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Real Estate Investors, Stock Traders, and Business Owners guide to preserve their wealth, protect their assets, and prosper in the future.
Episodes
Thursday Nov 10, 2022
Thursday Nov 10, 2022
In this episode, Toby Mathis of Anderson Business Advisors welcomes John Anderson, an attorney from Anderson Advisors.
John and Toby discuss the need for a living trust – and why you don’t have to have an enormous “estate” to have a trust. Trusts provide protection from going through probate court, which is expensive and time-consuming, possibly taking 2-4 years to get through. Your living trust can also have a third-party trustee such as a bank or attorney that will look out for your interests and wishes once you pass away. This protects your descendants from having to deal with probate, and even prevents them from fighting amongst each other (or fighting with another sibling that is acting as trustee) for your estate.
Highlights/Topics:
- John Anderson’s background and early years
- A few interesting stories from John’s experience
- Probate - challenges and specifics
- Living trusts to avoid probate court
- Dynasty trusts for multiple generations
- Trusts and the court system
- Advice: Give your younger kids and grandkids some inheritance, let them play around with it
Resources:
estateplanning@andersonadvisors.com
https://andersonadvisors.com/
https://www.youtube.com/channel/UCaL-wApuVYi2Va5dWzyTYVw