Living Trust Versus Will: 8 KEY Differences (AVOID PROBATE!)

In this video, I'm going to discuss the 8 essential differences between living trust vs. will. This is important information if you want to avoid probate, which can be a costly and time-consuming process.

Watch this video to gain a solid understanding of living trusts, wills, and how to navigate the probate process. Empower yourself with the knowledge to make informed decisions about estate planning and ensure your assets are distributed as you desire.

"Whatever the case, I can do that inside of a trust. I can not do that with a will." 13:12

A living trust is a legal document that allows you to transfer your assets to a trust during your lifetime. When you pass away, the assets in the trust are distributed according to your wishes without the need for probate. In contrast, a will only goes into effect after you pass away and must go through probate to transfer your assets to your beneficiaries.

Probate is a court-supervised process that can be time-consuming and expensive, and may not distribute your assets in the way you intended.

By creating a living trust, you can avoid probate and ensure that your assets are distributed according to your wishes.

Thank you for watching my video! If you have any questions or comments, please leave them below.

Please like this content and subscribe to the channel for future resources! Thanks again for watching, and have a great day.

Show Notes:
0:00 Intro
3:06 #1 Probate
6:13 #2 Wills Are NOT Fast
10:07 #3 Wills Work After Life
21:25 #4 Living Trust = Options
32:55 #5 Unusual Provision
33:46 #6 Wills Are Public
35:25 #7 100% Time
38:40 #8 Ancillary Documents
45:56 Outro
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ABOUT TOBY MATHIS
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

#livingtrust #wills #estateplanning #tobymathis #probate

[georgevrba]

This is the best estate, planning video, putting all things on one blackboard, that I have ever seen.

[marymary]

Thank you for posting this video. My husband passed away at 59 years old last month and I am now convinced I need to consult with an attorney to set up a living trust.

[Thefolks]

This is the best video on trusts and wills I've seen so far, thanks.

[SX-svvo]

This video should have over a million views. Detailed, easy to understand, concise information. Thank you! ❤ Subscribed.

[DuShaun-]

Can I say I am so grateful that I came across this video! ❤My father left me a sizable inheritance, and I was looking on here on information regarding that. However, I didn’t know that I can be educated on so much information on how to leave my children money. Gratitude

[smurfshanker]

Great job explaining that. I was only going to watch half of this video given the length, couldn't stop watching and ended up watching it all. Nice man

[kennydebique]

I appreciate you sharing your knowledge. Thanks a lot.

[VictimizedSenior-xf]

Our Estate Planner ran from the plan when it cost us 50% in Trust Litigation instead of 10% in Probate because our parents hired an estate planner instead of Inheritance Administrator with a Forgery Proof Arbiter Interdiction Trust and counterfeit free Permission Ledger LLC.

[judynguyen]

Thanks for the helpful video, Tony. We now have better decisions for the distribution plan for our living trust that is being drafted.

[joejoe]

@Toby the volume of knowledge you deliver in this video is impressive. Thank you

[MsLorimay]

Very good video. Good explanation of the difference between a trust and a will.

[christinewimer]

When my husband passed he had a Tranfer on Dearh Deed and will. With the Transfer on Death Deed that said all property and anything on those properties automattically transferred to me. I got two homes, boat, 3 cars and the property, with No Probate. But the Transfer on Death deed must be filed at the courthouse, or it is worthless. And they cannot be contested. My husband told me what he wanted his kids to have and i fulfilled his wishes.

[arbellaarsenous]

Thank you, Toby, l
You are a blessing on earth. Doing God's work helping others. 🙏

[willmallory]

Thank you SO much. This is why I love this channel.

[TedlinksChannel]

Very informative. Best video on these topics I’ve seen yet.

[itaspera]

Thanks for your very thorough and caring explanations

[CarlosAvila-etko]

Very educational.
A ‘Trust’ is the way.
Thank you.

[mrs.woodtowntexas]

Toby thank you so much, know discussion took place like this for me with my trust.

[MikeGaskinsPodcast]

Thank you !! This the best video on
youtube

[tntranent]

Very good informationand thank you Toby Mathis...I am really appreciate your video to help me understand living trust and will