In this video, I'm going to discuss the 8 essential differences between living trust vs. will. This is important information if you want to avoid probate, which can be a costly and time-consuming process.
Watch this video to gain a solid understanding of living trusts, wills, and how to navigate the probate process. Empower yourself with the knowledge to make informed decisions about estate planning and ensure your assets are distributed as you desire.
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"Whatever the case, I can do that inside of a trust. I can not do that with a will." 13:12
A living trust is a legal document that allows you to transfer your assets to a trust during your lifetime. When you pass away, the assets in the trust are distributed according to your wishes without the need for probate. In contrast, a will only goes into effect after you pass away and must go through probate to transfer your assets to your beneficiaries.
Probate is a court-supervised process that can be time-consuming and expensive, and may not distribute your assets in the way you intended.
By creating a living trust, you can avoid probate and ensure that your assets are distributed according to your wishes.
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Show Notes:
0:00 Intro
3:06 #1 Probate
6:13 #2 Wills Are NOT Fast
10:07 #3 Wills Work After Life
21:25 #4 Living Trust = Options
32:55 #5 Unusual Provision
33:46 #6 Wills Are Public
35:25 #7 100% Time
38:40 #8 Ancillary Documents
45:56 Outro
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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.
#livingtrust #wills #estateplanning #tobymathis #probate
9 май 2024
