Matt these last 3 videos have been awesome, I think this is a perfect niche for you. Most other videos don't have the legal insights. Keep up the good work.
God bless you for your caring information about estate planning in such a clear manor. A reminder that there is a way to help our loved ones after we are gone, what a true way to show our love and care for our families. 🙏✝️☮️
Thank you Matt. Your channel is so helpful and one of a kind. I look forward to hearing about info on powers of attorney. What happens if a person is power of attorney and their parents have no family trust or even an original notarized will? My dad died in 2021 and I'm power of attorney for my mother, who's in hospice here in Arizona. She is so mentally impaired with dementia, she at times does not even know who I am. She will die without a will as my parents cut corners and didn't properly handle their affairs. My uncle is the executor of her unnotarized photo copy of a boilerplate short form will. Amazingly, my parents did go to the expense of hiring an estate planning attorney to properly draft the power of attorney that allowed me to sell their property and add my name to their banking accounts.
Powers of attorney are only effective during the person’s life, once they pass away the POA becomes ineffective, you then need to fall back on the will or trust (if any)
Hello matt. So glad to see you. Most vids are bland, not much jnspiration. Not on the same wavelength. With you and JB, however, i am more attuned to the video. Thank you for the inspiration and knowkege, so i may continue with my goals. GOD BLESS.
Matt, the Prez just can’t tax folks selling their homes! Not sure if you’ve covered this yet. Thanks for keeping us up to date in this crazy world we live in😊
This was very helpful. I have an irrevocable family trust for my daughter which I have to have amended to Include my autistic grandson, but she wouldn’t let me put my house in it because it wasn’t paid off , so I think when I go to update it, I will find a new attorney. Thank you for bringing this to everyone’s attention. It’s so important to know that I am leaving everything in order and not a mss for my family.
Good plan. in California the house does not need to be free and clear to put it in your trust. I don’t think that sounds right if you are talking about a revocable family trust.
Matt, can you talk about the difference between an irrevocable trust and a land trust for homes and the value of a Payable On Death form that can be recorded at a person’s local bank that maintains their checking/savings account? Can this POD help those accounts avoid probate?
Thanks Matt I try to watch all your vids but sometimes I miss a few of them, It's hard to fit vids these on my busy schedule, But all your info is solid! and you've been on point since day 1
Excellent information and warnings! Maybe next video tell us what you require a new client to bring to your office when setting up a trust. A 401k has beneficiaries. Should this be in the trust?
Yea, there are con men Trust sellers out there that set up a binder full of signed papers, but they don’t tell you to transfer anything *into* the trust. 🤦♀️
Are you suffering with pain? Hopefully. For I reckon that the sufferings of this present time are not worthy to be compared with the glory which shall be revealed in us.
Matt , I don’t even think I Trust the people at the trust institution . Do you have any recommendations who to use ? Of course I don’t live in California, I live in Michigan . If you would have a recommendation, please let us know . Legal Zoom ?
yes the institutions that serve as trustees like banks are not the ones that should be drafting your state plan. You just need to find a good estate planning attorney in your local area.
What is the best advice if you still owe on a mortgage and have equity when you die, if you want to be able to allow an adult child to sell or keep it?
usually, the will or trust language allows the beneficiary to retain the asset or sell it after the testator or trustor dies. I’ve had some clients have me draft provisions that instruct the property be paid off from the state assets and retained in the family.
Matt these last 3 videos have been awesome, I think this is a perfect niche for you. Most other videos don't have the legal insights. Keep up the good work.
Thanks Mike
I appreciate these legal based segments. You're a true helper of the people. Thanks, Matt.
Solid information; thanks Matt!
👍
God bless you for your caring information about estate planning in such a clear manor. A reminder that there is a way to help our loved ones after we are gone, what a true way to show our love and care for our families. 🙏✝️☮️
Thank you Matt. Your channel is so helpful and one of a kind. I look forward to hearing about info on powers of attorney. What happens if a person is power of attorney and their parents have no family trust or even an original notarized will? My dad died in 2021 and I'm power of attorney for my mother, who's in hospice here in Arizona. She is so mentally impaired with dementia, she at times does not even know who I am. She will die without a will as my parents cut corners and didn't properly handle their affairs. My uncle is the executor of her unnotarized photo copy of a boilerplate short form will. Amazingly, my parents did go to the expense of hiring an estate planning attorney to properly draft the power of attorney that allowed me to sell their property and add my name to their banking accounts.
Powers of attorney are only effective during the person’s life, once they pass away the POA becomes ineffective, you then need to fall back on the will or trust (if any)
@@oxtalks thank you Matt
Pizza 🍕 restaurant down the street just raised their prices $2!! About 14% inflation in this case.....we are being lied to.😡
for sure
Hello matt. So glad to see you. Most vids are bland, not much jnspiration. Not on the same wavelength. With you and JB, however, i am more attuned to the video. Thank you for the inspiration and knowkege, so i may continue with my goals. GOD BLESS.
Thanks much for your informative videos , Matt. Your passion to help is from the heart and is very much appreciated.
🙏
Excellent heads up Matt thxu. My trust for my kids is a map to a buried treasure
Love it!!
Matt, the Prez just can’t tax folks selling their homes! Not sure if you’ve covered this yet. Thanks for keeping us up to date in this crazy world we live in😊
Good topic! Thanks for the info Matt 😊
Thanks for watching
This was very helpful. I have an irrevocable family trust for my daughter which I have to have amended to Include my autistic grandson, but she wouldn’t let me put my house in it because it wasn’t paid off , so I think when I go to update it, I will find a new attorney. Thank you for bringing this to everyone’s attention. It’s so important to know that I am leaving everything in order and not a mss for my family.
Good plan. in California the house does not need to be free and clear to put it in your trust. I don’t think that sounds right if you are talking about a revocable family trust.
Great information, Matt! Thank you!
Thanks Chuck
Matt, can you talk about the difference between an irrevocable trust and a land trust for homes and the value of a Payable On Death form that can be recorded at a person’s local bank that maintains their checking/savings account? Can this POD help those accounts avoid probate?
Thanks Matt I try to watch all your vids but sometimes I miss a few of them, It's hard to fit vids these on my busy schedule, But all your info is solid! and you've been on point since day 1
I appreciate you
Thank you for taking the time to help us get informed!
Thank you, Ox , This is all great information to know
Great information. Thank you. Is there any way to shield assets from nursing homes? I read this is becoming a real issue.
I see those subs going up. Great vid.
baby steps lol
Don't count on rates being cut, folks.
we will see
It won’t be enough to make a difference anyway, imo
Like sunny in the Godfather movie, the consigliere and lawyer for the familia 👨🏻💼😀
Great topic! Thanks Matt! 😊
Excellent information and warnings!
Maybe next video tell us what you require a new client to bring to your office when setting up a trust.
A 401k has beneficiaries. Should this be in the trust?
I use a checklist of about 20 items and questions for trust clients
Yea, there are con men Trust sellers out there that set up a binder full of signed papers, but they don’t tell you to transfer anything *into* the trust. 🤦♀️
exactly don’t fall for it!! same with Legal Zoom it’s not the complete process
Are you suffering with pain? Hopefully. For I reckon that the sufferings of this present time are not worthy to be compared with the glory which shall be revealed in us.
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Matt , I don’t even think I Trust the people at the trust institution . Do you have any recommendations who to use ? Of course I don’t live in California, I live in Michigan .
If you would have a recommendation, please let us know .
Legal Zoom ?
yes the institutions that serve as trustees like banks are not the ones that should be drafting your state plan. You just need to find a good estate planning attorney in your local area.
What is the best advice if you still owe on a mortgage and have equity when you die, if you want to be able to allow an adult child to sell or keep it?
usually, the will or trust language allows the beneficiary to retain the asset or sell it after the testator or trustor dies. I’ve had some clients have me draft provisions that instruct the property be paid off from the state assets and retained in the family.
Excellent INFORMATION .
The great big jobs lie. MARKET TO 45K
What is the best advice if you still owe on a mortgage but have equity and you die ?