How To Fund a Living Trust | Avoid Probate the Correct Way
Published 2021-06-15
Assignment Forms Link:
👉 www.dropbox.com/sh/7bw614fgj2ctktt/AADvt3jiGjcHsvL…
They assume "well I'm going to bypass probate," only for their heirs to find out that they didn't properly fund the trust. Then they all have to go through probate which goes into the trust at the very end.
If you've set up a living trust or you're considering setting up a living trust, then this is going to be an important video for you on the funding aspect of your trust.
Watch this short video to learn about how to fund a revocable living trust.
Questions or requests for a video topic are always welcome!
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Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.
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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.
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All Comments (21)
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Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and asset protection. 👉 aba.link/156fb6
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This video is gold I’ve been watching so many videos to find this info 😂 and they were all giving Run around BS info he went straight into the good stuff
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Great information . Thank you !
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Great content & timely!
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Thank you for this video. I have some some great tips and even showed me a different way to structure my trust.
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Thanks for educating your audience on such an important subject!
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Nice presentation!
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This is a great video!!! Thank you!
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Thanks a million
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Great vid excellent content
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I really appreciate the straight-forward way that you present information. Until this video, I never considered creating an asset protection LLC for my Charles Schwab account. This is a game changer, thanks!
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As an attorney, there's nothing more frustrating than having my trust client's children come back years or decades later after the parents passed on and finding the parents didn't keep up with funding their trust over time despite all of the information we provide our clients on trust funding.
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Thanks for the great information, but I don't see the links for the Assignment Forms you mentioned in the video.
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My girlfriend and I considering buying a 2 Family home( first purchase for me) she needs my income as well to qualify for the mortgage,..what is the smart way to structure title,deed, mortgage..etc..if I want out at some point?
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Your videos are great. They are giving me the knowledge and questions I need to ask when we go to set our up. Question.... Are there provisions in a living trust to protect collectables? Not jewelry or heirlooms but lets say a collection of sports cards or comic books. Would everything need to be itemized or just lumped together? A collection that would expand over time.
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Great video. When transferring an LLC to a trust via the assignment form, don't we still have to give some kind of public notice that the transfer has taken place? Like notifying the secretary of state for example?
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Good information! For a brokerage account, would you have to place it into an LLC in your state or is a WY holding LLC all you need? For WA state, there appears to be a yearly B&O tax of ~1.5% on gross receipts.
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Thanks
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Rather than LLCs for investments, we are interested in how to put the house into the Revocable Living Trust. We understand the title of the house has to be the same as the name of the trust. Question is, do we need a title company to change the name? and to record the new name? Are there taxes or recording fees? Once we sign the transfer form for the name change, what's the next step? Will appreciate a video specifically on placing real estate into the "box".
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Hello Attorney Clint, you mentioned "assignment" type forms to use in order to transfer assets to an existing trust... can you tell me where to find those forms or the legal names of them so can download them... thanks
