Trusts 101 - Estate Planning With Trusts
Вставка
- Опубліковано 11 чер 2024
- Learn the basics about trusts and how they are used in estate planning. What is a trust? What type of trust do you need? Watch and learn here.
NOTE: NOT LEGAL ADVICE! For informational purposes only. Contact our office at (248)278-1511 if you would like legal advice specific to your situation.
Keep more videos like this coming please. The more in depth and detailed they are the more helpful they are.
Usually, I never comment on videos, but your video is so convincing that I become unable to stop myself from doing something about it. You’re doing a great job Man, Keep it up.
I have watched numerous trust videos, and you video was the most concise, comprehensible, and enjoyable. Thank you so mcuh
Thank you Nicole; the inclusion of the slides with the pertinent text concurrently visible in the background as you spoke, made this video much easier to consult than other productions on UA-cam.
This lovely lady explained this SO concise and simply I could cry. I took a wills and trusts class and I had a basic understanding of it in general, and though I liked my teacher so much she convoluted things a bit for me. I dont think I fully understood the materials. This was explained so well that a ten year old would be able to understand it. THANK YOU so much.
This is excellent. I'm not even all the way through and I'm so glad I found and am watching it. You break things down in an easily digestible way. I'm a lawyer, but not an estate lawyer, and I wish all lawyers were capable of this kind of presentation.
I took notes, thank you for clarity on the basics of Trusts! No probate! I now can explain exactly what I want my rule book to say with the help of my lawyer. I am loving the idea of TRUST automatically shifting control for me and my spouse if we get sick or upon death. God bless you!
Thank you so much for this! I really like how you went over everything that's not protected with beneficiary designations
Excellent video, very informative. I am a trust and estate practitioner in England and I’m going to use this simplified information to help my clients understand how trusts work. Thank you!
That's awesome!
You are a brilliant communicator! I learned more in this brief video than I did pulling an all nighter last night researching different sites online last night....Thank you.
That's awesome to hear! I try to make the complex easy to understand. Good to know it's working.
😂
This was soooo helpful and simplified! Great job! Please keep them coming...
Thanks for explaining it plain and simple. Helped me a lot with my Real Estate course.
Thank you so much for explaining this in such an easy way. This really helped me because I'm interested in going to law school to become a lawyer who specializes in trusts!
This was such a great high level overview of the concept of a trust. Thank you for sharing.
Very informative. Thank you
Great information and you explained the process very well. Thank you. I look forward to watching more of your videos.
Thank you! Very useful explanation and easy to follow.
Great piece! You make it so easy to understand. Thanks
Thank you for the excellent video and really like the way you explained in clear, simple terms and the importance of funding the trust.
Thank you for all these informations for all of us misinformed or partially informed.
Thank you so much! I'm sitting for the July 2019 bar exam and Barbri did a horrible job on their trusts section. This cleared up so much! Thumbs up!
You're welcome! It's amazing how few attorneys really even understand these basics. Glad to know it helped your understanding for the bar exam - AND GOOD LUCK!!!! You'll do great.
Did you pass?
Thank you. Clearly explained. Love short useful videos like this. It was great
That was a SUPERB intro. Lots of questions answered for me. Thanks!!
Thank you for this breakdown. The information provided in this simplified overview was helpful as I look at how to protect the family and the future of the family in my absence, hopefully down the road a loooong way.
Had to watch the video twice. I was hypnotized by the eyes in the first video and forgot what I was doing for a minute.
Thank you for the great explanation!
Love the way you stress how IMPORTANT it is to do these trust details. Thank you
She is LIEING To you Gloria, try to wake yourself up. Your so called estate has NEVER being recorded or registered on the land properly. YOU was Removed from owning anything from 1933 and all people born after 1933. This Lady is tell everyone LIES and the people watching this nonsense , has no clue that they are being LIED too. I hope you educate your self, so you don't fall victim of the FRAUD by deception this lady is committing against all the viewers that trust what she is saying?????? Their is a few more trusts but she will never tell you what they are??? including but not limited to, as their are many Trusts - #1. forms of Trust is a Business Trust. #2. forms of Trust is called a Constitutional Business Trust, The U.S. Constitution is a Business TRUST and all U.S citizens are Beneficiaries of said Constitutional Trust agreement. With in a Trust you have protected rights, per what is said in the Trust agreement. ALL Amendments are trust protected agreements, i.e. 1st Amendment to protect Free Speech etc.. 2nd Amendment , The protected right to defend yourself and family against Tyrannical Corporate government etc. 3rd Amendment Protect rights within said Trust agreement as written etc... 4th Amendment Protected trust agreement rights etc. etc. etc. etc. #3. form of Trust is called The Federal Reserve Trust agreement, and ALL U.S. Citizens are beneficiaries of said FEDERAL RESERVE Business Trust, because in 1933 the federal reserve made a deal with all future people, allowing ALL people born after 1933 to Offset - write off - Discharge ALL Public Debts including but not limited to all bank Loans, all bills, all mortgages, all public debt. The PUBLIC = Incorporated STATE, Incorporated Federal Government, incorporated CITY, incorporated SCHOOL DISTRICT, incorporate Territory etc. etc. etc. , as ALL Corporate citizens are OWNED by the federal reserve as per The Name from the Birth Certificate that is STOLEN Identity ( aka Borne Identity - simply Google search ' Are we owned by government ??? ' search result = Us citizens are owned by The United States Federal reserve, a note in the stock exchange, being traded as a commodity. THE BIRTH CERTIFICATE IS A Federal Reserve BANK NOTE, a debt collateral, held in a Constitutional Business trust , which ENSLAVES all U.S. Citizens as Corporate Debt Collateral ) 14th Amendment states - 1.1 Public Debt Clause. Fourteenth Amendment, Section 4: The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. SHALL NOT BE QUESTIONED??????? Why is that???? it is because , if the Federal Government answers to the question of WHO is Liable for the National Debt, The Federal corporate Government would have to admit to ENSLAVING ALL PEOPLES or Citizens of THIS LAND and world wide lands?? Slavery or Involuntary servitude was abolished in January 1st 1863 , Ratified on December 6th 1863??? Look it up. This guy takes a lot about TAXES??, but never tells you that TAXES are a VOLUNTARY PAYMENT PROGRAM. I challenge anyone to prove to yourself that YOU own any form of TAXES?? STATE ( = corporation ) Income taxes, Federal ( = Corporation ) incomes taxes, estate TAXES on personal property, etc. etc. any tax you can think of, prove to your self that you own Taxes of any kind? show yourself the so called Law?? When Corporations do NOT make laws, they create corporate Rules, Acts, regulations, statues that fall under Colorable Law = Colorable law is Corporate Rules and Regulations masquerading as LAW, in fact colorable law is not LAW. PEOPLE YOU CAN NOT CONTINUE GOING THROUGH LIFE , NOT UNDERSTANDING WHAT THE f IS GOING ON???????????? DO SOME RESEARCH ON THE TOPICS MENTIONED IN THIS COMMENT, for your OWN Benefit???? Enjoy your days being FREE if you even stand up to the Bullies in your lives ......... LOL?
Wow! I did not read your longass reply!!
Oh my god this was incredibly helpful and the analogy/metaphorical references helped greatly thank you!
Love it! Thanks for letting me know!
I like the part you explained the difference between Revocable and Irrevocable Trusts that entails important asset protection AFTER life and DURING life consecutively. Thank you!
Excellent easy to understand presentation. Thank you.
Great overview and communication skills. Much appreciated. I may need to call your firm now!
This was extremely helpful , thank you for the clarity !!
So glad you think it was helpful! Thank you for letting us know.
Thank you! This is incredibly helpful!
SHE IS LIEING to you, it is sad to see that people commenting have NO CLUE , what they are listening to, and refuse to do their own research to verify that she or any so called Trust lawyer is telling you the truth, The Blind leading the Blind as they say.... ?? THEIR is NO estate Trust that protects one's estate because YOUR so called estate has NEVER been recorded or registered properly on the land. How can you verify this information shared, by looking at your Property tax bill and the Fictitious name on said property tax bill. #.1 pay attention to how many acres you pay tax on? Land is property, if you see ZERO acres of land that you are paying taxes on, that is a MASSIVE red flag? . #2. The name as written on your Property tax information is NOT YOU another MASSIVE RED FLAG. Your FULL LEGAL NAME includes in the following order... Your Given Name and your last name. Your given name is your first and middle name IS your given name, then your Last/fathers name. Does not matter if you are married or single. So for example, Your displayed name is Louisa Keddell, now if your name was written in all caps e.g. LOUISA KEDDELL - this all caps description is not you, it is a fictitious name created by someone else, and it is fraud against you. If you have a middle name? lets say your middle name is Clair?
Very impressive video. Much more success to you in 2021
very helpful information and clearly explain...thanks!
Thank you very much your expertise in trust experiences and helping those not understanding will help my clients turn to ask and orientation in our workshop...
Helpful and appreciated
Thank you! This was extremely helpful
Beautiful! The info was awesome also.
very informative and thorough. she comes cross like a friend or a person next door.
The best kind of compliment!
Thank you for this. This helped a lot!
Thank you! You just gave me more info than I got from my lawyer when I created an irrevocable trust. I need more info on funding it and I had no idea the trustee has to pay taxes on the trust.
This was very helpful. Thank you!
Wonderful information. Thank you!
This was actually very helpful!
Thank you for the simplified explanation. The trustee we are dealing with did not do anything she was supposed to do and now we are close to having to go to chancery court.
Thanks so much! Very important and helpful information! !
I'm so glad you found it helpful!
Very informative...thank you!
great information, need to learn more ! Thank you !
Thank you!
Great job....very helpful👍
Very helpful video..thank you.
Excellent! Thank you!
Thank YOU!
Thanks! Nice presentation!
This is an eye opener, thank you!
So helpful. Thank you !
Amazing well done thank you so much
It’s vital to set up a proper estate whether it is an revocable trust or irrevocable trust and a living will.
Excellent video!
Thank you Nicole
Thank you for your erabolete vidio, very benefitial to your audience
Thank you, the first video I've come accross that explains things clearly and simply. Wished you were based out of NJ.
Thank you! It's always my goal to be clear!
Excellent presentation. Slow talker so can be followed. Talks for people not for herself. No waste of time on irrelevant materials. Well planned in advance . Teach a business law course in a college. Thank you.
Great enthusiasm
Thanks for the awesome, simplified overview. After watching numerous videos to acquire info, this one definitely clarified the most info. May I suggest for the future you identify jurisdiction and how broad your info applies geographically? States and countries vary widely I've now learned.
This information is generally applicable to how trusts work in the United States. That being said, I would never advise anyone to try to draft a trust themselves or to do it online without specific legal advice from someone qualified in their state.
Amazing video
Very helpful. Thank you
I’m 28 I’m glad I’ve caught this early
Very good. Thanks
Excellent vlog!
Very well done. Thanks
I am a 51 year old retired veteran who is now a 2L in law school. I am currently taking my T&E class, and this was very helpful.
You really break it down in easy to understand terms and with good explanations.
Thank you for making this.
That's great to hear! I know I would have appreciated this simpler approach when I was in law school. Just remember: this is for "real life" - not exam purposes, LOL
@@FamilyAgingLawCenter
Lol - an excellent and relevant point (real life v. exams).
I plan (and pretty much have a job waiting for me) to work in the DA's office in Alaska (where I was stationed and still have a house) - and I mention that because this isn't going to be my "field of expertise" - but, that said, having an experienced and articulate attorney break it down so that even a layperson (or, worse, a law student, lol) can understand, was very helpful.
I wish you the best in your practice and look forward to seeing more of your videos to help me better understand this important aspect of the law.
Thanks for your reply and your kind wishes.
@@StevenMRA I was a prosector as my first job out of law school! Wishing you the best. It is great experience no matter what you eventually do.
@@FamilyAgingLawCenter
To add:
I retired from the military and gave great thought to what I wanted to do. For brevity I'll keep this short:
1) I wanted a job that elevated my life.
2) I wanted a job that would help financially secure my future.
3) I wanted a job that when I came home at night if I told my wife what I had done that day that she would look at me with pride and think "this is the man I married"
I then picked "Working the DA's office" - and we plan to return to Alaska (our home) and that will be my second career until I finally "really retire."
I thank you for your kind words, and as my 2L year closes I now know "I'm going to make it" - and, yes, I am also very hopeful as to my future and glad I have made this journey.
Thanks again for making this video - and I'll keep an eye out for more that might fill my brain with useful knowledge.
Be well.
Great video, thank you!
Loved the content.
Bravo! :-) what a vibrant super smart super lovely lady! 🙌
Great explanation
That was outstanding.
Thank you!
Thank you!
Thank you.
nice intro to trusts thanks
Great video
Great Info.
Super helpful.......
Been there. It's a good thing. There is a lot they assume and don't tell you. Later can become quite complex and painful. A lot of 'if this happens....'. I'll still get one, just with a lot more details in it. A lot.
Thanks so much!
Excellent
Thanks
Great Video! Thanks so much for sharing. I am planning to refocus my real estate sales business toward selling estates. I have found that the beneficiaries are the most appreciative of all my client types and I really enjoy helping them. I am offering three options: 1. Cash purchase 2. Realtor Services 3. Renovation Services to increase purchase price. What other services do you see that your clients would benefit from when inheriting real estate either through a trust or a will? Thanks so much! - Chris Black, Assoc. Broker (Serving DE-PA-MD)
Good video.
Great hair! LOL and thanks for the info.
LOL thank you!'
Great video, very informative but the only thing that makes me nervous is not being able to manage my own assets and money that are in the trust? Is it true that someone else manages the accounts in an irrevocable trust?
Good points
superb explanation ! Brilliant !
Need help on how to draft a irrevocable trust
If you're not an attorney that is experienced in these, I don't recommend trying. It would be too easy to mess it up!
That's much more complex and definitely requires an experienced attorney!
Depreciation of assets, can a trust help with that or are there some other procedures?
Thanks for this info.....You state, A revocable living trust DOES not provide asset protection, & this is a problem for some, but I have no idea what you're talking about, w/ "asset protection".
This is great thanks. Love your hair and look. You look like Jessica Biel or rather she looks like you. Pretty.
This was Excellent!
So glad you think so!
Greetings, from Atlanta! What about vehicles? Can we put our cars into an irrevocable trust?
hello
your video is very interesting and easy to understand the initial process of a trust.
I have a couple question if you could clarify, my appreciation in advance.
1. I read that in a Irrevocable living trust changes are not allowed. Is that true? So, if I have a property in this kind of trust, I can not sell the property or make any change to it? what kind of restrictions are included in this kind of trust?
2. If husband and wife do a trust can they be the trustee of each other in a revocable or irrevocable living trust? Can one be the beneficiary of the other?
In some types of irrevocable trusts, you can make changes. This is a specialty area that attorneys like myself can help in. Spouses can be each other's beneficiaries, but it needs to be set up properly if you are trying to achieve asset protection.
I just got into estate planning and business I have a book on economics and took a class at community college
What identification will the bank require if an individual is the a trustee of a trust?