Understanding Living Trusts And Why You Need One

What is a living trust, and how does it work?

I will be going over the various factors that make up a living trust and its function in estate planning.

We'll also discuss the advantages and disadvantages of a living trust, and provide examples of how a living trust might be used.

Living trusts are simple yet complicated pieces of paper that many find themselves stumbling over.

A living trust is a legal document that allows you to transfer ownership of your property to yourself as a trustee.

This means that instead of directly owning your assets, they’re held by an entity that legally belongs to you but can’t be easily accessed by creditors or others who might claim ownership.
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ABOUT CLINT COONS

Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.

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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.

[annham]

My Dad set up a Living Trust and as soon as my sisters arrived they jerked me down to the lawyer's office and had me removed as executor. In the end I bowed out of even the division of the estate. They still hate me anyway.

[leoniea]

Im a broker....i can draw up the trust and manage it . Right ?

[ukelilly]

what is involved in managing a trust ? esp for a trustee assigned to your real estate ?

[helprehouseourvets]

Ok but what about the talk of setting up a trust for your business then a Holding Company and then an operational company/ business to keep your name off of documents?

[laurenbidigare]

My parents set up trust with my mom’s money. Mom passed and now dad thinks he can give to his new girl friend.

[iwatchvideos]

Better keeping the cars out of the trust, no?

[MISFITPUNK]

Does that say "Black Boy Trust"😂

[rubybanuelos]

Why is black boy trust written on the board?