money is a double edge sword.

  • @michaelworkman309
    @michaelworkman309 2 роки тому

    I almost forgot to like this video until we started talking about “prostate planning attorneys”.

  • @StereotypicalJordie
    @StereotypicalJordie 2 роки тому

    8:34 Poke-man cards yes, I had to just let them be instead of correcting them.

  • @youmeandeveryone5893
    @youmeandeveryone5893 2 роки тому

    How do you mention that music box in a Trust asset or Will?
    And what about charity?

  • @_giwtopoulos
    @_giwtopoulos 5 років тому +4

    Nice video keep working this way and the top is yours!!💪

    • @JazminBautista
      @JazminBautista 5 років тому +1

      I agree with you ! His video are extremely unique.

  • @philipdressler9639
    @philipdressler9639 4 роки тому

    If you have power of attorney and you get abused by family members who mind control over power of attorney and mind control and telling you cant have dont ypu have the write not to fight them because of money you don't have and you want the trust fund intact and the truth about you income levels and women abusing you your trust over power of attorney make sure you don't fight the family because of lawyer fees and fines by church and government

  • @OLOZANO
    @OLOZANO 4 роки тому +1

    You just made what would normally be a TREMENDOUSLY MONOTONOUS topic into something ANYONE can follow, understand and actually benefit from!
    I wasnt ready when you bust out the Pokemon Card Collection but dude... I already know you had an INCREDIBLE childhood! 😆👏.
    Thank you once again for helping me and countless others becoming that much wiser. 👊💥
    By the way: have I told ya just how FIRE I think your outro is!?!?
    Do share your secret! 😄

  • @ewills8644
    @ewills8644 4 роки тому +4

    Thank you! I always wanted to get this done and never knew how to start

  • @guitaromaniac100
    @guitaromaniac100 5 років тому +1

    Where there's a Will, there's a Way but where there's no Will, your family is gonna Pay.

  • @NickPeitsch
    @NickPeitsch 5 років тому +2

    Excellent and informative video!
    My family set up a trust many years ago for those reasons you’ve mentioned in the video 👍

  • @philipdressler9639
    @philipdressler9639 4 роки тому

    Make sure you not a canbolist and canabolist dont try to help you get charged with murdering trust fund babies or your wife in the future

  • @dusanveselka3240
    @dusanveselka3240 2 роки тому

    You talk abput pokemeeny whatsit but not long in the future you will be taking about crypto kitties.

  • @hellsingghrey1532
    @hellsingghrey1532 5 років тому +1

    There goes my afternoon. Well, since we're on the topic, can you make another vid that explains or leads to an explanation of what happens to a persons retirement fund if they pass away early? Like, they spent all that time setting aside that money, working, sacrificing, disciplining themselves... So what happens to the fruitylooms of their efforts if they kick the bucket early ? What can they do to assume a smooth transition of their retirement payouts to their college bound kids or their hypochondriac husband, etc?

  • @fadisaba6111
    @fadisaba6111 5 років тому +1

    I gave you the like for the pokemon part 👍

  • @EffySalcedo
    @EffySalcedo Місяць тому

    I know need trust, I very young . RIP Prince😢

  • @willofdodge1
    @willofdodge1 2 роки тому

    damn.......I just realize that I'm gonna die

  • @iriemabayo5939
    @iriemabayo5939 Рік тому

    My husband and i have few rental property and would like to put it in trust fund

  • @puredistancegolf
    @puredistancegolf 2 роки тому

    Humans haven't complicated life at all 🙄

  • @zakuabumi8908
    @zakuabumi8908 2 роки тому

    He is so right at 8:35 about pronunciation. Preach my n---a.

  • @thekingno0012
    @thekingno0012 5 років тому +1

    Do you researched on indian market

  • @surfinbird71
    @surfinbird71 3 роки тому

    Avenatti (CPL) never watched this video.

  • @sewinglotus9676
    @sewinglotus9676 4 роки тому +1

    Can your power of attorney or attorney infact also be a beneficiary?

  • @TakashiNippon
    @TakashiNippon 2 роки тому

    Great Educational Video Andrei

  • @dashxdr
    @dashxdr 4 роки тому

    I think your including the affiliate commission information in the links is in conflict with your assertion that you have no financial stake in this.

  • @arthurgreen6682
    @arthurgreen6682 3 місяці тому

    Excellent Video Andrei! Love the content! Definitely will be setting up my Trust soon!

  • @VMac-eg7fb
    @VMac-eg7fb 2 роки тому +1

    I have tried to understand a trust up until I listened to Your delivery, I now know what trust is and how to easily accomplish the job, no longer is it consodered a drugery simply by the way you presented it, in fact it might be a blast accomplishing ithe task, thanks Andrei, might I say you now own an awesome home, kind regards young man.

  • @Just-Move-Forward-John
    @Just-Move-Forward-John 5 років тому +2

    Great resource! Thank you. I'm going to share with my family. I just hope my grandparents actually listen

  • @Zaerki
    @Zaerki 2 роки тому

    Who else is here after Andrei plugged his own video?

  • @thecaferevolutionary8580
    @thecaferevolutionary8580 2 роки тому

    What was that song I really like it reminds me of minus the bear

  • @flowerhour9539
    @flowerhour9539 5 років тому +2

    Whoa dang! Pokemon!
    That Music box though!
    That cool outro music!
    Oh yeah and thanks for the useful info😉👍

    • @AndreiJikh
      @AndreiJikh  5 років тому

      Thank you! I’m proud of my poke man 😂

  • @BeeBombard
    @BeeBombard 5 років тому +1

    Vanguard vs Charles Schwab for Roth IRA? What etf do you recommend investing in in that Roth IRA? Thanks bro

    • @sadiegirl5312
      @sadiegirl5312 3 роки тому

      FIDELITY! They do not show what you buy to the Hedgefunds! Stay away from Vanguard, TD Ameritrade, Robinhood, Momoo, Schwab...
      .....all do it! Fidelity is the absolute only one in 50 years that has not shafted me in some way.

  • @mydashcam6
    @mydashcam6 5 років тому +1

    This is very good information man. Thanks for opening my eyes and informing us youtubees... or are we youtubers? Whatever we are... thanks!

  • @rayperkins1151
    @rayperkins1151 5 років тому +1

    up me

  • @iriemabayo5939
    @iriemabayo5939 Рік тому

    Hey Andrie, can the trustee be both couple or only either one?

  • @ag23cleve11
    @ag23cleve11 Рік тому

    What’s the title of this song at end. I need to know. Thanks.

  • @milanparmar8085
    @milanparmar8085 2 роки тому

    I will like all of your videos since 2021

  • @Dayce116
    @Dayce116 Рік тому

    Great video.
    Thank you.

  • @arshg9318
    @arshg9318 2 роки тому

    Bulbasaur was one of the hardest cards to find

  • @daniel89123
    @daniel89123 5 років тому +2

    Can an irrevocable trust protect marital assets lmao or what happens to those assets in case of a divorce if the trust was set up during marriage.

  • @philipdressler9639
    @philipdressler9639 4 роки тому

    My momy has the ugliest pants and looks like a tom boy

  • @ryanraines1469
    @ryanraines1469 2 роки тому

    Good content vid it shouldn’t of bombed

  • @constra7969
    @constra7969 5 років тому +1

    Get a prenup (idk how to spell it haha)