What is a Living Trust and What are the Benefits? (Living Trust 101)

Toby Mathis Esq | Tax Planning & Asset Protection

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Chances are you have heard of wills, and there are reasons for that. However, we are here to discuss living trust and its benefits. Claim Your FREE 45 minute Investment Strategy Session to receive business planning tips and a clear investment strategy. 👉 aba.link/7f2
Welcome to Living Trust 101!
Living trusts offer advantages for people that wills do not. There are too many people in the world who are naive to the difference a living trust could make for their heirs.
Could you benefit from a living trust? If so, how?
Watch our video to learn more about the advantages and disadvantages rough on by living trust and wills. Some lawyers may try to hide living trust from you, but Toby Mathis is here to educate others and explain things for your benefit. Watch the video till the end to gain the most from the content.
We would like to thank our viewers for watching this video and how you found the content useful to some degree. If you enjoyed this video, then support the channel by liking it. Furthermore, we love to see your questions and opinions in the comments section, so please do not hesitate to reach out to the community. Lastly, subscribe to the channel and share it with those whom you believe can gain something from watching our channel. As we upload regularly, we hope you join us again soon for more content.
If you would like to learn more about Toby Mathis, Esq. then please visit
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0:00 - Intro
2:25 - Part 1 - Intestate
5:13 - Part 2 - Will
8:29 - Part 3 - Living Trust
12:37 - Will vs Living Trust
18:17 - Closing remarks
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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. of the information contained herein without seeking professional legal advice.
#Wills #LivingTrust #101

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9 май 2024

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Комментарии : 1,9 тыс.

@TobyMathis 2 года назад

@lonnieaka.justincase3450 2 года назад

Someone just stole my food friends home!!!!!! What can I........how can I help her get her home back?

@christydecker9901 Год назад

@@lonnieaka.justincase3450 44⁴44⁵

@patryciasanchez4735 Год назад

@@lonnieaka.justincase3450 hu

@patryciasanchez4735 Год назад

@@lonnieaka.justincase3450 ghyjjjjjjju chi uhhh u giî

@patryciasanchez4735 Год назад

@nancygreen8186 2 месяца назад

After my dad died and my mom had a little Money. I told her mom go out and buy yourself some new furniture . Buy a nice washer and dryer. Go to bingo everyday if you want to. My mom scrimped and saved all her life because we were poor. When it was my birthday I honored my mother because she carried me for 9 months and gave me life. When she died I was devastated. She left a couple thousand dollars to me and I couldn't even spend it. I kept thinking about the time she could have used it when I was a little kid. But she did go out and treat herself to New furniture and did spend most of it. She had a stroke and I was there every day. I didn't even think about my job. I thought how many times she sacrificed for us. Please be good to your parents. They gave you life.

@memeyers1962 Месяц назад

I know how you feel. My mom lived with us the last 17 years of her life. When she got sick i didn’t hesitate to care for her. I was honored to see the woman brought me into the world out of this world. My brother who did nothing in the last 17 years for her. When she needed new tires i informed him she didn’t have the money….crickets. My husband I cover 60% (all we could afford). Over the years i provided for her as she provided for me growing up and a few times as an adult. Do you know he took 1/2 her insurance after burial expenses, but he did let me keep all funds from the sale of her car ($3000 after my expenses waiting for probate). Wasn’t super nice of him? Forgot to mention her insurance was only $25,000 after expenses. I’m feel greedy, but if the roles were reversed I wouldn’t taken half, if any at all.

@celiafish Месяц назад

Thanks for sharing! ❤❤

@FallonFace Год назад

My dad passed away last December. He mentioned he wanted to go get a living trust done, but unfortunately he got sick and passed away before he had a chance. We are still in probate court and it's been a nightmare, not to mention expensive! We have been paying on his house for almost a year and just received the right to sell it from the courts. Get it done sooner than later folks, my dad thought he had time but you never know!

@TobyMathis Год назад

So sorry for your loss!

@patriciabroderick3436 Год назад

I have a revocable trust, is that a living trust?

@joellenbelloli1349 Год назад

@@TobyMathis I have a similar situation, my father had been prompting me to set up a special account; the last 5 years saying that I have an inheritance, & so it doesn't affect my Social Security disability and Retirement income. I looked & only thing I found was to put it in an educational savings account for a time & amount dispersement; Is there anything better to secure my inheritance without pay taxes, or affecting, lose my SSDI INCOME!? ALSO my sister's KEPT ME in the dark, not inform me of anything till after. NOW there trying to lead me to believe there is no WILL; that DAD WAS BROKE, & THEY HAD TO SELL EVERYTHING TO PAY HIS BILLS and I was MIA (missing in action for so long, & not keeping in touch) they my two younger & one older sisters "didn't want to be responsible for ME. Tried to find some Legal advice FOR HELP. All Attorney said "to find out if Will was in Probate" couldn't find anything,

@elephant637 Год назад

I'm sorry for your loss. Thank you for the warning.

@skipperx5116 Год назад

@@patriciabroderick3436 yes

@rebelduck9077 Год назад

I am an only child and my parents have been advised by their lawyer to make sure they have a living trust and not just a will. My mom literally said to me: “we don’t want to put you through the nightmare of the courts”. Their lawyer is a knowledgeable person and Toby thanks for explaining everything.

@MsDsaunders 3 дня назад

Good thing. Going into probate court takes 42%, per our living will trust attorney. I highly recommend a living will trust.

@DaveT0818 Год назад

I think it's important to define the differences between revocable and irrevocable trusts... specifically the ability to shield assets from consideration regarding Medicare and nursing home costs.. please consider including this in future videos

@heathersky8447 2 месяца назад

One of the ways to shield assets from medical costs is to get a special needs trust and appoint a fiduciary to oversee it.

@mgwright56 Месяц назад

Neither of the statements above are correct

@teefia4506 Месяц назад

@@mgwright56😂😂😂😂

@RM-pq7vx 23 дня назад

@@mgwright56 please explain on what you mean by that. Thank you.

@mgwright56 23 дня назад

@RM-pq7vx just be very careful how you attempt to shield assets from Medicaid. Do not try to use an internet company. Find an elder law attorney.

@markneuman2070 Год назад

Excellent information, our family is fractured now because of a will that was changed days before dad died. Resentment, envie, and greed motivated a couple siblings to prey on his despair and get him to change his will. My wife and I will set up a trust for ourselves so our heirs don't end up going through what we experienced. It is beyond my comprehension why siblings plot to hurt one another, but the love of money does funny things to people.

@kellidawn4148 Год назад

Amen it is sad people fight over things that can be replaced but the loved one dying no matter what their past is like you cant replace a loved one simple and to fight over it is sad belonging dont replace them the love they gave you and memories are the key to healing your heart and keep a loved ones memory alive

@paule5662 Год назад

Hi Mark! Sorry, you experienced such heartache and broken relationships. I pray one day your family will realize the foolishness of their ways and seek reconciliation. PRAY! God's word does not leave any room for excuses, "The love of money is the root of all evil!. Your heirs will thank you. Blessings, Karen

@markneuman2070 Год назад

@@paule5662 Thank you

@4wchitstands Год назад

I know the feeling, im on my 2nd dealing with thievery in my family. 100s of thousands were stolen and last wishs not fulfilled. Its so important to have your affairs in order.

@markneuman2070 Год назад

@@4wchitstands Sorry to hear that John. Don't get too caught up in it. It took me down a dark path for months. I am doing better for it, when I accepted it as a blessing and a lesson. Unbelievable how much abundance we have been blessed with since we had been taken advantage of, but God answers prayers when you show gratitude. Try to be thankful for all life's blessings, even the negative ones. Let go and move on, or it will consume you.

@lilacbazzi493 Год назад

Thank you for explaining Living trust versus Will in a very clear way. I have never heard explained as simple and as you'd done. This is going to be a game changer for a lot of people listening to this.

@ksmith2852 Год назад

Don't do it. It only benefits the attorneys. Almost 70 percent of living trusts are never funded. Meaning the trust is like a shopping cart and your assets are like the products you put in a cart. Everytime you buy an asset, or sell an asset, guess what..the estate planning attorney or CPA will charge you to update the trust and it is not cheap. Furthermore, if you try to say get a mortgage but your securities at a brokerage are held in the trust you will have to get a notarized ($$$) copy of the trust not just show them your statement from your brokerage.

@TimofeyAsyrkin Год назад

@@ksmith2852 Do you know approx how much the transactions you mentioned approx cost?

@clarkkinnison3777 11 месяцев назад

@@ksmith2852 So, what do you think is better??

@TobyMathis 11 месяцев назад

@@ksmith2852 Thank you for voicing your opinion. I disagree, but get where you are coming from. Lawyers make billions (with a "B") from probate fees. According to studies, including AARP, the average costs of transferring assets via probate are in the 15-20% range. There are also things like financial & health matters during your lifetime - both of which are also addressed in a living trust. Even unfunded, a living trust is better than a will as there is still a pour-over will included in a living trust that dumps everything into the trust. What it eliminates is public disclosure of what is going to whom as well as the litigation between beneficiaries. Too much here for a simple response, but suffice it to say, I disagree.

@realestateinmiamiflorida1513 7 месяцев назад

I love your videos. They have so much important and eye opening information❤

@Rachel-rh8je 7 месяцев назад

“A good man leaves an inheritance to his children's children, but the sinner's wealth is laid up for the righteous” (Proverbs 13:22).

@TobyMathis 7 месяцев назад

I have thought about that often. Thank you.

@ronaldjeffersonjr 8 месяцев назад

How is content like this just sitting free here on the internet? This was AMAZING!! Life changing even. I've never heard anyone articulate how to nuts & bolts build a legacy. The thought has always been desirable but intangible. You made it plain. THANK YOU!!! This was the answer I was looking for.

@akag-bomb5235 2 года назад

Toby, been watching you for years and learned a lot. But this is probably one of the best videos so thanks for some of the suggestions! My mom's one asset was a house that was purchased in 1977 for $40k but sold for $1.1m (California) when she passed last year with the proceeds sitting in a specialized account until distributions are made. She had Alzheimers but she passed peacefully in her home as outlined in her AHCD which was part of the set of legal documents she had set up in her living trust. As the trustee of her estate, I am witnessing firsthand the grief and greed that you so aptly described. The beneficiaries are pulling out the stops. One beneficiary asked for their distribution immediately after mom passed, another contested the trust, and the last has filed a petition to have me removed claiming I had undue influence over her when she named me the trustee. But the trust was set up in 1979 (updated every 10 years with me named as the successor trustee every single time) when she was of sound mind so the net effect is that legal fees can still drain the trust by belligerent beneficiaries. Yes, those legal fees will eventually be recouped at their expense. It's stupid though. My mom would be mortified if she knew what was happening.

@TobyMathis 2 года назад

Thank you for watching us!

@DUALIAM 2 года назад

So sorry for the lost of your beloved Mother. Thank goodness she had a trust. 🙏🏽💜

@loribridges7946 2 года назад

Very sorry for your loss of your Mother. I am and was a trustee for several people & family members, the greed I see is beyond belief! And yes, it is so very stupid. And yes I got accused of influencing, but the funny thing was when we had asked the greedy beneficiaries to help me as trustee to take care of the person so they had an idea of what was going on and could be paid a wage from the estate (and end up getting more money in the end than the others because they were being paid out of the same pot), not a one would step up. They wanted the money without the work. LOL...greedy, lazy and stupid...just unbelievable. Take care of yourself.

@modestoma 2 года назад

Very good presentation

@kellymeyon2360 2 года назад

@jamuth5111 Год назад

I am a young accountant (just graduated college and am working towards my CPA) I just want to say that your content is wonderful and that your breathe of knowledge is something I am going to strive for in my career.

@liagarden Год назад

Breadth

@apply_pressure Год назад

LMAO... it's actually "breath" but if you wanna keep it going it's"bref"

@MIZZAY1000 3 месяца назад

breadth OverviewUsage examplesSimilar and opposite words Dictionary Definitions from Oxford Languages · Learn more noun the distance or measurement from side to side of something; width. "the boat measured 27 feet in breadth" Similar: width broadness wideness thickness span spread diameter beam wide range or extent. "she has the advantage of breadth of experience" Similar: range extent scope width depth amplitude extensiveness comprehensiveness all-inclusiveness spread sweep reach compass magnitude scale degree Opposite: narrowness limitedness DATED a piece of cloth of standard or full width. plural noun: breadths@@liagarden

@sashaorisik 2 месяца назад

👋 😊 can I have your Instagram, tanks

@29aaronjones Месяц назад

not quite , its spelled bredth@@liagarden

@lindakanoy9657 Год назад

Your explanations are refreshing and easy to understand. Thanks for taking the time. I have just become a new subscriber!

@mellymel9892 Год назад

And thank you for this great content you explained this better than every video I’ve watched on this subject thus far!

@nakishamelson9603 5 месяцев назад

I love love love the videos from Toby! They are all easy to understand and he breaks things down to where anyone can understand I will be doing a living trust. It makes so much more sense

@George-xh1ti 2 года назад

Just well thank explained and straight up informative! Love it!

@miketyler2513 Год назад

Thank you! This is a matter I've been struggling with lately. Liked & subscribed.

@paofuelo300 Год назад

Thank you. Clear cut explanation. New sub for sure.

@troyph269 Месяц назад

From one attorney to another - Excellent presentation Counselor!

@TobyMathis Месяц назад

Thank you kindly!

@caut176 Год назад

I had to watch this a few times to make sure that I wasn’t missing anything. Thank you for breaking this down so that anyone can understand how to protect their family. Great video!

@TobyMathis Год назад

Glad you enjoyed it!

@Ginger-B153 Месяц назад

Amen!

@juilojeansimon4963 Год назад

I'm glad I found your video information that is giving me a clue how everything is going in process information is the key for everything.

@mexist 7 месяцев назад

Seriously helpful and lines up with everything I learned going through this process. Super useful. I don't know if you've considered this before but if you were to find someone to present these in other languages such as Spanish and Mandarin, you would impact so many people. Stuff like this that is relevant to aging in the United States is almost impossible to find when English is not the first language. I've heard so many stories from first-gen friends with parents who are so lost but don't have the means to how lawyers, and don't know where to find this info. Thanks!👏🏼

@jcfc8197 Год назад

Just went through probate of my dad’s estate. He just had a Will and left me everything. He should of done a Living Trust. Probate was a nightmare.

@gregperez919 2 года назад

Wow. I have struggled with thoughts of how to leave a legacy to my descendants. Your valuable advice is exactly what I needed to hear. Thank you so very much.

@TobyMathis 2 года назад

You are so welcome!

@Splenda2021 Год назад

@@TobyMathis 😊

@jeffcarpenter6306 Год назад

Thank you for the clear and precise tutorial on a Will vs a Trust.

@regicon1883 Год назад

Excellent video. This is exactly what I was looking for.

@jackiefenner8051 Год назад

Thank you, your video was excellent!! My mom 80, has a Trust and I had questions on it where I called the lawyer who wrote it up but even still, you were very helpful! :)

@reginacarroll8149 2 года назад

First I've heard of a living trust. Thank you for the info!

@desiralhagger4034 Год назад

Your video was forwarded to me by a friend and after watching your presentation, it was very informative and to the point. Thanks for sharing the knowledge.

@emulevu Год назад

Thank you for taking the time to share this information.

@aglover6151 10 месяцев назад

Just found your channel. Love how you explain the difference between will and living trust. Thanks for the information.

@TobyMathis 10 месяцев назад

Thanks for watching!

@duvaldavis6053 Год назад

Very well done sir. Thank you for this video and its useful and clear content. I've been debating between a will and a living trust and now I know the living trust is the best choice for me and my descendants. Please keep up the great work.

@user-jh4qn3nm6b 7 месяцев назад

Thank you sir for educating us about the trust vs will. I truly appreciate that!

@Lvj22 7 месяцев назад

This is wonderful content! I am in Maryland and helping my elderly parents plan their estate and will be planning mine. It is terrible how probate works.

@Govenor73 Год назад

Thanks, I've been interested in a living trust for some time and finally someone explained it where it makes sense!

@ksmith2852 Год назад

Ask about the expenses. Everything you put something into or take out of the trust you will pay.

@jonnyboyGO Год назад

Thank you for taking the time to make this video and educating me on something so valuable, it’s much appreciated 🙏🏽

@TobyMathis Год назад

Glad it was helpful! Thank you so much for watching our content 😁

@Scott-cu4ol Год назад

@@TobyMathis toby I’m trying to find the video you did explaining how to sell your home to either an LLC or an S corporation to take advantage of the $500,000 exemption if you’re married and having a new cost basis at the higher price for the LLC or S corporation. I told my lawyer about it and wanted to do it but he doesn’t think it’s possible. I’ve searched and searched videos and I can’t find it on your page or in my history. Thank you. Scott

@evaallen9728 Год назад

Excellent info! Stumbled upon your video. Been speaking to folks about this for a while but currently going through a similar situation with my Aunt who has now ended up in a Nursing home. Will Subscribe to your channel. Much love from Canada. 🇨🇦

@johnmastro1588 Год назад

Awesome video my mom's 88 I've been trying to tell her about living trust the last 2 years it's like a flock of geese flying over a head this is the way to go!

@cynthiagalarpe2830 2 года назад

Very informative. We had an expired Living Trust from California but due to moving to another State kept me on delaying to do a new, too many changes. Thank you and I will make sure my husband will watch your video presentation.

@esthersdaughterlong8149 2 года назад

New here. Love your teaching and honesty. I just have a will. Guess I better get a Living Trust. Thank you.

@josegamez3220 Год назад

Well. We learn something new every day. THANK YOU

@zuzu2416 Год назад

So glad yo have found you… thanks for all this information.

@LP-gs3xj 2 года назад

Well done. I have one and forced my mom to set one up. She was on the receiving end of my grandmother’s estate - no will. Her sisters fought over tea cups. At the end of the day they never spoke to each other again. Easy Peasy estate settlement if you have a properly st up trust.

@ksmith2852 Год назад

The Living Trust will do nothing about tea cup battles. Whoever gets into the house after the person dies will take the tea cups, photo albums, hard drives, safes and all technology. That's how it works in real life.

@LP-gs3xj Год назад

@@ksmith2852 True. Relationships ruined. On the other side my kids- minimalists- don’t want anything. My wife is an only child and has heirlooms back to her grandparents.

@deirdremorris9234 11 месяцев назад

@@ksmith2852 Maybe its best to just give stuff away begor you die? I took 2 weeks and copied Every picture from 25 years and put them on several flash drives for my kids. So no fighting over albums. Got any suggestions? I dont want my kids fighting.

@Ginger-B153 Месяц назад

@@deirdremorris9234Also hard copies are most preferable backed up by digital ! So you may want to recommend to the beneficiaries a printing!

@elaineash1557 Год назад

One of the best, clearest videos I've seen on this topic. THANK YOU! Toby is a natural on camera.

@armindagracia5857 Год назад

I just wanted to say thank you for opening my eyes!

@donaldmurphy1518 Год назад

My Man, Powerful information! You broke this down so simple. Thanks!

@hippocripocity Год назад

Good presentation you don't see lawyers giving this kind of advice out to the masses .

@chocothemagnificent1019 Год назад

That is the most digestible explanation of the scenarios I've ever heard. Thank you Toby!

@TobyMathis Год назад

Glad it was helpful!

@steveng8290 3 месяца назад

Thank you so much for the great information. Was going to do a Will. Now learned a LT is the way to go. On it!

@EustisRider 2 месяца назад

Thank you so much. This is the information I have been waiting for. Now I will take action.

@HaiNguyen-yi7fo 2 года назад

Hello, Mr Toby Mathis. Thank you for the advice on living trust it's very useful. This is my first time on your channel and you have a new subscriber and a thumbs up.

@mike_birkhead 2 года назад

Great video (I love it when Toby acts out the story and with sound effects)!

@feliciapayne6527 7 месяцев назад

Thank you very much… This information came right in time!!! My mother passed away without a will or a living trust!!! And I’m sad to say that my brother is a practicing attorney of over 30 years! This should have never happened!!!! Im a nurse of over 35 years and when I constantly spoke with her in reference to her affairs she always said “she had a will”… Thank you for your service!

@sandikennelly1357 Год назад

Enjoyed it. Easy to understand. Thank you.

@roberttaylor5072 Год назад

Mind blowing. Many thanks! Will immediately check on Australian version and cross fingers it’s the same meaningful deal. Went through Probate with my beautiful mother in law and it was a four year horror show with all sorts of never heard of “Step kids” in their 50’s putting hands out. Pure distain for those types. Now we have protection thanks to your SELFLESS ADVICE. Bless you Toby! Tory Taylor 😘

@marvellblack4754 2 года назад

Thank you very much you Have educated me too a better understanding I was going to do a will but now I don't think so

@dcorbin5258 Год назад

Toby, I greatly appreciate you content which is a needed asset.

@ckosenko2129 10 месяцев назад

Thanks for breaking it down - super helpful! I was hesitant at first - 20 mins is long to me but time flew by because I was learning lots of information.

@TobyMathis 10 месяцев назад

Glad it was helpful! Let me know if you have any other questions.

@davidduquesnay8246 2 года назад

Toby, just got acclimated with your videos including this one. Absolutely fantastic! Great job explaining everything clearly. You rock!!

@TobyMathis 2 года назад

You rock for taking the time to watch our videos!

@ksmith2852 Год назад

He only presented a very basic positive side of Trusts. He is a salesman. There is a huge dark side of Living Trusts. Do your research from sources who do not make money from you opening a Living Trust, funding and changing the trust, and administering it when you die. The last cost is hidden; you are dead so you can't complain about the charges and the beneficiaries don't know any better and have no recourse other than sue.

@WhoAmEye_WhoAreEwe 10 месяцев назад

@@ksmith2852 👍

@vickileadbetter5574 6 месяцев назад

@@ksmith2852 Hi, I have read a few of your comments and wondering who you are and what you are doing for your family at death? I like to hear all sides. I have been trying to get things ready for my children when the time comes. You just seem to disagree with all he says, but I haven't seen yet what your solution is (maybe I missed it)? Thanks for helping me decide!

@MsMcBell Год назад

I love your take on things! To the point and not greedy, which is something one sees very seldom nowadays! Kudos! ❤️ 👍

@marklogreco2942 Год назад

Wow. What an eye opener. Direct and to the point. Explained very well and easy to understand. This is definitely the way to go.

@TobyMathis Год назад

Glad it was helpful!

@patriciasankey4103 10 месяцев назад

thank you for all of this info. most you tube videos only give you a small amount of information and you need to buy their program to get the rest of the info. These are people that say they care about wheat happens to the ordinary person. How do they care if they arent willing to share their knowledge? Not everyone can afford to buy their program. So thank you!

@madragna57 10 месяцев назад

I have a living trust. The attorney that wrote it tried to do a will. I am so glad I didn't. The cost was $675 for the trust or $2000 for the will.

@dzrtfleet3596 2 месяца назад

Did you do it with Toby?

@ExtraordinaryLiving 2 месяца назад

What?!? Did you get the costs reversed? Only $675 for the trust?

@beautyallure45 2 месяца назад

Yeah that doesn't sound right@@ExtraordinaryLiving

@davidcoronas4348 2 месяца назад

Where do you live

@kel3678 Месяц назад

Probably a pour over will.

@EXPEKT3D 9 месяцев назад

Awesome job at explaining this information. Leaving a legacy idea definitely puts life into perspective as to what is important to you and your family.

@TobyMathis 9 месяцев назад

Well said!

@maryperrysmith5815 Год назад

Thank you for doing this video. I’m 67. I needed to hear this information

@evelynchevalier1363 9 месяцев назад

I enjoy hearing you. It was very clear to the point thank you.

@MrBreacher68 2 года назад

Great Information and thanks for fighting the good fight. Soooo much information and so much misdirection out here that it’s hard to find the best most efficient way to stream line things and protect yourself while you’re here and when you’re gone. Again, thanks for the great information!

@TobyMathis 2 года назад

You are very welcome, thank you for watching!

@chetsjug Год назад

In California if your estate is over a certain amount they take something like 58% for probate. My best friend growing up lost Millions before they got done because his parents refused to put anything in a trust because they thought somebody would steal the trust from them and other silly rumors. They have four houses and a total of six million dollars in the estate. There was only him and his brother the brother who was causing all kinds of trouble. They had two boats but his brother wanted both boats stuff like that. Before probate was done a 6.5 million dollar estate dwindled down to 1.2 million each for the brothers. You better get a trust combined with a will.

@iancross9729 Год назад

Thanks so much, it answered my questions to the fullest.

@shefiled2 Год назад

Excellent! I currently have a living trust but I wish I would have watched this video before hand it was very informative.

@breathoflifefarm7197 Год назад

THANK YOU!!!! I needed to know what you taught in this video. What’s more, even before you suggested to do so, I decided to share the video with someone who needs to know this. You might just be our hero, Toby. 💖

@TobyMathis Год назад

Wonderful! We are so glad to hear tat our content was helpful!

@thomastessin1663 2 года назад

Great information. I am going to use it. Thank you Toby.

@TobyMathis 2 года назад

Glad it was helpful!

@josephcodner7946 10 месяцев назад

Thank you for this information 🙏🏾 more clarity for me.

@letlhogonoloelijahletsatsi8859 Год назад

You know today someone introduced me to a living trust with few hours I see this informative video.thanks

@CarmenBIGPRESSURECaBoom Год назад

I really do appreciate this great, valuable and beneficial information and I really do appreciate how you deliver this information with such ease and this helps for me to digest and understand the information much better. You’re really fabulous in your craft. Thank you so much! 👌🏾💯

@nina_g6857 2 года назад

I’m a paralegal probate law you are so right! Living Trust is the way to go. Lawyers push Wills but the cost before & after is $$$$$$$$$ and the effectiveness of a Will is almost nonexistent.

@ptdghost1886 Год назад

What about contesting a living will to get a delayed Birth certificate.

@ptdghost1886 Год назад

You see I have been trying to get a delayed Birth certificate. And the City Clerk Said I have to go to probate court to get it.

@chronicles661 Месяц назад

I have a question for you my grandfather passed away a couple months ago. He was living with his girlfriend for 25 years they’re not married he left two homes a couple of properties, some Ira account and a couple of vehicles. His girlfriend is living with him, sell any of his vehicles under his name Without having a will or a living trust ?

@charnell59 Месяц назад

This video really helped me. OMG! I need to get started on a trust now. I'm only 57, and I had some medical issues, so I need to put this in gear.

@elviavalle3716 Год назад

Thank you for such important information, yes I need to learn more

@FindAllFate Год назад

This is exactly what I want, I want to create generational wealth for future generations in my family, unfortunately I’m starting from scratch at the moment but have a plan and I’m running with it, and I like the fact that I can dictate and make sure that the money and assets continue to grow and continue to be handed down generation after generation without those future generations just squandering the money but making that money grow and the assets grow even after I’m gone, to create generational wealth so that my grandkids and their kids and so on aren’t starting from scratch and have a good shot in life, I am so glad I saw this video

@tracygaluszynski1868 Год назад

A living trust is the way to go. No messy probate. You as a trustee are that person when that person passes away. Everything goes to you.

@kobinatakyikoomson3744 4 месяца назад

Really enjoy watching your videos. They contain the most valuable information I need for my investment life. Thanks a lot

@pldilliner9490 7 месяцев назад

Yes great info. We did it years ago & it helps to do a review too every so often. Over time things can change, people change & you want to be absolutely certain. 🌺Lei

@RikiHawk Год назад

Thank you for the information. My parents have a will and asked me to be their caretaker. I recommended a Living Trust because we have siblings and some are not on speaking terms. The Living trust provides my parents the opportunity to provide their voice in their assets. Great inforamation.

@DFyffe Год назад

Love the measured and thorough delivery. It's not often I do a blind subscribe after watching only one upload but although I'm not a betting man I'd put money on the benefits of your other content. Thanks for significantly expanding my knowledge.

@leewilson1368 Год назад

Toby, I thank you immensely for this informative episode. I will be in touch!

@christinelandale Год назад

certainly learnt a lot that didnt know before..thank you

@olgaelizalde5221 2 года назад

Thank you so much for this educational video on living trusts. It's exactly what will work best for me.

@TobyMathis 2 года назад

That is amazing! Thank you so much for watching our content!

@paulabhatt8211 Год назад

This was sooooo informative thank you so much these are very important questions and concerns 🙏🙏🙏

@Andie702 Год назад

Woohoo! Best part of this is that you are here in Nevada. I need to make an appointment. 👊🏼

@jonathanalexander686 Год назад

Amazing content, Toby. Thank you brother! 💪

@texartisanstudios 2 года назад

MY GOD THANK YOU!!!!!!!!!!!!!!!!!!!!

@ksuss5360 Год назад

This has helped out a lot. I think it will be easier for our properties because there will be only one beneficiary, our nephew, and then his children after him, if he has any. We do have several properties in several states, a business, and a fleet of business cars. This has been a concern of mine for a while now. Thanks for the video.

@sister1828 8 месяцев назад

Thank you Toby, I really needed to understand and you were so clear made it so simple !

@libertyman3729 Год назад

Thanks for the information. I had heard the term Living Will but did not know the benefits. I'll pass this on. I handled my parents willed estate, what a nightmare.

@cooperdog9956 Год назад

Great information! I need a living trust! Thank you for sharing.

@hjane57 2 года назад

I don’t even know how I ended up on this video, but I’m very thankful I did! Completely makes sense and need to share this with my mother who is stubborn as a mule. Thanks again!

@TobyMathis 2 года назад

We are so glad that you found our video, thank you for watching!

@vnagawin4053 Год назад

@@TobyMathis how do you set up a living trust for ur would be clients in CA? How much do u charge for a simple trust?

@Splenda2021 Год назад

@@TobyMathis 😊

@stacibellrealestate 2 года назад

I have a living trust it was a little overwhelming but so glad it’s done and I love your explanation here! Great job! Thanks

@tansmith1917 Год назад

Did you need a lawyer to complete the living trust paperwork?

@buddyro5 Год назад

@@tansmith1917 I’d like to know also

@PowderDaze Год назад

We paid $5,200 for our house and rental property. Best $$ we ever spent! Great video! Loved the red chalk!

@naterobinson1673 2 года назад

The best ... stumbled here while switching bewtween 360 videos. I always wanted to do this. Been giving away $1,000s to family, strangers and organizations for years "just because..." This can help with my legacy versus giving 5 figures to my "beneficiaries."

@karinarivas1064 2 года назад

This is fantastic. Beautifully explained.

@isidroarias3864 Год назад

You’re beautiful

@bryangriffin3139 Месяц назад

My mother-in-law had a trust and when she died, it was really hard but she had a living trust and all we had to do is open up the book and follow the instructions. It was so easy. I want to thank her for making it easy for my wife in this trying time, it was so easy I believe in living trust everything worked out properly. It was just perfect.