Thanks, Toby! Its true that traditionally young people are discouraged from proper long term planning. Waiting until you are on the verge of entering a nursing home is WAAAY too late to plan. Its like waiting to be rescued in the middle of a hurricane with your roof blown off and your home flooded. Being prepared isnt only about stock piling batteries and food. You need to think about a very long future, as well.
Very important knowledge , very easy to understand …..I am old unfortunately I did not look for this information when I was 22 years old l caa AD me to this country ….I want to leave a legacy not only for my descendants … also for other immigrants that do not have this valuable presentation in other lenguages.. Thank you
Thanks TM, I enjoy watching your video's, financial education is very much important in our daily business life and securing the future of our loved ones.
Hi Toby.... awesome content indeed! I have 3 questions.... for people living abroad, how can they apply an Asset Protection Plan + Estate Planning if they own companies and real estate in different countries? How can they create a Legacy for the future generation? Is this something that your firm can advice? Thanks!!
If the grantor of a living trust dies, are there any required delays before the trustee or beneficiary can administer that trust. Any time or waiting period before the beneficiary can access their inheritance or sell the property inherited? Any legal administrative requirements the trustee need to know? Thank you very much for your excellent educational lectures!
Thank you so much for your question! We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
can you tell us how do you make sure the Trustee will follow the Trust's instruction? when the trustee is someone who has no relation to you and has no reason to manage the asset properly. how do you make sure the assets will continue to grow and not get sold off by the Trustee and funnel it to themselves? does the Trustee get compensated? how?
Thank you indeed, Esq. I’m glad I tuned in to your UA-cam videos. I’m quite interested in your channel and highly educative presentation. At the moment, I will try and seek out Truestee Companies to immediately begin with my Living Trust Program.
Thanks Toby. Very, very, very good stuff!!! I have been an Anderson client for a little over a year. Very satisfied with y'all and have recommended Anderson a lot.
Thanks Tony for your presentation of Estate Planning. We have already a living trust made, but we want to put our primary residence to our trust in the context of asset protection, how do we do it. Please we need your advice. We live in NYC. Thanks Toby
Happy to help! This is actually a pretty common misconception but a living trust does not provide asset protection or separation from you individually. That being said, the primary residence is usually best served by setting up a land trust for anonymity, as an LLC can void the benefits (state and federal) associated with a primary residence, which should definitely be owned by your living trust. Finally, to fund real estate into a trust you need to deed the property into the name of the trust, which is a service our team offers! Reach out to your senior advisor, or become a platinum client and we would be happy to help!
Hi Toby I’m over 72 and more than 3/4ths of my remaining assets are in IRA accounts. I guess that avoids probate but I’ve left myself with a big income tax headache. If I die I’m ok leaving my IRAs to a living trust to support my spouse, or if my spouse dies before me to support my children. But my spouse will need someone to manage the IRAs, and creditor protection for my children is an important concern when their turn comes. Can you help?
I would love information like this relevant for England. Could you provide this or do you have any suggestions of where to look online for it? Thank you
I love watching your videos very informative. I have been watching videos on cash flow banking using whole life insurance and I was wondering if you have any thoughts on this also
You likely covered this but does step up depreciation work in this situation with a trust. Example: 300,000 current value rental house. Depreciated Basis down to 80,000. At passing of grantor and son inheriting house, new basis is now current value, $300,000 and he may sell it federal tax free? Not sure about state taxes. 😊
Mr. Mathis, 1st of all thank you for your excellent videos, we like your recommendations, could you recommend a lawyer in Houston that's familiar with your structure. Thanks again. Jack Lee
Hi Jack, thank you for leaving your comment. You can request a FREE 45-minute consultation to discuss our proven asset protection and tax strategies and how they apply to your unique situation. Here is the link! aba.link/tobyss
Hello Tobi, I have a living trust, created in 2009, which owns my residence (California: market value $ 3.75 M with tax basis of $ 1 M) with me as primary beneficiary and my only daughter the secondary beneficiary. When I pass away the trust becomes irrevocable (right ?), does this trigger change in ownership (re-assessment of the house and subsequent increase in property tax under prop 19) ?
I am researching this too…so far from what I have read…I thinkIf your only daughter is the sole beneficiary of the house and lives in it as her primary residence then it is not reassessed…but if/ when she sells it she’ll pay capital gains tax, she cannot rent it our either. ( that was a change that prop 19 created)yes, upon death trust is irrevocable .
So a living trust is I think you said 7 to 10 thousand dollars, and then I guess there are on-going expenses by the trustee after you die. Can you set up a living trust instead of a will to transfer the property quickly without probate and not have the trust exist 365 years.
I appreciate your question about the primary residence in the context of asset protection. Protecting your primary residence is a crucial consideration. To provide you with detailed and personalized advice based on your specific situation, I recommend scheduling a free strategy session. Visit: aba.link/689e5b
how can you help me my hisband sies in england taylorsemmet process my inheritance money and the bank release the money and siobhan gibson tayloremmet said need grant from the court, before send to me .,how long it will take grant approval
Hi, thank you for reaching out. I recommend scheduling a free strategy session to speak with one of our advisors, there we will answer your questions, review our services, and pricing, and create an asset protection blueprint. Please let me know if you have any further questions. Here is the link bit.ly/3JbMhRP. Or you may call to speak with an advisor at our toll-free line, 800-706-4741. Our office hours are Monday - Friday 8 am - 5 pm pacific.
Who holds the trustee accountable? Who or what agent governs the instructions of a trust? I imagine some bank clerk making the decisions that Billy can't buy that Lamborghini or can go to college...
Want answers to your questions about this video? Schedule a complimentary consultation with our experts today! aba.link/689e5b
Is ladybird deed good for rental
Excellent 3 part video! Love the suitcase analogy!! Thank you so much for doing this!
Glad you enjoyed it!
@@TobyMathis also love the idea of putting mission trips in the trust!
Thanks, Toby! Its true that traditionally young people are discouraged from proper long term planning. Waiting until you are on the verge of entering a nursing home is WAAAY too late to plan. Its like waiting to be rescued in the middle of a hurricane with your roof blown off and your home flooded. Being prepared isnt only about stock piling batteries and food. You need to think about a very long future, as well.
Thanks Toby M - for your impressive 3 series presentation, looking forward for a follow up consultation
i watched all three part, i'm knowledgeable now. all i need to do is get wealthy :)
🇯🇲🤩
Thank you for your trust information. The three part series was very beneficial to me and how to set up trust.
Glad it was helpful!
Thank you Tobie,wish i had this knowledge at my 20th,May God bless you!
Very important knowledge
, very easy to understand …..I am old unfortunately I did not look for this information when I was 22 years old l caa AD me to this country ….I want to leave a legacy not only for my descendants … also for other immigrants that do not have this valuable presentation in other lenguages.. Thank you
Thanks TM, I enjoy watching your video's, financial education is very much important in our daily business life and securing the future of our loved ones.
Hi Toby.... awesome content indeed!
I have 3 questions.... for people living abroad, how can they apply an Asset Protection Plan + Estate Planning if they own companies and real estate in different countries? How can they create a Legacy for the future generation? Is this something that your firm can advice? Thanks!!
Excellent series! Do the beneficiaries of a living trust pay income taxes on distributions?
Loved that presentation. Thanks. Now I’m thinking.
Great presentation .. thank you so much
If the grantor of a living trust dies, are there any required delays before the trustee or beneficiary can administer that trust. Any time or waiting period before the beneficiary can access their inheritance or sell the property inherited? Any legal administrative requirements the trustee need to know? Thank you very much for your excellent educational lectures!
Thank you so much for your question! We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
can you tell us how do you make sure the Trustee will follow the Trust's instruction? when the trustee is someone who has no relation to you and has no reason to manage the asset properly. how do you make sure the assets will continue to grow and not get sold off by the Trustee and funnel it to themselves? does the Trustee get compensated? how?
Thank you for all 3 parts!!!!!
Our pleasure! Thank you for watching our content, we hope you consider subscribing to the channel!
Thank you indeed, Esq. I’m glad I tuned in to your UA-cam videos. I’m quite interested in your channel and highly educative presentation. At the moment, I will try and seek out Truestee Companies to immediately begin with my Living Trust Program.
Thanks for watching! Glad it was helpful!
Thanks Toby. Very, very, very good stuff!!! I have been an Anderson client for a little over a year. Very satisfied with y'all and have recommended Anderson a lot.
Much appreciated! We are glad to hear that you are a satisfied client!
Thanks Tony for your presentation of Estate Planning. We have already a living trust made, but we want to put our primary residence to our trust in the context of asset protection, how do we do it. Please we need your advice. We live in NYC. Thanks Toby
Happy to help! This is actually a pretty common misconception but a living trust does not provide asset protection or separation from you individually. That being said, the primary residence is usually best served by setting up a land trust for anonymity, as an LLC can void the benefits (state and federal) associated with a primary residence, which should definitely be owned by your living trust. Finally, to fund real estate into a trust you need to deed the property into the name of the trust, which is a service our team offers! Reach out to your senior advisor, or become a platinum client and we would be happy to help!
Hi Toby
I’m over 72 and more than 3/4ths of my remaining assets are in IRA accounts. I guess that avoids probate but I’ve left myself with a big income tax headache. If I die I’m ok leaving my IRAs to a living trust to support my spouse, or if my spouse dies before me to support my children. But my spouse will need someone to manage the IRAs, and creditor protection for my children is an important concern when their turn comes. Can you help?
Awesome series Toby, you're my guy...are you in Vegas? I'd love to set up a consult
Here is the link to schedule a free strategy session, aba.link/tobyss. Or you may call to speak with an advisor at our toll-free line, 800-706-4741.
What is a business trust? Can a c corporation have a grantor trust?
I would love information like this relevant for England. Could you provide this or do you have any suggestions of where to look online for it? Thank you
outstanding series
Thanks Toby!
Absolutely tremendous presentation.
Whooee, I just started this process and learned a lot! Now to absorb it all 😂
That's awesome to hear! Keep up the learning momentum!
I love watching your videos very informative. I have been watching videos on cash flow banking using whole life insurance and I was wondering if you have any thoughts on this also
Man! I watched your 3 part video and would love to speak with you on asset protection
Feel free to ask any questions you have here 😄
Smart Toby will never be an enabler
You likely covered this but does step up depreciation work in this situation with a trust. Example: 300,000 current value rental house. Depreciated Basis down to 80,000. At passing of grantor and son inheriting house, new basis is now current value, $300,000 and he may sell it federal tax free? Not sure about state taxes. 😊
Yes - complete step up to $300,000. No recapture and heir can depreciate the asset at the stepped-up value of $300,000. Nice:-)
Thanks Toby
good advice thank u
Mr. Mathis, 1st of all thank you for your excellent videos, we like your recommendations, could you recommend a lawyer in Houston that's familiar with your structure. Thanks again. Jack Lee
Hi Jack, thank you for leaving your comment. You can request a FREE 45-minute consultation to discuss our proven asset protection and tax strategies and how they apply to your unique situation. Here is the link! aba.link/tobyss
Hello Tobi, I have a living trust, created in 2009, which owns my residence (California: market value $ 3.75 M with tax basis of $ 1 M) with me as primary beneficiary and my only daughter the secondary beneficiary. When I pass away the trust becomes irrevocable (right ?), does this trigger change in ownership (re-assessment of the house and subsequent increase in property tax under prop 19) ?
I am researching this too…so far from what I have read…I thinkIf your only daughter is the sole beneficiary of the house and lives in it as her primary residence then it is not reassessed…but if/ when she sells it she’ll pay capital gains tax, she cannot rent it our either. ( that was a change that prop 19 created)yes, upon death trust is irrevocable .
@@lorirowell8003 Thanks Lori, This is I was expecting from what read, but needed confirmation. Can you point to some literature on it, you assessed ?
Thank You! : )
Thank you for watching!
So a living trust is I think you said 7 to 10 thousand dollars, and then I guess there are on-going expenses by the trustee after you die. Can you set up a living trust instead of a will to transfer the property quickly without probate and not have the trust exist 365 years.
Where does your primary residence go in the suit case?
I appreciate your question about the primary residence in the context of asset protection. Protecting your primary residence is a crucial consideration. To provide you with detailed and personalized advice based on your specific situation, I recommend scheduling a free strategy session. Visit: aba.link/689e5b
i dont i allow tayloremmet to interfere my inheritance property ,i said wait for me until i come in england
how can you help me my hisband sies in england taylorsemmet process my inheritance money and the bank release the money and siobhan gibson tayloremmet said need grant from the court, before send to me .,how long it will take grant approval
Can I hire you for my estate planning?
Hi, thank you for reaching out. I recommend scheduling a free strategy session to speak with one of our advisors, there we will answer your questions, review our services, and pricing, and create an asset protection blueprint.
Please let me know if you have any further questions. Here is the link bit.ly/3JbMhRP. Or you may call to speak with an advisor at our toll-free line, 800-706-4741. Our office hours are Monday - Friday 8 am - 5 pm pacific.
Who holds the trustee accountable?
Who or what agent governs the instructions of a trust? I imagine some bank clerk making the decisions that Billy can't buy that Lamborghini or can go to college...
l just contacted your office and I would like for you to handle my fortune
Excellent, please let us know how your experience with us goes 😁
Thank you Tobie,wish i had this knowledge at my 20th,May God bless you!
Thank you for the support!