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In this video, I discuss an essential provision you need in your living trust to ensure maximum asset protection for your beneficiaries. Whether you’re thinking of setting up a living trust or already have one, this is a crucial detail that you don’t want to overlook.
The real power of this provision lies in its ability to turn your living trust into an irrevocable trust once you pass away. This makes it nearly impossible for creditors to seize assets from the trust.
Many people make the mistake of distributing assets directly to beneficiaries upon their death, which can expose those assets to lawsuits or creditor claims.
If you want to protect your beneficiaries and ensure your legacy stays intact, watch this video to learn how to properly structure your trust.
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Show Notes:
0:00 Intro
1:18 Living Trust Example
2:56 Common Mistakes
3:53 Trust Protector
5:41 Beneficiaries Are Investment Trustees
6:54 Final Notes
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ABOUT CLINT COONS
Clint Coons, Esq. has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.
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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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