7 Revocable Living Trust Mistakes YOU Must AVOID

Are you considering setting up a living trust? Watch our latest video to avoid costly mistakes and ensure your estate plan is rock solid. In it, we discuss seven huge revocable trust mistakes and how to avoid them.

In this video, you'll learn:

- The primary reasons people use living trusts, including avoiding probate and maintaining privacy.
- How living trusts help in creating a lasting legacy and controlling your estate from beyond the grave.
- Common pitfalls, such as not getting a proper living trust and the drawbacks of testamentary trusts.

Join us as we discuss essential estate planning tips and help you navigate the complexities of setting up a living trust.

Don't let your hard-earned assets get caught up in costly probate processes or become public records.

Secure your legacy and provide for future generations with a well-crafted living trust.

🔔 Don't forget to subscribe for more insights on real estate investing and business strategies!

Show Notes:
0:00 Intro
3:04 Didn't Get A Living Trust
4:12 Fund The Trust
6:03 Assets With Beneficiaries
7:58 Poorly Drafted Trusts
11:15 Making Beneficiaries The Trustee
13:00 Thinking About Asset Protection
14:31 Living Trust is All You Need
16:30 Final Tips
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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.

#revocablelivingtrust #tobymathis

[ChristopherMaas]

The need for a living trust has just come to my attention. Everything baffels me! I don't yet know the questions to ask. Watching all your videos for starters... I so appreciate you!

[sandraohene]

Thank you! Great info! I have an irrevocable living trust and have some questions. Would be grateful for a free consultation. Thanks

[sandrafreeman]

Well done. Thanks. Explained very simply.

[camuchanomellini]

Thank you Thank🤩🤩🤩 you Yes I have it. did it when my son was 6 years of age. Now he is 26 and I need to re do it no idea how to start a friend helped me years ago. any advice where to start?

[paulinedawson]

Yes we have all that. Thanks- makes me more comfortable.

[williamgarrett]

enjoyed your video, no do not have a living trust yet, thinking of starting 1 with Community CPA next month July!

[Newtruth]

Yes I have a living Trust but looking for LLC

[PatDuffy-bz]

We live in a community property state and have two homes side by side in both our names as well as in our disabled daughter’s name. We have one Ira account, no life insurance. What would be the benefit of a living will?

[Hi-jxoe]

How did the state take the money if a trust is private?

[ocean]

PLEASE MAKE A CLEAR CHECK LIST THAT CAN BE COPIED
THANK YOU FOR YOUR VIDEOS

[gragmgorski]

I want to do a living trust with "Trust & Will" on line. Is that a safe way to create a "Living Will"?

[willmallory]

9:04 Would a Special Needs Trust avoid the state from taking the money? The military recommended this, your thoughts?

[midnite]

Hi Tony
Can you use a living trust
Just for the privacy of a bank account,
If it has an ein number?
Thank you!

[EstatePlanTrustVictims]

Let’s be honest the Estate Planners don’t know what they’re doing and using an easy to forge Trust that cost my family a million dollars in Trust Probate. Hire a NICER approved inheritance Lawyer with forgery proof documents, like the Interdiction Living Trust.

[billstephens]

How much do Trustees charge at a Bank?

[lindawade]

I have a revocable trust but don't know if it is a living trust.

[aaa-pp]

I don't know if I can trust a CPA or attorney as trustee.

[roryp]

BETTER POST THAN theone where you have a chart titled with 7 mistakes

[Armand]

If I put all of my liquid assets in a trust how do I leave a specific amount of money to someone? It seems that you can leave an entire bank account but you can't leave a specific amount of money to someone.

[frankm]

I was told that you could not govern from the grave when it came to a living trust.