ESTATE PLANNING Basics: How To Avoid PROBATE And Why You Need One

In this video, Clint Coons, Esq. will discuss what an estate plan is and how you can keep your assets preserved by avoiding probate.
If you're wondering what you need to do to protect your assets in the event of your death, or if you just want to make sure your loved ones are taken care of after you're gone, then this video is for you. By understanding the basics of estate planning, you can avoid probate and save money in the process.
An estate plan is a legal document that helps you protect your assets after you die. It can help your loved ones avoid probate and estate taxes, as well as protect your assets from unauthorized access. It's important to discuss an estate plan with an estate planning attorney to make sure your wishes are properly protected.
Be sure to check out 8 Common Estate Planning Mistakes Real Estate Investors Make
• 8 Common Estate Planni...
We'll discuss everything you need to know about estate planning, and how to put together a plan that will work best for you and your family.
0:00 Intro
2:58 Keeping your family protected
4:00 Ensure beneficiaries are taken care of
5:08 Living Trust
7:37 Planning now
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FREE TAX & ASSET PROTECTION WORKSHOP
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FINANCIAL PLANNING & RESOURCES
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Here’s a little about me and my book Asset Protection for Real Estate Investors
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ABOUT CLINT COONS
Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#estateplanning #livingtrust #estateplan

[@courtneyreid4757]

This is good life advice in my opinion.👍🏼 And bc the fundamentals of not only what to do but how to think are being represented. I Love listening to Clint✨️...and bc he has prepared me so that I can see and safely venture into what lies ahead. And I am really appreciative for the amount and the depth of advice that he has given. It's REALLY open my eyes, and it just wouldn't feel right if I didn't say #thankyou every now and then.

[@ClintCoons]

Thanks for the support

[@knoxlowe1]

You don't need an estate plan unless you have huge or complicated assets. Don't spend $5k to $10k on a living trust. For the typical person, a will and a power of attorney is all you need. Probate is not your enemy. If you want the executor to make an early distribution while waiting a few months for probate to finalize, just present a letter at the beginning of the court proceedings requesting that the judge allow the partial distribution. Talk to your attorney about this. Some states don't even require this step. Just be careful to not distribute too much so that the estate's liabilities can not be settled. I'm not an attorney and this is not professional advise. But, I've been through probate before and it's not too bad.

[@presidualist4587]

Can you do a run through of the basics of investing into realestate and the fundamentals of making a llc?

[@ClintCoons]

I will add it to the list.

[@bobjohnson1737]

Clint, can you do a video on how to protect cryto assets such as bitcoin and pass them onto the next generation?