How to Put Property Into a TRUST

Does trust national? Is there a difference between a New York trust vs a Wyoming trust?

How does this affect your current property taxes, will property be reassessed at current value.

Great video! Thank you Business Guy! Subscribed 🙏🏻👊🏻

How can a person lose property that was held in trust? Elderly lady lost 30 acres held in trust. She had a total of 60, the other 30 was in her name. She is still alive and is complaining about the 30 acres that were taken. Her home is on the 30 that were in her name.

Thanks for making sense & opening my eyes!

this seems old. Corporate Transparency Act video?

I have a mentally challenged brother who receives ssi. I put my property into a trust so that if I pass away right now, he will inherit my estate without disrupting his only means of income. I rest better knowing that he will have a place to live and not have to worry about him being taken advantage of.

Good stuff thank you 🙏🏾

Does she gargel with acid

Make the trust name as LONG as possible :)

It's hard to trust people these days

Question for the Business Guy: You mention using a Wyoming LLC as the Trustee for your trusts. Sounds good - but if I am the Grantor AND the Beneficiary AND the Trustee (assuming I'm the owner of the Wyoming LLC that acts as Trustee) doesn't that come dangerously close to the "merger doctrine?" Couldn't a judge rule that I have NO asset protection - because the property never REALLY changed hands?

Thanks for advice with due on sale clause. Prior setting up trust should LLC be set up1st? Can I additional properties in trust at later timer?

Renting

Hello, that was very informational. I do have a question on liability if you’re putting your asset into a trust do you still need liability for it thanks.

Can crypto investments stored on a hardware wallet be transferred to a trust ?

Ok, our family lawyer formed an llc for my mother in law after deatg of father in law for some land she has.. our estate planner said that was a bad move, and he had given direction to the lawyer to form a trust upon the death of father in law.
What's the difference.?

Super informative! Thanks a lot!

what if i want my home to never be sold but rather forever pass down the lineage or whom ever is the closest bloodline... if the trustee does not want to live in or manage the home then it transfers to a subsequent trustee??? is this possible ......

a few times i see a man marries a woman who is not the mother of his children then the assets are liquidated by the widow and then she shares her wealth with her new boyfriend or gives wealth to her blood relatives....

or you have kids that have no compacity for responsibility but the last thing you want is your kid to sell the house to a drug dealer that gives my kid 100 dollars of some illegal substance......

or just for the sake of i built it and i literally gave nearly a gallon of blood to the home due to frequent minor injuries and i am so much semimetal value to me that if i can force it to be kept or given away free.... i want the property to forever be part of a trust unless it somehow defaults like taxes or by other means of default

I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year.. Investment should always be on any creative man's heart for success in life

Is a living trust necessary if the state you live in doesn’t have any inheritance taxes currently?

There are some that suggest you create a trust first ( which one do you create? A living trust?? Or a Revocable/ or irrevocable trust??) then you create a Wyoming “Holding” LLC, and THEN you can create spin-off LLC’s under the main Wyoming LLC, and it can be I whatever state you wish.

Is this true??

And please provide insight on what type of trust to create for this scenario, I’m confused as everyone throws around the general “trust” term and not specifying the trust type.

Thank you!!!

✊🏾👍🏾✔️🪨📠🗝️📖🪜💯

One item nobody talks about is the cost of these asset protection trusts. It’s either a mystery or cost prohibitive. I have spent countless hours with multiple attorneys. Some won’t deal with asset protection while others lead you into a rabbit hole that costs $20k + for a real estate asset trust. Remember that you will need a living trust to go along with the property asset trust and the LLCs. It’s a money pit. This is only for the rich and that’s becoming harder and harder for those of us born with poor parents. I got 2 homes with a lot of liability insurance as I can’t afford these trust.

What about firearms ? There is lots of social controversy about firearms but fact is there are lots of firearms (property) legally owned by citizens so how are firearms inherited ?

If I transfer my non homestead property into a land trust will this trigger a capital gains tax event?

Can a foreign person form/open a US trust?

What if the home isn't paid. Bank still holds the title of the house. How do you transfer the home into the trust? Or is this just for paid up properties?

Good news

I want to protect my house from my new husband’s adult offsprings as my desire is to donate it to honest Animal charities.

This may sound like a stupid, no-brainer question, but, where do you SETUP a trust. Is it like a business entity, or an LLC?

I want to set this up so bad been studying thanks for sharing 🫡💯

Does land and a house become property tax exempt if owned by a foreign irrevocable trusts?

If I put a house into a Wyoming land trust, will that trigger capital gain?

Dang man! Can you slow down bcuz Im overwhelmed by sooo much info at this speed. And can you dunnify this info a lot more. Geesh

My brother had our dad ‘Quit Claim’ his home to him. Dad does not understand what he did! Dad’s Will states that the hone was to be left to his 3 children, not just his one greedy son. Our brother effectively stole this property out from underneath us! Dad has dementia and is living with our sister. Just found out that happened, and that our brother has placed this property into a Trust for himself and his wife (12 years ago)! What can we do to overturn this? Is it too late?

What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the real estate & financial market, so I'm concerned about my $200k stock portfolio.

Who would I talk to if I wanted to look into a trust today is already in place? I know someone who is a beneficiary of a trust and we want to make sure that it isn't being mismanaged.

I guess divorce can make things ugly if you're putting your names together

Wat happens if the state trustee got a hold of a house

Property tax exemption….please tell me more.

Just makes it easier for Kammy & her handlers to pick up one document & grab everything on it until the assets can prove they are not guilty of a crime.

what’s is the best trust for a foreigner to transfer an investment property to? Thx

what’s is the best trust for a foreigner to transfer an investment property to?

what’s is the best trust for a foreigner to transfer an investment property to?

Finally! Watched dozens of videos by attorneys who didn't give details, just said get an attorney. Business Guy, thanks for the details!

What do you mean when you talked about certificate of the trust? The trust documents? What is pour over will? I have a will and am thinking to create a living trust.

I heard you don't pay stae tax but will have to pay Fesderal tax which is 37.5% right now.

Ya know, you should really talk much much faster, so nobody can keep up, thats a great strategy for a teacher, move as fast as you can over the material.

This is exactly the information I needed.
I sis subscribe. Thumbs up.
Thank you.
All the best.