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How do we avoid probate? Is it possible to protect our estate utilizing trusts? In this video, we will be going over how to avoid probate by implementing trusts. “What is probate, and why should someone care about it?” 5:28 Toby Mathis, Esq. is joined by John Anderson, Esq. to help answer the burning questions of our audience. Hopefully, we will be able to illuminate your understanding of some issues. Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and asset protection. 👉 https://aba.link/vd6 Probate is a court-supervised process for administering a will, through which the executor manages the probate estate and pays any taxes due. The personal representative collects assets, pays debts of the decedent (if there are any), files final tax returns, and distributes the property according to instructions in the will or state law. When someone dies without a will, it is known as dying “intestate,” and the laws of intestacy apply. Contact John 👉 [email protected] Probate is something most people want to avoid at all costs due to the issues it creates with those looking to inherit estates. In most jurisdictions, the probate process is required to transfer title to real estate and other assets from a decedent to his or her heirs. It usually takes several months or longer before the final disposition of an estate is completed. Be sure to follow our discussion until the end so as not to miss out on the vital information we will be going over. Check out this related article 👉 https://andersonadvisors.com/how-to-a... Like, share, comment, and subscribe to our channel for more videos on important topics. Show Notes: 0:00 Intro 0:40 Guest Background 5:26 What is Probate 7:54 Procedures 10:09 How do trusts avoid probate? 14:08 Beneficiary and Trustees 17:54 Are trusts for the wealthy? 25:01 Decision Making 27:23 Pour-Over Will 29:37 Pulling the Plug 33:47 Apples to Oranges with Estate Plans to Wills 38:21 Outro --------------------------------------------------------------------------------------------------------- SUBSCRIBE https://aba.link/subscribe ~~~~ FREE REAL ESTATE INVESTMENT STRATEGY SESSION Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and asset protection. 👉 https://aba.link/vd6 FREE TAX & ASSET PROTECTION WORKSHOP Learn about Real Estate & Asset Protection from Clint Coons, Esq, and Toby Mathis, Esq. at our next all-day free Livestream from 9 am to 4 pm PT. on Saturdays. Our attorneys and specialists will answer ALL questions: Save Your Seat: https://aba.link/evo TAX TUESDAY LIVE Toby Mathis, Esq. and Jeff Webb, CPA will answer ALL your questions LIVE on Tax Tuesdays every other Tues 👉 https://aba.link/evq OTHER ANDERSON ADVISOR EVENTS Learn a rich selection of subjects like tax and asset protection, business, investing, and much more. Our partners, attorneys, and other skilled experts will help you learn what you need to know in order to better your chances of success in your professional life. https://aba.link/tobyevents ~~~~ FINANCIAL PLANNING & TAX RESOURCES 📚 Order Your Copy of "Infinity Investing: How The Rich Get Richer And How You Can Do The Same" Here: 👉👉 👉 https://aba.link/IIWbook Order Your Copy of ”Tax-Wise Business Ownership" and find greater success by taking advantage of tax laws for your business. Here 👉 https://aba.link/tobyshop Visit Anderson Advisor's website for content, like articles, podcasts, and more that we publish alongside my channel. 👉 https://aba.link/tobyaba ~~~~ FOLLOW US: Instagram: https://aba.link/instagram Facebook: https://aba.link/facebook Twitter: https://aba.link/twitter LinkedIn: https://aba.link/linkedin TikTok: / tobymathisesq ~~~~ CONTACT US Phone: 800.706.4741 Email: [email protected] Fax: 702.664.0545 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 --------------------------------------------------------------------------------------------------------- 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. #probate #estateplanning