I would like to see a diagram that shows The steps of how Trust relates to a Holding company and how the holding company relates to LLC's that control the Assets.
@savoirfaire312
Жыл бұрын
Me too!
@rudolfcanvey799
Жыл бұрын
Amen
@mstinamarie702
Жыл бұрын
Me too
@Massivedrawer15
Жыл бұрын
Me too
@user-no4sr2jp6r
Жыл бұрын
Talk to cpa lol
@chiefso4217
Жыл бұрын
I’m 23 years old and I came across this video, I appreciate this content. It was very informative.
@woahtherr5371
2 жыл бұрын
Definitely making my kids watch 300 lyfe accounting videos before they inherit my $47 trust fund
@auntyb4130
5 ай бұрын
U mean 47 million dollars trust fund😂😂😂😂......I pray u get this money if not already in ur possession😂😂
@jazzjones00
Жыл бұрын
Thank you for sharing this info! I would very much appreciate a video outlining the differences between a Will and a Living Trust. Thanks again!
@knicw713
2 жыл бұрын
More please.!...trust funds vs will, revocable vs irrevocable, foreign vs local
@LYFEAccounting
2 жыл бұрын
Ohhhh great topic suggestions. Will talk to the team about adding them.
@kymlamay9186
2 жыл бұрын
Thanks so much for very informative information about the Trust Fund. Yes, we’d like to educate more about between the Will vs The Trust fund. Thank you. 👍
@tuwannarico
10 ай бұрын
Will has to go to probate court!!
@Empower3d
2 жыл бұрын
Yes please make a video of differentiating wills from trusts. Also is a trust an account? How do you create a living trust? Can you use a trust to buy items or property through your trust? Would it effect your taxes?
@LYFEAccounting
2 жыл бұрын
There are no real tax implications of a trust and you can (and probably should) use it to buy property or other assets. A trust is just a legally binding document.
@triciaeggleston2694
Жыл бұрын
What’s the benefit of getting a EIN form 98 for a Trust?
@ralanawhitfield7478
2 жыл бұрын
Make a video about wills verse trust funds
@LYFEAccounting
2 жыл бұрын
Thanks for sharing, duly noted!
@kelechiajayi3049
2 жыл бұрын
☝🏾☝🏾This!
@daddyomountain2840
2 ай бұрын
A person receiving anything from a will can be taxed for the things they inherit.
@positivelycincere
10 ай бұрын
Thank you so much for the info! Btw, I like the way you emphasized the words “TRUST FUND” every time you said it lol
@SpartanOfFinance
2 жыл бұрын
Great Video. We had a will for years and recently created a Trust since we have Rental Property Out of State so we wish to avoid Probate.
@LYFEAccounting
2 жыл бұрын
That is awesome! Thanks for sharing
@LoveConquerz
Жыл бұрын
Did u go to a lawyer or did u do it yourself
@SpartanOfFinance
Жыл бұрын
@@LoveConquerz the company I work for had a legal benefit through ARAG so we used one of their lawyers to draft it up. It was a multiple step process as they asked us what we were trying to accomplish and I asked for some changes added. In some cases trusts through these types of legal services can be basic but the lawyer we worked with was very helpful and accommodating.
@BenjaminTVogt
2 жыл бұрын
Agree with the comments on a video comparing Trust Funds and Wills. Great content as always!
@LYFEAccounting
2 жыл бұрын
Thanks, Benjamin! I am getting close to adding "Trusts vs Wills" to the video queue, but we'll see...
@karenfashaw8926
Жыл бұрын
YOU ARE SO VERY EDUCATIONAL AND KNOWLEDGEABLE
@dbdouglas
2 жыл бұрын
I totally need to explore/learn about trusts' & wills. Definitely need the piece of mind knowing what'll happen with my things after I pass away! Love LYFE Accounting on KZitem!
@LYFEAccounting
2 жыл бұрын
Exactly, planning is key. Thanks for your support!
@laquelljentertainment2135
2 жыл бұрын
That was an amazing and informative video my brother!
@maneiloveyall3672
Жыл бұрын
Pay self thru a trust account like Warren Buffett
@justrollintruckin9111
Жыл бұрын
Thanks for explaining what is a trash can you make a video showing step-by-step on how to set up a trust where to go who to contact etc. etc.
@8cardrive
Жыл бұрын
Thank you for making this video with such a wealth of information🙏
@pointblank1978
Жыл бұрын
I e watched several videos on this and you are the first to give understanding of how this works. Please send me the video about will and trusts.
@jmconsultingfirm
Жыл бұрын
all this sounds great, but before doing all of this you mention revocable many times, so what is the difference between revocable and irrevocable? non of this makes sense until we know the answer to this question?
@joyehar
2 жыл бұрын
Thanks so much for straight forward presentation but can you all explain the steps and process to move assets into the Trust? for example bank accounts, real estate and retirement funds. Is it as simple as adding the Trust as the beneficiary of the bank and retirement accounts? Please explain the process for real estate with a mortgage. Thanks! you are the best!
@AlbertoPerez-tm4tj
2 жыл бұрын
Will vs Trust. That's a great idea. I click like on any of your videos before watching it because I am already sure of the quality of this channel. Each of you are special. I am impressed how concise and clear are the videos. Thank you very much. Alberto.
@LYFEAccounting
2 жыл бұрын
That means so much, thank you, Alberto!
@efrainanaya5671
2 жыл бұрын
Please make the video of the difference of will and trust funds
@LYFEAccounting
2 жыл бұрын
Thanks for chiming in on this, will consider adding it to the queue if more comments come in!
@chawanneburns9100
2 жыл бұрын
I can help secure fundings.....
@Mothafuckenzay
2 жыл бұрын
This guy got jokes, he's great
@paulkohanski9545
2 жыл бұрын
Very clear explanation. Thank you.
@troydunbar8566
2 жыл бұрын
Yes, definitely make a video comparing a will versus a trust fund.
@LYFEAccounting
2 жыл бұрын
Coming soon!
@AndrOMOrph
2 жыл бұрын
I’m 24, learning about trusts, trust funds, llc’s, ein’s, c-corps, and so on, but I’m still not sure what the best way to invest is. I’m not sure what I should do first, can anyone enlighten me? I have no mentors, no parents, no siblings, no kids, and most importantly, little bills, but I want to provide for my nieces and nephews and end my families streak of poverty, But failure would be devastating. I’m afraid of starting a family without financial security.
@karlsmith2451
2 жыл бұрын
You're thinking right bruh. Save as much as you can. You can invest small at first.
@frotercannon2740
Жыл бұрын
Don’t save, interest rates are crap right now. High risk high reward is the only way.
@moeshelton5872
Жыл бұрын
Great video! I would love to see one on trust vs will.
@terrycowans7130
Жыл бұрын
Very interesting information because I didn’t have no idea. Thanks for the information. Keep up the good work as a matter fact I need one.
@shanaejohnson7921
Жыл бұрын
When should an estate be created? For an example: as soon as a business is started, when the business becomes profitable, what is the minimum value 10k, 25k, etc. Or can you wait until things are established and profitable to obtain an estate and transfer everything over to the estate?
@samuelmngomezulu9555
2 жыл бұрын
Please do, you the best. Actually all of you guys are outstanding 🥰
@LYFEAccounting
2 жыл бұрын
Wow, thank you so much. Means the world to hear that, 💯
@dman10000000
2 жыл бұрын
Hello, Can you use an assignment to transfer real estate, brokerage accounts and LLCs to your irrevocable trust without changing the deed at the courthouse?
@taneshiajefferson5096
Жыл бұрын
Where are you from Derrick?
@dman10000000
Жыл бұрын
@@taneshiajefferson5096 , South Carolina
@sharnethterry6530
6 ай бұрын
So where would you go to get a trust fund? Are there like certain places that you can go to shop around? Or how does it work?
@svontesmith6932
Жыл бұрын
thanks, your video was helpful!
@stevenmeek9756
2 жыл бұрын
Thank you ,good information/straight to the point.
@LYFEAccounting
2 жыл бұрын
Thanks!
@tlwmillionaire
2 жыл бұрын
Yes make an in-depth video on a trust fund and will. Great video by the way.
@arianecoler2128
8 ай бұрын
Thank you!!! This answered all my questions.
@donitaphilpot8537
2 жыл бұрын
Yes, I would like to know the difference between a trust and a will.
@elevatingempoweringendeavo9487
2 жыл бұрын
I always appreciate the insight. 👍🏾🤞🏽 Thank you so much for caring and sharing🙏🏽💯🎉😍
@rustifoxxy
9 ай бұрын
I would love for you to make comparison video of trust fund vs a will. This is great educated info ppl really don't know these are anyone's options
@rodneymitchell280
Жыл бұрын
Thanks for a step by step overview of what’s involved with creating a trust but by no means was this a step by step creating a trust fund
@efrem5679
10 ай бұрын
thank you for this knowledge, blessings!!
@ahouston68
Жыл бұрын
Great info. Thank you.
@jonfxmasterminds
Жыл бұрын
Yes, that was my next question, What's the difference between a trust and a will?
@claudiamolina.a
5 ай бұрын
Thank you, this was very helpful!
@shonniepfit4833
2 жыл бұрын
😂😂 the opening statement
@sabrinavalbrun
Жыл бұрын
Very informative 🙏🏾👑 Please Make one on trust VS a will
@rrivers6491
2 жыл бұрын
Is a revocable trust and pour over trust the same thing?
@imeldasantana1652
5 ай бұрын
Great information, thank you for sharing 👏👏.
@ItsMeDeeDee
Жыл бұрын
How much money is needed to open and start a trust fund?
@sabrinataylor7282
9 ай бұрын
Which would benefit my family most a trust / will?
@aprylharris1365
2 жыл бұрын
Yes. Pls do wills vs trust
@LYFEAccounting
2 жыл бұрын
Noted, thanks for sharing your opinion
@tribelfamilytv1374
Жыл бұрын
This was very informative.. Thank you☺️👌
@workfromhome598
2 жыл бұрын
Awesome video! Thank you! ❤
@zeropain9319
2 жыл бұрын
nice, thanks giving an overview of "how" to do it.
@doloresmorales6209
Жыл бұрын
Thank you.
@bonusking1224
Жыл бұрын
"Deaf" and taxes
@adriantaraba3205
10 ай бұрын
liked and subscribed. thank you for the education
@lovethegamelovethegrind9874
2 жыл бұрын
Did u ever make the other video? I’m about to search now but i still had to like comment and subscribe first
@charlessmith3846
7 ай бұрын
Hi,I also would like to see a diagram,the steps for setting up a trust and its relationship to a holding company……Thanks in advance……..
@michaelmonroe2002
Жыл бұрын
If I wanted a huge drawn out story about WHY I damn sure would not have clicked a HOW to video. If someone didn't already know why they should use a trust...they probably would not have clicked a video on how to. KZitemrs never want to get to the point.
@fea5rrlessfea5rrless42
7 ай бұрын
You will know beyond, your thoughts
@imantonio
Жыл бұрын
At 10:10 you misspelled argument bro. Great video.
@BCassandra1
Жыл бұрын
Thank you for sharing 😊
@ItsMeDeeDee
Жыл бұрын
Yes please post video trust vs will.
@Prd64twl
Жыл бұрын
Excellent...thank you!
@thaholisticdiva
9 ай бұрын
Great information
@duskyrose23
4 ай бұрын
Thank you!
@nicholieazares358
Жыл бұрын
Really nice explanations..
@joshuatrevino0823
2 жыл бұрын
Thank you for this video
@Killagear5000
2 жыл бұрын
Isn't a trust fund better because your beneficiaries won't have to pay taxes on the money distributed to them?
@isaiahpedraza66
8 ай бұрын
I believe so, but I too would like to verify this.
@winstonsimon9092
2 жыл бұрын
If you have not already done so, please do the will vs. trust fund video.
@Bigdee967
Жыл бұрын
Yes
@rawnuncutent5551
7 ай бұрын
Pretty good opening joke 😂.
@lxsmith2
Жыл бұрын
good information and good presentation
@breew2968
2 жыл бұрын
After the conditions are met by the beneficiary, are the funds in trust funds taxable? Do you need more than one trust fund for multiple beneficiaries? Would like to see the video on Wills vs Trust funds! And I TRUST that you WILL do another corny joke 😆😁
@LYFEAccounting
2 жыл бұрын
Hey Bree, so it would depend on if there were any realized gains on the assets within the trust. For example, if there was $100,000 cash in a trust fund and that money was already taxed, then there would be no need for the beneficiary to pay taxes. But if there were $100,000 of stocks in the trust fund and that appreciated to $120,000 before it was distributed then you would need to pay taxes on the $20,000 amount. Does that make sense? I may do a video on this too. And I love that joke hah, I might use it in the next video! .
@breew2968
2 жыл бұрын
@@LYFEAccounting that makes sense! Thanks!
@cfjunkies
Жыл бұрын
Haha love the intro!
@robincheramie230
2 жыл бұрын
I have some property (house and barn with a rental apartment upstairs) I purchase to turn into businesses. Do I have to make a legal transfer as in when I purchased the property? Or is it just listing it in the Trust papers?
@straightshooterz
29 күн бұрын
How much would I be looking to pay to initiate the trust and notary?
@lifewithtashabae4846
5 ай бұрын
What happens if we use an institution as the trustee and it goes oit of business of something what does the beneficiary do?
@nineether8334
Жыл бұрын
Great info, please make the more in depth video on Trust
@pinkadiamond
Жыл бұрын
Trust fund vs will
@effyourjeweler4277
10 ай бұрын
D I A M O N D 💎 J E W E L E R support your boy DECENTRALIZED DIAMONDS .
@shiannecouch4844
4 ай бұрын
How can I find out if a trust fund has been established after a loved one has passed? Where to begin a search?
@thegreatone1285
2 жыл бұрын
Nothing was great about Benjamin Franklin 😕
@cadenitadelnazareno6717
9 ай бұрын
Please let me know how to create a trust fund for business purposes
@meledjeentreprise9438
Жыл бұрын
Hi have a question , if you don't have a lot of money what the minimum you could start with
@aishmakennedy3987
2 жыл бұрын
Please make a difference between a will or trust fund
@StudioCafe
2 жыл бұрын
Excellent....
@fea5rrlessfea5rrless42
7 ай бұрын
yes dance its soo fun!!
@scj984
Жыл бұрын
Can we include items that are currently still being leased or financed (vehicle that isn't paid off or properties)?
@summerreed3688
7 ай бұрын
Thumbs up for the dad joke 😄!
@DavieDaniels-dj4sg
29 күн бұрын
Is it like a WILL
@downhomegirl5
3 ай бұрын
Well you did not show us how to set a trust fund. You talked about setting up one, a couple reasons why & suggested a couple websites or a expensive attorney.
@Iamcollinwhittaker
2 жыл бұрын
A revocable living trust is the worst thing you can tell your audience to have. The unincorporated business trust is the crème de la crème of all trusts near has been hundreds of caselaw on unincorporated business organizations.
@UINSPIREME
Жыл бұрын
Do you know how to setup a unincorporated business trust?
@VictoriaNakaraKizer
2 жыл бұрын
Yes, make the verses video please.
@barbaramabvudza4242
2 жыл бұрын
Trust fund versus a will
@WzupMydudeNdudettes
2 жыл бұрын
Question:What if you have and S-Crop
@stephensmith60
2 жыл бұрын
At what age should someone set-up a Trust fund? A soon as he's married and has a kid?
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