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Here's How To HIDE Your Brokerage Account From Public Record (Keep Your Stocks Private!) 

Toby Mathis Esq | Tax Planning & Asset Protection
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If you're active in stocks and brokerage accounts, then chances are you want to keep all that stuff private from prying eyes. In this video, Toby Mathis, Esq. will show you how to hide your brokerage account from public record.
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As we stated, this video will focus on how to hide stocks and your brokerage accounts from the public.
Not only are there ways to avoid having your stocks show up publicly, but there are other situations all investors must be aware of. Let's consider some LLC options for your brokerage account.
"We don't want to leave our stuff where it's visible in the window" 5:41
Joining the stock market is more common for a wide variety of individuals as the importance of financial security is becoming more prominent.
Follow in the footsteps of those who are wise and successful. After all, there is a reason why the rich stay rich for so long.
We have the knowledge and know-how that desperately wants to reach the ears of others, while you have the desire to learn. This is a win-win situation you don't want to miss out on.
Together, let's build something that can withstand the harshest of winds created by those looking to take what isn't theirs.
Thank you for listening to us and contributing to our community. It was a great pleasure spreading our information wealth to all of you and we sincerely hope that you were are to get something out of this brief video.
If you still have questions, topic suggestions, or simply want to reach out to us, then please utilize the comments section below and we will try our best to respond to you.
Until next time, remember to like, share and subscribe to the channel.
Show Notes:
0:00 Intro
0:45 Understanding Concept
1:58 Certain Protections
5:52 Safes
15:05 Trading Accounts
20:14 Nevada Asset Protection Trust
22:35 Outro
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at aba.link/tobyaba
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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.
#brokerage #assetprotection

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9 май 2024

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Комментарии : 219   
@TobyMathis
@TobyMathis Год назад
Claim Your FREE 45-minute consultation to receive business planning tips and asset protection. 👉 aba.link/16d826
@rabbit892004
@rabbit892004 Год назад
Shalom fam Can you help me set up the partnership (c corp brokerage account combo with tax returns) and hide it; I have a brokerage account I just started August 2022
@bobgamino5347
@bobgamino5347 Год назад
Toby: very good info, I recently got started with your firm. I need to get the LLC done as a search around. A lot of them are very cheap. Mr. Bob Gamino
@rreed4726
@rreed4726 5 месяцев назад
Kkkkkkkkkkuup
@blackbeardpapa9547
@blackbeardpapa9547 Год назад
just wonderful....always good stuff my man. Just great
@Cali_Girl1
@Cali_Girl1 Год назад
This was amazing information, Toby! Thank you for sharing it with us for FREE!
@organizer14
@organizer14 Год назад
Toby, Thank you very much for contributing to our education!
@mrsterling5306
@mrsterling5306 Год назад
I really appreciate this information!!!
@greatsouthmarketing8897
@greatsouthmarketing8897 Год назад
Great information! If your business is not real estate, would it be worth/possible to put the llc in Wyoming? Thank you for your reply.
@AlEntrepreneur
@AlEntrepreneur Год назад
👏🏾👏🏾👏🏾 *Great content. Does this work with the purchase of crypto as well? Meaning use a WY LLC/personal property trust to purchase or exchange crypto through an exchange.* 🤔
@allenofatlanta
@allenofatlanta Год назад
Mr. Mathis, I've viewed several of your videos, and I loved them. I have subscribed.
@TobyMathis
@TobyMathis Год назад
Welcome! I hope you are able to get more information out of these videos. Let us know how we may be able to help you in the future!
@VOSTEVEN2422
@VOSTEVEN2422 Месяц назад
Wonderful videos. Just subscribed.
@jimkirk41
@jimkirk41 Год назад
great video. this is advice that a person would usually have to pay for. thanks for taking the time to make and post this.
@TobyMathis
@TobyMathis Год назад
Thanks for watching!
@rbkrishnasarma
@rbkrishnasarma Год назад
Good one! Awareness is key, you hear about lottery winners losing their money, getting sued and not managing their money properly. This is good to know
@paulglenn6470
@paulglenn6470 Год назад
Excellent explanation!
@raulfbustos2893
@raulfbustos2893 Год назад
Thank you for that wonderful lecture.
@TobyMathis
@TobyMathis Год назад
Glad you enjoyed it! Thank you for watching us!
@user-wk2ch9sz5x
@user-wk2ch9sz5x Год назад
You’re an amazing teacher. Thank you!
@user-rh2nn3tl9J
@user-rh2nn3tl9J Год назад
Very interesting topic, thank you for sharing this information!
@TobyMathis
@TobyMathis Год назад
Glad you enjoyed it! Please be sure to watch us again in the future!
@alliesteamc3546
@alliesteamc3546 Год назад
In c Corp everything person take out they have to pay unemployment And other taxes so leak loss; when pt I. LlC how does the money come out as dividends. Return of capital or what and any leaks losses? Thanks so much! We appreciate your generosity!
@MrDannyt06
@MrDannyt06 Год назад
Liked and Subscribed. Awesome videos.
@TobyMathis
@TobyMathis Год назад
Awesome, thank you for subscribing!
@user-mn3jm8rd6w
@user-mn3jm8rd6w Год назад
Great just what I want to do Thank You Sr
@peterchirico2153
@peterchirico2153 Год назад
Hi Toby Thanks for this information. My question is with the Wyoming LLC, if there is a lien on it does that block ones ability to move money in or out of it ?
@Lustifer01
@Lustifer01 Год назад
thank you, this was great!
@TobyMathis
@TobyMathis Год назад
Glad you enjoyed it! Thank you for watching!
@mikes2294
@mikes2294 9 месяцев назад
Toby, you constantly blow my mind. Another GREAT video. Where is your office in Florida? 👍👍👍👍👍
@TobyMathis
@TobyMathis 9 месяцев назад
Hello, we have five physical offices located in Nevada, Wyoming, and Washington and we operate virtually in all 50 states. andersonadvisors.com/locations/
@johngretzinger
@johngretzinger Год назад
So, is my trading account which I will put into the Wyoming LLC in my name? Thanks for the great videos!
@garyseven6543
@garyseven6543 Год назад
Great Information, thanks
@garysmith7333
@garysmith7333 Год назад
Great info. Thank you
@TobyMathis
@TobyMathis Год назад
Thanks for watching!
@jeremybarlow2291
@jeremybarlow2291 Год назад
How do the new FINCEN rules requiring the disclosure of the beneficial owners of LLCs and corporations which are not already public record, or which are not publicly tradable securities effect the use of anonymous Wyoming LLCs? I mean the penalties for failure to file the FINCEN forms look substantial.
@seanodaniels397
@seanodaniels397 4 месяца назад
I heard FINCEN is not public record
@jaypark7207
@jaypark7207 Год назад
Doing a video about off shore asset protection trusts would be helpful
@XBlingMan1
@XBlingMan1 Год назад
Thank you for this information. Toby, will you please make a video that explains how to protect bank savings funds etc. from creditors in pursuant of medical expenses? or is this even possible? Thanks again for your thorough presentation video on protecting one's assets and real property. I am a fan!
@TobyMathis
@TobyMathis Год назад
We will be happy to take your suggestion into consideration.
@francom6230
@francom6230 Год назад
The real Old timers always keep cash in their possession.. (i wouldn't use a safe lol) ive heard buy cashier's checks (or travelers checks maybe) but i heard they expire after like 6mo.. so I'm not sure that is easier.
@johnr.7466
@johnr.7466 9 месяцев назад
Thanks Toby, very useful information as usual in your videos. If the stocks/bonds inside the LLC generate income (interest or dividends), do the member pays self employment tax on that?
@tennisbachelor
@tennisbachelor 6 месяцев назад
Not a CPA, but any interest or dividend income is taxed as portfolio income, not earned income.
@Missy-sx9zv
@Missy-sx9zv Год назад
How do you set up an author business inside a publishing LLC but no trace back even on DBA? Need it all under pen names. No trace back, at all
@sinmayp
@sinmayp 2 месяца назад
Excellent video! Thank you for the insights! Do you offer consultation for setting this up?
@TobyMathis
@TobyMathis 2 месяца назад
We do. Reach out to my team to get started with a free consultation. Visit: aba.link/16d826
@YoungMoneyInvestments
@YoungMoneyInvestments Год назад
Hey Toby. What is the difference between a Cook Island trust and a Nevada asset protection trust? I was under the assumption that if assets were on US soil, they were always subject to judgements and ruling by any US court. Under extreme circumstances,an individual could forego forfeiting the assets to the pursuing party but you could be placed in jail on contempt for not complying with the ruling from the judge because the assets were still being held in a US bank account. Is this wrong and does the Nevada trust offer the same protections as a cook island trust? Thanks!
@maxriz2000
@maxriz2000 Год назад
How does someone protect an exotic cars collection, besides transferring the titles to another person/family member? Also, I've been calling insurance companies to see if they have asset protection insurance, that will protect a car collection from creditors and judgements (not related to car accidents), I'm not having too much luck. Do you know of any such insurance? Thanks!
@robertdema
@robertdema 6 месяцев назад
What about using a Revocable Trust with Wyoming LLC being the Trustee and Beneficiary like you do the Real Estate?
@KevinNYC1021
@KevinNYC1021 Год назад
Thanks for this video. Does this work in New Jersey?
@TobyMathis
@TobyMathis Год назад
Yes the strategies discussed in this video work across all of the states.
@mikem9366
@mikem9366 Год назад
Is there any video on hiding a car, and does the government always have access to personal property or is this method only to hide from other lawyers thanks
@stopwars8642
@stopwars8642 Год назад
Can you switch from one set up to this set up if you started as indviidual ? So you need and LLC for this? Do you need a biz LLC or in your name
@GreatDaneLover
@GreatDaneLover 10 месяцев назад
How difficult is this to do at Fidelity or Vanguard
@johnmilroy6566
@johnmilroy6566 Год назад
Any shows on keeping taxes low in retirement.? I recently discovered you. Also what kind of trust gives protection if I need a nursing home.
@TobyMathis
@TobyMathis Год назад
Hi John! Thank you so much for your question! We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream on February 25th. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
@kevinkchang
@kevinkchang 5 месяцев назад
Hi Toby, Thank you for the amazing information. Question: If we open a grantor trust with the beneficiary as the wyoming llc, would the annonymonity be removed considering we would need to supply the brokerage our SS #'s to open the living trust?
@TobyMathis
@TobyMathis 5 месяцев назад
We recommend speaking with one of our advisors for any legal advice. 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.
@headlibrarian1996
@headlibrarian1996 9 месяцев назад
Isn’t tax reporting for the PPT-owned brokerage account erroneously going to you since it’s a personal account attached to your SSN? That’s a problem if your LLC has elected to be taxed as a corporation (S or C), since you want your trading profits reported as corporate income. Changing the tax id of record may not be possible. How exactly does a contribution of capital (personal brokerage account) work in this case? Ideally you’d want to transfer assets without liquidating.
@Andformerthingshavepassedaway
Liked 👍 subbed commented and shared.
@TobyMathis
@TobyMathis Год назад
Thank you!
@davidrounds3245
@davidrounds3245 9 месяцев назад
Can you move assets from an existing account to an LLC without incurring taxes?
@headlibrarian1996
@headlibrarian1996 8 месяцев назад
Why would a CA judge hesitate to order foreclosure on a WY LLC interest, especially a single-member one, when the litigants and venue are in CA?
@julieburkhardt61
@julieburkhardt61 Год назад
is the personal property trust the same as a Living Trust?
@stfd123
@stfd123 Год назад
If I file annual reports for my WY LLC is my name visible if investigated? My name is not on the original formation of the LLC
@leelowe8482
@leelowe8482 Год назад
Question why can't you have a credit card in a trust acct?.
@user-os2lw3wi9h
@user-os2lw3wi9h 3 месяца назад
Hi Toby…… If I were to move a brokerage account in to a Wyoming LLC and then later need to move in to a nursing home or low income federal housing would the WY LLC still remain hidden? Could the brokerage account be drained on a state or county level before Medicare kicking in? Thanks…..
@rozbickad
@rozbickad Год назад
you got my LIKE for the cats :))))) no, I really like the idea
@Notme-tq4xs
@Notme-tq4xs 3 месяца назад
You like the cat idea?
@droopypie
@droopypie 10 месяцев назад
What about a Pennsylvania LLC? Can lawsuits access membership interest?
@andrewzimmerman6059
@andrewzimmerman6059 Год назад
Do the rules change for things like IRA’s and 401k’s? From my understanding, the beneficiary elements prevent it from probate, so dropping those in a trust is unnecessary, but are retirement accounts better shielded than a standard brokerage account?
@headlibrarian1996
@headlibrarian1996 8 месяцев назад
Depends on Federal and state law. 401k accounts, other than solo, are exempted from seizure by ERISA. In FL IRAs are protected. In several states traditional IRAs are protected from creditors but Roth IRAs are not. Very weird.
@janeholmquist2736
@janeholmquist2736 Год назад
Husband is allergic to cats so I can’t have them. Seeing your cats was like a getting a potent drug hit. Thanks so much.
@meadowlarkkevin4361
@meadowlarkkevin4361 Год назад
If my brokerage is under our living trust and I want to name a Wyoming LLC as the beneficiary are you saying that the LLC should also be the grantor on the living trust or is it ok to just open the LLC and list it as the beneficiary to the existing living trust?
@Notme-tq4xs
@Notme-tq4xs 3 месяца назад
I think you need professional advice
@christopherbrown3159
@christopherbrown3159 6 месяцев назад
Will this protect from medical bill collections?
@vonwolly2
@vonwolly2 Год назад
What if somebody owns investment farmland how do you hide that.
@MXX24MXX24-xm7lj
@MXX24MXX24-xm7lj Год назад
I have some capital losses I would like to write off against profits . Would set this up after I claim my losses .
@donaldthornton3531
@donaldthornton3531 Год назад
Can you pull money out of the brokerage account?
@davidglat2773
@davidglat2773 10 месяцев назад
Thank you
@TobyMathis
@TobyMathis 10 месяцев назад
Thank you for watching!
@alfs3
@alfs3 Год назад
Toby, I know this vid is now 7 mos old from 2022 but what about in WY/everywhere now where the new Corporate Transparency Act (CTA) law that kicked in on 1.1.23 where you can no longer be anonymous in any state on any LLC now?
@headlibrarian1996
@headlibrarian1996 8 месяцев назад
Are you conflating Federal with state law?
@alfs3
@alfs3 8 месяцев назад
@@headlibrarian1996 I'm not sure if I'm conflating anything but I'm speaking of the new federal Corporate Transparency Act (CTA) law that began on 1.1.23 making it irrelevant what state you file in.
@Petal676
@Petal676 Год назад
How to pay the tax, for the investment in LLC account
@AIRfree
@AIRfree Год назад
Can someone else take membership of your Anónimo LLC?
@albaniahenriquez1713
@albaniahenriquez1713 Месяц назад
But , do I need to pay Wy llc ?
@moncourrielanonyme
@moncourrielanonyme Год назад
hi Toby, very helpful video. Thank you so much. If the Wyoming LLC holding the brokerage account is a single member LLC that is disregarded for tax purposes, don't you have to open the brokerage account for the LLC with your SSN instead of the LLC EIN ? That seems to be the case with Schwab. In that case, does an asset search on your name show the LLC's brokerage account open with your SSN ?
@TobyMathis
@TobyMathis Год назад
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
@BoomBustProfits
@BoomBustProfits Год назад
Single member LLCs are a red flag for the IRS...there are better ways to do this...
@robertduffy5805
@robertduffy5805 Год назад
Suggested Video Topic - If any of us were lucky enough to win the Lottery and received one of these billion-dollar payouts how would you approach accepting the funds and protecting them and your name?
@TobyMathis
@TobyMathis Год назад
Good idea, we will take it into consideration!
@MichaelGolpe
@MichaelGolpe Год назад
0:49 kittens! Yay! 😂
@avecinar9359
@avecinar9359 10 месяцев назад
What trust entity ineed?
@dougscott188
@dougscott188 9 месяцев назад
I would like to have an offshore entity to own the Wy LLC
@barrymitchell7732
@barrymitchell7732 Год назад
Volume is low.
@iDelta77
@iDelta77 Год назад
For those who don't live in WY do we still to register the llc in our state as foreign entity?
@TobyMathis
@TobyMathis Год назад
You only need to register the WY LLC if it is doing business of some sort in the state where you live. If it only owns other LLCs with property in that state, then you usually do not have to foreign file or register the WY LLC.
@gurjinderbatra
@gurjinderbatra 10 месяцев назад
@@TobyMathis I think for CA Residents thats always the case. In that case does WY LLC still provides any anonymity, since you have to foreign file it in CA anyways?
@all4fitz
@all4fitz 9 месяцев назад
I watched a video from Anderson Advisors where a comment was made that you could put your assets on a billboard outside of the courthouse where you're defending yourself in a divorce case and your ex-spouse still could not get to your assets. Then I had an initial consult with Corey Posgay, Anderson Advisors, last November and he firmly stated you cannot protect your assets from an ex spouse. So for clarification, does a Wyoming LLC protect you in a divorce? If so, then why be required the ridiculous expectation of revealing all of your assets to a future spouse with a prenup if they are truly protected with a Wyoming LLC?
@TobyMathis
@TobyMathis 9 месяцев назад
Context and nuance are important as your questions may be conflating family law and business law. In a pre-nup, the Wyoming LLC could help identify property owned prior to the marriage, and also identify separate property vs marital property. If while you are married, and the married couple sets up a Wyoming LLC and/or marital assets are transferred to the Wyoming LLC, a family law judge may take those assets into consideration for distribution.
@whbgegs5571
@whbgegs5571 Год назад
are you saying there are people who can find out how much is in my IRA account?
@SirGeraint
@SirGeraint 11 месяцев назад
In a Clint Coons video he said that it was OK for a Calif. resident to use their personal name and personal (CA) address for a FL business bank account. It seems like TD Ameritrade (and another Broker) are asking for my personal name, SSN and address to open an LLC trading account. Is it OK to provide this information? Or should it be the WY Registered Agent's name, the WY RA's address and the LLC EIN? I don't live in FL, CA or WY. I am wanting as much anonymity as possible. Thanks.
@headlibrarian1996
@headlibrarian1996 8 месяцев назад
They want info on the entity’s owners, but that isn’t reflected in how the account is titled or the EIN/SSN used for tax reporting. US money laundering laws are very strict these days, anonymity is impossible at least where the government is concerned. The issue comes in what a plaintiff’s lawyer can find out by bribing a brokerage or bank employee. The account won’t have you on title, but the brokerage/bank will need to have you listed as having management authority. If manager information is not searchable internally then you have no problem, said employee would have to go through thousands of records one by one to find your LLC. Not worth their time.
@aliancadivina2538
@aliancadivina2538 Год назад
What type of LLC are you referring to in this? C , S corp?
@baxoutthebox5682
@baxoutthebox5682 Год назад
LLC is the structure, S/C is a designation for the IRS
@EQUITYSPECIALISTLLC
@EQUITYSPECIALISTLLC Год назад
which NAICS code?
@Masa..123
@Masa..123 Год назад
Why can it be in a trust ?
@Mellow4202
@Mellow4202 2 месяца назад
In regards to hiding it. How would you treat this for an existing brokerage account? Can I move my existing account into a personal property trust or do I need to open up a new account in the trust first and then transfer the assets.
@TobyMathis
@TobyMathis 2 месяца назад
Depending on the type of account you have, you may be able to directly assign it to a PPT rather than creating a new account.
@mariceldb2990
@mariceldb2990 9 месяцев назад
Can you help us implement this asset protection? We are in Ohio.
@TobyMathis
@TobyMathis 9 месяцев назад
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
@leelowe8482
@leelowe8482 Год назад
Lol and you forget where you buried the safe in the desert.
@richardshaw-pq1fq
@richardshaw-pq1fq Год назад
Do you work with Canadian clients?
@TobyMathis
@TobyMathis Год назад
While we do work with Canadian clients there aren't as many options due to the cross-border nature of the investing.
@mrsterling5306
@mrsterling5306 Год назад
Can this be done for a brokerage account that is already established???
@eddieteabagify
@eddieteabagify Год назад
Yes
@galactic25
@galactic25 Месяц назад
When you say put a brokerage account into a personal trust with the beneficiary to be your/my LLC, what is the purpose of the trust? What’s the difference if you just opened the brokerage in the LLC. Setting up trusts costa money, so what’s the reason? Your/my wyoming LLC could be anonymous too.
@TobyMathis
@TobyMathis 29 дней назад
Great question, in order to assist you further, I highly recommend you attend our Free Tax & Asset Protection Workshop where our attorneys and specialists will answer all your questions live at the virtual event. aba.link/taptoby
@otmanalami6621
@otmanalami6621 Год назад
Hi please do i need an accountant if i want to trade stocks as Wyoming LLC, (I'm not US citizen) I appreciate your help 🙏
@Jou2024
@Jou2024 Год назад
Id like to know the dame thing ☺️
@otmanalami6621
@otmanalami6621 Год назад
@@Jou2024 hello yes indeed you need a tax accountant to prepare and some forms
@AncientHippie
@AncientHippie 4 месяца назад
So if I heard you right, if you have your brokerage account named as your revocable trust. Then you create the WY LLC and list that WY LLC as the Trust Brokerage account's beneficiary and that hides the brokerage account? And if so, does it protect it from nursing home costs?
@TobyMathis
@TobyMathis 4 месяца назад
Great question! If you're interested in exploring the details of setting up your brokerage account under your revocable trust and the potential protective benefits, we recommend scheduling a free strategy session. Visit: aba.link/16d826
@leelowe8482
@leelowe8482 Год назад
Always put the safe in a room where most people wouldn't go into. Also bolt it down. Use a heavy safe. Carry able safes are worthless and attract attention that there might be a bigger safe as well.
@mathgasm8484
@mathgasm8484 Год назад
You can always build a book shelf around it and make it look like part of the building. They cant break in what they cant see.
@p.c.h.6721
@p.c.h.6721 Год назад
Hello, great video! Quick question, can a foreigner who doesn’t live in the US have a US LLC to open an account with a US broker, such as as Charles Schwab, Fidelity, or Interactive Brokers? And if so is that something you could help me with? I’m currently living in Europe but want to go to leave and retire in Mexico this year. Thanks in advance 🙏
@rosebogert6047
@rosebogert6047 Год назад
Interactive Brokers is quite flexible. I live in a "high-risk" jurisdiction and still got an account with about 2 weeks back and forth. If you can prove your money's clean, you're good.
@AIRfree
@AIRfree Год назад
Do you have a anonymous LLC? How can you open a brokerage account with a anonymous LLC?
@p.c.h.6721
@p.c.h.6721 Год назад
@@AIRfree I’m working on it as we speak, and yes brokers will open accounts for an LLC, no taxes in the US
@eddieteabagify
@eddieteabagify Год назад
I thought designating a beneficiary on the brokerage account kept it out of probate.
@KB-un3bt
@KB-un3bt Год назад
It does.
@barrymitchell7732
@barrymitchell7732 Год назад
No like volume 😕
@bryanharrell4059
@bryanharrell4059 Год назад
Great videos! What are your thoughts on a South Dakotan Trust vs Wyoming?
@ellenoir5678
@ellenoir5678 Год назад
Coach Toby!!
@jillhenry7060
@jillhenry7060 Год назад
If you have a personal brokerage account, is it too late to initiate an LLC to protect what you have accumulated?
@TobyMathis
@TobyMathis Год назад
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
@Norm475
@Norm475 Год назад
I have a brokerage account in my name and I have my daughters as beneficiaries. I was told by my lawyer that the account will not go through probate. My broker says the same thing.
@benz500r
@benz500r Год назад
If you get sued there is a huge chance that you must disclose all of your assets under your control. Some of them don’t even have to be yours, but if you control them, the chances are you must disclose them.
@headlibrarian1996
@headlibrarian1996 8 месяцев назад
Do you have to disclose what the LLC owns? They aren’t technically your assets even if you’re the only member of the LLC. I’m pretty sure you don’t have to give any kind of value for your LLC interest if you’ve never had it appraised, and private company interests always sell at huge discounts to a company’s real value.
@benz500r
@benz500r 8 месяцев назад
@@headlibrarian1996 LLC(s) are relatively newer legal entities compared to corporations and there is significantly less case law with respect to them. I can only say that corporate veils have been pierced many times for various reasons. If someone gets sued there will be a “process of discovery” which encompasses oral depositions and written discovery in form of interrogatories, etc. Any reasonable lawyer will ask whether the defendant owns any interest in any foreign or domestic business entities or if he/she has control over any of those entities. If defendant provides a false response there may be all kinds of consequences. Attorneys look at many different sources where defendant lives, who pays the rent, taxes or mortgage for properties, where does the income come from and draw appropriate conclusions. Unless someone has no contact with the property/business, it is usually easy to establish the connection. The court may also order to transfer defendant’s interest in LLC or corporation to the plaintiff if defendant loses the lawsuit. It’s difficult to speak in general terms, each case is different. It also depends on the jurisdiction, court and less on who the defendant is. It can be a political thing, even though, nobody wants to admit that. Look what happened to the Trump’s company.
@shauna996
@shauna996 3 месяца назад
If you are sued and the other party wins. Why would their lawyer sue you if they don’t see a lot of money?
@benz500r
@benz500r 3 месяца назад
@@shauna996 You never know if someone has money or not until you conduct a "discovery." Many times one's lifestyle gives you a hint if there is a possibility that someone has money.
@joeneal21
@joeneal21 Месяц назад
So you dont need to live in the state to operate an LLC?
@TobyMathis
@TobyMathis Месяц назад
Great question, in order to assist you further, I highly recommend you attend our Free Tax & Asset Protection Workshop where our attorneys and specialists will answer all your questions live at the virtual event. aba.link/taptoby
@DefiFreedomMaxi
@DefiFreedomMaxi Год назад
It's almost like people love privacy. Do you think DeFi (decentralized finance) will finally take off?
@TamerRashdan
@TamerRashdan 2 месяца назад
Well, I guess for futures traders using prop companies accounts, they have no legal connection to these accounts
@rajashreejayasingh1652
@rajashreejayasingh1652 9 месяцев назад
I don’t even have 100k and watching this 😂😂
@avecinar9359
@avecinar9359 10 месяцев назад
Need help to transfer to trust my rental real estate
@TobyMathis
@TobyMathis 10 месяцев назад
Hi, we recommend speaking with one of our advisors for any legal advice. 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.
@t.k.8406
@t.k.8406 6 месяцев назад
This is strictly privacy :)
@stevehernandez8878
@stevehernandez8878 Год назад
Toby is amazing . thank you
@nathanwood33
@nathanwood33 Год назад
So much to learn. My brain is gonna explode
@kbunky69
@kbunky69 Год назад
Great topic , great video
@TobyMathis
@TobyMathis Год назад
Glad you think so! Please continue to watch our channel!
@michaelrowley6069
@michaelrowley6069 5 месяцев назад
My favorite part 16:18
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