I would like to see a diagram that shows The steps of how Trust relates to a Holding company and how the holding company relates to LLC's that control the Assets.

@savoirfaire312

Жыл бұрын

Me too!

@rudolfcanvey799

Жыл бұрын

Amen

@mstinamarie702

Жыл бұрын

Me too

@Massivedrawer15

Жыл бұрын

Me too

@user-no4sr2jp6r

Жыл бұрын

Talk to cpa lol

I’m 23 years old and I came across this video, I appreciate this content. It was very informative.

YOU ARE SO VERY EDUCATIONAL AND KNOWLEDGEABLE

Pay self thru a trust account like Warren Buffett

Thank you for sharing this info! I would very much appreciate a video outlining the differences between a Will and a Living Trust. Thanks again!

Very clear explanation. Thank you.

That was an amazing and informative video my brother!

Definitely making my kids watch 300 lyfe accounting videos before they inherit my $47 trust fund

@auntyb4130

3 ай бұрын

U mean 47 million dollars trust fund😂😂😂😂......I pray u get this money if not already in ur possession😂😂

Thank you!!! This answered all my questions.

Thanks so much for very informative information about the Trust Fund. Yes, we’d like to educate more about between the Will vs The Trust fund. Thank you. 👍

@tuwannarico

8 ай бұрын

Will has to go to probate court!!

I always appreciate the insight. 👍🏾🤞🏽 Thank you so much for caring and sharing🙏🏽💯🎉😍

thanks, your video was helpful!

Awesome video! Thank you! ❤

thank you for this knowledge, blessings!!

Thank you so much for the info! Btw, I like the way you emphasized the words “TRUST FUND” every time you said it lol

Great info. Thank you.

Thank you for making this video with such a wealth of information🙏

Thank you ,good information/straight to the point.

@LYFEAccounting

2 жыл бұрын

Thanks!

Very interesting information because I didn’t have no idea. Thanks for the information. Keep up the good work as a matter fact I need one.

Thank you, this was very helpful!

liked and subscribed. thank you for the education

Great video! I would love to see one on trust vs will.

Excellent...thank you!

Very informative 🙏🏾👑 Please Make one on trust VS a will

Thank you!

Yes make an in-depth video on a trust fund and will. Great video by the way.

Thank you for sharing 😊

Thank you for this video

Make a video about wills verse trust funds

@LYFEAccounting

2 жыл бұрын

Thanks for sharing, duly noted!

@kelechiajayi3049

2 жыл бұрын

☝🏾☝🏾This!

@daddyomountain2840

9 күн бұрын

A person receiving anything from a will can be taxed for the things they inherit.

Great information, thank you for sharing 👏👏.

nice, thanks giving an overview of "how" to do it.

This was very informative.. Thank you☺️👌

Thank you.

I e watched several videos on this and you are the first to give understanding of how this works. Please send me the video about will and trusts.

Did u ever make the other video? I’m about to search now but i still had to like comment and subscribe first

This guy got jokes, he's great

Really nice explanations..

More please.!...trust funds vs will, revocable vs irrevocable, foreign vs local

@LYFEAccounting

2 жыл бұрын

Ohhhh great topic suggestions. Will talk to the team about adding them.

Great information

I totally need to explore/learn about trusts' & wills. Definitely need the piece of mind knowing what'll happen with my things after I pass away! Love LYFE Accounting on KZread!

@LYFEAccounting

2 жыл бұрын

Exactly, planning is key. Thanks for your support!

Yes please post video trust vs will.

Excellent....

Great info, please make the more in depth video on Trust

Haha love the intro!

Thanks for explaining what is a trash can you make a video showing step-by-step on how to set up a trust where to go who to contact etc. etc.

good information and good presentation

all this sounds great, but before doing all of this you mention revocable many times, so what is the difference between revocable and irrevocable? non of this makes sense until we know the answer to this question?

Yes

Please do, you the best. Actually all of you guys are outstanding 🥰

@LYFEAccounting

2 жыл бұрын

Wow, thank you so much. Means the world to hear that, 💯

😂😂 the opening statement

I would love for you to make comparison video of trust fund vs a will. This is great educated info ppl really don't know these are anyone's options

Agree with the comments on a video comparing Trust Funds and Wills. Great content as always!

@LYFEAccounting

2 жыл бұрын

Thanks, Benjamin! I am getting close to adding "Trusts vs Wills" to the video queue, but we'll see...

Yes. Pls do wills vs trust

@LYFEAccounting

2 жыл бұрын

Noted, thanks for sharing your opinion

Yes, I would like to know the difference between a trust and a will.

Thanks for a step by step overview of what’s involved with creating a trust but by no means was this a step by step creating a trust fund

yes dance its soo fun!!

Yes please make a video of differentiating wills from trusts. Also is a trust an account? How do you create a living trust? Can you use a trust to buy items or property through your trust? Would it effect your taxes?

@LYFEAccounting

2 жыл бұрын

There are no real tax implications of a trust and you can (and probably should) use it to buy property or other assets. A trust is just a legally binding document.

@triciaeggleston2694

Жыл бұрын

What’s the benefit of getting a EIN form 98 for a Trust?

Great Video. We had a will for years and recently created a Trust since we have Rental Property Out of State so we wish to avoid Probate.

@LYFEAccounting

2 жыл бұрын

That is awesome! Thanks for sharing

@LoveConquerz

Жыл бұрын

Did u go to a lawyer or did u do it yourself

@SpartanOfFinance

Жыл бұрын

@@LoveConquerz the company I work for had a legal benefit through ARAG so we used one of their lawyers to draft it up. It was a multiple step process as they asked us what we were trying to accomplish and I asked for some changes added. In some cases trusts through these types of legal services can be basic but the lawyer we worked with was very helpful and accommodating.

At 10:10 you misspelled argument bro. Great video.

Pretty good opening joke 😂.

Yes, make the verses video please.

Thanks so much for straight forward presentation but can you all explain the steps and process to move assets into the Trust? for example bank accounts, real estate and retirement funds. Is it as simple as adding the Trust as the beneficiary of the bank and retirement accounts? Please explain the process for real estate with a mortgage. Thanks! you are the best!

If you have not already done so, please do the will vs. trust fund video.

Is a revocable trust and pour over trust the same thing?

Yes, that was my next question, What's the difference between a trust and a will?

When should an estate be created? For an example: as soon as a business is started, when the business becomes profitable, what is the minimum value 10k, 25k, etc. Or can you wait until things are established and profitable to obtain an estate and transfer everything over to the estate?

So where would you go to get a trust fund? Are there like certain places that you can go to shop around? Or how does it work?

Will vs Trust. That's a great idea. I click like on any of your videos before watching it because I am already sure of the quality of this channel. Each of you are special. I am impressed how concise and clear are the videos. Thank you very much. Alberto.

@LYFEAccounting

2 жыл бұрын

That means so much, thank you, Alberto!

Yes, definitely make a video comparing a will versus a trust fund.

@LYFEAccounting

2 жыл бұрын

Coming soon!

Can we include items that are currently still being leased or financed (vehicle that isn't paid off or properties)?

I have some property (house and barn with a rental apartment upstairs) I purchase to turn into businesses. Do I have to make a legal transfer as in when I purchased the property? Or is it just listing it in the Trust papers?

Question:What if you have and S-Crop

Which would benefit my family most a trust / will?

"Deaf" and taxes

Please make a difference between a will or trust fund

Please make the video of the difference of will and trust funds

@LYFEAccounting

2 жыл бұрын

Thanks for chiming in on this, will consider adding it to the queue if more comments come in!

@chawanneburns9100

2 жыл бұрын

I can help secure fundings.....

Hi have a question , if you don't have a lot of money what the minimum you could start with

I’m 24, learning about trusts, trust funds, llc’s, ein’s, c-corps, and so on, but I’m still not sure what the best way to invest is. I’m not sure what I should do first, can anyone enlighten me? I have no mentors, no parents, no siblings, no kids, and most importantly, little bills, but I want to provide for my nieces and nephews and end my families streak of poverty, But failure would be devastating. I’m afraid of starting a family without financial security.

@karlsmith2451

2 жыл бұрын

You're thinking right bruh. Save as much as you can. You can invest small at first.

@frotercannon2740

Жыл бұрын

Don’t save, interest rates are crap right now. High risk high reward is the only way.

Hi,I also would like to see a diagram,the steps for setting up a trust and its relationship to a holding company……Thanks in advance……..

What happens if we use an institution as the trustee and it goes oit of business of something what does the beneficiary do?

How much money is needed to open and start a trust fund?

🔥

You will know beyond, your thoughts

If I wanted a huge drawn out story about WHY I damn sure would not have clicked a HOW to video. If someone didn't already know why they should use a trust...they probably would not have clicked a video on how to. KZreadrs never want to get to the point.

Please let me know how to create a trust fund for business purposes

2:13 begins

Where can I go to start a trust fund??

Thumbs up for the dad joke 😄!

D I A M O N D 💎 J E W E L E R support your boy DECENTRALIZED DIAMONDS .

Nothing was great about Benjamin Franklin 😕

Trust fund versus a will

Hello, Can you use an assignment to transfer real estate, brokerage accounts and LLCs to your irrevocable trust without changing the deed at the courthouse?

@taneshiajefferson5096

Жыл бұрын

Where are you from Derrick?

@dman10000000

Жыл бұрын

@@taneshiajefferson5096 , South Carolina

Trust fund vs will

Isn't a trust fund better because your beneficiaries won't have to pay taxes on the money distributed to them?

@isaiahpedraza66

6 ай бұрын

I believe so, but I too would like to verify this.

How do I find these lawyers

How can I find out if a trust fund has been established after a loved one has passed? Where to begin a search?

Does adding My Rental Property and each one of my other businesses (that are all on the same property) prevent them from paying taxes?

@LYFEAccounting

2 жыл бұрын

A trust fund is a great way to transfer your assets like your rental property without triggering a taxable event

May I get a consultation? How do I reach out to u?

Well you did not show us how to set a trust fund. You talked about setting up one, a couple reasons why & suggested a couple websites or a expensive attorney.

After the conditions are met by the beneficiary, are the funds in trust funds taxable? Do you need more than one trust fund for multiple beneficiaries? Would like to see the video on Wills vs Trust funds! And I TRUST that you WILL do another corny joke 😆😁

@LYFEAccounting

2 жыл бұрын

Hey Bree, so it would depend on if there were any realized gains on the assets within the trust. For example, if there was $100,000 cash in a trust fund and that money was already taxed, then there would be no need for the beneficiary to pay taxes. But if there were $100,000 of stocks in the trust fund and that appreciated to $120,000 before it was distributed then you would need to pay taxes on the $20,000 amount. Does that make sense? I may do a video on this too. And I love that joke hah, I might use it in the next video! .

@breew2968

2 жыл бұрын

@@LYFEAccounting that makes sense! Thanks!