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Every person in the United States can benefit from using a living trust. While it’s often associated with the wealthy, there are four surprising reasons why everyone should consider it.
Living trusts are particularly beneficial because they help keep your affairs private, minimize disputes, and avoid the probate process. Probate can take between 3 and 18% of your estate and an average of 18 months to settle.
A living trust is not just for when you pass away. It is also effective if you are incapacitated, providing someone to advocate for you medically and financially.
Watch this video as I break down the importance of living trusts and how they can benefit you and your loved ones.
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Show Notes:
0:00 Living Trust Explained
4:33 Avoiding Probate
6:02 Privacy
7:16 Giving Money Away Carefully
12:02 Incapacitated Planning
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba
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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.
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