Black Wealth Lost in Probate, Tax Sales & Improper Planning! Estate Planning Questions Answered

Do you know what will happen to your parents and grandparents real estate when they pass away without a will of a trust?
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🟦Attorney Barlay - Estate and Closing Attorney
Thua G. Barlay - Lueder, Larkin & Hunter LLC
861 Commerce Drive SW, Suite 200, Conyers, Georgia 30094
Telephone: [phone]
[e-mail]
www.luederlaw.com/practice-ar...
🔴Additional Videos with Attorney Barlay
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[@carolweller8911]

When my father passed i administered his estate myself. I found the proper forms online, completed them and started the probate process myself. I outlined all his assets and ɓills on the propert forms. The judge named me as executor. My siblings did not object. I sold my dads house to my sister. Sold his car to my 2nd cousin and gave the proceeds to my sister as she lived in the same state as my dad and helped a lot with his care. I filed the tax returns. The estate was closed out successfully. I wouldnt recommend this for everyone but for my dads estate it was perfect.

[@ShaheedahHill]

So happy is worked out well for you and your family. This is ideal. @carolweller8911 Thanks for watching and sharing

[@carolweller8911]

It also saved on attorneys fees.

[@Just2gofoods]

Thanks so much for this info! I am executor of my mothers estate. She is elderly and is still with us. She sent me her Trust documentation and want to be prepared.

[@BrooklynHomes.Lifestyle]

You did a wonderful job and your father would be very proud of you. More families should do their planning the way you and your family did. We wouldn't be in such a crisis situation now. Much blessings to you and your family.

[@msmhamilton87]

My mother's husband had me in probate court for a couple of years. My mother did have a will in place. I've learned so much about this process. The will is public and useless, and the trust is the golden ticket💞💞..

[@ShaheedahHill]

I'm sorry he put you through that, but this post alone may help a lot of people. If you can avoid probate court - Do it! With a will it can be contested and if you have to pay lawyers to fight it, it can be costly and who is paying the bills in the meantime? @msmhamilton87 Thanks for watching and sharing

[@elfowlkes]

I am so glad you are covering this. Black folks need to do more estate planning. This is so needed.

[@margaretmitchell3756]

do you know someone in ohio

[@ShaheedahHill]

@elfowlkes Thank you for watching

[@TaWandaJoyner]

I'm watching this on 03/03/2024 and it is Fabulous!!! Keep up the Great Work!!!✨️🤗🙏💐🦋

[@ShaheedahHill]

Wonderful, thank you so much!

[@TaWandaJoyner]

@@ShaheedahHill You're welcome.🦋

[@crazycatlady312]

My grandmother kept taking out mortgages on her once paid off 18k home that my grandfather bought her in the 1960s. One of those mortgages was a variable rate mortgage that totally screwed her & had her mortgage up to $1200 smh. She passed in 2008 during the housing crisis and her home has been vacant ever since. It now has a 45k delinquent tax bill so I gave up on trying to get it back. Sorry grandpa.

[@ShaheedahHill]

@crazycatlady312 Thanks for watching and sharing

[@DRventura333]

sorry to read this. are you at all able to work with that tax office to make small monthly payments until tax paid off? am sure your grandfather went through so much during his time to acquire the property and land; let alone all the personal items of your grandparents left on property.

[@msmhamilton87]

I'm sorry to hear this. Find an investor and try to get that house and turn a profit from it. Don't give up yet💞💞...

[@Standingforrighteousness]

You are not personally liable, we have been deceived and bamboozled. We are living souls in control of our fiction which is our capitalized name. Every body that's sending you a so called bill is paying you for using your credit. It's deep can't say it all on here but look it up and do your research so you can take back control of your legacy and Beneficiary executor status

[@u.lisawilliams9600]

I agree with @msmhamiltom87-calculate in the value of the home-see if the value out-ways the lien bill-also if profitable to an investor-try to be open to “creative financing”-do not give up exhaust all possibilities…I often run into these situations as a buyer and acquisition manager-opportunity is could be a potential for one of us buyers😊 again please explore all possibilities…

[@reginaldthomas1038]

I live in Savannah Ga. I have an attorney but his secretary answers all questions for him. I going to make Appointment to see Attorney Barley. He explains his knowledge very Well. Thanks Mrs Hill.

[@ShaheedahHill]

Yes, he is awesome!! @reginaldthomas1038 Thank you for watching

[@veebee6276]

What about power of attorney?

[@DRventura333]

This topic is so CRITICAL for the people of Color more than anyone else. Yes, preparing a Family Trust (multiple flavors) is expensive initially (pay once up front) BUT it will save you more than if you go into Probate. Just have a very trustable and money conscious person to be your backup Trustee. Probate is expensive, time consuming and stressful (probate fee, court fees, bond, appraisal, infighting, etc). Just put some money away each week and at end of one year, create your Revocable Living Trust. A Will is fine but you still will have to do Probate. If you can do a Trust now, DO it with a reputable Estate lawyer. Depending where you live, as all Lawyers charge differently, if you are able to save $50 - $100 a week, for one year, you can afford a Trust. Thank you for the program.

[@ShaheedahHill]

Thank so much for sharing and for the plan of saving for the trust!

[@themrsbradleyexperience]

Yess! Let’s talk about it. I’m an agent in PA! As a former paralegal, one of my specialties is probate. We desperately need to have this conversation.

[@ShaheedahHill]

@themrsbradleyexperience Thank you for watching

[@alexiss8835]

Contact

[@DRventura333]

I like that analogy "a Trust is your alter ego." Spot on. And your secondary Trustee should be your alter ego twin. Good point also, make sure the Attorney gives you the ORIGINALLY signed Will or Trust, also make sure you read the Trust and you are named as the Trustee not the lawyer or some other person you did not designate.

[@BarlayEstatePlanning]

Thank you! I'm glad those descriptions were helpful. I agree that the trustee should read the trust since they will be in the position to have to execute its provisions.

[@ShaheedahHill]

@DRventura333 Thank you for watching

[@danieltrammell1916]

Making yourself as the Trustee of your Trust will not protect you for Medicaid or litigation only Probate. Trustee should not be the Settlor or any Family Member. The trust must have its own EIN Number. Paying only $1500, I bet your trust is only good for probate.

[@BrooklynHomes.Lifestyle]

That was very smart for you and your brother. As in many cases, the lawyers end up with most the money from the estate. Another thing we should remember is that we do not have to pay our parents debt when they pass.... period!

[@ShaheedahHill]

@BrooklynHomes.Lifestyle Thank you for watching

[@LM-pb2wp]

Ms. Shaheedah thank you so much for all you do. It brings tears to my eyes thinking about how much your channel helps me. I wish I could have caught the live. My grandmother and I completed a transfer of deed upon her death and I have so many questions about Medicaide and taxes. But it was helpful to hear about the elderly attotney option so I will try an find one for a consultation. ❤❤❤ God bless you and your family!

[@ShaheedahHill]

I am so happy to hear this, thank you so much for watching and for the feedback.

[@kpillette1]

Thanks! Happy Black History…you are appreciated ❤

[@ShaheedahHill]

Thank you as always for the super thanks!!!

[@JJ-jn7ei]

I cant thank you enough for doing this interview!

[@ShaheedahHill]

Thank you so much for watching, we appreciate you!

[@MaLiArtworks186]

Pour Over Will is used with a Trust.

[@colethalaw1069]

The attorney addressed many important questions . Probate is different for many reasons.😮

[@ShaheedahHill]

Thanks for watching

[@BarlayEstatePlanning]

I'm glad you found the video (and the points) helpful. Thank you

[@jaymorgan.]

We didn’t have a Will either when my mother passed and a lawsuit was pending so the settlement ended up in probate court and I was the executor of the estate. You can’t have felony and creditors came rolling in and Medicare. Medicare got their cut. Creditors tried but they were too late as the money was being set to be released. I split the settlement equally. No disputes or fighting in my case like the many other stories I’ve heard and witnessed from other families.

[@ShaheedahHill]

Thank you for sharing and I am happy that is worked out so well for your family.

[@doragipson689]

In Spartanburg SC Husband and I just updated our will and trust. Thanks for the information

[@ShaheedahHill]

Wonderful, thank you for watching.

[@joyceabe1]

Thanks . Good education on Trust / Will . 👍

[@ShaheedahHill]

@joyceabe1 Thank you for watching

[@PYTU]

Yes definitely going to have to interview trustee's

[@ShaheedahHill]

Yes😊

[@ramonabear00]

This is so informative, thank you

[@ShaheedahHill]

You're so welcome! @ramonabear00 Thank you for watching

[@BarlayEstatePlanning]

You're welcome. Thank you for watching.

[@brandysmith748]

This was so informative. Thank-you for providing this knowledge. This was so helpful!

[@ShaheedahHill]

@brandysmith748 Thank you for watching

[@mickeyyoung472]

I missed this live😢😢😢. I really need this information😢😢

[@ShaheedahHill]

Sorry you missed the live, I have 2 other videos that I did with the attorney. If you watch all 3, I am sure you can get the majority of you questions answered. 🔴Additional Videos with Attorney Barlay ▶️kzbin.info_28V18alVQQ?feature=share ▶️kzbin.info3E5x1jWOMmA?feature=share

[@mickeyyoung472]

@@ShaheedahHill thank you

[@Mac-uu6gk]

I think that it's sad and sickening that the states are capable of taking any item or money from children of the parent or spouse after passed. Look what Michael Jackson mom had to go threw. This is just sickening

[@ShaheedahHill]

@Mac-uu6gk Thank you for watching

[@keithbailey7535]

Bingo its all another devilish scam

[@BrooklynHomes.Lifestyle]

They obviously did not have the affairs set up correctly!

[@myandersonangelsjalynnlail252]

Thank you for sharing! I sent this video to my family. Best,

[@ShaheedahHill]

@myandersonangelsjalynnlail252 Thanks for watching and sharing

[@Sheneededherown]

Excellent information, thank you for taking the time to give us such precious gems. Great questions were asked, and I really appreciate the answers that were given.

[@ShaheedahHill]

@Sheneededherown Thank you for watching

[@tashad2201]

So glad to see this talked about. I try to get through to some family but they don't always listen. Currently having my kids (adults) at least do POA for health and hopefully finances so if anything happens someone can act on their behalf. Make sure you fully trust the person you choose. Fully Trust!!!! And can i just add stop taking word from people who don't work in that field or using a friend of a friend that knew somebody as their example of what they think should happen. It's a very case by case basis cuz we all have different circumstances. Last one...The price. yeah when she said $1500 I was shocked cuz i thought that was extremely low, paid that for a Will. I was quoted 4000-8000 so I agree with Attorney Barlay. You get what you pay for.

[@ShaheedahHill]

Thanks for sharing. Yes it was between 1500-2000 that is really low but I did get mine 6 years ago 2 adults, two minor children so not super complicated and estate attorney I used had a sale at the end of the year. Her regular price was around double that so I jumped on it.

[@BrooklynHomes.Lifestyle]

Smart!

[@Marie34694]

This was phenomenal ! Thank you both !

[@ShaheedahHill]

Our pleasure!

[@BarlayEstatePlanning]

You're welcome!

[@fmoon8318]

Excellent information. Thank you!

[@ShaheedahHill]

@fmoon8318 Thank you for watching

[@MiskimVeniceJohnson]

Thank you, very good informative.

[@ShaheedahHill]

You are welcome!

[@fwilliams5644]

Excellent presentation! Thank you for sharing and providing easy to understand examples.

[@BarlayEstatePlanning]

You're welcome! I'm glad you found the examples helpful.

[@ShaheedahHill]

@fwilliams5644 Thank you for watching

[@user-rd1qy7ku9i]

Thank you for this learning experience ❤

[@ShaheedahHill]

@user-rd1qy7ku9i Thank you for watching

[@autobotdiva9268]

before grama died, i told my brothers or somebody to get a transfer of deed so we can use the house as a low level respite care place....the baby boomers said we dont know what we talking about and now the city owns the house due to taxes not paid....TADAH!!!

[@ShaheedahHill]

Wow, sorry to hear that but thank you for sharing.

[@BarlayEstatePlanning]

That is unfortunate.

[@couldubeloved1]

This happens way too often!!

[@jarvisaddison8560]

There is a low level contempt for the kids and grandkids that we rarely talk about. They didn't want you nor kids if you have any, to get something for nothing in their minds.

[@autobotdiva9268]

@@jarvisaddison8560 all the time. Gen X wasnt supposed to be more savvy than boomers. I guess the boomers won?!😂

[@gloriamitchell3518]

Thank you for presenting this information.

[@ShaheedahHill]

@gloriamitchell3518 Thank you for watching

[@DianaPrinceitiswhatitis]

Extremely helpful. I’m getting my living trust together soon. Greetings from Cali!❤❤❤

[@ShaheedahHill]

Wonderful!

[@Grace285]

Wonderful! Thank you

[@ShaheedahHill]

@Grace285 Thank you for watching

[@MaLiArtworks186]

We are having difficulty with family members who says they are the trustees but won't give my sisters and me a copy of the Trust. They even turned off home phone and cell phone so we could not contact our step mother. She died in November 2023, we were not told until April 2024 that she passed. Now they are violating the rules of any trust! I have secured a lawyer but they are ignoring his request on my behalf. The originating trust attorney is deceased also. What can we do at this point?

[@ShaheedahHill]

You will likey have to file a petition with the court to contest the trust, but it sounds like you need a lawyers ASAP. @MaLiArtworks186 Thank you for watching

[@alisonthompson4346]

A great episode! This information is solely needed.

[@ShaheedahHill]

@alisonthompson4346 Thank you for watching

[@vivianlandrum8507]

Thank you for sharing.

[@ShaheedahHill]

@vivianlandrum8507 Thank you for watching

[@allthingsrita2307]

This conversation is good and informational. Thank You

[@BarlayEstatePlanning]

Glad you found it helpful. Thank you,

[@ShaheedahHill]

@allthingsrita2307 Thank you for watching

[@alanalin129425]

Excellent Discussion!

[@ShaheedahHill]

@alanalin129425 Thank you for watching

[@allegrawillis7031]

Just saw this channel. I really enjoyed the content and knowledge of the attorney.

[@BarlayEstatePlanning]

Thank you!

[@ShaheedahHill]

@allegrawillis7031 Thank you for watching

[@verneledwards4032]

Thank you for this video. Thanks to the both of you.

[@ShaheedahHill]

Thanks for watching!

[@BarlayEstatePlanning]

You're welcome!

[@gilroylino8757]

Great info. I hv a Trust. This is my first time on your channel. I hv subscribed and I hv forwarded this podcast to family and friends

[@ShaheedahHill]

Awesome! Thank you

[@yolandamccalla680]

Excellent and informative video, shared with family members!

[@ShaheedahHill]

Thank you for sharing!!

[@marcygriffin7822]

Awesome 😎 information 😊😊😊

[@ShaheedahHill]

@marcygriffin7822 Thank you for watching

[@kitavick809]

Great show!

[@ShaheedahHill]

@kitavick809 Thank you for watching

[@valenciawilliams6489]

Thank you

[@ShaheedahHill]

@valenciawilliams6489 Thank you for watching

[@MaLiArtworks186]

How do we find out who was the trust attorney?

[@go_off_Sis]

thanks

[@gilbertjean-louis4826]

Million dollars informations thanks a lot!

[@ShaheedahHill]

Glad it was helpful!

[@BarlayEstatePlanning]

Thank you!

[@emmittrichardsonjr1860]

Very informative.

[@ShaheedahHill]

@emmittrichardsonjr1860 Thank you for watching

[@deedeechant9792]

Great information. But it really sounds like maintaining the trust is costly over time.

[@ShaheedahHill]

At this point, I have never had to revise mine, but if you have life changes, death, divorce, etc, you would have to seek an attorney to revise it. However, as you get new assets you can add it to the trust yourself. @deedeechant9792 Thank you for watching

[@user-pd1sh1pv7g]

Creepy picture for the content. Valuable info. Thanks !

[@ShaheedahHill]

😊This is my 3rd video on estate planning, my 2 other thumbnails were really simple, this video is the one so far that has the most views. Sometimes you have to get people's attention, so they can watch the content. @user-pd1sh1pv7g Thank you for watching

[@naturegirlbb100]

Thank you very much for sharing this valuable information.Please can the trust be amended in the future?. Thank you.

[@ShaheedahHill]

Yes, it can...somebody does ask that toward the end.

[@BarlayEstatePlanning]

You're welcome! Yes, a revocable trust may always be amended to address any changes in your life and plan.

[@teacell8674]

What if you don't have a place of residence yet... If you are living with family and waiting to move to a new state but just don't know yet ... What state do you hold the trust?

[@ShaheedahHill]

You create the trust in the state you currently live in but you can transfer it. Please consult an attorney to be sure.

[@BarlayEstatePlanning]

Yes, I would start by creating a trust in your state of residence. A trust is a form of contract and will be active even when you move states. However, I would always recommend seeking out an estate planning attorney when you move to ensure that all parts of your estate plan (the other ancillary documents) are compliant with your new state. Thank you

[@ogi197]

Awesome content @Ms. Shaheedah..will our people view and take action???

[@ShaheedahHill]

I'm not sure if we all will, but generally speaking when people know better they do better, so education is the first step. If you watch the 2 other videos I did with Attorney Barlay he talks about his dad dying without a will, and his son is an estate attorney! People overall do not want to talk about death and that is part of the problem as well. @ogi197 Thank you for watching

[@lilpetec6803]

I agree with estate planning. But the individuals in the family don't agree. It’s difficult to appoint persons to operate the trust. What do I do to clarify that?

[@ShaheedahHill]

You really can only estate plan for your own affairs, with the hopes that sharing your experience with your family members will encourage them to do the same. In an earlier video that I did with attorney Barlay, he talks about his own dad not having a will. The links to thos videos are in the description of this video, it is really eye opening. @lilpetec6803 Thank you for watching

[@BarlayEstatePlanning]

It should not difficult appoint persons to operate a trust. It is the same main responsibilities as an executor. I always suggest looking to family and friends first and if not then to professional trustees (accountants, attorneys, banks, etc...). The main focus is to find someone competent. We try to write our trusts without using too much legal language, so a non-lawyer should be able to read the trust and follow the instructions. The trustee should also be capable enough to understand that they can hire professionals (attorneys, accountants, real estate agents, etc...) to help them handle their duties under the terms of the trust. Thanks,

[@Happey67]

My mom has alwlays told me that there is a will. My selfish greedy, sister went to the same lawyer that mom told me about. The lawyer sided up with her to say, there is no will. I asked the lawyer, how did my sister know to come to you, next to the fire station, my sister liveds in another state. The lawyer said, I don't know. The estate is divided up evenly, but there were accounts which was over 150,000 all taken by that wicked, evil, selfish sister.

[@ShaheedahHill]

@Happey67 Thank you for watching

[@ShaheedahHill]

@Happey67 Thanks for watching and sharing

[@DRventura333]

Mr. Barlay that idea for a Learning Estate foundation creation, after you retire, on helping people keep property in the family is outstanding. Please do that sooner than later as too many people of color are losing their land and legacy due to lack if information provided to them or at least the importance of keeping the family wealth for generations.

[@ShaheedahHill]

YES - My family has land in South GA and I was thinking the same thing😊

[@joy2come119]

This has always been confusing to me. If i have a beneficiary listed for my bank accounts, retirement accounts and my brokerage account would I still need to put it in a trust or will?

[@ShaheedahHill]

Typically yes for your other assests you may have. But it is worth a consultation with an estate attorney just to be sure.

[@ronbeeman4557]

New sub🗣🔥🔥🔥

[@ShaheedahHill]

@ronbeeman4557 Thank you for watching and welcome to the channel

[@valenciawilliams6489]

? My condo will be ready in April it’s new development in Tennessee. I have 2 children 26 and 30. I’m paying cash. What do I need to do to leave it to my children? I do want them to have the same amount and I have a vehicle that’s paid for it’s a 2023 how can I leave it to both? Thank you

[@marriejames01]

Listen to 8:53 and you’ll find the answer

[@ShaheedahHill]

Thanks so much!

[@paulatracy1802]

My sister sadly just passed away. She has me on her federal 401k to receive half $$ sharing with her husband. How do I handle making sure this is honored ?

[@ShaheedahHill]

I'm so sorry to hear this🙏🏽. If you are listed as her beneficiary what typically will happen is they will contact you after her passing. I would call the human resources department of her company and see who you need to contact to collect her 401K.

[@i_am_unique1344]

Question: My cousin passed away maybe 6 months ago. He didn't have any family where he lived and I'm not sure what happened to his house, car and other belongings. He didn't even have an obituary. Is there anything i can do?

[@ShaheedahHill]

You can try to contact the probate court in his city or county and see what you can do if nobody came forward to take over his estate. @i_am_unique1344 Thank you for watching

[@i_am_unique1344]

@@ShaheedahHill Thank you for your response.

[@jeansadler8305]

Can one sibling deed themself lands to themself without other sibling knowing.😅

[@ShaheedahHill]

The owner of the property can deed the property to anyone and they in most states do not have to have the person accept or sign anything. But you cannot legally take property that you do not own and deed it to yourself. @jeansadler8305 Thank you for watching

[@yvette3831]

Just moved into a house in black neighborhood due to not paying taxes less than $1k…

[@ShaheedahHill]

Its crazy but it does happen.

[@marilynh5487]

My mom just passed away 😢 Feb 12 2024.

[@diane9073]

So sorry, that’s a hard loss…it was for me..

[@ShaheedahHill]

I am so sorry for your loss. If you are going through the probate process, I recommend Wanda's channel. She is awesome - www.youtube.com/@wandaprobaterealtor/streams

[@BarlayEstatePlanning]

So sorry to hear this. My condolences to you and your family.

[@SammiFidel-so5tx]

Sorry everyone is having trouble finding difficult time

[@marilynh5487]

Florida has a lady bird Deed.

[@robertdoss871]

Great video guys, I’m in the process of becoming a representative of my father‘s estate. I’d like to do it myself to avoid the fees. He has a camp Lejeune case going on no assets except for SUV I believe I could just go to the court myself and file for emergencyadministrative petition I do plan on open up and trust and also will as soon as it’s feasible financially let me know if my information is incorrect and what I plan to do please please

[@ShaheedahHill]

There might be some lower cost estate options for Veterans. Contact the VA to see if they have something in place to help with this. www.benefits.va.gov/insurance/bfcs.asp

[@BarlayEstatePlanning]

Thank you for watching. Sorry for your loss. There are many situations where non-lawyers can handle the probate process themselves. Just be sure to know when to seek out legal advice to protect your father's estate.

[@shirleystephensrealtor]

Who should have a trust?

[@ShaheedahHill]

So your family will not have to go through the process of going to court after you pass, they can just begin the execute what is in your trust. Trusts are more expensive though, so if money is an issue a will is definitely better that not having anything. @shirleystephensrealtor Thank you for watching

[@BarlayEstatePlanning]

Great question. Almost everyone should have one, however, as Shaheedah mentioned they are more expensive than wills. In my opinion, persons who own businesses, have different real estate properties and/or properties in different states, should definitely have trusts.

[@ebonywatson2177]

❤❤❤THANK YOU QU€€N & KING

[@ShaheedahHill]

@ebonywatson2177 Thank you for watching

[@deloresmcclinton8331]

What other vehicle you could put your money to hide it if you don't have will or trust.

[@ShaheedahHill]

I think lawyers prefer the word "shelter" than hide😊 but, there are several options. I think he talked about a few toward the end of this live. But you should speak to an estate attorney, even if just a few hundred dollars for a consultation. They can give you some alternatives.

[@YOUR-WORD-IS-YOUR-BOND]

It wasn't lost... it was stolen!

[@ShaheedahHill]

What we own currently, we are at ask risk of losing. Has black wealth been stolen, yes absolutely. @YOUR-WORD-IS-YOUR-BOND Thank you for watching

[@YOUR-WORD-IS-YOUR-BOND]

I'm watching it now... Great information!

[@CornellRX]

Do you think AI will be used as a Trustee in the future?

[@ShaheedahHill]

Great question, maybe?

[@BarlayEstatePlanning]

Great question. I don't think this will happen any time in the near future. However, AI may be used as a supplement to better able "human" trustees handle estates and their responsibilities.

[@viviansimmons3538]

How to do a trust

[@ShaheedahHill]

You can have an estate attorney do one for you. I am sure there is an option to do one on your own. Please can begin your research, with looking for information about how to create a trust in your state.

[@bettyjones973]

I have a deed of trust, can I transfer to a Trust? I cannot get this answer anywhere.

[@ShaheedahHill]

I am not sure, but the attorney has been coming on periodically and answering some of the comments. You also can email him. @bettyjones973 Thank you for watching

[@bettyjones973]

Thank you. I called mortgage company and they told me what to do.

[@valenciawilliams6489]

I would like a referral if you know someone in Tennessee. 😊Thank you

[@ShaheedahHill]

All of the attorney information is in the description of this video. Thank you!

[@loumcmanus2821]

How to give my rental house to one of 3 children?

[@ShaheedahHill]

You would have to get a will or a trust to make sure that happens. Perhaps the other way that is discussed in this video is to deed it to that one child now, but there may be some taxes incured that you did not anticipate. Speak to a tax professional and a lawyer before you do that. Somebody asked this specific question during the live. @loumcmanus2821 Thank you for watching

[@yvette3831]

What about survivor rights done in the closing?

[@ShaheedahHill]

You can typically do this at closing but please consult with an attorney.

[@user-jc7cz2ek4z]

This is all too confusing.. Let me stick with my local State. I don't trust anything out of Atlanta, GA

[@ShaheedahHill]

Thanks for watching and best of luck. I'll ignore the Atlanta comment😂

[@robbiegilmore4878]

Address of the office,and L.A

[@ShaheedahHill]

🟦Attorney Barlay - Estate and Closing Attorney Thua G. Barlay - Lueder, Larkin & Hunter LLC 861 Commerce Drive SW, Suite 200, Conyers, Georgia 30094 Telephone: [phone] [e-mail] www.luederlaw.com/practice-areas/wills-and-trusts/ 🔴Additional Videos with Attorney Barlay ▶️kzbin.info_28V18alVQQ?feature=share ▶️kzbin.info3E5x1jWOMmA?feature=share

[@anthonycoote9546]

Never put insurance proceeds in trust, unless its for children. Neither put insurance proceeds as part of will since it's taxed. Keep insurance proceeds tax free for beneficiaries so they have cash to address unforseen tax issues, cash flow to buy a house, or for personal legal bills. Putting everything in trust, where trustees can cause problems isn't the best strategy

[@ShaheedahHill]

@anthonycoote9546 Thanks for watching and sharing

[@deloresmcclinton8331]

Y brother passed away he didn't have will.

[@ShaheedahHill]

I am sorry for your loss @deloresmcclinton8331 Thank you for watching

[@BarlayEstatePlanning]

Sorry to hear this. It does definitely make things a little harder.

[@roberthboyd6073]

This is a problem

[@ShaheedahHill]

@roberthboyd6073 Thank you for watching

[@loveminxxx]

Why is this titled "Black Wealth" lost ? This doesn't happen to white people and other races as well?

[@ShaheedahHill]

Good questions. The answer is yes, it does happen to other races as well. Why was the video titled "Black Weath Lost" There are 3 main reasons this livestream was focused on black Americans #1-Black Amercian's have the lowest net worth of all major ethnic groups in America, lower income black Americans have a net worth of just $2700 and the average net worth of black Americans is projected to reach zero by 2053. It is critical that estate planning education offered to the black community to secure the very modest wealth they have accumulated. 2. Only around 23-24% of black Americans have a will in place. 3. This was part of black history month 4-part livestream series in Feb 2024. All that said the information shared is valuable to everyone. Here is some more data you may find interesting about wealth in America: www.pewresearch.org/race-ethnicity/2023/12/04/how-wealth-and-wealth-gaps-vary-by-income @loveminxxx Thank you for watching

[@thebizness6116]

Most black wealth is being allotted to the state and the Asian community by way of child support and Beauty products

[@ShaheedahHill]

@thebizness6116 Thank you for watching

[@Polostar79]

One is completely avoidable.