What is a Living Trust: Simplified Explanation

In this video, we'll explain how a living trust works in a simplified way. By the end, you'll have a better understanding of this powerful estate planning tool and how to use it to your advantage.

If you're looking to protect your loved ones and estate while also allowing for future flexibility, a living trust is a great option. In this video, we'll walk you through the basics of how a living trust works and explain why it can be a powerful estate planning tool for you.

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DISCLAIMER: I am not your financial adviser nor your attorney. These videos are for educational purposes only. None of my content is financial advice, tax advice, or legal advise. You must always speak to a licensed professional to evaluate your specific situation. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments. I get commissions for purchases made through links in my video description box. Thank you for watching!

[sirmoneymoves]

Drop a 💯 in the comment section if you felt this video was helpful.

[sirmoneymoves]

What other topics would you like to learn about?

[veronicagjones]

This is a great explanation of what a Trust is and how it works! I set up a trust a year ago, but need to move forward funding it.

[BrianTHE]

Thank u for all the financial advice you give us brother

[christianmommybillionaires]

Ok so first of all I thought an estate sale was just a grand yard sale!! I guess it is but I didn’t know the other side of things!!! Also, wow Prince didn’t have his affairs in order😢😢wow. That’s so crazy. Thanks for teaching us the right way!

[glennawilliams]

This was very informative information. I wasn't aware a Will goes through probate also.

[Godfavorite.]

Wow! Great information! Very thorough, thank you!

[sechabreonni]

Everyone needs to hear this information. What a blessing you are to educate us on such a important topic.

[pegclose]

all you're information is so interesting.... thank you

[Currygoatpapi]

I’ve been in a probate room and it’s all public you don’t want the government in your will.

[dthomas]

Are you licensed to do trusts in Ohio? If not, can you recommend anyone? A trust is at the top of my list for 2023. Thanks!

[portiabeene]

My brother wants to give me property when and if he passes away from illness we don't know where to begin that process he wants to make sure we avoid probate court.

[joshuaclark]

I have a trust with pseng but im not sure how to utilize it, can you assist?

[_tonsky_]

Hello! Thank you for this informative video and as usual you always explain them concise and clear.

I just had my living trust completed and in placed. Do I have to update the beneficiary of my bank accounts, IUL, annuity, etc to my trust instead of putting in my kids as the actual beneficiary?

[byannastacia]

💯💯💯💯💯💯💯💯Question1: if you have a juvenile life insurance in a living trust the accumulates cash value over time how can you set up so your child can receive money for key mile stones like going to college, first apartment, weddings, down payment for a home or a business start up whether the trustee is deceased or alive?

Question 2: Does it make more sense to put a car or your home in a LLC or a trust ?

Question 3: Can a living trust pay out your monthly expenses?

[Random-nfhr]

If the grantor of the trust account has judgements against them are the assets I the trust at risk to being taken

[funmistudy]

Hi. I have searched high and low and spoken to several experts and not found any organizations offering dividend paying whole life insurance in the UK. Can you advise what to do? Can I use USA based organization while being in the UK? If so, which would you advise?

[Oshina]

I have joint tenants survivorship rights over my dad’s house. Both of our names is on the deed. Its been 3 years here in PA. Also im on all his bank accounts too as the beneficiary. Both our names is on both accounts. What steps do i need to take?

[LoveConquerz]

Learning & asking questions as a homeowner. Why not just add grown kids to the deed on any properties, list them as beneficiaries on any policies, assets & bank accounts establish a will. Is a trust really needed if this is done? If their name is on the deed would the properties still go into probate?

[sibajishome]

What if the real estate still has a loan