Protect Your Assets Using Trust Funds

Protect your assets with Estate Planning by creating a revocable living trust with these 5 Must Have documents

Estate Planning is not common knowledge. Most people have no clue what it means or how it's used. It can be one of the best ways to protect your assets and transfer your wealth without the hassle of the probate process. This video will discuss the 5 must have documents when creating a trust and how it's used. A living trust is not the same as a last will and testament, it's much more powerful!

When someone passes, the process of figuring out the validity of the will is through a process of probate. In order to avoid heavy tax penalties and potential debts, creating something like a revocable living trust is essential when transferring your estate.

Here are the 5 must have documents when creating a trust. Please consult an estate planning attorney at some point in

3. Power of Healthcare -

4. Living Will -

5. Living Trust

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[derrickmichael-simpleautom]

Being a tax accountant and being married to an attorney I take this for granted but amazingly valuable video Andrei, everyone should bookmark this.

[E_mailMeLater]

I paid over $500 to my attorney to process all this paperwork for me. Feels good after all the paperwork is completed, signed, and notarized.

[joshweber]

Started following you three months ago and have built my portfolio to $2500 from $0 while keeping to your rules of only 25% in each sector and finding solid companies, etc. Thanks for all you do. You are changing my life for the better.

[katrinamillings]

I smashed the like button before you told me to. You've trained me well.

[SaffronIce]

"I 19 year old. I don't need trust, I verrrryy young." *clicks out* 😂😂 Jk still watched the entire vid cuz everything you say is gold 😹

[madhatmatty-wealthyhabitst]

I appreciate this video, most videos I watch (and create) are focused on wealth generation. The preservation portion is JUST AS IMPORTANT!

[WW-]

I loved your video. I recommend everyone check with their attorney. For instance, here in Illinois, if I were to place my house in the Trust and someone gets injured in my home and sues me, the whole trust is at risk. I have to maintain 1% ownership of the property to avoid this risk. FYI

[randyxdandy]

Literally was talking about this process with my mom and i told her ill look it up and get back to her. Thank you for this video!!! 🔥🔥

[CaseyBurnsInvesting]

The heirs to Jimmy Hendrix estate went to school with me up here in Seattle. Prom after party at their mansion. 🔥

[JMadrid]

Pro tip, don’t appoint a family member or individual as your successor trustee. Appoint a professional or trust company to serve as your successor.

[ryanhassan]

This is creepy I was looking for this information about an hour ago.... and you have gone and made a video!!! Thanks Andrei!!!

[harrisonberghuber]

This video was absolutely awesome. I watched it 1.25x, and I just induced every bit of information you had to share.

[tonybegg]

With maybe 10 years left in the gas tank of life I have been thinking of "estate planning" so this was very timely and useful to me and I shall peruse the documents. Having sworn to hodl till Hell freezes over (which happens in the year 2140 - Satoshi was clairvoyant) have been wondering how to pass on the crypto without some probate court turning it into fiat.

[cheynebest]

I'm excited for passing my trust. We're going to play a little game. It will be the last thing I do. PS I'm glad your looking healthier these days Jikh! That music at the end was super chill

[Just-Move-Forward-John]

Great resource! Thank you. I'm going to share with my family. I just hope my grandparents actually listen

[killerjay]

Watched you latest vid where you mentioned how this was your lowest viewed vid. Now its in my recommendations

[GenExDividendInvestor]

Thanks for the video! Super smart to protect your ass(ets) -- stuff you never want to think about.. Just like insurance, when you are young you don't worry about benefits or insurance.. and then when you need it you wish you had covered your bases. If you have a material amount of assets, I'd recommend talking to an estate lawyer.

[ewills]

Thank you! I always wanted to get this done and never knew how to start

[hotskullbj]

Best finance YouTuber by far. Not everything always has to be serious and that’s what I like about Andrei. So I always come here for the knowledge as well as the laughs and puns. Thank you. Amazing video.

[optamis]

The only way to protect your assets in regards to a divorce is very hard. There are only a few ways to do so. A irrevocable trust or have your assets in offshore accounts and assets that can't be claimed by a court. Family court judges will throw out prenups, etc. and even force you to revoke a revocable trust. If it's a asset the government can get their hands on, rest assured the judge will give it to the woman. Or live in China, in China the man keeps all, or most other Asian countries where divorce isn't such a racket.