Four Ways to Pass Property at Death Part 4 Trust

[@antoniosanchez1661]

I loved the way you explained easy and understandable why we should have a living trust and the pros and cons. Thank you

[@CecilJRhodes]

Hi, as a Brit I have been thinking lately of setting up a living Trust for my children. I have always avoided watching US content as the I assumed it would be irrelevant here. Surprisingly not so, way back in time I would assume your country must have adopted our system as the jargon and processes seem to be the same as ours here in the UK. Very interesting explanation. Thank you I am now convinced to proceed to the tenants in common and set up a living trust.

[@TheVerengena]

Explanation is awesome. Thank you

[@ivanchacon5689]

Great explanation.

[@nidasalvador9705]

Thank u

[@Blurple143]

Do you have a video on Community Property with Rights of Survivorship? Compared to JTWRS?

[@ashcraftfirm3553]

No, but I should. Married couples should typically take the property as community property because it’s typically better for capital gains taxes. Naming a property in trust is even better though.

[@Jenuin]

My father (common law) recently did a will. Jan 21 he had a joint tenancy and he died feb 12…. I am the executor and poa but my sister has taken over everything

[@ashcraftfirm3553]

A lot of the phrases you are using don’t quite make sense out of context. Common law is something that refers to a way couples that are unmarried sometimes hold property. Title trumps your will. A joint tenancy title typically goes to the joint tenant owner. A POA relationship terminates when someone dies so the POA won’t have any affect.

[@ashcraftfirm3553]

If you are in CA, we may be able to help. If you are in a different state, I would recommend contacting an attorney.

[@Jenuin]

@@ashcraftfirm3553 I have. Vanular Law. And 14 others.

[@Jenuin]

@@ashcraftfirm3553 I’m in Ontario so if you know anyone close to or around Toronto I’m interested.

[@ashcraftfirm3553]

Sorry, can’t help you with anyone in that area.