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Living Trust Versus Will: 8 KEY Differences (AVOID PROBATE!)

Would you like to learn more about this topic and talk to someone? Schedule a free consultation here: https://aba.link/mit In this video, I'm going to discuss the 8 essential differences between living trust vs. will. This is important information if you want to avoid probate, which can be a costly and time-consuming process. Watch this video to gain a solid understanding of living trusts, wills, and how to navigate the probate process. Empower yourself with the knowledge to make informed decisions about estate planning and ensure your assets are distributed as you desire. "Whatever the case, I can do that inside of a trust. I can not do that with a will." 13:12 A living trust is a legal document that allows you to transfer your assets to a trust during your lifetime. When you pass away, the assets in the trust are distributed according to your wishes without the need for probate. In contrast, a will only goes into effect after you pass away and must go through probate to transfer your assets to your beneficiaries. Probate is a court-supervised process that can be time-consuming and expensive, and may not distribute your assets in the way you intended. By creating a living trust, you can avoid probate and ensure that your assets are distributed according to your wishes. Thank you for watching my video! If you have any questions or comments, please leave them below. Please like this content and subscribe to the channel for future resources! Thanks again for watching, and have a great day. Show Notes: 0:00 Intro 3:06 #1 Probate 6:13 #2 Wills Are NOT Fast 10:07 #3 Wills Work After Life 21:25 #4 Living Trust = Options 32:55 #5 Unusual Provision 33:46 #6 Wills Are Public 35:25 #7 100% Time 38:40 #8 Ancillary Documents 45:56 Outro --------------------------------------------------------------------------------------------------------- SUBSCRIBE https://aba.link/subscribe ~~~~ 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 Live Stream from 9 am to 4 pm PT. on Saturdays. Our attorneys and specialists will answer ALL questions: Save Your Seat: https://aba.link/vgb 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/mit TAX TUESDAY LIVE Join us every other Tax Tuesday, where you can have your tax questions answered live by our experts entirely FREE. Register Now 👉 https://aba.link/m7h OTHER ANDERSON ADVISOR EVENTS Learn a rich selection of subjects like tax and asset protection, business, investing, and 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. #livingtrust #wills #estateplanning #tobymathis #probate