In this video, I'm going to discuss why you should set up a living trust if you're a real estate investor and the benefits it can offer you.
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Key Insight: "Estate planning is so crucial when it comes to real estate investing." 2:37
By setting up a living trust, you'll have a legally binding agreement for your estate and finances. You'll also have the peace of mind of knowing that your loved ones can access your money and assets if you cannot do so yourself.
Consider setting up a living trust if you're an investor. Putting your money in a trust can offer advantages such as estate planning, tax planning, and minimization of estate taxes. Furthermore, a living trust is a great way to protect your assets and keep them out of probate.
A living trust, often called a revocable trust, is a legal document that holds and manages your assets during your lifetime and transfers them to designated beneficiaries upon your death. It's a strategic tool for estate planning designed to bypass the potentially lengthy and costly probate process.
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Show Notes:
0:00 Intro
2:36 Estate Planning
4:19 What We Want To Do
7:06 Living Trust
10:30 Outro
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ABOUT CLINT COONS
Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint 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.
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 attorneyclient 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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