Except that they won't teach the kids about how the bank fees the trusts down to nothing. My ex business partner's grandfather worked in finance in NY and put $50, 000,000 in a trust. 10 years after he died there was less than about $900,000 left. My opinion is "Never give banks or anyone control of your money or any other assets. If you need to, get yourself educated and manage your own assets, so you won't risk meeting a bad actor.
I wanted to ask you as a living TRUST was me and brother. My Dad did the living will. Dad deeced and my mother was sick. at the time I was living at home. Well my cousin live with mom and me and her 3 kids. We didn't get along at all. Well cousin kelp pushing my about changing the will my mother want to live as the way my Father did it. Well after mother told me to leave because of my cousin. Didn't know mom was dieing . Mom die at home like my Father did. Well after mom pass cousin change everything took off our name and she made a quit claim to a gift put property in her name got my heir didn't event get my share cousin didn't event tell me. Mom didn't have a lawyer at the time of her pass. So I see CLC Lawyer she see 5he document and know it was forgerty and fraud. But didn't have the money to put up to take her to court. I am hearing impair very slow. I have try for help no one will help me .thank you Sir for you time
You seem to be a wise and decent man! I lost my dad at 13. Looking back I realize the steep cost in many ways. Your children are fortunate to have a good dad.
Yes, I agree BeeTee, his children are fortunate to have him as their dad. My respect for him for loving his children well and not let them fell like they are entitled by putting conditions on the living trust. The children have to earn their parents assets and learn to value their parents hard work. I like the example about the fancy Mercedes, I can see how trust babys could just blow the money on superficial stuff because it did not cost them nothing. He is loving and wise. I wish I had a dad like him growing up 😁 and I don't mean it in a materialistic sense but because of his knowledge and wisdom. He is a decent human being.
@@lindaclark8615 I hope that you're an awesome enough Dad to the point that your kid will good enough with dealing with you dying. I don't have kids, but I don't think that a parent want their kid to be indifferent to the parent's death.
Excellent explanation. Well done. I have a trust but there's more I need to know about it. The living will is what I'm missing. People need to know this stuff.
A living trust is an estate-planning tool wherein assets are transferred to named beneficiaries by a person's will, rather than by requiring a probate court's approval.
Subscribed. Thanks for sharing this is one of the best videos on living trust I seen. I shared it with my best friend who is a real estate investor and I shared it with my mom.
Thank you Clint , this really holds a great deal of impact. I did not understand this concept and left this video with a great starting point! Appreciate you for sharing this in this way.
When I watch information like this ...I can’t help but think of a system my people have been robbed of an opportunity to fairly participate in and in some cases robbed of the tangible property itself .
Father died with a will, 15 yrs ago....nightmare, went into probate nothing concluded for 18 months and was a mess for the executrix. Mother died last month had a trust 1 month later most assets distributed! Great info
I couldn't agree more! I've just lived through 3 1/2 years of the legal process, as administrator of my Dad's Probate (he had died at 89 with NO Will or Trust. In spite of only modest assessts, the process costs thousands of dollars in legal feess & 3 1/2 stressful years of my time. Don't let this be the case for you ~ if you love your family, take care of this while young & healthy enough to do so, to spare them going through his horrid process called Probate.
Post Probate, obtain an IRS EIN entity. DEED land over to their name. Kidd, Diana Sr. Est. Do a title search and you are the signee. No longer vexatious when they are in the Land Records.
Clilnt this was an excellent presentation. Clear, precise, practical and very informative. I live in Toronto Canada and have greatly benefited from your explanation. I have taken notes!!!
Mr. Clint I really appreciate you 🙏 and wish you were around when my parents past. My mom passed 2018 and dad 10 years prior and I still have an open probate case and I feel as the executive of the estate I did most of the work and getting billed by a lawyer the whole time smdh 😑 luckily we about to close out this case in a couple weeks whew! 😅 and like you said they had two properties and a couple hands full of accounts. P.s. my mom left money for my children too whom are still minors and that's a whole other process.
Mrs. Batson, stories like yours are far too common. It's good to hear that the journey is nearing the end but the road. Sounds like you got yourself a legal education on probate law. 😀
Thank you for sharing this video... explained exactly why m delayed to sign the will that I iintended to set up for my family cost $500.. My insticnt feeling strongly disagree not trust to continue and finalised the paper work with the lawyer.. You have explained how I felt.and fear to trust the lawyer... Now Im learning also confirm to apply for a Living Trust.. Thank you for your informative presentation..Blessings😍
Interesting in that Trusts, of all variations, have now become a new loss leader for law firms. Many states allow a person to title their real estate holding to have a Transfer on Death listed on the deed. this creates an avoidance of not only Probate but also attorney fees associated with administering a Trust. Of course this doesn't work in all jurisdictions but has served many of my clients very well and seamlessly allowed for real estate to be transferred with just a new deed and copy of the death certificate being filed.
Awesome information! Clint explained this very confusing topic in terms that even a 12 year-old could understand. Thank you for making my decision to not only obtain a Living Trust but also a Living Will!
Hey did you put wills on the list twice by mistake? Also your videos are very well done, consider using on screen premade graphics maybe fading in next to you to easily list and organize thoughts. You are my go to for this kind of content, keep it up!
You're an incredible father sir. I wish my father would have been more like you. I'm trying to be that for MY kids, to leave them a legacy and educate them financially so they won't be financially illiterate like my dad, God bless him. Starting young too. 😉 My oldest is only five, lol, but she's freaking SMART. 🧠
I wish I knew all about this 12 years age when i started mine. The attorney I had recommended a estate plan will. When i had to make a change due to some heir death and etc, he kept charging me hundreds of dollars just to change one line of the existing will. I thought that one POA would cover all those areas that he described above? Now with this virus crap emergency, it would be difficult for this 91 yr old to change to a living trust.
I am a very happy and grateful Client of Clint's company. It started by attending a Conference, then seeing him at an event and him giving me a book to read (did so and marked it up) and watching most of his videos. I am about to start this process with his company and if you have any assets I suggest you do the same! If its like the other services I have experienced with his company, Entity formation and management along with tax preparation and guidance I know I will be in very capable hands!
Hey Clint, after just seeing one video of yours I honestly learned so much, you deserve a subscribe ! Can you please make some videos about offshore companies handled by trusts, advantages and disadvantages of it and for tax avoidance legally ? thank you very much !
Dean thanks for subscribing but we do not touch offshore. Offshore planning is outside of our wheelhouse and something we do not have any experience with setting up.
After five years of marriage i found out the one thing that makes it difficult is financial struggle, its not like my husband and i aren’t making money it’s just we barely have time for each other and there’s no amusement or new event it’s just work and the kids and that was fine but i wanted more..then i heard of a financial advisor on the radio who basically makes money for me and right now i have close to 100grand with her in my portfolio. now we pay for our vacation without breaking a sweat or losing sleep
me too, pls any advice you can give at all would be appreciated. i just turned 40, i don't think i'm hot cake in the dating market anymore.. i can't afford to walk away from this
@@vanhall9513 sure i get it hun. i’ve been there too. My F.A's name is Lucy Maria Koss, i googled her and reached out to her from her website and honestly you should too. Goodluck with your marriage dear. it isn't over until you say it is !
This is difficult and takes early planning to move assets to keep them from being sucked in to cover expenses. This is state specific so I would contact an elder law attorney if this is a concern.
@@ClintCoons Thank you. I helped my parents create a Living Trust many years ago, but now that they are in their 80's I am afraid that it is not enough to protect from this, if it wasn't matched with a long-term health care policy or slowly transferring their assets to their heirs 7 years before they need long-term care. Now they are 85 and 81, SMH. We have some work to do.
Claim Your FREE 45-minute consultation to receive business planning tips and asset protection. 👉 aba.link/06k
This is the kind of information that should be taught in at least one semester of high school.
Facts
Yes!
Facts
Except that they won't teach the kids about how the bank fees the trusts down to nothing. My ex business partner's grandfather worked in finance in NY and put $50, 000,000 in a trust. 10 years after he died there was less than about $900,000 left. My opinion is "Never give banks or anyone control of your money or any other assets. If you need to, get yourself educated and manage your own assets, so you won't risk meeting a bad actor.
I wanted to ask you as a living TRUST was me and brother. My Dad did the living will. Dad deeced and my mother was sick. at the time I was living at home. Well my cousin live with mom and me and her 3 kids. We didn't get along at all. Well cousin kelp pushing my about changing the will my mother want to live as the way my Father did it. Well after mother told me to leave because of my cousin. Didn't know mom was dieing . Mom die at home like my Father did. Well after mom pass cousin change everything took off our name and she made a quit claim to a gift put property in her name got my heir didn't event get my share cousin didn't event tell me. Mom didn't have a lawyer at the time of her pass. So I see CLC Lawyer she see 5he document and know it was forgerty and fraud. But didn't have the money to put up to take her to court. I am hearing impair very slow. I have try for help no one will help me .thank you Sir for you time
This guy is internet gold. An actual online asset. Fabulous video.
I wonder if his CZcams channel is part of his trust....
On My Mama😤💪
You seem to be a wise and decent man! I lost my dad at 13. Looking back I realize the steep cost in many ways. Your children are fortunate to have a good dad.
Thanks
Yes, I agree BeeTee, his children are fortunate to have him as their dad.
My respect for him for loving his children well and not let them fell like they are entitled by putting conditions on the living trust.
The children have to earn their parents assets and learn to value their parents hard work.
I like the example about the fancy Mercedes, I can see how trust babys could just blow the money on superficial stuff because it did not cost them nothing.
He is loving and wise.
I wish I had a dad like him growing up 😁 and I don't mean it in a materialistic sense but because of his knowledge and wisdom.
He is a decent human being.
You're a good dad. I'm taking notes. 👍
Thanks
I hope my son can handle my death
@@lindaclark8615 I hope that you're an awesome enough Dad to the point that your kid will good enough with dealing with you dying. I don't have kids, but I don't think that a parent want their kid to be indifferent to the parent's death.
Thank you, Clint. You expained everything so clearly.
Thank you for sharing this, its stunning to me how little we are prepared for living and dying. This is free gold!
I am currently beginning to build my will for the first time and ran into this little gem. Thank you! I am now subbed
You are brilliant Clint. And a terrific, personable public speaker! God bless you for sharing this great information. 🙏
Excellent explanation. Well done. I have a trust but there's more I need to know about it. The living will is what I'm missing. People need to know this stuff.
A living trust is an estate-planning tool wherein assets are transferred to named beneficiaries by a person's will, rather than by requiring a probate court's approval.
I’m confused!? Do you teach? Or have a problem?.
Clint, Thanks for Sharing! maad Respect for you KeePinG iT Logical n ReaL! ( Hope Carter realizes he’s fortunate to have you for a Dad )
I am so happy that you are sharing this knowledge! Thank you!
Subscribed. Thanks for sharing this is one of the best videos on living trust I seen. I shared it with my best friend who is a real estate investor and I shared it with my mom.
Awesome, thank you!
Your antidote using a POD was perfect.
Now I can easily remember the purpose of a living Trust and can share it too.
"Anecdote"
i love the way he explains it. im a visionary, so seeing you draw it on the board keeps it simple and i love the examples you use, such as the bikes
Vernida Kendall
Thanks for watching.
Thank you Clint , this really holds a great deal of impact. I did not understand this concept and left this video with a great starting point! Appreciate you for sharing this in this way.
Glad it was helpful!
Dude I love how you explain this so well. I completely Comprehend everything you explain. I think you so much I'llbe watching this video over again.
I appreciate that!
Always love your analogies..you are a good teacher..learned a ton from your videos and I share it with friends as soon as I get a chance
Thanks
Thank you. I have been procrastinating setting up a living trust. After watching your video, I will definitely get it done!
Perfect
When I watch information like this ...I can’t help but think of a system my people have been robbed of an opportunity to fairly participate in and in some cases robbed of the tangible property itself .
Same here
Father died with a will, 15 yrs ago....nightmare, went into probate nothing concluded for 18 months and was a mess for the executrix. Mother died last month had a trust 1 month later most assets distributed! Great info
Thanks
Another outstanding presentation, Clint. Clear, insightful and invaluable. Thank you!
Much appreciated!
I couldn't agree more! I've just lived through 3 1/2 years of the legal process, as administrator of my Dad's Probate (he had died at 89 with NO Will or Trust. In spite of only modest assessts, the process costs thousands of dollars in legal feess & 3 1/2 stressful years of my time. Don't let this be the case for you ~ if you love your family, take care of this while young & healthy enough to do so, to spare them going through his horrid process called Probate.
Yes honey that's why I'm following Clint's page now so I don't put my children through this. Yeesh!
Did someone contested..
Post Probate, obtain an IRS EIN entity. DEED land over to their name. Kidd, Diana Sr. Est. Do a title search and you are the signee. No longer vexatious when they are in the Land Records.
Clilnt this was an excellent presentation. Clear, precise, practical and very informative. I live in Toronto Canada and have greatly benefited from your explanation. I have taken notes!!!
Glad it was helpful!
Wow! This was the information I was looking for. Thank you for your expertise and guidance.
Glad it was helpful!
This was Amazing! Life changing info!! Thanks for sharing! New sub! 🔥 🔥 🔥
Thank you, your explanation was very clear and informative
I love all the great info in you videos thank you I see them all. Very helpful videos
Thanks
Mr. Clint I really appreciate you 🙏 and wish you were around when my parents past. My mom passed 2018 and dad 10 years prior and I still have an open probate case and I feel as the executive of the estate I did most of the work and getting billed by a lawyer the whole time smdh 😑 luckily we about to close out this case in a couple weeks whew! 😅 and like you said they had two properties and a couple hands full of accounts. P.s. my mom left money for my children too whom are still minors and that's a whole other process.
Mrs. Batson, stories like yours are far too common. It's good to hear that the journey is nearing the end but the road. Sounds like you got yourself a legal education on probate law. 😀
Good info! Easy to understand. Thanks
Thank you very much for this very informative video.
Incredibly informative!!! Thank you for the personal share as well.
Glad it was helpful!
Very good presentation. No I know what a living trust is and why I should have one.
Thank you for sharing this video... explained exactly why m delayed to sign the will that I iintended to set up for my family cost $500.. My insticnt feeling strongly disagree not trust to continue and finalised the paper work with the lawyer.. You have explained how I felt.and fear to trust the lawyer... Now Im learning also confirm to apply for a Living Trust.. Thank you for your informative presentation..Blessings😍
You are so welcome
Excellent! Clear, concise, highly relevant information! Thankyou.
Glad it was helpful!
Interesting in that Trusts, of all variations, have now become a new loss leader for law firms. Many states allow a person to title their real estate holding to have a Transfer on Death listed on the deed. this creates an avoidance of not only Probate but also attorney fees associated with administering a Trust. Of course this doesn't work in all jurisdictions but has served many of my clients very well and seamlessly allowed for real estate to be transferred with just a new deed and copy of the death certificate being filed.
Is there a particular time that title must be done or at any time
Thankyou for giving this information!!!
Good baseline for a potentially very complicated process.
best video ive seen for a newbie REI investor
Amazing. This info is gold. Thank you so much.
Glad it was helpful!
Thank you atty. for the information. Your kids and wife are so lucky.
I think I am the lucky one. :)
Great video and surprisingly funny for a financial guy 12:36 ‘You used to be on here’ 😂🤣
My pleasure.
Awesome information! Clint explained this very confusing topic in terms that even a 12 year-old could understand. Thank you for making my decision to not only obtain a Living Trust but also a Living Will!
T Rowe
Thanks for watching.
Thanks for making it easy to understand!. Very good public speaker.
Glad it was helpful!
This was excellent. Thank you.
This is amazing. I feel like I should be paying you for this course. Great job. Thank you!
Glad you like it!
You do a great job explaining these processes. Binge watching your videos...now my brain is full!
Three years old and still good information. Thank you!
You bet!
Thanks for the informative advice.
This video was extremely informative! Thank you so much!
Much appreciated.
This was so easy and simple for me to understand, thank you!!
Hey did you put wills on the list twice by mistake? Also your videos are very well done, consider using on screen premade graphics maybe fading in next to you to easily list and organize thoughts. You are my go to for this kind of content, keep it up!
Great information! Thank you sir.
This is fantastic information. Everyone needs to watch this!
Thanks
God Bless you and your family...
Thank you for doing this video! Great video!
Glad you enjoyed it!
You're an incredible father sir. I wish my father would have been more like you. I'm trying to be that for MY kids, to leave them a legacy and educate them financially so they won't be financially illiterate like my dad, God bless him. Starting young too. 😉 My oldest is only five, lol, but she's freaking SMART. 🧠
Thank you and all the best to you and your family.
Great presentation! Thank you.
Glad it was helpful!
This video is so informative, thank you!
You're so welcome!
Excellent video , I learned so much and very quickly.
Glad it was helpful!
Some people do a private closed probate. What options are available to see the final distribution of closed probate cases.
thank you amazing info
Awesome Information! Getting on it now :)
THANKS! You broke a trust down perfect.
Wow you are great to explain that thanks
I wish I knew all about this 12 years age when i started mine. The attorney I had recommended a estate plan will. When i had to make a change due to some heir death and etc, he kept charging me hundreds of dollars just to change one line of the existing will. I thought that one POA would cover all those areas that he described above? Now with this virus crap emergency, it would be difficult for this 91 yr old to change to a living trust.
Very helpful. Thanks.
I loved it even more when you used the diagram! Great video!
Thanks
That was a great presentation! Thank you!
Glad it was helpful!
Thank you for your content your channel is amazing such a Blessing. Thank you sir.
1 Dream Consultants
Thanks for watching.
Thank you for this..
Great videos!! 💜
ABSOLUTELY Great information exsplained perfectly
Glad you enjoyed it!
I am a very happy and grateful Client of Clint's company. It started by attending a Conference, then seeing him at an event and him giving me a book to read (did so and marked it up) and watching most of his videos. I am about to start this process with his company and if you have any assets I suggest you do the same! If its like the other services I have experienced with his company, Entity formation and management along with tax preparation and guidance I know I will be in very capable hands!
Wow Darrin thanks for the nice compliments. Looking forward to working with you.
Excellent as always 👍 please keep it up 👍🙏
Thank you! Will do!
Can I add you onto my trust? 😂 you’re gold! Worth my time watching!
Hah!
Thank you for the invaluable information.
Glad it was helpful!
GREAT SOURCE OF KNOWLEDGE THANKS
Thanks and welcome
Great info! Thank you
I'm glad you found the information helpful
Wow. You are preaching!
Very well done. Thank you.
Glad you liked it!
Hey Clint, after just seeing one video of yours I honestly learned so much, you deserve a subscribe !
Can you please make some videos about offshore companies handled by trusts, advantages and disadvantages of it and for tax avoidance legally ?
thank you very much !
Dean thanks for subscribing but we do not touch offshore. Offshore planning is outside of our wheelhouse and something we do not have any experience with setting up.
@@ClintCoons Thanks for the quick response, looking forward for more videos :)
Everyone needs to see this video, great content.
Thanks
Thank u great information much needed …
You are so welcome
amazing explanation and analogy!
Glad you think so!
very good information and easy to understand.
Glad it was helpful!
Great advise. I own real estate with mortgage on it, i was gonna deed it to my llc, but now i see a better alternatives. Thank you.
Very welcome!
@@ClintCoons Hi Clint, would you advice to deed properties with a mortgage to LT and if so would the children need a LLC upon me passing
After five years of marriage i found out the one thing that makes it difficult is financial struggle, its not like my husband and i aren’t making money it’s just we barely have time for each other and there’s no amusement or new event it’s just work and the kids and that was fine but i wanted more..then i heard of a financial advisor on the radio who basically makes money for me and right now i have close to 100grand with her in my portfolio. now we pay for our vacation without breaking a sweat or losing sleep
this is very good advice
honestly, this is what has been on my mind lately. please can you give me your advisor's details? its urgent
me too, pls any advice you can give at all would be appreciated. i just turned 40, i don't think i'm hot cake in the dating market anymore.. i can't afford to walk away from this
@@vanhall9513 sure i get it hun. i’ve been there too. My F.A's name is Lucy Maria Koss, i googled her and reached out to her from her website and honestly you should too. Goodluck with your marriage dear. it isn't over until you say it is !
A "living trust" is simply a will created while the grantor is living, as contrasted with a testamentary trust. There are many different kinds.
Great video, thanks
Glad you liked it!
Thank you so much, not only for the information but not begging for likes, subscriptions, and notifications.
PokeFit3
Thanks for watching.
Thank you so much sir, you are a gem.
Appreciate you.
Thank you sir, a very informative video
You are welcome
Oh my God! Thank you so much for this
You're so welcome!
Thank you for sharing this liked, subscribed and notifications on. How do you protect an estate from being eaten up by long term care expenses?
This is difficult and takes early planning to move assets to keep them from being sucked in to cover expenses. This is state specific so I would contact an elder law attorney if this is a concern.
@@ClintCoons Thank you. I helped my parents create a Living Trust many years ago, but now that they are in their 80's I am afraid that it is not enough to protect from this, if it wasn't matched with a long-term health care policy or slowly transferring their assets to their heirs 7 years before they need long-term care. Now they are 85 and 81, SMH. We have some work to do.
Love the control the kids part 🤣😂🤣
👏🏿👏🏿👏🏿🗣THANK YOU SIR FOR THIS INFORMATION✊🏿💯💯
You bet
Great video, thank you!
Glad you liked it!
Right on time!!!!🙏🏽
Thanks