What is a Living Trust and What are the Benefits? (Living Trust 101)

Тәжірибелік нұсқаулар және стиль

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Chances are you have heard of wills, and there are reasons for that. However, we are here to discuss living trust and its benefits.
Welcome to Living Trust 101!
Living trusts offer advantages for people that wills do not. There are too many people in the world who are naive to the difference a living trust could make for their heirs.
Could you benefit from a living trust? If so, how?
Watch our video to learn more about the advantages and disadvantages rough on by living trust and wills. Some lawyers may try to hide living trust from you, but Toby Mathis is here to educate others and explain things for your benefit. Watch the video till the end to gain the most from the content.
We would like to thank our viewers for watching this video and how you found the content useful to some degree. If you enjoyed this video, then support the channel by liking it. Furthermore, we love to see your questions and opinions in the comments section, so please do not hesitate to reach out to the community. Lastly, subscribe to the channel and share it with those whom you believe can gain something from watching our channel. As we upload regularly, we hope you join us again soon for more content.
If you would like to learn more about Toby Mathis, Esq. then please visit
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0:00 - Intro
2:25 - Part 1 - Intestate
5:13 - Part 2 - Will
8:29 - Part 3 - Living Trust
12:37 - Will vs Living Trust
18:17 - Closing remarks
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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. of the information contained herein without seeking professional legal advice.
#Wills #LivingTrust #101

Пікірлер: 2 000

  • @TobyMathis
    @TobyMathis2 жыл бұрын

    Have questions about this video? Sign up for a free consultation to get your questions answered by the professionals. 👉 aba.link/7f2

  • @lonnieaka.justincase3450

    @lonnieaka.justincase3450

    2 жыл бұрын

    Someone just stole my food friends home!!!!!! What can I........how can I help her get her home back?

  • @christydecker9901

    @christydecker9901

    Жыл бұрын

    @@lonnieaka.justincase3450 44⁴44⁵

  • @patryciasanchez4735

    @patryciasanchez4735

    Жыл бұрын

    @@lonnieaka.justincase3450 hu

  • @patryciasanchez4735

    @patryciasanchez4735

    Жыл бұрын

    @@lonnieaka.justincase3450 ghyjjjjjjju chi uhhh u giî

  • @patryciasanchez4735

    @patryciasanchez4735

    Жыл бұрын

    U

  • @nancygreen8186
    @nancygreen81863 ай бұрын

    After my dad died and my mom had a little Money. I told her mom go out and buy yourself some new furniture . Buy a nice washer and dryer. Go to bingo everyday if you want to. My mom scrimped and saved all her life because we were poor. When it was my birthday I honored my mother because she carried me for 9 months and gave me life. When she died I was devastated. She left a couple thousand dollars to me and I couldn't even spend it. I kept thinking about the time she could have used it when I was a little kid. But she did go out and treat herself to New furniture and did spend most of it. She had a stroke and I was there every day. I didn't even think about my job. I thought how many times she sacrificed for us. Please be good to your parents. They gave you life.

  • @memeyers1962

    @memeyers1962

    2 ай бұрын

    I know how you feel. My mom lived with us the last 17 years of her life. When she got sick i didn’t hesitate to care for her. I was honored to see the woman brought me into the world out of this world. My brother who did nothing in the last 17 years for her. When she needed new tires i informed him she didn’t have the money….crickets. My husband I cover 60% (all we could afford). Over the years i provided for her as she provided for me growing up and a few times as an adult. Do you know he took 1/2 her insurance after burial expenses, but he did let me keep all funds from the sale of her car ($3000 after my expenses waiting for probate). Wasn’t super nice of him? Forgot to mention her insurance was only $25,000 after expenses. I’m feel greedy, but if the roles were reversed I wouldn’t taken half, if any at all.

  • @celiafish

    @celiafish

    2 ай бұрын

    Thanks for sharing! ❤❤

  • @evafisch2498

    @evafisch2498

    11 сағат бұрын

    ​@@memeyers19620

  • @rebelduck9077
    @rebelduck9077 Жыл бұрын

    I am an only child and my parents have been advised by their lawyer to make sure they have a living trust and not just a will. My mom literally said to me: “we don’t want to put you through the nightmare of the courts”. Their lawyer is a knowledgeable person and Toby thanks for explaining everything.

  • @MsDsaunders

    @MsDsaunders

    20 күн бұрын

    Good thing. Going into probate court takes 42%, per our living will trust attorney. I highly recommend a living will trust.

  • @FallonFace
    @FallonFace Жыл бұрын

    My dad passed away last December. He mentioned he wanted to go get a living trust done, but unfortunately he got sick and passed away before he had a chance. We are still in probate court and it's been a nightmare, not to mention expensive! We have been paying on his house for almost a year and just received the right to sell it from the courts. Get it done sooner than later folks, my dad thought he had time but you never know!

  • @TobyMathis

    @TobyMathis

    Жыл бұрын

    So sorry for your loss!

  • @patriciabroderick3436

    @patriciabroderick3436

    Жыл бұрын

    I have a revocable trust, is that a living trust?

  • @joellenbelloli1349

    @joellenbelloli1349

    Жыл бұрын

    @@TobyMathis I have a similar situation, my father had been prompting me to set up a special account; the last 5 years saying that I have an inheritance, & so it doesn't affect my Social Security disability and Retirement income. I looked & only thing I found was to put it in an educational savings account for a time & amount dispersement; Is there anything better to secure my inheritance without pay taxes, or affecting, lose my SSDI INCOME!? ALSO my sister's KEPT ME in the dark, not inform me of anything till after. NOW there trying to lead me to believe there is no WILL; that DAD WAS BROKE, & THEY HAD TO SELL EVERYTHING TO PAY HIS BILLS and I was MIA (missing in action for so long, & not keeping in touch) they my two younger & one older sisters "didn't want to be responsible for ME. Tried to find some Legal advice FOR HELP. All Attorney said "to find out if Will was in Probate" couldn't find anything,

  • @elephant637

    @elephant637

    Жыл бұрын

    I'm sorry for your loss. Thank you for the warning.

  • @skipperx5116

    @skipperx5116

    Жыл бұрын

    @@patriciabroderick3436 yes

  • @markneuman2070
    @markneuman2070 Жыл бұрын

    Excellent information, our family is fractured now because of a will that was changed days before dad died. Resentment, envie, and greed motivated a couple siblings to prey on his despair and get him to change his will. My wife and I will set up a trust for ourselves so our heirs don't end up going through what we experienced. It is beyond my comprehension why siblings plot to hurt one another, but the love of money does funny things to people.

  • @kellidawn4148

    @kellidawn4148

    Жыл бұрын

    Amen it is sad people fight over things that can be replaced but the loved one dying no matter what their past is like you cant replace a loved one simple and to fight over it is sad belonging dont replace them the love they gave you and memories are the key to healing your heart and keep a loved ones memory alive

  • @paule5662

    @paule5662

    Жыл бұрын

    Hi Mark! Sorry, you experienced such heartache and broken relationships. I pray one day your family will realize the foolishness of their ways and seek reconciliation. PRAY! God's word does not leave any room for excuses, "The love of money is the root of all evil!. Your heirs will thank you. Blessings, Karen

  • @markneuman2070

    @markneuman2070

    Жыл бұрын

    @@paule5662 Thank you

  • @4wchitstands

    @4wchitstands

    Жыл бұрын

    I know the feeling, im on my 2nd dealing with thievery in my family. 100s of thousands were stolen and last wishs not fulfilled. Its so important to have your affairs in order.

  • @markneuman2070

    @markneuman2070

    Жыл бұрын

    @@4wchitstands Sorry to hear that John. Don't get too caught up in it. It took me down a dark path for months. I am doing better for it, when I accepted it as a blessing and a lesson. Unbelievable how much abundance we have been blessed with since we had been taken advantage of, but God answers prayers when you show gratitude. Try to be thankful for all life's blessings, even the negative ones. Let go and move on, or it will consume you.

  • @lilacbazzi493
    @lilacbazzi493 Жыл бұрын

    Thank you for explaining Living trust versus Will in a very clear way. I have never heard explained as simple and as you'd done. This is going to be a game changer for a lot of people listening to this.

  • @ksmith2852

    @ksmith2852

    Жыл бұрын

    Don't do it. It only benefits the attorneys. Almost 70 percent of living trusts are never funded. Meaning the trust is like a shopping cart and your assets are like the products you put in a cart. Everytime you buy an asset, or sell an asset, guess what..the estate planning attorney or CPA will charge you to update the trust and it is not cheap. Furthermore, if you try to say get a mortgage but your securities at a brokerage are held in the trust you will have to get a notarized ($$$) copy of the trust not just show them your statement from your brokerage.

  • @TimofeyAsyrkin

    @TimofeyAsyrkin

    Жыл бұрын

    @@ksmith2852 Do you know approx how much the transactions you mentioned approx cost?

  • @clarkkinnison3777

    @clarkkinnison3777

    Жыл бұрын

    ​@@ksmith2852 So, what do you think is better??

  • @TobyMathis

    @TobyMathis

    11 ай бұрын

    @@ksmith2852 Thank you for voicing your opinion. I disagree, but get where you are coming from. Lawyers make billions (with a "B") from probate fees. According to studies, including AARP, the average costs of transferring assets via probate are in the 15-20% range. There are also things like financial & health matters during your lifetime - both of which are also addressed in a living trust. Even unfunded, a living trust is better than a will as there is still a pour-over will included in a living trust that dumps everything into the trust. What it eliminates is public disclosure of what is going to whom as well as the litigation between beneficiaries. Too much here for a simple response, but suffice it to say, I disagree.

  • @realestateinmiamiflorida1513

    @realestateinmiamiflorida1513

    8 ай бұрын

    I love your videos. They have so much important and eye opening information❤

  • @DaveT0818
    @DaveT0818 Жыл бұрын

    I think it's important to define the differences between revocable and irrevocable trusts... specifically the ability to shield assets from consideration regarding Medicare and nursing home costs.. please consider including this in future videos

  • @heathersky8447

    @heathersky8447

    2 ай бұрын

    One of the ways to shield assets from medical costs is to get a special needs trust and appoint a fiduciary to oversee it.

  • @mgwright56

    @mgwright56

    2 ай бұрын

    Neither of the statements above are correct

  • @teefia4506

    @teefia4506

    2 ай бұрын

    ​@@mgwright56😂😂😂😂

  • @RM-pq7vx

    @RM-pq7vx

    Ай бұрын

    @@mgwright56 please explain on what you mean by that. Thank you.

  • @mgwright56

    @mgwright56

    Ай бұрын

    @RM-pq7vx just be very careful how you attempt to shield assets from Medicaid. Do not try to use an internet company. Find an elder law attorney.

  • @jamuth5111
    @jamuth5111 Жыл бұрын

    I am a young accountant (just graduated college and am working towards my CPA) I just want to say that your content is wonderful and that your breathe of knowledge is something I am going to strive for in my career.

  • @liagarden

    @liagarden

    Жыл бұрын

    Breadth

  • @apply_pressure

    @apply_pressure

    Жыл бұрын

    LMAO... it's actually "breath" but if you wanna keep it going it's"bref"

  • @MIZZAY1000

    @MIZZAY1000

    4 ай бұрын

    breadth OverviewUsage examplesSimilar and opposite words Dictionary Definitions from Oxford Languages · Learn more noun the distance or measurement from side to side of something; width. "the boat measured 27 feet in breadth" Similar: width broadness wideness thickness span spread diameter beam wide range or extent. "she has the advantage of breadth of experience" Similar: range extent scope width depth amplitude extensiveness comprehensiveness all-inclusiveness spread sweep reach compass magnitude scale degree Opposite: narrowness limitedness DATED a piece of cloth of standard or full width. plural noun: breadths​@@liagarden

  • @sashaorisik

    @sashaorisik

    2 ай бұрын

    👋 😊 can I have your Instagram, tanks

  • @29aaronjones

    @29aaronjones

    2 ай бұрын

    not quite , its spelled bredth@@liagarden

  • @ronaldjeffersonjr
    @ronaldjeffersonjr8 ай бұрын

    How is content like this just sitting free here on the internet? This was AMAZING!! Life changing even. I've never heard anyone articulate how to nuts & bolts build a legacy. The thought has always been desirable but intangible. You made it plain. THANK YOU!!! This was the answer I was looking for.

  • @bluelady214
    @bluelady214 Жыл бұрын

    I envy my dog's carefree life after watching this video.

  • @chetsjug
    @chetsjug Жыл бұрын

    In California if your estate is over a certain amount they take something like 58% for probate. My best friend growing up lost Millions before they got done because his parents refused to put anything in a trust because they thought somebody would steal the trust from them and other silly rumors. They have four houses and a total of six million dollars in the estate. There was only him and his brother the brother who was causing all kinds of trouble. They had two boats but his brother wanted both boats stuff like that. Before probate was done a 6.5 million dollar estate dwindled down to 1.2 million each for the brothers. You better get a trust combined with a will.

  • @zarfer
    @zarfer3 ай бұрын

    Wife and I did a living trust in 1992. She passed in 2015. Just sold our house which was in the trust. Found out one half of the estate was in my name and the other half was in the trust. I was shocked when the title company informed me. I received a check for half of the proceeds. The other half was a check made out to my trust. It has to be deposited to our trust bank account which we never had. I hope to see my attrney at church Sunday to see what I have to do as my credit union will not allow me to deposit the check. Talked to the bank the check was drawn on and was told I have to have an acount with them and then establish a trust account. Really perturbed at the attorney which set it up but he is long gone from here.

  • @troyph269
    @troyph2692 ай бұрын

    From one attorney to another - Excellent presentation Counselor!

  • @TobyMathis

    @TobyMathis

    2 ай бұрын

    Thank you kindly!

  • @caut176
    @caut176 Жыл бұрын

    I had to watch this a few times to make sure that I wasn’t missing anything. Thank you for breaking this down so that anyone can understand how to protect their family. Great video!

  • @TobyMathis

    @TobyMathis

    Жыл бұрын

    Glad you enjoyed it!

  • @Ginger-B153

    @Ginger-B153

    2 ай бұрын

    Amen!

  • @madragna57
    @madragna5710 ай бұрын

    I have a living trust. The attorney that wrote it tried to do a will. I am so glad I didn't. The cost was $675 for the trust or $2000 for the will.

  • @dzrtfleet3596

    @dzrtfleet3596

    3 ай бұрын

    Did you do it with Toby?

  • @ExtraordinaryLiving

    @ExtraordinaryLiving

    2 ай бұрын

    What?!? Did you get the costs reversed? Only $675 for the trust?

  • @beautyallure45

    @beautyallure45

    2 ай бұрын

    Yeah that doesn't sound right@@ExtraordinaryLiving

  • @davidcoronas4348

    @davidcoronas4348

    2 ай бұрын

    Where do you live

  • @kel3678

    @kel3678

    2 ай бұрын

    Probably a pour over will.

  • @jcfc8197
    @jcfc8197 Жыл бұрын

    Just went through probate of my dad’s estate. He just had a Will and left me everything. He should of done a Living Trust. Probate was a nightmare.

  • @RG-hf4et

    @RG-hf4et

    7 күн бұрын

    The problem is people are not educated in living trusts. I was familiar with them. I talked to my sister who is the executor of my dad's will & then we both talked to our 91 year old dad about setting up a trust. We explained it would make everything flow easier in the future. Everything would be organized & easy. When our mom passed, it was a lot of paperwork, phone calls, transferring everything everything to our dad, etc.....He saw what a hassle that was & that is why he agreed to do the trust.

  • @chocothemagnificent1019
    @chocothemagnificent1019 Жыл бұрын

    That is the most digestible explanation of the scenarios I've ever heard. Thank you Toby!

  • @TobyMathis

    @TobyMathis

    Жыл бұрын

    Glad it was helpful!

  • @LP-gs3xj
    @LP-gs3xj2 жыл бұрын

    Well done. I have one and forced my mom to set one up. She was on the receiving end of my grandmother’s estate - no will. Her sisters fought over tea cups. At the end of the day they never spoke to each other again. Easy Peasy estate settlement if you have a properly st up trust.

  • @ksmith2852

    @ksmith2852

    Жыл бұрын

    The Living Trust will do nothing about tea cup battles. Whoever gets into the house after the person dies will take the tea cups, photo albums, hard drives, safes and all technology. That's how it works in real life.

  • @LP-gs3xj

    @LP-gs3xj

    Жыл бұрын

    @@ksmith2852 True. Relationships ruined. On the other side my kids- minimalists- don’t want anything. My wife is an only child and has heirlooms back to her grandparents.

  • @deirdremorris9234

    @deirdremorris9234

    11 ай бұрын

    @@ksmith2852 Maybe its best to just give stuff away begor you die? I took 2 weeks and copied Every picture from 25 years and put them on several flash drives for my kids. So no fighting over albums. Got any suggestions? I dont want my kids fighting.

  • @Ginger-B153

    @Ginger-B153

    2 ай бұрын

    ​@@deirdremorris9234Also hard copies are most preferable backed up by digital ! So you may want to recommend to the beneficiaries a printing!

  • @nina_g6857
    @nina_g68572 жыл бұрын

    I’m a paralegal probate law you are so right! Living Trust is the way to go. Lawyers push Wills but the cost before & after is $$$$$$$$$ and the effectiveness of a Will is almost nonexistent.

  • @ptdghost1886

    @ptdghost1886

    2 жыл бұрын

    What about contesting a living will to get a delayed Birth certificate.

  • @ptdghost1886

    @ptdghost1886

    2 жыл бұрын

    You see I have been trying to get a delayed Birth certificate. And the City Clerk Said I have to go to probate court to get it.

  • @chronicles661

    @chronicles661

    2 ай бұрын

    I have a question for you my grandfather passed away a couple months ago. He was living with his girlfriend for 25 years they’re not married he left two homes a couple of properties, some Ira account and a couple of vehicles. His girlfriend is living with him, sell any of his vehicles under his name Without having a will or a living trust ?

  • @Govenor73
    @Govenor73 Жыл бұрын

    Thanks, I've been interested in a living trust for some time and finally someone explained it where it makes sense!

  • @ksmith2852

    @ksmith2852

    Жыл бұрын

    Ask about the expenses. Everything you put something into or take out of the trust you will pay.

  • @Momzie808
    @Momzie808 Жыл бұрын

    I knew some of the information about Living Trust but not all, it was mind blowing to find out what you can do with a living trust and I really don’t think my dad knew that too because he left it to my sister and my niece and my sister (niece mom) took everything & still complained. There was provision for all his grandchildren but my sister turned around sold all the property and put it under her name because she was the executor. Now everything is gone, no one has anything and she even convinced her siblings to give her money because of property taxes which she pocketed. Greed beyond imagination! Thank you for this information, I will definitely look into this!

  • @TobyMathis

    @TobyMathis

    11 ай бұрын

    Thank you for watching!

  • @cherylfauth9543

    @cherylfauth9543

    6 ай бұрын

    She could have gotten in legal trouble as executor for not following the will. The executor is responsible to fulfill the wishes of the person whose will it is.

  • @akag-bomb5235
    @akag-bomb52352 жыл бұрын

    Toby, been watching you for years and learned a lot. But this is probably one of the best videos so thanks for some of the suggestions! My mom's one asset was a house that was purchased in 1977 for $40k but sold for $1.1m (California) when she passed last year with the proceeds sitting in a specialized account until distributions are made. She had Alzheimers but she passed peacefully in her home as outlined in her AHCD which was part of the set of legal documents she had set up in her living trust. As the trustee of her estate, I am witnessing firsthand the grief and greed that you so aptly described. The beneficiaries are pulling out the stops. One beneficiary asked for their distribution immediately after mom passed, another contested the trust, and the last has filed a petition to have me removed claiming I had undue influence over her when she named me the trustee. But the trust was set up in 1979 (updated every 10 years with me named as the successor trustee every single time) when she was of sound mind so the net effect is that legal fees can still drain the trust by belligerent beneficiaries. Yes, those legal fees will eventually be recouped at their expense. It's stupid though. My mom would be mortified if she knew what was happening.

  • @TobyMathis

    @TobyMathis

    2 жыл бұрын

    Thank you for watching us!

  • @DUALIAM

    @DUALIAM

    2 жыл бұрын

    So sorry for the lost of your beloved Mother. Thank goodness she had a trust. 🙏🏽💜

  • @loribridges7946

    @loribridges7946

    2 жыл бұрын

    Very sorry for your loss of your Mother. I am and was a trustee for several people & family members, the greed I see is beyond belief! And yes, it is so very stupid. And yes I got accused of influencing, but the funny thing was when we had asked the greedy beneficiaries to help me as trustee to take care of the person so they had an idea of what was going on and could be paid a wage from the estate (and end up getting more money in the end than the others because they were being paid out of the same pot), not a one would step up. They wanted the money without the work. LOL...greedy, lazy and stupid...just unbelievable. Take care of yourself.

  • @modestoma

    @modestoma

    2 жыл бұрын

    Very good presentation

  • @kellymeyon2360

    @kellymeyon2360

    2 жыл бұрын

    T

  • @gregperez919
    @gregperez9192 жыл бұрын

    Wow. I have struggled with thoughts of how to leave a legacy to my descendants. Your valuable advice is exactly what I needed to hear. Thank you so very much.

  • @TobyMathis

    @TobyMathis

    2 жыл бұрын

    You are so welcome!

  • @Splenda2021

    @Splenda2021

    Жыл бұрын

    @@TobyMathis 😊

  • @tracygaluszynski1868
    @tracygaluszynski1868 Жыл бұрын

    A living trust is the way to go. No messy probate. You as a trustee are that person when that person passes away. Everything goes to you.

  • @bryangriffin3139
    @bryangriffin31392 ай бұрын

    My mother-in-law had a trust and when she died, it was really hard but she had a living trust and all we had to do is open up the book and follow the instructions. It was so easy. I want to thank her for making it easy for my wife in this trying time, it was so easy I believe in living trust everything worked out properly. It was just perfect.

  • @Kim-hb8vh
    @Kim-hb8vh Жыл бұрын

    Got mines 30 years ago. No worries on my part. I’m good. 😁🤙🏽

  • @TobyMathis

    @TobyMathis

    Жыл бұрын

    Good to hear!

  • @Rocinante1963

    @Rocinante1963

    Ай бұрын

    Mine* ffs....smh

  • @lindakanoy9657
    @lindakanoy9657 Жыл бұрын

    Your explanations are refreshing and easy to understand. Thanks for taking the time. I have just become a new subscriber!

  • @RG-hf4et
    @RG-hf4et7 күн бұрын

    I live in NJ. A few years ago, my dad set up a revocable trust. We went to a local estate lawyer. His will got updated & everything-his home, stocks, etc.- were put in the trust. It wasn't hard to do & overall, it didn't cost that much, under $2k. Our family has peace of mind. When my dad passes, it will be a very emotional time for us. His estate will be be settled quickly. All the work was done while setting up the trust while dad was alive.

  • @mellymel9892
    @mellymel9892 Жыл бұрын

    And thank you for this great content you explained this better than every video I’ve watched on this subject thus far!

  • @jonnyboyGO
    @jonnyboyGO Жыл бұрын

    Thank you for taking the time to make this video and educating me on something so valuable, it’s much appreciated 🙏🏽

  • @TobyMathis

    @TobyMathis

    Жыл бұрын

    Glad it was helpful! Thank you so much for watching our content 😁

  • @Scott-cu4ol

    @Scott-cu4ol

    Жыл бұрын

    @@TobyMathis toby I’m trying to find the video you did explaining how to sell your home to either an LLC or an S corporation to take advantage of the $500,000 exemption if you’re married and having a new cost basis at the higher price for the LLC or S corporation. I told my lawyer about it and wanted to do it but he doesn’t think it’s possible. I’ve searched and searched videos and I can’t find it on your page or in my history. Thank you. Scott

  • @naterobinson1673
    @naterobinson16732 жыл бұрын

    The best ... stumbled here while switching bewtween 360 videos. I always wanted to do this. Been giving away $1,000s to family, strangers and organizations for years "just because..." This can help with my legacy versus giving 5 figures to my "beneficiaries."

  • @jamespuchong4429
    @jamespuchong4429 Жыл бұрын

    You are the true honest (these days rare) American. God bless you.

  • @nakishamelson9603
    @nakishamelson96036 ай бұрын

    I love love love the videos from Toby! They are all easy to understand and he breaks things down to where anyone can understand I will be doing a living trust. It makes so much more sense

  • @hjane57
    @hjane572 жыл бұрын

    I don’t even know how I ended up on this video, but I’m very thankful I did! Completely makes sense and need to share this with my mother who is stubborn as a mule. Thanks again!

  • @TobyMathis

    @TobyMathis

    2 жыл бұрын

    We are so glad that you found our video, thank you for watching!

  • @vnagawin4053

    @vnagawin4053

    Жыл бұрын

    @@TobyMathis how do you set up a living trust for ur would be clients in CA? How much do u charge for a simple trust?

  • @Splenda2021

    @Splenda2021

    Жыл бұрын

    @@TobyMathis 😊

  • @davidduquesnay8246
    @davidduquesnay82462 жыл бұрын

    Toby, just got acclimated with your videos including this one. Absolutely fantastic! Great job explaining everything clearly. You rock!!

  • @TobyMathis

    @TobyMathis

    2 жыл бұрын

    You rock for taking the time to watch our videos!

  • @ksmith2852

    @ksmith2852

    Жыл бұрын

    He only presented a very basic positive side of Trusts. He is a salesman. There is a huge dark side of Living Trusts. Do your research from sources who do not make money from you opening a Living Trust, funding and changing the trust, and administering it when you die. The last cost is hidden; you are dead so you can't complain about the charges and the beneficiaries don't know any better and have no recourse other than sue.

  • @WhoAmEye_WhoAreEwe

    @WhoAmEye_WhoAreEwe

    10 ай бұрын

    @@ksmith2852 👍

  • @vickileadbetter5574

    @vickileadbetter5574

    7 ай бұрын

    @@ksmith2852 Hi, I have read a few of your comments and wondering who you are and what you are doing for your family at death? I like to hear all sides. I have been trying to get things ready for my children when the time comes. You just seem to disagree with all he says, but I haven't seen yet what your solution is (maybe I missed it)? Thanks for helping me decide!

  • @heathersky8447
    @heathersky84472 ай бұрын

    My mother left me a sizable trust and when she predeceased my stepfather 5 years ago it became irrevocable. She named me as the sole beneficiary and my stepfather as the trustee. I never expected to inherit any money and was not surprised that I didn't when she died. What actually happened was that my stepfather spent over $200,000 of my trust fund on himself for non necessary items.( He was already very well taken care of by her pension, God forbid he should work for a living.) He also hid the fact that my mother had a trust fund for me and I didn't find out until he died a year ago. What could have been done to prevent this? Do I have any legal recourse or did he just get away with it?

  • @amarilyspinales-dugan8981
    @amarilyspinales-dugan89818 ай бұрын

    I know this is a yr old, but i like it. I am to create a living trust, but I do not know where to start. My husband and I are entering into 60 and want to prepare ourselves since our house will be pay off and our 2 children are older now and they can be administrator of the living trust.

  • @TobyMathis

    @TobyMathis

    8 ай бұрын

    Hi! thank you for leaving your comment. You can request a free 45-minute consultation to discuss our proven asset protection and tax strategies and how they apply to your unique situation. You can get it set up here! ------> aba.link/tobyss

  • @cherylleader1319
    @cherylleader13192 жыл бұрын

    This viedo is so beautifully done, I like the fact he called Aretha Franklin, Mrs. Franklin..showing me that he really care about legends and legacy. and taking care of your assets when you leave this world..thank you sir you are a blessings..I am running not walking to see a lawyer about a living trust for my family.thank you with all my heart😊

  • @TobyMathis

    @TobyMathis

    2 жыл бұрын

    Thank you so much!

  • @aglover6151
    @aglover615111 ай бұрын

    Just found your channel. Love how you explain the difference between will and living trust. Thanks for the information.

  • @TobyMathis

    @TobyMathis

    11 ай бұрын

    Thanks for watching!

  • @user-jh4qn3nm6b
    @user-jh4qn3nm6b7 ай бұрын

    Thank you sir for educating us about the trust vs will. I truly appreciate that!

  • @bjbalva
    @bjbalva10 ай бұрын

    I don’t have a legacy but this video was so amazing it shifted my perspective on income and privacy

  • @TobyMathis

    @TobyMathis

    10 ай бұрын

    I'm glad to hear that, I hope you check out my website for more free resources 👍

  • @atxlionheartdw
    @atxlionheartdw Жыл бұрын

    Sir, you are a BLESSING!!! My wife and I have been praying, and we have a Prayer Circle on our Ranch that we go to 2 to 7 times a day. I went there this early morning to beat this intense extreme hot(106°) weather. I watered, planted, arranged, and walked the circle praying for answers...I GOT IT, THROUGH YOU!! I came inside to shower and nap, then I pulled up my KZread, and your/this video popped up and stood out to me...at 1st, I was like, hmmmm, no likes, but tons of positive feedback and comments. I played it loud as I sat to eat lunch, so my wife could hear it too. We were at PEACE and CALMNESS came over us. Your genuine servitude, professionalism, transparency, and love for TRUTH is very evident, sir, and for that, I thank you, man to man. We have a 18 acres Ranch in the Texas Hill Country, built a 2 story Barndominium, and have a 2 acres stocked pond, plus 4 German Shepherds, 120 chickens and roosters, 17 ducks, and multiple raised Vegetable Beds. My mom and her brother STOLE my INHERITANCE that my dad left for my sister and I when we were 5yrs and 4yrs old, he was a 2 time Purple Heart medal recipient, and he loved us, I REMEMBER!! Long story short, he left everything to us in his WILL, but somehow, my mom assumed the role to dole out my sister and my FORTUNE, and USE it on herself and her new husband who physically abused and beat me naked on drugs listening to demonic music. Then my grandfather who took me under his wings, left me his fortune too, because I was 1st born, and I helped him clean up his rental properties and small lots around town, as my sisters and cousins MOCKED and LAUGHED at me because they saw HARD WORK and NO PLAY on the weekends A LOT. Fast Forward, my grandfather came down with Alzheimers, but before he lost his senses, he PROMISED me that he was leaving it ALL to me. Once he died, they buried him immediately, and TOTALLY SHUT me OUT, and Never Answered the phone and said that I wasn't allowed to come to their Mc Mansions. I was confused, angry, lost, and CRUSHED, because didn't know what was happening....NOW I DO!!!lol THANK YOU!!! What can we do to work with you on our LIVING WILL?🙏🏽 Father God Almighty, please continue to bless this humble giving gentleman who is freely giving crucial information and explanations from his BIG HEART. We pray he will experience a hundred, thousand fold increase in his business opportunities and clients, in Christ Jesus name, amen🙏🏽🤴🏼🙌🏽

  • @duvaldavis6053
    @duvaldavis6053 Жыл бұрын

    Very well done sir. Thank you for this video and its useful and clear content. I've been debating between a will and a living trust and now I know the living trust is the best choice for me and my descendants. Please keep up the great work.

  • @juilojeansimon4963
    @juilojeansimon4963 Жыл бұрын

    I'm glad I found your video information that is giving me a clue how everything is going in process information is the key for everything.

  • @mexist
    @mexist8 ай бұрын

    Seriously helpful and lines up with everything I learned going through this process. Super useful. I don't know if you've considered this before but if you were to find someone to present these in other languages such as Spanish and Mandarin, you would impact so many people. Stuff like this that is relevant to aging in the United States is almost impossible to find when English is not the first language. I've heard so many stories from first-gen friends with parents who are so lost but don't have the means to how lawyers, and don't know where to find this info. Thanks!👏🏼

  • @elaineash1557
    @elaineash1557 Жыл бұрын

    One of the best, clearest videos I've seen on this topic. THANK YOU! Toby is a natural on camera.

  • @hippocripocity
    @hippocripocity Жыл бұрын

    Good presentation you don't see lawyers giving this kind of advice out to the masses .

  • @armindagracia5857
    @armindagracia5857 Жыл бұрын

    I just wanted to say thank you for opening my eyes!

  • @desiralhagger4034
    @desiralhagger4034 Жыл бұрын

    Your video was forwarded to me by a friend and after watching your presentation, it was very informative and to the point. Thanks for sharing the knowledge.

  • @marvellblack4754
    @marvellblack47542 жыл бұрын

    Thank you very much you Have educated me too a better understanding I was going to do a will but now I don't think so

  • @George-xh1ti
    @George-xh1ti2 жыл бұрын

    Just well thank explained and straight up informative! Love it!

  • @emulevu
    @emulevu Жыл бұрын

    Thank you for taking the time to share this information.

  • @EustisRider
    @EustisRider3 ай бұрын

    Thank you so much. This is the information I have been waiting for. Now I will take action.

  • @jackiefenner8051
    @jackiefenner8051 Жыл бұрын

    Thank you, your video was excellent!! My mom 80, has a Trust and I had questions on it where I called the lawyer who wrote it up but even still, you were very helpful! :)

  • @cynthiagalarpe2830
    @cynthiagalarpe28302 жыл бұрын

    Very informative. We had an expired Living Trust from California but due to moving to another State kept me on delaying to do a new, too many changes. Thank you and I will make sure my husband will watch your video presentation.

  • @steveng8290
    @steveng82904 ай бұрын

    Thank you so much for the great information. Was going to do a Will. Now learned a LT is the way to go. On it!

  • @jeffcarpenter6306
    @jeffcarpenter6306 Жыл бұрын

    Thank you for the clear and precise tutorial on a Will vs a Trust.

  • @MsMcBell
    @MsMcBell Жыл бұрын

    I love your take on things! To the point and not greedy, which is something one sees very seldom nowadays! Kudos! ❤️ 👍

  • @reginacarroll8149
    @reginacarroll81492 жыл бұрын

    First I've heard of a living trust. Thank you for the info!

  • @johnmastro1588
    @johnmastro1588 Жыл бұрын

    Awesome video my mom's 88 I've been trying to tell her about living trust the last 2 years it's like a flock of geese flying over a head this is the way to go!

  • @paofuelo300
    @paofuelo300 Жыл бұрын

    Thank you. Clear cut explanation. New sub for sure.

  • @roberttaylor5072
    @roberttaylor5072 Жыл бұрын

    Mind blowing. Many thanks! Will immediately check on Australian version and cross fingers it’s the same meaningful deal. Went through Probate with my beautiful mother in law and it was a four year horror show with all sorts of never heard of “Step kids” in their 50’s putting hands out. Pure distain for those types. Now we have protection thanks to your SELFLESS ADVICE. Bless you Toby! Tory Taylor 😘

  • @EXPEKT3D
    @EXPEKT3D10 ай бұрын

    Awesome job at explaining this information. Leaving a legacy idea definitely puts life into perspective as to what is important to you and your family.

  • @TobyMathis

    @TobyMathis

    10 ай бұрын

    Well said!

  • @ckosenko2129
    @ckosenko212911 ай бұрын

    Thanks for breaking it down - super helpful! I was hesitant at first - 20 mins is long to me but time flew by because I was learning lots of information.

  • @TobyMathis

    @TobyMathis

    11 ай бұрын

    Glad it was helpful! Let me know if you have any other questions.

  • @regicon1883
    @regicon1883 Жыл бұрын

    Excellent video. This is exactly what I was looking for.

  • @zoomwithsmokeybearlive3032
    @zoomwithsmokeybearlive30322 жыл бұрын

    That's why you want to put everything in a trust

  • @esthersdaughterlong8149
    @esthersdaughterlong81492 жыл бұрын

    New here. Love your teaching and honesty. I just have a will. Guess I better get a Living Trust. Thank you.

  • @patriciasankey4103
    @patriciasankey410310 ай бұрын

    thank you for all of this info. most you tube videos only give you a small amount of information and you need to buy their program to get the rest of the info. These are people that say they care about wheat happens to the ordinary person. How do they care if they arent willing to share their knowledge? Not everyone can afford to buy their program. So thank you!

  • @charnell59
    @charnell592 ай бұрын

    This video really helped me. OMG! I need to get started on a trust now. I'm only 57, and I had some medical issues, so I need to put this in gear.

  • @texartisanstudios
    @texartisanstudios2 жыл бұрын

    MY GOD THANK YOU!!!!!!!!!!!!!!!!!!!!

  • @HaiNguyen-yi7fo
    @HaiNguyen-yi7fo2 жыл бұрын

    Hello, Mr Toby Mathis. Thank you for the advice on living trust it's very useful. This is my first time on your channel and you have a new subscriber and a thumbs up.

  • @miketyler2513
    @miketyler2513 Жыл бұрын

    Thank you! This is a matter I've been struggling with lately. Liked & subscribed.

  • @txivyawgchiyou7810
    @txivyawgchiyou78103 күн бұрын

    Excellent content for a living trust

  • @FindAllFate
    @FindAllFate Жыл бұрын

    This is exactly what I want, I want to create generational wealth for future generations in my family, unfortunately I’m starting from scratch at the moment but have a plan and I’m running with it, and I like the fact that I can dictate and make sure that the money and assets continue to grow and continue to be handed down generation after generation without those future generations just squandering the money but making that money grow and the assets grow even after I’m gone, to create generational wealth so that my grandkids and their kids and so on aren’t starting from scratch and have a good shot in life, I am so glad I saw this video

  • @huacatifields1429
    @huacatifields1429 Жыл бұрын

    Thank you for this video. I have a horror story to tell if I had the space. You're right, a Will is a joke. Now I just need to find someone that I can trust to handle my Living Trust.

  • @TobyMathis

    @TobyMathis

    Жыл бұрын

    Hi Huacati, thank you for leaving your comment. You can request a free 45-minute consultation to discuss our proven asset protection and tax strategies and how they apply to your unique situation. You can request your free session here! ------> aba.link/tobyss

  • @ksmith2852

    @ksmith2852

    Жыл бұрын

    Ask about 1. Costs to add an asset 2. Costs to remove an asset 3. Costs to manage the trust 4. If it is you and your spouse, what happens when one dies. (I already know...and it is bad)

  • @marklogreco2942
    @marklogreco2942 Жыл бұрын

    Wow. What an eye opener. Direct and to the point. Explained very well and easy to understand. This is definitely the way to go.

  • @TobyMathis

    @TobyMathis

    Жыл бұрын

    Glad it was helpful!

  • @letlhogonoloelijahletsatsi8859
    @letlhogonoloelijahletsatsi8859 Жыл бұрын

    You know today someone introduced me to a living trust with few hours I see this informative video.thanks

  • @Wolvenstar
    @Wolvenstar10 ай бұрын

    Hello Toby. Your content is incredibly valuable. This is good financial education. Thank you from the bottom of my heart.

  • @TobyMathis

    @TobyMathis

    10 ай бұрын

    I appreciate that. Thank you so much for watching!

  • @RikiHawk
    @RikiHawk Жыл бұрын

    Thank you for the information. My parents have a will and asked me to be their caretaker. I recommended a Living Trust because we have siblings and some are not on speaking terms. The Living trust provides my parents the opportunity to provide their voice in their assets. Great inforamation.

  • @evelynchevalier1363
    @evelynchevalier136310 ай бұрын

    I enjoy hearing you. It was very clear to the point thank you.

  • @Lvj22
    @Lvj228 ай бұрын

    This is wonderful content! I am in Maryland and helping my elderly parents plan their estate and will be planning mine. It is terrible how probate works.

  • @stacibellrealestate
    @stacibellrealestate2 жыл бұрын

    I have a living trust it was a little overwhelming but so glad it’s done and I love your explanation here! Great job! Thanks

  • @tansmith1917

    @tansmith1917

    Жыл бұрын

    Did you need a lawyer to complete the living trust paperwork?

  • @buddyro5

    @buddyro5

    Жыл бұрын

    @@tansmith1917 I’d like to know also

  • @MrBreacher68
    @MrBreacher682 жыл бұрын

    Great Information and thanks for fighting the good fight. Soooo much information and so much misdirection out here that it’s hard to find the best most efficient way to stream line things and protect yourself while you’re here and when you’re gone. Again, thanks for the great information!

  • @TobyMathis

    @TobyMathis

    2 жыл бұрын

    You are very welcome, thank you for watching!

  • @josegamez3220
    @josegamez3220 Жыл бұрын

    Well. We learn something new every day. THANK YOU

  • @larrylamb3480
    @larrylamb3480 Жыл бұрын

    Thank you sir for this information ! I didn't know and paid a law firm 2200 dollars for a WILL !!! I feel cheated !

  • @Rachel-rh8je
    @Rachel-rh8je7 ай бұрын

    “A good man leaves an inheritance to his children's children, but the sinner's wealth is laid up for the righteous” (Proverbs 13:22).

  • @TobyMathis

    @TobyMathis

    7 ай бұрын

    I have thought about that often. Thank you.

  • @ambassadoroffaith1018

    @ambassadoroffaith1018

    Күн бұрын

    Amen❤

  • @breathoflifefarm7197
    @breathoflifefarm7197 Жыл бұрын

    THANK YOU!!!! I needed to know what you taught in this video. What’s more, even before you suggested to do so, I decided to share the video with someone who needs to know this. You might just be our hero, Toby. 💖

  • @TobyMathis

    @TobyMathis

    Жыл бұрын

    Wonderful! We are so glad to hear tat our content was helpful!

  • @feliciapayne6527
    @feliciapayne65277 ай бұрын

    Thank you very much… This information came right in time!!! My mother passed away without a will or a living trust!!! And I’m sad to say that my brother is a practicing attorney of over 30 years! This should have never happened!!!! Im a nurse of over 35 years and when I constantly spoke with her in reference to her affairs she always said “she had a will”… Thank you for your service!

  • @abesheraden9132
    @abesheraden91324 ай бұрын

    I appreciate you providing this crucial knowledge. It made me see the need to act now. I ignored the thought for a very long time.

  • @TobyMathis

    @TobyMathis

    4 ай бұрын

    It's always rewarding to know that my content is helping others. Thank you for your support!

  • @thomastessin1663
    @thomastessin16632 жыл бұрын

    Great information. I am going to use it. Thank you Toby.

  • @TobyMathis

    @TobyMathis

    2 жыл бұрын

    Glad it was helpful!

  • @mike_birkhead
    @mike_birkhead2 жыл бұрын

    Great video (I love it when Toby acts out the story and with sound effects)!

  • @shelleydenison1572
    @shelleydenison157211 ай бұрын

    I am trying to understand living trusts and this is hands down, the best explanation I've heard. I get it now! Thanks!!

  • @TobyMathis

    @TobyMathis

    11 ай бұрын

    Wonderful! Thank you for watching! I am so glad it was helpful!

  • @kenpeterson327
    @kenpeterson3274 ай бұрын

    Man you have opened up my eyes big time! thanks so much for all the information.

  • @TobyMathis

    @TobyMathis

    4 ай бұрын

    I'm glad I could help you!

  • @hypnosiscenternyc
    @hypnosiscenternyc2 жыл бұрын

    Another phenomenal informational video. Better than a paid appearance with a lawyer.

  • @DFyffe
    @DFyffe Жыл бұрын

    Love the measured and thorough delivery. It's not often I do a blind subscribe after watching only one upload but although I'm not a betting man I'd put money on the benefits of your other content. Thanks for significantly expanding my knowledge.

  • @maryperrysmith5815
    @maryperrysmith5815 Жыл бұрын

    Thank you for doing this video. I’m 67. I needed to hear this information

  • @christinelandale
    @christinelandale Жыл бұрын

    certainly learnt a lot that didnt know before..thank you

  • @CarmenBIGPRESSURECaBoom
    @CarmenBIGPRESSURECaBoom Жыл бұрын

    I really do appreciate this great, valuable and beneficial information and I really do appreciate how you deliver this information with such ease and this helps for me to digest and understand the information much better. You’re really fabulous in your craft. Thank you so much! 👌🏾💯

  • @DUALIAM
    @DUALIAM2 жыл бұрын

    This is the best explanation of a LIVING TRUST I have ever seen to date!!! Sharing & Subcribing!! 🔥🔥🔥🔥

  • @pldilliner9490
    @pldilliner94908 ай бұрын

    Yes great info. We did it years ago & it helps to do a review too every so often. Over time things can change, people change & you want to be absolutely certain. 🌺Lei

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