DON'T Use an Irrevocable Trust Without These 4 Things

TABLE OF CONTENTS
0:00 Don’t use an Irrevocable trust for asset protection without THESE 4 things!
0:32 Business Guy Introduction
0:48 What is an irrevocable Trust?
0:53 4 requirements summary
2:09 Discount for watching this video
2:25 4 Requirement Detail
2:28 Requirement #1
4:07 What if I want to change it?
4:31 Requirement #2
5:36 Offshore asset protection trusts
6:54 Requirement #3
7:18 Requirement #4
7:26 Estate planning: A/B Trust
8:27 Estate planning: protection inheritance from youthful inexperience
9:32 Downsides
10:03 Benefits
11:03 Conclusion

#IrrevocableTrust #AssetProtectionTrust #assetprotection
Webull

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[ClubNoiseband]

One needs to make sure all the papers that are signed in the office are actually formally submitted & uploaded not kept only in the lawyers office- (happened twice)

[malaikashakir]

He reminds me of the dad in Back to the future

[kennethgiles]

The Juris of the Land is also referred to as Common Law. The Juris of the Water is also referred to as Admiralty Law.

[kathycrawford]

great info. I'm using an estate planner and waiting for my info to be finalized. I need to make sure he writes it up correctly.

[futureproof]

Informative

Can you make a video that covers basic fees for various types of trust?
I know there are variables and not exactly a one-size-fits-all.
But a range on
1- Setting one up for this type versus that type.
2- Yearly cost we need to expect once a trust is set up, so we know what to expect.
I see a great range online depending on the company setting these things up.
Easy to not know what the ongoing (yearly forever) cost will typically be.
Many people I chat with don't realize the ongoing cost and what those costs can be.

More info on being able to Change or fire the people administering the trust would be cool as well.

Thanks

[carlettagoodrich-mann]

BG asset 100. MY. Irrevocable trust was created in the early 2000’s . NOTE. Having worked with 1000 justices for domestic violence the need for securing health and wealth trust is essential.

[joshuaderstine]

I own some property. I'm concerned with protecting it from future medical expenses. I'd love to speak.

[pamelahill]

I’ll be reaching out!!! This was amazing information!!!

[kennethgiles]

Juris diction= Your words determine the Right Law under which you stand.

[Gthegreat]

Absolutely A PRICELESS PLETHORA OF GEMS DROPPED HERE IM SUBSCRIBING

[billr]

GREAT video. Thanks for the great research. BRAVO!

[theshark]

And so when the settler is in the proper jurisdiction, one needs to be oriented with the laws, such as in California or in Nevada, and so then you have no practical reason to comply. And our trustees have never been penetrated. And the true beauty is if you’re in Iceland, you’re in a very good place.

[qdllc]

What kind of annual cost would an irrevocable trust incur? Some trustee fees mandate a large enough trust so the income of the trust covers the costs of management.

[SonicboominOnEm]

I really love this blueprint sir! I will be reaching out to you soon.

[crazysquirrel]

What is the best trust to hide assets from all levels of government and potential lawsuits?
One does not want any government to see what you have and take what they want nor have SS/SSI/SSDI tell you to spend down your assets.

[Passportpax]

Excellent video very informative on a topic I’m very interested in

[lenahnyanzeka]

That's very interesting, I like it

[supersteve]

Another enlightening video. Thanks for your contributions. From a long time sub of your channel.

[wholesaleoperations]

Great video + the timing is right on, thanks!
Couple questionw:

1) I had my attorneys at the time (over 20 years ago) draft two offshore trusts, both irrevocable, originally established to hold ownership interests in various entities at the time. Both have a 100 year trust period from the date the trusts were established. Although the entities have come and gone, would I still be able to revive these trusts with some changes (i.e. appointment of new Trustees and Protectors, etc.) to own and manage current and future entities?

2) What are the tax consequences of an irrevocable trust owning shares of a C-Corp if the revenue the corp generates is retained for re-investment?

[ahall]

What happens if you get a 3rd party person to create the trust(become the settler then assign you as trustee) then the creator resign off the trust? Now you can control it and you are not the creator