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All About Trusts - Misuses And Uses (How To Avoid Trust Scams)

What is the truth about the current trust scams that nobody is aware of? The esteemed Brent Nelson is joining Toby Mathis, Esq. to help discuss their misuses and how you can avoid trust scams. Brent Nelson is going to be joining in on the discussion and offering his own insights into the various questions and all you need to know about trusts. “Trusts in moderation” 1:29 Contact Brent Nelson 👇 Bio: https://www.rimonlaw.com/team/brent-n... Podcast: https://wealthandlaw.com/category/pod...   / wealthandlaw   There are a number of ways a trust can be used and misused so it is important to know what a trust is and how it works. Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and asset protection. 👉 https://aba.link/3892cb The first thing we need to understand is what a trust actually is. A trust is essentially an agreement between two or more parties that governs how assets are managed and distributed by a third party (the trustee). A trustee manages the assets for the benefit of another person or persons. Trusts can be used for many different reasons. Some of the most common uses are to avoid probate, protect minor children from creditors, provide for your family after you die, and reduce estate taxes. Please enjoy our content and consider subscribing to our YouTube channel. Furthermore, leaving us a like is a great way to show your support. You can also follow us on Twitter and Facebook. Until our next episode, we wish you the best of luck in your financial endeavors. Show Notes: 0:00 Intro 1:31 Trust in Moderation 4:02 What Scammers Are Doing 8:13 Situations Involving Trusts 13:58 Red Flags to Look For 17:31 Estate Tax 25:50 Questions to ask Yourself 34:10 Living Trust vs. Wills 45:26 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/3892cb 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/fb6e81 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/dd10c0 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. #trusts #estateplanning