10 Reasons Why You NEED a Trust

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Mark J Kohler

Mark J Kohler

Күн бұрын

Пікірлер: 83
@jenniferasalcedo
@jenniferasalcedo Жыл бұрын
Mark, keep being you. Your humor resonates with a ton of adults and makes it easily enjoyable to watch for a whole hour while EDUCATING us! Thank you for teaching us. You have my business for the RLT!
@tracythrowerconyers
@tracythrowerconyers 2 жыл бұрын
I had to be facing major brain surgery before I made time to get a trust, and I'm an attorney. Don't be me! Get this done. It's not hard and it's what all the grown ups are doing!
@dtom1145
@dtom1145 2 жыл бұрын
As an executor for someone's will and as a successor trustee for my sister I have seen first hand the differences between a traditional will and revokable living trust. The will requires probate court, lawyers and time, usually 6 - 12 months before the will can be executed, if it is not contested. The trust is just the opposite. No probate, no lawyers except for house closings and some legal questions. The successor trustee can carryout the instructions in the trust immediately and the trust can not be contested. Another significant benefit of a trust comes if you own property in multiple states; no probate in another state, no more lawyers, no out of state court! The trust should be structured for the disposition of the major assets (house, rentals, antiques, art, stock...) and not every little nicknak you own. It should also be used to identify all beneficiaries and what should happen should any beneficary die so the assets can be passed on to your wishes. In most states, you do not need to put your car into the trust since one person/one car can be handled outside the trust by the successor trustee. Financial investments do not need to go into the trust, instead they should be designated as TOD with named primary and secondary beneficiaries. When setting up a trust be sure to also have a power of attorney in place should you become incapacitated. It is also good to have a living will and healthcare proxy to state your healthcare needs at end of life.
@MarkJKohler
@MarkJKohler 2 жыл бұрын
Thanks for the comment! It really is SO helpful to have a Revocable Living Trust set up!
@Southcharlotteservices
@Southcharlotteservices 2 жыл бұрын
Thanks for honesty and insight. Much appreciated and unexpected. Great info that my family sincerely needed. God Bless!
@AwesomelyFaulted
@AwesomelyFaulted 2 жыл бұрын
Alot of your viewers actually love the aggressive approach. Honestly, with my adult adhd, and dark humor.. You're probably the only professional who can grab my attention enough to take these important topics seriously. I'm absolutely serious. Adults with ADHD.. Tend to not take these topics as seriously as they should! (me included)! It's a tough topic for anyone, but it's soooo incredibly easy to blow off for some of us. Lmao. Q
@MarkJKohler
@MarkJKohler 2 жыл бұрын
I'm so glad I can be of help!
@Marysiewert
@Marysiewert Жыл бұрын
I love learning with you.
@wompol7117
@wompol7117 9 ай бұрын
where should we create our trust? does the state matter? how to put an llc in the trust so we can be managing member to have control???
@hermanrodriguez571
@hermanrodriguez571 10 ай бұрын
Having a MMLLC, how do these concepts apply to the individuals? Each member can structure this way? Our business is filed as an S-CORP.
@blessedgirl4101
@blessedgirl4101 2 жыл бұрын
I can see that you really love what you do. I'm still trying to figure out my life's purpose. I keep picking the wrong things. I enjoyed this video and learned a lot.
@kevstree1495
@kevstree1495 2 жыл бұрын
it's very common. don't stress too much about it. it may take a long time.
@StarBellySneetch
@StarBellySneetch 2 жыл бұрын
That was intelligent to show sensitivity to those afraid of the subject. Yea it’s sales, but you didn’t have to do that. Well done 👏👏👏
@TheNurseArtist
@TheNurseArtist Жыл бұрын
Im here for it! Like you read my "questions" list. yeyah
@hango8526
@hango8526 2 жыл бұрын
Good information and everyone need to have a trust!! Keep up good work sir
@rpalmerbyers1
@rpalmerbyers1 10 ай бұрын
In the state of Nebraska, if you have a Trust and leave the bulk of your possessions (House), to your child as a gift, is that the best strategy? Or, should it not be left as a gift?
@brendaguadagnoli3887
@brendaguadagnoli3887 2 жыл бұрын
How long does it take to do this Trust from beginning ? How long must you have this trust before it goes into effect ?
@MarkJKohler
@MarkJKohler 2 жыл бұрын
Hey Brenda! Great questions, if you do a trust with my firm, KKOS Lawyers, it takes about 3-4 weeks start to finish. Your trust will go into effect, once you have signed and notarized it with witnesses, PLUS you need to make sure to fund it. If you're wanting to learn more about our Estate Plan package, please call Emily at (888) 801-0010 ext. 2065.
@eugenevaganov6155
@eugenevaganov6155 2 жыл бұрын
In which state do you usually open trusts?
@FaedraBridalShorts
@FaedraBridalShorts 2 жыл бұрын
would you still be able to pull the equities out of your home for any reason if it was put in a trust? And how does that effect your homeowner tax filings?
@lenovillegas3868
@lenovillegas3868 2 жыл бұрын
My mom does not own real estate and her only assets are her checking account and 2 small insurance policies, does she need a trust or just a simple will?
@andreawisner7358
@andreawisner7358 2 жыл бұрын
Remember that with a will, the executor must bring the will into court in order to distribute the assets. If the checking account is small, the whole account may be spent on attorney and court costs in order to administer itself.
@lenovillegas3868
@lenovillegas3868 2 жыл бұрын
@@andreawisner7358 So what do you suggest?
@vogeljennifer6318
@vogeljennifer6318 Жыл бұрын
in ga or other states, they can waive probate, no attorney needed
@ukiahsguitarsolos3436
@ukiahsguitarsolos3436 2 жыл бұрын
I had an attorney, who is now deceased, who prepared a warranty deed transferring my home to my living trust. He said to have my successor trustee record it after I die. If it's recorded prior, he said it would probably raise my real estate taxes. In Florida we have a 'save our homes' provision in the state constitution that says our real estate taxes can't go up more than 3% a year on our personal residence as long as we own the home. If a transfer is recorded, they might try to cancel the grandfathered-in real estate tax benefit that I currently enjoy. What is your take on that? Is there any problem in having my successor trustee record the deed upon my death?
@CRpatriot
@CRpatriot 7 ай бұрын
❤❤❤❤🙏🙏🙏🙏🙏 It’s allll good bring it on. Let’s learn 👍👏🏼🙏🤩🥰🥰🥰 Living trust are very important because as a Probate real estate agent, I see the reasons why everyone needed a living trust, but unfortunately, didn’t get it 😳😱🤦🏻‍♀️🙄
@yogidebear4380
@yogidebear4380 2 жыл бұрын
Appreciate you sir. essential information, delivered in a light-hearted manner.
@MarkJKohler
@MarkJKohler 2 жыл бұрын
I appreciate you too! Thanks for watching!
@Deborajosephsplatt
@Deborajosephsplatt 2 жыл бұрын
@Mark Kholer I recently opened a ROTH IRA Checkbook with DIRECTED IRA and KKOS. The ROTH IRA owns the Roth IRA LLC. Can I still put thud inside my trust? Thanks
@MarkJKohler
@MarkJKohler 2 жыл бұрын
Deb, GREAT question! The answer is yes! You need to put this in your trust, or else it will still have to go through probate. Reach out to Drue in the Estate Planning Department, and she can walk you through the how. Her number is (888) 801-0010 ext. 2022 or you can email her at drue@kkoslawyers.com.
@LeftsnRights88
@LeftsnRights88 2 жыл бұрын
Will a Beneficiary Deed bypass the Probate?
@Vivemejor-Eli
@Vivemejor-Eli 2 жыл бұрын
Who can prepare a trust? Or who do we go to to set us up?
@MarkJKohler
@MarkJKohler 2 жыл бұрын
My law firm, KKOS Lawyers, CAN help! You can email my assistant Emily at emily.delarosa@kkoslawyers.com or schedule your Estate Plan online using this link: kkoslawyers.com/schedule-an-appointment/?KZbin+Comments&Comments&KKOS+Appt.+YT&KKOS+Appt.+YT
@downhomegirl5
@downhomegirl5 6 ай бұрын
​@@MarkJKohler on your website is the trust... the estate plan or comprehensive estate plan? Wanting to know cost.
@ellennoel9838
@ellennoel9838 2 жыл бұрын
Great info!!💪🏽💪🏽
@CRpatriot
@CRpatriot 7 ай бұрын
Like playing Russian roulette with those kids either you’re in or you’re out of the the living trust 😂😂
@FaedraBridalShorts
@FaedraBridalShorts 2 жыл бұрын
Does your HSA have to form an LLC in order to put your stocks & crypto in? Can you put stocks in there to?
@relaxandchill4444
@relaxandchill4444 Жыл бұрын
Can you do a video on multiple cds on at same time
@iramcc409
@iramcc409 2 жыл бұрын
Great video. Thanks!
@RobinNgoAccounting
@RobinNgoAccounting Жыл бұрын
I am a partner of three LLC . How Can I create a trust for all my business when I just one of the ownership ?
@gillianparkinson3496
@gillianparkinson3496 Жыл бұрын
How does a trust protect my things i a prolong nasty divorces where things are a mess...
@josephstephens9782
@josephstephens9782 2 жыл бұрын
Dude how did you use to connect your ipad to your screen?
@Bobsmith-bd9wz
@Bobsmith-bd9wz 2 жыл бұрын
Good video!
@FaedraBridalShorts
@FaedraBridalShorts 2 жыл бұрын
Well how do i start this trust, any recommendations?
@MarkJKohler
@MarkJKohler 2 жыл бұрын
Hey Chandra! Please, please make an appointment with one of my attorneys. I promise they will take care of you. You can email my personal assistant Emily at emily.delarosa@kkoslawyers.com and she can get you scheduled!
@travis10466ny
@travis10466ny 2 жыл бұрын
Not sure if you say this yet, for a trust should we have a EIN?
@josephstephens9782
@josephstephens9782 2 жыл бұрын
Yes, Trust has EIN numbers. A Trust is an entity.
@travis10466ny
@travis10466ny 2 жыл бұрын
@@josephstephens9782 And we have to file taxes every year? even if no money inside of the trust yet
@josephstephens9782
@josephstephens9782 2 жыл бұрын
@@travis10466ny The Trust does not exist unless it is funded. But, in general you will file a tax return if there is taxable income.
@travis10466ny
@travis10466ny 2 жыл бұрын
@@josephstephens9782 thank you, are you a CPA? Is there a way we can talk. I know getting information cost money, I'm just looking for the right information so I can do things correctly
@cyclops9125
@cyclops9125 Жыл бұрын
We have 1
@josephstephens9782
@josephstephens9782 2 жыл бұрын
What kind of trust? Express Trust, Common Law Trust, Living Trust.... ?
@artport7
@artport7 2 жыл бұрын
Thank God you have a sense of humor... That's what I love about you!!! Keep the humor... even about death... If you can laugh in the face of death.... death might just stay away from you.
@MarkJKohler
@MarkJKohler 2 жыл бұрын
Thanks for your support!!
@joanwillis4968
@joanwillis4968 2 жыл бұрын
Love the info
@bridgettestokesconner9401
@bridgettestokesconner9401 2 жыл бұрын
Awwww man I missed the calendar 📆
@wendyphoenix
@wendyphoenix 2 жыл бұрын
Any one has a list summarized?
@susanlynnlewis14
@susanlynnlewis14 2 жыл бұрын
I found your utube tonight....so confused...have sole prop small business with sch c since 86....help.
@MarkJKohler
@MarkJKohler 2 жыл бұрын
Susan, we CAN help! Call my assistant Emily at (888) 801-0010 ext. 2065 and she will be able to get you in a consultation!
@DontBeStatusQuo
@DontBeStatusQuo 2 жыл бұрын
My fear is I don’t have enough assets to concern myself with a trust. Do you offer consultation calls?
@nancyFLRN
@nancyFLRN 2 жыл бұрын
I just did a consult with someone on his staff. It was $1,200 for 1 hour and it includes an LLC SET UP.
@DontBeStatusQuo
@DontBeStatusQuo 2 жыл бұрын
@@nancyFLRN thanks for sharing.
@TheGoldcolor
@TheGoldcolor 2 жыл бұрын
@@nancyFLRN these guys do our taxes and drag their asses and $1,200 for a LLC is pricey costs normaly $400 that is it
@tracythrowerconyers
@tracythrowerconyers 2 жыл бұрын
@nancyhepner, if you have any assets at all, you need a trust. Otherwise, your family is going to have to go through a lengthy and expensive probate to share your assets with whomever you wanted them shared with. Trusts are not just for investors.
@BrogeKilrain
@BrogeKilrain 2 жыл бұрын
I need this , few seem to know this info
@Dollars6914
@Dollars6914 2 жыл бұрын
What’s an assault rifle? I’m only familiar with sporting rifles! I’ve never seen a rifle assault anyone! Trust are good for machine guns! They sound nicer than these assault weapons you speak of!!!
@daytonpyro
@daytonpyro 2 жыл бұрын
confused once you started to draw
@Steve-holm
@Steve-holm Жыл бұрын
Can my 17 year old buddy set up him a trust?
@louisek8052
@louisek8052 Жыл бұрын
I want a free book. Lol
@joanmackey1511
@joanmackey1511 Жыл бұрын
😊
@andreawisner7358
@andreawisner7358 2 жыл бұрын
A law firm can't be owned by a marital trust unless both spouses are lawyers? I believe this is true in at least some states.
@t.rinity.
@t.rinity. 2 жыл бұрын
@xueqinguo9186
@xueqinguo9186 2 жыл бұрын
Wow so many scam comments
@TheGoldcolor
@TheGoldcolor 2 жыл бұрын
We still do not have OUR TRIFECTA HELLO AND we paid good cash for our tax stuff and STILL 4 weeks later we have HEARD NOTHING and still no help! You talk a lot of talk which is starting to sound cheap without action on your end for our tax return - we call it the put off been there had it done to us and now we see you guys do the same thing great giving people hopium with NO results f-ing sad and pissed!@!!
@MarkJKohler
@MarkJKohler 2 жыл бұрын
Hello TheGoldcolor, I am sorry to hear have had this poor experience. We have thousands of customers a year that have smooth great experiences and occasionally, communication problems happen. We want to make sure you are taken care of and have a good experience. If you could please please reach out to my assistant jack@markjkohler.com with your contact information, he will make sure you are taken care of ASAP and have someone reach out to you right away.
@strshp2665
@strshp2665 2 жыл бұрын
You talk waaaayyyyy too much. Just get to the points.
@twanagassert8780
@twanagassert8780 2 жыл бұрын
Despite the economic downturn, I'm so happy. I have been earning $40,000 returns from my $8,000 investment every 12days
@twanagassert8780
@twanagassert8780 2 жыл бұрын
@McCarthy Keitherx Wead Brian's strategy has helped a lot of traders / newbies out there, with his program I was able to recover my losses from the crash so quickly
@twanagassert8780
@twanagassert8780 2 жыл бұрын
@McCarthy Keitherx Wead Text Him on whats-app 人 +𝟏𝟐𝟐𝟒𝟔7𝟔𝟑𝟓𝟐𝟏 人人
@reginacampbell7612
@reginacampbell7612 2 жыл бұрын
I'm very lucky to know a man like Brian with such great signals ✅ my portfolio has increased drastically,I was able to grow my portfolio on his platform … from 0.6btc to 4.3btc within
@henriettamillea4887
@henriettamillea4887 2 жыл бұрын
now I make $10,567 weekly. God bless Mr Brian Wang he’s been a blessing to my family.
@waynehendrix4806
@waynehendrix4806 2 жыл бұрын
If you are happy with Wang, you should stick with Wang. I like Myscreamin Cooter. She has a 100% return.
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