Funding a Revocable Trust? DON"T DO THIS or you wasted your time and money

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Cortes Law Firm

Cortes Law Firm

Күн бұрын

Funding a Revocable Trust? DON"T DO THIS or you wasted your time and money. If you have a revocable trust, then make certain to fund revocable trust. Notthing is worse than a probate because of failing to fund a revocable trust.
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0:00 Start
0:07 Revocable Living Trust
1:14 Vital to your Estate Plan
1:38 Probate Assets
2:55 Transferring real estate into trust
5:11 Probate assets must be probated
• Funding a Revocable Tr...
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Пікірлер: 20
@javonne2561
@javonne2561 2 ай бұрын
I enjoy how clearly you speak and explain things
@CortesLawFirm
@CortesLawFirm 2 ай бұрын
Thanks for watching. corteslawfirm.com/bethany-oklahoma-probate-lawyer/
@smolville
@smolville Жыл бұрын
What the trust company will do is be really nice to the matriarch of the family and visit her. Than when she is on pain meds, they will offer to give control to a local college and the heirs get a pathetic payment plus they have to pay taxes on it.
@robskully3539
@robskully3539 2 жыл бұрын
We have a revocable trust and I asked the Law firm that did it about the motor vehicles we have. They said the way ours is worded that that was no reason to have them retitled to our Living Trust here in Massachusetts.
@doncarlos7329
@doncarlos7329 2 жыл бұрын
I heard it varies from state to state.
@ljrockstar69
@ljrockstar69 3 ай бұрын
I didn't know Jo Koy was an attorney, good job!
@phyllissnook
@phyllissnook Жыл бұрын
I must say that your video is Excellent! I have been racking my brain with my Estate Planning and now I know exactly what I want to do for my sister. Your explanations are very easy to understand; you are straight forward and speak slowly enough for everyone! I cannot thank you enough'!!
@JudgeCommitee-ck5wq
@JudgeCommitee-ck5wq 3 ай бұрын
Estate planners install easy to forge documents get a Traditional Lawyer who installs service.
@ArlieB7
@ArlieB7 Жыл бұрын
What the heck happened to Sandra Smith? She got ripped off. 😅 Good video. Easy to understand.
@jeffcarpenter6306
@jeffcarpenter6306 Жыл бұрын
Excellent video. If you own the house out right do you have a title of the house?
@dman10000000
@dman10000000 2 жыл бұрын
Hello, thanks for the information... really appreciate it...is it possible to transfer assets to your living trust by assignment and not change the actual title?...I'm have a personal residence and a couple of LLC's with rental properties and brokerage accounts in them...
@avpr1c
@avpr1c Жыл бұрын
How should we handle expensive jewellery like watches?
@kaltrex9465
@kaltrex9465 Жыл бұрын
Would a basic living will reduce those fees you mentioned and ensure nothing gets lost, even if you write bank accounts etc?
@cbbcbb6803
@cbbcbb6803 2 жыл бұрын
Where do you find the title to something? I know how to get a copy of a car title, but what about everything else?
@WilChu
@WilChu 2 жыл бұрын
If I'm purchasing a house to live in, can I have it put directly into my trust at the time of purchase? Or do I have to first title it under my name and then do a warranty deed from me to my revocable living trust?
@CortesLawFirm
@CortesLawFirm 2 жыл бұрын
Thanks for watching. Please consult with an estate planning attorney in your jurisdiction.
@easyday808
@easyday808 Жыл бұрын
great video - could have been shorter.
@boatsie
@boatsie 2 жыл бұрын
What about if the attorney tells you to name the trust as the 2nd beneficiary on your assets (after your living spouse)?
@jayfishman7694
@jayfishman7694 11 ай бұрын
If you’re concerned about privacy I understand the recommendation is that you don’t use your names in the name of the trust. Come up with something else. Leave your name out of it.
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