People like you is the reason I love KZbin. Thank you for helping others!
@thomasshoff65128 ай бұрын
With Utube plaudits just push politically “right” agendas and see how nice they are!
@MrsTi3332 жыл бұрын
I never thought I’d ever understand estate planning. You are a great teacher. Thanks for sharing. I think it’s a real kindness.
@saintjames80183 жыл бұрын
My LORD, one of the BEST discussions I have listened too on basic aspects of a Trust. Most keep you confused by design; this guy was clear and to the point. How refreshing.
@donnazukadley73002 жыл бұрын
When I was getting my bachelor's degree in legal studies and took Probate Law, I learned a lot about putting bank accounts and car in both names to keep out of probate, as well as term life insurance. But LIVING TRUSTS were never explained as so important. Thank you!
@KDADDYSGIRL3 жыл бұрын
I’m a temporary legal assistant turned recipient at a private law firm and this information is helping me build up my paralegal skills! Thank you so much
@alexjandick27122 жыл бұрын
The way that you include multiple scenarios in your videos is very helpful. Thank you, Paul.
@WhisperGray3 жыл бұрын
My paternal grandparents had a living trust, Thankfully... and when my grandma passed away it made my life a little easier. It's almost been a year but I've been able to handle most issues ok. Thank goodness for good Attorneys to help also. After our experience handling her death and final expenses, we immediately set up our own Trust to protect our assets for our kids.
@lorireed80462 жыл бұрын
If it wasn't for my twin sister stating she wanted to be cremated and I get her ashes my niece was trying to take it from me! Even the photo albums she labeled "Lori's #1 and #2" this evil child took from me. Even the $280,000 my sister left HER children wasn't enough for the oldest child. Just small things to me had her screaming. She hit me not once but 6 times. I even shared the ashes for everyone to spread as they traveled... It wasn't enough. The amount of ugly after death is insane.
@lizabethcaceres3 жыл бұрын
I'm forever grateful to find your channel. Synchronicity...my father is battling pancreatic cancer and has homes, IRAs, life Insurance the list goes on...my mother is emotionally exhausted. So I'm left to care for both and every decision making. I'm learning so much and now preparing. One thing we all cannot avoid is death and it better to be informed, and knowledgeable for our families.
@carolyndrummond34552 жыл бұрын
You would never believe what I have been through...in the process of my parents aging problems and illness. My father in law. who was a recent widower, got involved with a crooked housekeeper who married him and wanted all he had and tried to poison him with food. While all that was going on my daughter was involved with a bad head on collision and later my husband had Parkinson and died. Believe me it pays to be learning before things start happening. So I now have a revocable trust...for my family, so learn all you can. BTW, we won over the crooked house keeper even though she had spent a lot of his money. The trust is for my daughter who has a brain injury and the other daughter will have to care for her after I die. Do like this man says and don't put so many demands in the will as things change daily. Put it in the Trust and keep it simple.
@lizabethcaceres2 жыл бұрын
@@carolyndrummond3455 thank you! God bless you!
@laurianninirschl7969 Жыл бұрын
@@lizabethcaceres I was so sad to read about what you have been through. That is a lot for you on top of such a loss. I am so glad you were able to get prepared. These presentations are helping me as well. I do have an attorney I like and trust, and learning the language and issues here helps me to be prepared and address questions I have in the process. Blessings your way…
@nippy71773 жыл бұрын
Hi, My dad passed & made me his executor. Currently going thru probate now. Totally ignorant about probate court. Wish I discovered u sooner at least for the knowledge. Thx for ur educational vids.. Nippy
@staceyqualls73923 жыл бұрын
Hello from Nashville. I've shared your site with almost 15 people. Your information is extremely important especially when you provide different scenarios . What an incredible job you do. From the bottom of my heart, THANK YOU.
@patcrawley503 жыл бұрын
Va
@pattystephens59773 жыл бұрын
My father in- law had a trust set up. He sold his home before he went into a nursing home. Divided the money for the children. No taxes for the kids. Gave everything away before his death. He died poor, as he wanted it that way. All belongings were given to the children. No fights, no arguments. Everyone was happy.
@trudydavis61682 жыл бұрын
I cannot believe that it was that simple! What a smart man...
@ltcajh2 жыл бұрын
@@trudydavis6168 Well, if he goes to a nursing home within what is it, five, six years, the government will want that money back from what he gave his offspring!
@Swedetwin2 жыл бұрын
I don't know how happy I would be as a Medicaid nursing home patient. Obviously, he would have had to anticipate nursing home placement and gift the majority of his assets 5 yrs in advance. Is that what happened? Where did your fil live for at least the 5 yrs after he sold his home?
@carolyndrummond34552 жыл бұрын
@@Swedetwin Very Good questions. Btw, my neice in her fifties is in a nursing home under Medicaid and she has had excellent care....while very sick and a very heavy person.
@sandraschneider84382 жыл бұрын
Rare!
@allarchitect Жыл бұрын
My mom died on January 24, of this year. I am working with her estate attorney to wrap up her finances. Step, by step, everything is falling into place. Thank goodness she had an excellent attorney. So far, no problems or delays.
@mendoblendo321 Жыл бұрын
How is everything going? My mom died in January as well with no will and then my sister died in February. It's been a mess. My brother hired a estate lawyer but has been acting really weird. Didn't tell me before he did or who he hired and he flipped out when I told him I consulted a lawyer for advice.
@belinda95993 жыл бұрын
Just found you and I am in the process of binge watching your videos. Thank you very much for these excellent presentations----they are well thought out, easy to understand and well put together. I appreciate you taking the time to educate us!!! Thanks again.
@oliviacook74203 жыл бұрын
Guess every state is different we didn't have to go threw all thT when .y mom died.
@llw22263 жыл бұрын
Exactly!!! He is great 👍
@kattiethomas46872 жыл бұрын
Thank you so much for helping a green horn like me, as I am quite tense being an executor of my sisters estate that being split with her living spouse..
@trudydavis61682 жыл бұрын
@@kattiethomas4687 So much valuable knowledge presented for our benefit by a very generous attorney!
@helenlissy44642 жыл бұрын
@@trudydavis61681
@producerlinda71093 жыл бұрын
Binge watching your videos. Thank you for this valuable information 👏
@giorgiog.g.84012 жыл бұрын
I just started watching you late last night 6 hours later I've just finished your last video very informative glad I found you awesome. Texas guy here.
@ensignj32423 жыл бұрын
We had a trust when my husband passed away. Amazing! I had no problem when he passed.
@jomama51863 жыл бұрын
You are a good person for making these videos. May God bless you!
@walterpaquette76132 жыл бұрын
I just finished watching your video on probate, etc. I recently spent a few weeks researching information on Living Trusts (my wife and I are 80 years old) and have a meeting with an attorney next week to set up a Revocable Living Trust. We want to make it as easy and fast as possible for our family to dispose of our assets upon our deaths. I found your video very helpful and reassuring that we are going in the right diredtion. You did not mention that the revocable living trust becomes an irrevocable trust upon on of our deaths.
@jackfrosty46742 жыл бұрын
The people go beserk when the parents die. Be sure to do the trust. Will save much fighting over will and getting a new will that other child does not know about when have dementia. Consider working way to give them as much as can before die as it lessens the fighting.
@Luckyraindrops3 жыл бұрын
I had a Will prepared about 7 years ago and I received notice from the Law Firm 2 years ago that I may need to look at it again for any updates. I have heard about Trusts but seemed overwhelming not knowing what are the things involved in all that. So I haven’t done anything. Thank you so much for your videos. Now I have a much better idea on what questions to ask and what I would like done. Your videos are very helpful. And yes, I have subscribed!
@ABab-jf2jb3 жыл бұрын
I wish you were in Georgia . You are so knowledgable and explain things so clearly.
@suedavis48183 жыл бұрын
Me too
@sherilgreen74953 жыл бұрын
Georgia doesn’t need a trust. Would like to hear him address Georgia’s requirements for avoiding probate.
@brendajanes3899 ай бұрын
What is the average price of a living revocable trust in Ky?
@barbrahundshamer9194 Жыл бұрын
Good morning, I just found this, and I want to know everything I need to know about this topic, this is so very important to know all the information available, thank you for sharing this!!
@zitasolidum38503 жыл бұрын
Hello, watching from California…we thank and appreciate you very much. Thank you for educating us…
@diannavoss85523 жыл бұрын
Thank you! I have and continue to learn so much from you. Your explanations are easily understood. Please keep up the great work.You are helping so many of us to get through the legal messes in our lives.
@mariapalos610110 ай бұрын
Very informative! Thank you so much! I’m new at this and I’m from California. I was so confused & overwhelmed before watching your video but now I feel more confident I understand this process a little bit better. Thank you!
@bcvahsfam3 жыл бұрын
You are doing a great job explaining. I appreciate this so much!
@2501Grace6 ай бұрын
My brother has been in charge of my aunts estate for 7 years. he has been working on my aunts house and basically cleaning repairing and constantly throwing trash and doing weed work. I’ve told him it needs to be rented or sold and it’s not a museum. All he does is say he works every day. He’s up at 3 o’clock in the morning, and just says he’s working a lot. There is another family members estate that he is in charge of. There is a tiny bit of land and the rest is cash. My family member just passed, and I am one of three heirs. I don’t want to wait another eight years for anything to be done. I tried to talk to him about this and he just says he’s very busy and he might have to get attorney in all kinds of just things that don’t really have to do with anything. I just want my inheritance. I don’t wanna hurt anyone? I don’t wanna argue. Is there a limit to how long Things can be kept without distribution
@NaveDelAmor5 ай бұрын
2501Grace - time to contact an attorney? Or the judge in charge of probate?
@splendid_is_she16144 ай бұрын
@@2501Grace If the Aunt has passed 7 years ago, why on earth are the rest of you waiting??? 🤔 You can take him into court, they have court facilitators to help you fill out that paperwork work, for goodness sake. Also, if he rented it out all of you would have to pay income tax on that rental, so just take him to court they again have freeeeeee COURT FACILITATORS ATTORNEYS up in all court houses to help for FREE! I wouldn't be paying out of pocket to an ATTORNEY!!! 🤔🤦🏾♀️
@charlieleverett77003 жыл бұрын
It is taking longer and longer not only because of the courts being shut down, but because of the IRS failing to process estate returns! Our 2019 returns are still not processed as of July 2021. It is insane.
@lisagarrett69662 жыл бұрын
I heard The fed is defunct. We are going from Maritime law to constitutional law.
@carolynellis9038 Жыл бұрын
Thank you for the video
@marylut6077 Жыл бұрын
Hope the IRS doesn’t decide to audit the estate!
@deliadsantiago98953 жыл бұрын
A new subscriber now. Thank you for your generosity for giving all these detailed informations. Hello from New York! God bless you.
@kristennn850 Жыл бұрын
Very informative! I definitely need to set up a trust, in-fact I remember after inheriting a bulk when my dad died in 2018 I had no clue what to do with the funds. Because generally what would come to mind is how to invest in something long term with guaranteed returns. Fast-forward to now, I did find a way to mitigate the best areas of in vestments and I’m reaping tremendous benefits.
@weicaihon Жыл бұрын
I had a will dispute with siblings for years, as soon as it was settled I thought in vestment right away. It’s possible to achieve outstanding growth in port folio diversification in a short period of time as long as you stay consistent and do things different from the vast majority.
@kevincooper0 Жыл бұрын
Yeah true! in vesting in good company stocks is a great idea and a good tra ding technique or system put in place would guarantee you many days of success.
@kristennn850 Жыл бұрын
I feel bit achieved since I started in vesting shortly before retirement, monitoring my portfolo performance which has grown exponentially to 3 million dollars, now I understand why experienced experts make enormous returns from the ever unstable mar kets.
@callumfrank Жыл бұрын
Wow, interesting. I got a stash in cash inheritance, savings & 401k too, it’s not growing and I have fears of in-flation.
@callumfrank Жыл бұрын
@@kristennn850 I would like to get something started with it. Do you have anyone that helps you achieve this level of success in tra des? you seem to be doing well
@allenbuck55893 жыл бұрын
I’m a older man. Kinda worry about my passing and grown kids and grandkids like to know I have my Ts crossed I s dotted. Thanks for the videos.
@jackfrosty46742 жыл бұрын
The easiest way is to fund your going into the twilight. So buy a prepaid funeral insurance plan as up to a certain amount medicaid will allow. Get it all set up and tell people where the policy is. Pick out all the stuff, coffin, music, transport...... That will be a big help. Also is have the cash find some way to fund them traveling to your funeral and stay at hotel. Maybe an insurance policy in one of the trusted childrens name they cash in to fund everyones trip. Medicaid does a five year look back policy. There is a trust that protects your money. Look into it. Is a special one. So can give before five years gifts of up to 16,000 per year to person with no gift tax. Easier to give it up front unless use special trust.
@jackfrosty46742 жыл бұрын
The way care works seem to be best in one of those homes where you start out with an apartment and then as get worse and worse go to the more help more expensive step until in nursing home and pass. Don't make them give up their life for you. They will be happier to see you and visit you more if they do not have the burden of putting life on hold to take care of you. 40 percent of caregivers die before patient. Better to use money so they are not stuck and a prisoner taking care of elderly for how many years? sometimes twenty.
@barbaralibertelli56372 жыл бұрын
Excellent information. Will have to go over my legal documents to make sure I have the Trust Documents you mentioned with my attorney here in Cape Coral, Florida. I am keeping your video to share with my adult children also. Thank you. Barbara L
@charlesecrowdersr32513 жыл бұрын
God bless you for helping especially seniors !
@Catherine-rt9un2 жыл бұрын
From Atlanta and I thank you for this informative video. I never understood the value of trusts and living wills and after watching numerous videos, I feel a bit informed and comfortable to make certain decisions.
@evelynkennedy87223 жыл бұрын
This presentation was "super" and very well expressed. Thanks Evelyn Kennedy - Groton,CT
@martinoamello30173 жыл бұрын
Just settled my dad's estate through probate here in SC. Left it all to me and it was fairly easy. No lawyers involved at all. The judges assistant told me that the judge takes a very dim view with credit card companies (dad owed a lot). They helped us quite a bit even through covid, etc.. CC companies got zilch..
@Pj_garrett3 жыл бұрын
Wish I had known about all of this when my Mom got sick (dementia) It went through Probate when she passed away. My sister(executor) paid the nursing home before it went to probate. Thinking that would narrow what could be taken by them. Not true. They end up charging her another 5,000 dollars even after they had been paid. After all was said and done her children received 240 dollars each!!! Ignorance of the law doesn't help. I wish we had looked into all the options or at least seen your very informative videos Sir. I have heard horrid stories in the past about Probate and Nursing Homes. Please, if you have a sick parent with assets check out everything before you become become a victim of the system.
@loumarlin30402 жыл бұрын
My sister was a nurse and she knew about nursing homes taking everything so as long as it’s been out of their names for 5 yrs nursing homes can’t touch it…that’s why my mom did a life estate which was bad in a way because she grew up in Poland as a child and Natzi Germany from age 13-18 she was afraid someone would take everything away from her. We 4 girls were her only family and she really didn’t trust us.
@glorialegault66962 жыл бұрын
That is horrible as a R.N. don't know how the nursing home could get more after they were paid
@reubenbass25242 жыл бұрын
@@loumarlin3040 ,
@tribequest92 жыл бұрын
How did the nursing home take more after they were paid? Something is amiss here.
@TheJazzyRedTalkShow2 жыл бұрын
Amen
@citrinwarren60732 жыл бұрын
I had no real knowledge of wills etc Thanks to your program I can begin to prepare myself for my final decisions. I shall always be looking out for your program
@lawrencegill11512 жыл бұрын
I'm from Illinois. I really do appreciate what you're doing here. I'm so interested in the difference between a standalone wheel and a trust. One thing I do wish you were able to do is to guide me or is it us into finding an excellent lawyer to construct the trust for us. Thank you for your service it's truly appreciated.
@carolapostolos89293 жыл бұрын
Thank you for providing all this important information.
@christinamoreno17813 жыл бұрын
Hello from Texas,just found you,&LEARNING ALOT DO THANK YOU!!
@donnaweeks13113 жыл бұрын
You have been such a wonderful asset of knowledge.to me and my husband. Thank you so much.
@judypieschel46042 жыл бұрын
In MA...listening to as many videos of yours that I can find. It often takes a number of listenings to let the info sink in but that is ok. None of this is anything I deal with day to day! Thank you!
@silvieb2024 Жыл бұрын
If your state allows, set up a beneficiary for your real estate by recording a Transfer on Death Deed. No probate. None of the tax consequences of adding a person to your deed while still alive.
@ftoniaromano6480 Жыл бұрын
Thank you so much. I live in NJ and my older brother died as a result of the Vietnam war so I am the only heir and now I will set up my living trust with an attorney with some knowledge. 🤝
@mebmom33 жыл бұрын
I'm from Delaware ,and your video's have been invaluable to me ! Just wanted to say THANK YOU !!!! (Subbed after 1st video ! )
@douglashaskins3 жыл бұрын
From Ohio, so happy I found you.
@steveng.c.85243 жыл бұрын
Great job Sir, we appreciate your sharing this important information.
@georgepimentel1613 жыл бұрын
The bank holding the estate can waive probate if there is enough documented proof that the executors or beneficiaries are directly related to the deceased. What if there is only one surviving heir with no dependants? Love your videos by the way.
@rubynewman69742 жыл бұрын
Thanks for letting people what needs to be done.
@TerryProthero2 жыл бұрын
My brother was the executor of his friend's will, and he said that probate was a complete nightmare. It all went well, but he had to file a stack of paperwork, etc. Probate, to clarify further, happens when there are assets with a title. Real Estate as mentioned, but even things like vehicles. If you are married, one of the simplest ways to avoid problems is to have these things in both people's names. The lawyer here can correct me if I'm wrong, but that should prevent all of those assets from going to probate. Everything would go to the surviving spouse. And they could keep them or distribute them according to their best judgement. And if it's a business, it can also be in the name of the spouse or a surviving business partner. So, if this scheme works for you, it's probably the easiest way to avoid probate. This might work extremely well for someone who doesn't have a lot of titled assets. Maybe a house and a couple of cars, etc.
@jackieburch6875 Жыл бұрын
Not true if both names are not on the home then it goes to living heirs and not the surviving spouse we just found this out in North Carolina
@TerryProthero Жыл бұрын
@@jackieburch6875 "If you are married, one of the simplest ways to avoid problems is to have these things in both people's names." Read what I said one more time.
@Gentilejedi Жыл бұрын
Not a lawyer....with Real Estate, house for example it depends on how the deed is noted. Joint tenants in common vs. joint tenants with right of survivorship. Right of survivorship, will pass to the next surviving owner and bypass a Will (heirs) and/or probate. Joint tenants in common can be distributed to heirs and needs to go through probate court. My mother and I owned a house together, our deed was JTWOS. This avoided probate.
@grandmajane2593 Жыл бұрын
@@TerryProthero The trouble with putting property and cars in spouse's name is if there is a seperation or divorce, One of the partners will demand half of the property or they will just abscond with it.
@TerryProthero Жыл бұрын
@@grandmajane2593 Yeah, that would be a possible downside. If your marriage isn't going so well, it might not be the best option. But if it is, it's a pretty simple way to go. That's the kind of thing that needs to be evaluated on a case by case basis. You need to realistically know who can be trusted and who can't be when making these plans.
@marypeterson10539 ай бұрын
Thank you from Wisconsin. When our Mother died my five sibs...divided things 5 ways. SHE RAISED US RIGHT AFTER DADDY DIED. BLESSING!
@convincedquaker2 жыл бұрын
Excellent information! I definitely need to set up a trust. I'm a dual U.S./Canada citizen. Lived and worked my whole life in the States, then retired to Canada. So, my IRAs are in the U.S., my real property is in Canada, and I have bank, investment, and stock trading accounts in both countries. Additionally, my beneficiaries are in both countries. If I don't make things as simplified as possible, my trustee/executor will curse my memory long after I'm dead and buried. LOL (P.S. My dog is a rescue from Lafayette, LA... living her best life way up here in the birthplace of all Cajuns... Acadia. 🇨🇦)
@abipi3767 Жыл бұрын
Give it to The charities your kids and sister don't need it
@gloriajohansen97283 жыл бұрын
Hello from New Mexico. Thank you for your valuable and helpful info!
@vincentlee47993 жыл бұрын
Nothing is frozen with a Living trust, no expensive lawyers needed for probate only needed to draw up the trust documents and you don’t need to go through a court probate and get any ruling with a judge. Everyone just has to be on the same page.
@yvonneperalta335 Жыл бұрын
How much does this cost
@yvonneperalta335 Жыл бұрын
How much does it cost how much does it cost
@TeriNkc6 ай бұрын
@@yvonneperalta335 Get a free consultation with an attorney. Do your own research Jeeeez
@connieparker4223 жыл бұрын
Thank you so much for taking the time to explain this in layman's terms. Very helpful!
@tonirox60332 жыл бұрын
Hello My dad left a will with an assigned Executor, whom was a lawyer friend for years. This Executor Was sick with MS The judge appointed him . It has been a year since my dad's death and I have no paperwork except for some. There are 3 beneficiaries which is me and 2 brothers my brothers are not of sound mind , and can not make decision...On top of that my dad's estate has 23 properties of which are divided into apartments. So we are talking about me managing tenants, repairs and maintenance such as grass cutting and trash removal. There are also real estate property management handling rental monies, and they are all insured. The estate pulls in about $9000-12000 a month. My brothers ( beneficiaries) will not sign nothing, as in the will we are granted one third each of the estate residual. In the will, it also states to sell all properties or beneficiary can keep prope red ty of sme one third value. Now in order to sell the titles must be cleared. There were judgements against some properties with violations. The Executor is now filing a petition to resign as he too I'll and the lawyer was his daughter straight out of law school with no experience, has caused one of my properties out of the city to be late on paying taxes. She is not communicative at all and has not paid my inheritance tax or $58,000 in judgements . The real estate is worth 3 million Can you give me some advice as she has been incompetent in many ways. I have many tenants in properties, and I don't want lawsuits, nor malpractice with the lawyer of which has already happened. My brothers are not of sound mind so they have been staring at the wall since birth. I am the hopeful executor to come,, but need a place to start
@tonirox60332 жыл бұрын
I can leave my email and I am from Philadelphia, pa
@joelquinn20373 жыл бұрын
My Grandfather, had a law degree, placed everything in the people's names before he passed. He did the paperwork to have it where he had use of it until his demise. This was done in the 80s and passed in 95
@eptunes36163 жыл бұрын
My Parents gave us their land before either got too advanced in age. Oklahoma now has a Deed upon death deed years ago it was called a Dresser drawer deed that people kept so when they passed a deed would transfer property easier.
@Dbb272 жыл бұрын
It’s also called a ladybird deed. I’ve done it with my properties. I die and my kids go to the tax assessors office with the DC and voilà it’s put in their name.
@patriciascrabeck1596 Жыл бұрын
😅
@ashleykelly3279 Жыл бұрын
My daddy gave away everything to us when diagnosed with alz/dementia
@slimgoodie87183 жыл бұрын
I’m currently just went through probate by myself no help no lawyer my father died 4-24-21 i was appointed personal representative I haven’t seen or spoke to him since I was 19 I’m now 28 this whole process is very difficult and overwhelming how do I find out if he had a will or life insurance I didn’t find any important papers in his home I went to his credit union they said his account was empty and no safe deposit box how do I know if he had a trust? I had to pay for his cremation out of pocket can you help me find out this information?
@gloriadixon2 жыл бұрын
I am in West Des Moines, Iow. I really appreciate your reenforcement of my message that people should be prepared and knowledgeable on the various estate planning documents. Understanding of probate is so helpful to lay people. Thanks.
@hawing3832 Жыл бұрын
Like your presentation❤ Very informative and practical for everyone and every family. Thank you very much!
@curiosidadanalitica65643 жыл бұрын
Thank you 🙏 You are so easy to understand legal words. Englesh is my second lenguajes. I have my own Bussines and I really apréciate how simple you are to teaching difficult things for me to understand. 👍🏻 Simi Valley CA.
@daroseohana1143 жыл бұрын
If you have a business, talk to your lawyer about LLC. My husband and his brother have a business and their lawyer set up an LLC and we have a Trust for our personal stuff.
@charlottecharlotte42133 жыл бұрын
Thank you for taking time to share such important information.
@gmharris20103 жыл бұрын
In Florida, creditors have 2 years from death to claim against assets. After that, if funds not collected by creditors, family can try to claim assets.
@fencelady563 жыл бұрын
I'm in Oregon... not sure what are our laws are here. I want to see if your website has what you listed above, Great information!! Thank you!
@virginiadavis49603 жыл бұрын
I thought that you can write a letter stating whom you want to handle all of your estate, just that you can just write a living will by stating that you donate all estate to this person. Donate is the key word, to stay out of court. Is this information wrong?
@sherryhillman91973 жыл бұрын
You can probably just check your State laws and get anything you write up notarized with 1-2 witnesses. You can check with a notary or your bank that notarize documents.
@NYCisland3 жыл бұрын
Only if it's very very very simple but you're very much at risk by doing it yourself w/o knowledge of the laws in your state and the policies of any banks the deceased person has.
@jackfrosty46742 жыл бұрын
Some states will not recognize this will unless witnessed by two people who sign. Others also want notarized. If contested would be harder to win if another had a will witnessed and notarized.
@saowaneej20952 жыл бұрын
I just watched your video. Thank you so much for all your information. I plan to see my Real estate lawyer soon. I live in Los Angeles, I think all the rules might be different but your informations are very helpful. Thanks again.🙏
@lyndawadsworth85722 жыл бұрын
You came into my life at the right time. Thank You!!!!
@Lambert77853 жыл бұрын
thanks so much for giving your time and knowledge to us - really helpful information
@jacquelynnmaresh99343 жыл бұрын
Probate allows you to bar some creditor debt, which is a tremendous relief to my clients, especially those whose parent or spouse had significant medical debt. For that, I never understood the negative stigma with attorneys outside of Texas who discourage the probate process.
@Garth2011 Жыл бұрын
Probate isn't free either so you have court fees and lawyer fees to do any type of probate. Trusts will not have that expense and delays.
@ritalabonte9695 Жыл бұрын
From Canada - Learning important info regardless of being in another country. Thank you!
@sugarcane59054 жыл бұрын
What if you became executor by the courts for your deceased mother. Have a personal injury case which is ready to disburse funds and you have to pay inheritance taxes. Do you have to hire a lawyer? Pennsylvania
@moodberry2 жыл бұрын
Quick question. How much should setting up a living trust cost, including lawyers? Thanks.
@nicolesvacationsandcooking4963 жыл бұрын
I’m in the middle of probate in Nc. My father got sick from COPD and died and didn’t leave a will. I didn’t realize how what I would have to go through
@borostergirl60 Жыл бұрын
I'm in NC too. My father passed in '21. Before he passed he signed all of his land to my brother. He died without a will. Why would my brother need for me to sign a quitclaim deed for the land, especially if it was signed over to him? I don't understand.
@grandmajane2593 Жыл бұрын
@@borostergirl60 - he wants you to sign over whatever claim you might have on the land. Don't sign it, talk to someone (a lawyer, or legal aide).
@tavo79242 жыл бұрын
Greetings from California. Thank you for a clear explanation on estate planning. Great video.
@spikefivefivefive3 жыл бұрын
How do beneficiaries of the Trust know that the Trustee is distributing assets according to the Trust? What legal recourse do beneficiaries have against the Trustee if he fails to distribute the assets according to the Trust?
@jenniferg68183 жыл бұрын
by law, they need to sly this info on reqest. File a request for notice.
@texasnativelandscape6 ай бұрын
I like your easygoing personality seeing all sides very clearly explaining these things my dad left a notorized grant deed with a life estate and I recorded it after I found it in his safe and there still making me have a court order for the title if you were in California I’d hire you in a heartbeat
@jimyoung1443 жыл бұрын
I’m Louisiana , learned a couple things today thank you
@herminwilson51863 жыл бұрын
Kingston, Jamaica . I understand the processes and procedures, thanks for sharing.
@mixedandknot59113 жыл бұрын
Thank you for this educational video. We are a large family, my father left the only property he owned at the time of his death, a four-family house, on the Will naming the executrix, and all of his children's names on the Will. When the house is sold, the money will be divided equally among all of us. Everyone named in the Will knows this and agrees, and one sibling passed away, but his children's names are on the Will (these children live in another country). All taxes and expenses are paid for by the executrix (we all receive copies of everything she is doing). Do we still need to probate the Will? Is there anything else we should know and do before putting the house up for sale? Please get back to me as soon as you. Thanking you, in advance.
@Maryfran03 Жыл бұрын
I am from PA & the house trailer is in NJ - thank you for sharing these videos!
@Foodiechef12353 жыл бұрын
My brother died in December and probate was just signed off June 1. Omg! Costly and additional heartache
@RamSingh-xi1fm3 жыл бұрын
We have created a Family trust. Just checking with your video if we have missed any segment you mentioned. I am glad I found your Channel.
@deecobb90183 жыл бұрын
Such great info. Keep doing this!! Super valuable info.
@deborahschoenherr9873 Жыл бұрын
So many questions now even more. What happens to the living trust if in joint trust and one of us passes away? Do all the other beneficiaries and trustees stay the same, till i pss or my husband?
@lorettabrail78062 жыл бұрын
A revocable trust worked for my husband and I. He passed from cancer. He signed quick claim for our home. Within a trust is a will and a living trust. This is something to consider. I got out trust from a place that has the and paid 175 dollars for it. Everything needs to be signed by a notary. Anyway, it worked perfectly. I don’t know why this has to be so complicated.
@jackfrosty46742 жыл бұрын
Some people have twenty people waiting to get something and two million in assets. Causes lots of problems.
@candecarro Жыл бұрын
“Quit Claim.” Quick Claim?
@christinestrider64062 жыл бұрын
Excellent!! Living in Missouri. Thank you very much for imparting SOME your very helpful information… trite, but you are a wealth of knowledge. 🖖🏼
@Docinaplane2 жыл бұрын
I had to go through probate because I needed "A Letter of Appointment" as the executor of the estate, but because my dad did such a wonderful job with his will and trust, the amount in probate was very little. It was in Virginia, and I live in Florida. It was the only way I could open an estate account in Florida under my dad's name.
@qt5160 Жыл бұрын
Docinaplane, i’m in va n going through this process… any help would be appreciated :)
@Docinaplane Жыл бұрын
@@qt5160 You have my sympathies. Just follow the rules in the supplied paperwork they provide you.
@montoya1133310 ай бұрын
I’m new to this. Thank you for all the great information! Keep it coming please!
@jonibolland12783 жыл бұрын
Joni from Vallejo, CA. Thank you for sharing your legal knowledge.
@melissamayfield40392 жыл бұрын
Hi from Melissa in Cal. How easy is it to add additional property to existing trust?
@mariceldb29902 жыл бұрын
If one establishes a living trust (like POD or TOD) in New York and moves to another state, can that trust be valid wherever you’ll be?
@olgavalenzuela-yanes80663 жыл бұрын
What happens if the heir are fighting over property home but one heir has been paying along and the person that dies intended that heir to inherit the properly
@Gregarious33 жыл бұрын
Never take responsibility without legal interest. Told my Mom, she can live with me but. I will never pay her bills to live on her own.
@jackfrosty46742 жыл бұрын
The care giver is usually shafted, bankrupt, tired, poor health, no job and kicked out by other inheritors of property within two months. Remember the airline, put on your oxygen mask first. Well that is same when dealing with parents or other getting old and giving them help. Those people that do not help or kinda help will have their hand out quick wanting a large share or all of it. So if you want to be the caregiver first thing, protect yourself first. She said she was going to give you property for caring for her? Then while alive and at beginning take her to the lawyer and get her to add you to the deed and make it a ladybird deed or a deed on death. That way she will always have a home and you will get it when she passes. Promises do not count once they pass.
@jackfrosty46742 жыл бұрын
Next, never use own resources to pay her or his way, use their money to pay the electric, healthcare, gas, food, laundry. If they cannot afford it sell the house and bank the money and find them an apartment. Then use the extra for expenses. When have no more money for expenses and rent, actually about six months before it runs out start applying for medicaid for nursing home or look into care giver pay. Sometimes government will pay you to look after own parent. Do not end up homeless due to being a loving person.
@Oldmadman-z3s4 ай бұрын
Good morning you're the best, we tried this with a Plain English Estate Planner, and it avoid probate alright but cost 50% in litigation after he promised peace of mind, delivered mistakes, and refused to help.
@diannemarshall40783 жыл бұрын
Thank you so informative I'm setting up my Trust. Can you recommend a good Lawyer A proud New Yorker. Stay safe and thanks again.
@ginadavis84232 жыл бұрын
Hello from Texas… thanks so much for explaining a difficult situation.
@rosewolfe6144 жыл бұрын
oh my word my sisters (3) and I are trying to figure out what to do with my moms small farmette (6 acres). your video is perfect timing..my one sister and I are stable and in good marraiges and my other 2 are not so we want to put it in my sister and my name now before she is gone..we are going to take care of her..we where thinking of making some kind of business out of it..My other 2 sisters are ok with just our names on it...we just didn't know which way to go..we want it to be a gift type right now..thank you so much for the info
@americasestateplanninglawy19464 жыл бұрын
Good luck with the "farmette" RW!
@johnfarragher2523 жыл бұрын
Great idea, family business.....family banking
@jeanellis95753 жыл бұрын
I believe a gift so to speak is only $15,000 so that would only mean the property could be worth only $30,000........
@PatriciaSanchez-lm6tw2 жыл бұрын
Hello glad to hear u my situation is insane there's 3 sisters one had power of attorney dad passed then I was executor my sisters unplugged my dad and ran with everything insurances sold his house I couldn't even catch up to them they did everything without not once I never signed one paper then they bread crumbled me. I'm lost I even think this was fraud
@DebraGravelle3 жыл бұрын
Love your videos!! I have stock certificates from a past job there are not worth much now but could be. How do I add that to a Living Trust?
@danielclooney62482 жыл бұрын
Houston TX here......funny hearing your use our Lt Gov in your scenarios. This video makes so much sense and easier to understand wills vs trusts. You must be certified in Texas doing his legal stuff.
@paulastone42973 жыл бұрын
From KY, love this info, thanks so much for sharing and doing this
@ttigeritsgreat3 ай бұрын
Your kind of every where and nowhere try to keep a chain of thought process it more helpful. Thank you.
@traceysweeney69653 жыл бұрын
If someone passes with a trust but doesn't stay in touch with family how does the family get notified? If you know your parents set up a trust but don't know who to contact after they pass.
@anitaparks89453 жыл бұрын
Seems that folks like that ought to be left out of the trust anyway.
@jackfrosty46742 жыл бұрын
maybe call local attorneys in area.
@mortalstorm2 жыл бұрын
If you are a named beneficiary of your parents estate, you should have received annual statements from the trustee.