Setting Up Your Estate

I promote everyone to have a “Will” to determine what happens with your assets and liabilities. I stumbled on a video series about establishing estates, the speaker blew me away with his simple approach and explanation, so I am sharing them with you below. Consider this as education. Discuss with whoever you are working with to establish and structure your estate.

• Estate Planning

  • Documents For Newbies

  • How to create a Will or Trust today

  • How To Make a Valid Will In Less Than Four Minutes

  • Should Married Couples Set Up One Joint Trust or Two Separate Trusts

  • Last Will vs Living Will: What’s the Difference

  • Should You Have a Will or Living Trust?

  • What You MUST Expect To Address in Estate Planning

  • Can Person With Dementia Make a Will

  • Talking To Family about Your Estate Planning Wishes

  • How to Make Your Surviving Spouse’s Life

  • Prenuptial Agreements

  • Estate Planning on a Budget

  • When NOT To Protect Assets From Nursing Home Costs

  • When To Protect Assets from Nursing Home Costs

  • Being admitted To Nursing Home WITHIN 5-Year Lookback Period

  • How to keep Your Heirs & Your Estate Out of Probate Court

  • 4 Reasons NOT to have a Living Will

• Executor

  • How To Make Settling Your Estate EASY for Your Survivors

  • Executor Selection Mistakes

  • 12 Dumb Mistakes Executors Make

  • 3 Reasons someone would want to be Executor Of Estate

  • Should Executor accept compensation?

• Structuring

  • 4 Factors When Leaving Something To Someone

  • Eight Things NOT To Put In Your Will

  • 4 Reasons NOT To Have A Living Will

  • Estate Planning on Your iPhone

  • How to Keep Your Son's-In-Law & Daughters-In-Law Out of Your Estate

• Tax Benefit

  • New Estate & Gift Tax Laws for 2022

  • A Method to Help Families Minimize Taxes on IRA’s

  • Proposed Elimination of the Step-Up and the Carry-Over Capital Gains Tax Basis

  • Estate Tax

  • Gift Tax Reporting Is Broken

  • Taxes Involved when Inheriting

• Trusts

  • What is a Living Trust?

  • Why The Living Trust Concept Is So Popular

  • Six Reasons for a Trusts

  • Difference between a Revocable vs Irrevocable Trust

  • What’s a QTIP Trust? And Why are they So Popular?

  • Revocable Living Trust Explained

  • When a Revocable Trust BECOMES Irrevocable

  • Importance of Age and Estate Value in Living Trust Decision

  • Should Senior Middle Class Americans Have TWO Living Trusts

  • A Trust Beneficiary's Right To Information

  • How To Change An Irrevocable Trust

  • 401k to IRA, Beneficiary

  • 9 Revocable Living Trust Mistakes

  • 5 Revocable Living Trust Disadvantages

  • How do Trusts get Taxed

  • Is Entire Mortgage Loan Due When You Transfer Home To Trust?

  • Secret To Naming Your Revocable Living Trust

• Trustee

  • How To Select a Trustee When Creating a Trust

  • Five Duties Of A Trust’s Trustee

  • Mistakes When Naming Your Trustee

  • When the Trustee Steals From a Trust

  • Trustee Succession Screw-Ups

• Protection

  • How to Protect Your Home & Life Savings from Nursing Home Expenses

  • Protect Your Estate From Your Kids’ Car Accident

  • Are Life Insurance Proceeds Protected From Creditors?

  • Two Shady Probate Attorney Ploys

• Family

  • What If Your Spouse Remarries After You Pass?

  • Will My Spouse Leave It To Their Next Spouse?

  • How To Leave Your Home To A Family Member

  • Estate Planning Protections For Your Children and Grandchildren

  • Leaving money to Grandchildren

  • Is Payment To Adult Child An Advance On Inheritance

  • 3 Different Ways To Treat Each Child The Same

  • Worried About One Child But Want To Treat All Children Equally

  • How To Exclude A Family Member From Your Estate

  • 6 Reasons Your Heirs will fight & What You can to do About it

  • Can Heir “Knock You Off” For Their Inheritance

  • Divorced With Minor Kids?

  • Taking Care of Your Pet

• When they Die

  • Say This ONE WORD After Your Spouse Dies

  • How to find out What Accounts the Deceased Person Owned?

  • Estate Legal Matters To Deal With When Your Spouse Dies

  • Is Photocopy of Last Will and Testament Valid

• Other Topics

  • Relationship Between Will and 401(k)

  • Getting The HIPAA (Health Information) Authorization Right

  • Safe Deposit Box Realities No One Will Tell You

  • Estate Left “Per Stirpes”. Who Inherits?

  • Five "Powerful" Powers of Attorney Provisions

  • How To INHERIT a Free Home (And All The Stuff In It)

  • Power of Attorney Abuse and Misuse