Living Trusts Explained In Under 3 Minutes

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Often, when one dies, they do so with assets in their name, such as real estate, stock, and business interests. These assets are often referred to as probate assets, because when you die with them in your name, your heirs cannot access them until they go through the court and attorney-involved probate process that takes place at a courthouse.

Many people often own some non-probate assets, like life insurance and retirement accounts, that are payable directly to beneficiaries upon your death - no judges, attorneys, or court orders required.

Some people create a living trust, transfer their probate assets to their living trust, and your trust provides what happens to the trust assets upon your death - who is in charge and who is entitled to own the trust assets. Assets titled in the name of your trust when you die do not need to go through the court and attorney-involved probate process.

This post is for informational purposes only and does not provide legal advice. Please do not act or refrain from acting based on anything you read on this site. Using this site or communicating with Rabalais Estate Planning, LLC, through this site does not form an attorney/client relationship.

Paul Rabalais
Estate Planning Attorney

[al-mubdizahir]

Ppl don't make straight to the point videos like this. I love it

[rodrigito]

Best summary video on YT. Thanks, good sir. 👍

[lvnmykdz]

I have shared your videos with my children… and friends. Appreciate your time and efforts to bring attention to this important topic.

[desireelococo]

Thank you! My mom is 89 and we have been needing this info

[VANESSA-tngb]

Great quick explanation, thank you. Checking my Trust mow to make sure it's a Revocable Trust

[lawrenceellison]

Excellent short Video. I now have a revocable living trust “from your video advice” and I am very grateful. Thanks for your professional services

[MohanRaj]

Best 2:35 minutes of my life well utilized ❤️❤️❤️🙏Thank you.

[lauriedettolspray]

I like this overview. No nonsense with simple explanation, thank you for your content!

[danieljakic]

Awsome video, straight to the point, quick, and concise and accurate.

[russellgray]

Thanks for the new video! I’m looking forward to seeing what other content you post! Always good to learn as much as you can!

[irisflower]

Love it! Easy to follow and straight to the point! More content like this please.

[LA-ARCH]

Thank you, may you walk with good spirit 😊

[homebaseincome]

I'm so glad I came across your channel. I subscribed and will continue to watch to learn more. I also subscribed to your newsletter.

[PeachSharon]

YOu did a great job explaining a trust

[medgasguy]

Thank you for your video...I didn't understand it but I appreciate your explanation. 😁

[yepyep]

This was great ! Thx! Videoing free 2-cents advise.. put your list above your camera and place cam further away and zoom in .. you can you a dry erase stand or flip chart on a table

[oldrrocr]

wow! perfect! I don't know why they don't teach this in school...because everyone who owns anything of value should have one of these. (and if you have kids, life insurance).

[natashatomlinson]

I have listened to many YouTube videos where they take this long to prate and small-talk and try to get you to subscribe and advertise their sponsor before you wonder if they are even worth listening to. In contrast, you gave me a law school course in the same amount of time . Kudos. Thanks for respecting my time .

[edwilliams]

You should do your other discussions similarly.... quickly, short, and to the point.

[californiadreaming]

In the process thanks to you. Recent widow in Florida