Estate Planning Alert: How Trump's Win Could Impact Your Legacy

Join Toby Mathis and expert estate planning attorney John Anderson as they explore the winners and losers of tax planning under recent political shifts.

This discussion dives into how the expiration of the Tax Cuts and Jobs Act impacts estate planning and tax strategies, especially with the looming 2025 exemption sunset.

Contact John

Learn about popular tools like Spousal Lifetime Access Trusts (SLATs), their advantages, and potential pitfalls like losing the step-up in basis. Discover what steps you should consider taking now to maximize tax exemptions and protect your assets for future generations.

Don't miss these invaluable insights for savvy estate and tax planning!

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

Show Notes:
0:00 Intro
1:12 Trump Tax Cuts
3:33 Two Important Notes
6:45 Estate Planning Mistake
11:10 What Should We Be Doing?
14:00 Case Example
17:48 Charitable Giving
21:18 Final Notes
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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.

#estateplanning #estatetax #trumptaxes

[rickydenigro]

I love this channel so much I watch everyday at work

[jasneskis]

Get rid of estate tax. I put all assets in living trust to avoid probate and tax. I hope that’s right. I don’t know how assets will change ownership name and tax ID# after death.
Is it true beneficiaries are not responsible for taxes owed by dead person?

[yuanyuan]

I love this channel and appreciate the sharing from Toby🎁

[henrydgrr]

We already paid taxes when we bought our house why do we have to keep on paying taxes🤔

[aleciap]

How many taxes does one person pay any form of government in their lifetime? ( in United States)?

[avayu]

Most of us have done the estate planning and distribution already. But all of us continue to pay into the tax system already. Bitcoin is vaporware! Great channel thank you.

[vb]

Have seen a lot of lawyer programs on trusts and will inheritance issues but never one on using an account Transfer-on-death provision in lieu of these. There are TOD provisions for the house as well in my state. It seems simpler. Are there any nuances for Transfer-on-death or is thus not something lawyers talk about because it generates no income for them.

[makiavelli]

Estate tax is evil; if that answers the question. Thanks for the vids. They are very helpful in preparing me for what will come in the near future. Just watching your vids have saved me thousands of dollars paying accountants, lawyers, estate planners and the government. I'm more prepared to understand and make choices when an elderly aunt of mine passes.

[lauriaktahi]

our estates have already been stolen, for Generations.
research the birth certificate accounts and the morte main
accts. start praying for NESARA
so we get all our estates returned.