Five Common But Costly Estate Planning Mistakes For 2020

[@lyndawilliams4570]

This is extremely important content and much appreciated. When you’re a grieving parent trying to make sure your kids are ok and the bills are paid - it’s overwhelming and confusing

[@charleszhou3019]

Hi Paul: Wishing your daughter a speedy recovery and all the best to your family! God Bless your family.

[@2901nc]

The greatest contribution of your series of 20 videos (and the entire channel) is ability for the public to see that there are legal professionals that can guide them through uncertain times and have good discussions that lead to peace of mind.

[@2901nc]

Well said. Agreed.

[@chloejasper6852]

Just awesome..so wonderful & COMPREHENSIVE

[@abdielyosef4896]

I guess I'm kind of randomly asking but does anyone know a good place to watch newly released movies online?

[@lochlanabdullah5937]

@Abdiel Yosef Flixportal :P

[@abdielyosef4896]

@Lochlan Abdullah Thank you, I signed up and it seems like they got a lot of movies there :) I appreciate it!

[@mylenpimentel5826]

I’m a new subscriber and I’m learning a lot , I’m going to watch more of your videos to educate myself on real life issues !

[@sherrymaya]

Same here! Bing watching!

[@litrealred6840]

I want to thank you so much! I feel blessed to find your channel! I got the knowledge to do my trust now !

[@chloejasper6852]

Wow, hope you & your family are well!! Just found your channel, subscribed & LIKING ALL shows. TY TY TY TY.. invaluable

[@Zakasnow]

Thank you, thank you, thank you for the in-depth education you provide. Your knowledge coupled with the practical experience gleaned from years and years of dealing with all sorts of clients and circumstances is invaluable. I just found out ( by accident) my last surviving parent passed over three months ago. A will and trust for both parents had long been executed and in place yet none of the beneficiaries were informed of the death. Trying to sort it all out now.

[@lmcg16291]

We enjoy learning from you too and we appreciate your time,thank you👍👏👏👏👏

[@bens9450]

Could you write out the five mistakes with time stamps? Thakn you!

[@gabbyberny1486]

Thank you for dedicating the time to inform folks out there on TRUST matters😊

[@margaretrobertson4195]

I vote for 20 new videos each month! No pressure.

[@anngallenberger6455]

Margaret Robertson What is the name of this 20 video series, so that I can find it on his website or his utube channel?

[@rosariogonzales9002]

This came in perfect timing. Finalizing my Estate Planning , thank you so much for the information.

[@minchuhall2092]

I have learned so much. I am greatly appreciated for your presentations.

[@roycrowell5910]

Super job Paul just started listening to your channel and it was a great deal of super information will continue to listen and will look back for some missed info thank you 🙏😉

[@ronnieslonejr4846]

thank you for all this info. This s a really nice things your doing for people. I am going through this right now so thank you and God Bless

[@anngallenberger6455]

Hi Paul, I love your videos and your channel. I just recently discovered them and subscribed. This video popped up on my utube Home Screen. What is the name of this series, so that I can go back and retrieve the other videos in this series? Also are you still making videos? All the videos I see on your channel are from at least a year ago. Thanks.

[@eugeniacamara8880]

God Bless you. You are helping so many people sharing this information

[@antoniosaxon8605]

yes thank you. You are helping some, however Not the Most Vulnerable or Most in Need

[@marilynschurg5373]

I Iamb watching this in 2022 I hope you continue the good work that you have started we’re getting a lot out of it thank you so much

[@janicescott7338]

If a person is in a nursing home and you are the guardian. The overflow money is in your possession to buy your relative what they need. Then if the person dies and has no bills and no estate, can you, the guardian split the money among relatives?

[@eileenbeach7605]

New subscriber who is going back to find your other videos. I’ve already made one mistake in trusting my trust-building to the wrong people so want to make sure I don’t do any more.

[@ckkp5656]

Me too

[@femckay]

If they don’t have a prepaid funeral plan or an irrevocable life insurance policy that’s a good place to spend extra money. They can also buy Christmas and/or birthday presents for family members. iPads etc. rather than give money outright which is questioned by the Medicaid office.

[@georgialowery1981]

This is sooo helpful!! Thank you!!

[@alicechung4387]

Thank you, I've learn a lot, although Not understand all you said, but I got some of the important issue to seek out more help.

[@lauragrovier8167]

Paul Thank you so much for the information you have shared with us. It has been a great gift to me to find your videos Thank you for giving back to the community God Bless you!!!

[@onezephyr4515]

Hi Paul, how do you avoid constant bombardment from clients during probate? Being a complicated process w a lot of responsibility on the PR.

[@everetjackson143]

Thanks, I really appreciate you. Can’t thank you enough.

[@elelimsoon9688]

Thank you very much for the very educated sharing. Your unselfish sharing God Bless you & love ones.

[@lyndeesue5607]

You mentioned something about a five-year window when selling your home that’s in a trust… Can you sell your rental property or your home that’s in a trust at any time without penalty?

[@rileypatterson5095]

I would please like for your vides talk about what all that you have to do teach us a little law like how you all keep up with all the Meany question like the move paper chase. set up some law class and to use this as a way for people to learn about all the rules and law of Tax's please! from Texas.

[@jimo559]

1. Not getting the right guidance. 2. Not considering the need for LTC 3. Not considering probate/succession. 4. Consider “reasonable” contingencies. 5. Disregard for tax considerations.

[@rubenmario3]

Thanks for the education! very important for a soon to be a retiree like me.

[@dorishamilton1635]

Your videos have been incredible. Your knowledge is just what I needed as I try to plan... I’ve completed my preened arrangements so the decision to prepare a will or living documentation would be best. I plan to listen to your videos over and over again... God bless you... . My son is a corporate attorney, not trained in estate planning, right? Lol

[@antoniosaxon8605]

Informative to a degree. However, he NEVER Addresses How Irrevocable Trusts Are Presently One of THE MOST COMMON "LEGAL TOOLS" (Most Violate State and CMS Laws) TO COMMIT FINANCIAL ELDER ABUSE. Many Abuse Various Forms of Irrevocable Trusts- as “partners”, "spouses" (But not legally married) and "Caretakers"- to CRIMINALLY TAKE ADVANTAGE, Especially From Others with Mental Incapacity. Some States, Namely, Florida (Seems Not To Enforce Its Own Laws) and Several Others- Allow Criminals TO BLATANTLY STEAL FROM (The Elderly, The Mentally Incapacitated, The Terminally Sick) the Original Trustor (Settlor if incapacitated) & All Beneficiaries as well as Steal From ALL US TAX-PAYERS. BY USING Irrevocable Trusts- Lady Bird Deeds (Florida), QIT’s, etc- To Qualify for MEDICAID (LONG TERM CARE BENEFITS) while NOT QUALIFIED by Other Requirements, Specifically MAXIMUM INCOME or Transferring Real Estate to “Self-Dealing” Irrevocable Trusts (Trustor is the same as the Beneficiary). AGAIN THIS IS ONE OF THE MOST COMMON FRAUDULENT FINANCIAL ELDER ABUSE SCAMS IN THE COUNTRY. PLEASE LOOK NO FURTHER TO ANY LOCAL NEWSPAPER IN SARASOTA COUNTY FLORIDIA, ORANGE COUNTY FLORIDA OR SEVERAL OTHERS- ALL ADVERTISEMENTS ARE FROM "TRUST & ESTATE PLANNING ATTORNEYS" MEDICAID TRUST ATTORNEYS’. #FLORIA#1MEDICAIDFRAUD

[@todamoon55]

Would you do a video with more details involving family limited partnerships. For example the reason you put 1 percent in the name of the general partner and 99 percent in the limited partners. Than as you gift each year why does the tax return have differing percentages. Where limited partners have say 60 percent. That’s so confusing. I have one and was told I wasn’t taking discounts over the years yet the limited partners now have 60 percent. Plus as general partner I’m supposed to have 99 percent. Why would 1 percent allocation make sense?

[@markfair7648]

I am going through hell with my mother's estate and her other 4 children. I truly believe that a will should be updated every five years to reflect changes in family and life. If that person is no longer capable to update the will than the last will is the will period good bad or indifferent.

[@jklein9823]

I am enjoying your videos. Thanks.

[@rinihaque2946]

If you have some rental properties in one member Sole proprietorship LLC then do you just need to create assignment on that llc and say i am transferring 100% this llc interest into the living trust name the trust name, trustee and date and you are done? if you do this is you don’t have to take each property out of existing LLC and prepare a separate deed for each properties and record those properties individually under the trust name? or you have absolutely take all properties out of llc and re-record them under the trust ?

[@miaash3870]

A magnificent channel!

[@yongyesmith1865]

Thank you so much 🙏

[@americasestateplanninglawy1946]

You're welcome 😊

[@dianerogers3420]

What is a ball park price for an attorney to charge for handling the probate of $30,000? Thank you.

[@paulalopez8594]

Do you answer the comment section individually ?

[@jeanstrength8789]

Who is a good estate planner in the Dallas texas area?

[@bmxmom32]

As a single Mother I put my adult son (who resides with me) on the deed of my home. I live in NC not sure if you can do it in all states.

[@waynecowell1206]

Should my IRA payable to my living trust at death as beneficary also have a secondary beneficiary named to provide against the trust not in existence at my death?

[@johnlim123]

can the beneficiary be given different % ownerships? example 3 brothers get trust all different amounts?

[@FaridaSultanaIchoosesuccess]

I am Canadian, and I have some property in another country, can I include them in a trust I set up in Canada. Please answer. Thank you.

[@amywang4442]

Paul, do you have any referral for California colleagues who you know is as good as you?

[@ryandow68]

Estate Tax Exemption - (1 or 2) My spouse files an estate tax exemption return for me when I die. All of our assets go to my spouse into a Surviving Spouse Living Trust at my death. At the death of the surviving spouse, do we have two estate tax exemptions to combine, or just the Surviving Spouse’s estate tax exemption?

[@sudhaparekh5564]

How long it takes Trust to be effective

[@allenjones2847]

I am a non-related, sole heir and successor trustee who expects to be challenged by former non-related step-children of the widowed trustee. In addition to the protections afforded by the trust language itself, are there any other layers of protection the trustee could implement now to further enhance the trustee’s ability to see that her wishes are carried out? Ways to minimize court time and legal costs? Ultimately, the trustee feels that all is in order to win any challenge but at what expense? Do courts allow for the presentation of solid evidence so that an inexpensive summary judgment may be rendered?

[@Dbb27]

Look at transfer on death deeds for real estate. Not all States allow but if they do the deed goes to whomever is the remainder man without going to probate. I have a friend in your situation and it’s gotten messy. Two step children who received assets when their father died. Some went to his mother and the understanding was everything went to her children (my friend and his brother). Even with a will the step kids are challenging the will.

[@christianwagnon2256]

Can I make a real estate purchase for the house in the same area that mother mother sister sold our house and I was in a comma when she sold our home. I have been homeless since I woke up from comma and my sister had Mom and dad was going crazy and then his health was really rapidly deteriorating. I was informed that dad died on the 22nd of November 2022 and my sister called on 12/28//22. Told my daughter that she couldn't get the insurance check for Dad. Because I have it.

[@FALSEJUJU]

Is it true that if my mom dies do we need to pay medical bills?

[@MarleneSilva-qs6yn]

Thank you for all your great info. So helpful for people like like me over 65. How can I find and can you suggest an attorney in Phoenix AZ Thanx again

[@ushavoruganti5867]

if one of spouses gets tia and recovers.can they be allowed to put things in trust.

[@sjames8515]

Is there a difference in cost bases step up between assets from a trust vs a will?

[@pollyrich521]

I have a son with popular.He is married to areal spend thrift I’m. In 90s friends at this age are gone. What’s my choice for filling the roles

[@rchn1315]

Do you have summary notes?

[@annblair4459]

Thank you

[@americasestateplanninglawy1946]

You're welcome

[@2309dgmg]

I want to protect what I do have, but i don't want to be in a stinky medicaid nursing home and be tied and drugged to a wheel chair. So do I have the wrong opinion of the nursing home. I also don't want to lose control of my accounts. So I'm really confused as what to do.

[@Tpry]

The live chat should be at the end of the video.

[@justwannasay5454]

What a terrible way to live. Having to keep your balance below a certain level. How did we get to this point? Way too many regulations. Insanity.

[@chloejasper6852]

I'm there..2 deaths recently & getting the money from 2 houses will ruin life & upset everything. Money is temporary, but MEDICARE Is forever. It's a big deal!

[@deborahelliott833]

I'm selling my generational family land in nc for another plot of land in in our same family and same state. If it's a relative we buy from, are we grandfathered?

[@FaridaSultanaIchoosesuccess]

what do you mean by grandfathered?

[@FaridaSultanaIchoosesuccess]

@Randall Swanson According to 1021 Exchange doesn't the second proporty be valued higher than the first. Please correct me if I am wrong.

[@deborahelliott833]

@@FaridaSultanaIchoosesuccess Maintaining original family liberties to the land.

[@HarrySukhdeo]

Who is a good estate planner in New York City. I need your webcite concerning this topic asap. Thanks or a phone where i cn cal ad ask important questiins.

[@abc-wv4in]

Did I understand you correctly that a child who was given up for a legal adoption can years later inherit from the biological mother (who is no longer legally his/her mother) even if he/she isn't mentioned in the. biological mother's will? That doesn't make sense and would be a huge can of worms. Many adoptees don't even know who their biological mother is and has not been a part of her life. Are you sure?? (Assuming the child in the questioner's question was LEGALLY adopted by the grandmother.)

[@Mama_Funk]

If a will was created 40 years ago when the heirs were minors and a trustee was named, will the trustee stipulation be ignored and will still valid?

[@raisameyerovich17]

Hello. My name is Valentina.I am married. My husband is very sick and soon will need long term care. He is 70 years old. Together we have a good house and some annuities . Is it helpful to divorce him and put the house and the annuities in my name to save the assets

[@wcmed6021]

This should be titled "random questions"' good stuff but way off topic stated

[@Tpry]

Itis very confusing listening ,mixing livechat with the intended information of the video.

[@FaridaSultanaIchoosesuccess]

They are on live chat, they should rightfully get preference.

[@janicethomas3483]

Why do you be procrastinating on the questions? You always say you want to get to the questions but you talk a lot of fluff before each topic! Please get to the topic ASAP. You can be more helpful to your listeners!

[@cheryldodd-marko9787]

🕊🇺🇲💕

[@brendaw.7597]

Video is terrible as it skips and jumps making it hard to follow and to understand. It needs to be redone to make it understandable..

[@robertrice4645]

Knowledgeable but chats too much! Over 6 minutes into this and you haven't got to the topic...

[@pegwalrich5288]

You take too long to get to the point of what you are really supposed to be doing.