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Avoid $20,000+ Court Fees: Living Trusts Explained
Manage episode 470765317 series 2831232
👉 Learn more about Living Trusts: https://teachingmillionaires.com/recommends/living-trust
🎯 FREE Guide Living Trust Checklist: https://pages.teachingmillionaires.com/living-trust
When my friend Noah faced a serious health diagnosis, I realized most people don't understand how important proper estate planning is - especially living trusts. In this video, I share Noah's story and break down:
- Why 67% of Americans are making a costly mistake
- How probate court can cost your family up to $35,000 and 17 months of stress
- The simple steps to set up a living trust (even if you're not wealthy)
- Why this isn't just about money, but protecting your family's future
Have you dealt with probate court? Share your story in the comments below - it might help someone else!
📖 Chapters
00:00 A Late Night Call That Changed Everything
02:01 My Trust Obsession: Researching Estate Planning
03:29 The Painful Truth About Probate Court
04:03 Living Trusts: What They Really Are
05:27 Setting Up Your Trust: Simple Steps
06:51 How Helping Noah Changed Me Too
07:24 The Real Cost of Not Having a Trust
08:28 It's Not Just About Death - Protecting Your Family While You're Alive
09:53 Who Really Needs a Living Trust?
#estateplanning #livingtrust #probate
⚡️ Connect with Rich: ▶️ Subscribe for weekly financial insights: https://teachingmillionaires.com/youtube-subscribe 📱 Follow on Instagram: https://teachingmillionaires.com/instagram ✖️ X: https://teachingmillionaires.com/twitter 📘 Facebook: https://teachingmillionaires.com/fbgroup 🌐 Website: https://teachingmillionaires.com 🎧 Apple Podcasts - https://teachingmillionaires.com/apple-podcast 🎧 Spotify - https://teachingmillionaires.com/spotify-podcast
👥 About Rich Smith: Rich Smith helps individuals and business owners optimize their wealth through smart financial strategies. With expertise in tax incentives and wealth preservation, Rich breaks down complex financial concepts into actionable steps.
📌 This video may contain links through which we are compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. I am not a financial advisor. The information I share is for educational purposes only and shouldn't be considered as certified financial or legal advice. It is imperative you conduct your own research. I am sharing my opinion only.
101 bölüm
Manage episode 470765317 series 2831232
👉 Learn more about Living Trusts: https://teachingmillionaires.com/recommends/living-trust
🎯 FREE Guide Living Trust Checklist: https://pages.teachingmillionaires.com/living-trust
When my friend Noah faced a serious health diagnosis, I realized most people don't understand how important proper estate planning is - especially living trusts. In this video, I share Noah's story and break down:
- Why 67% of Americans are making a costly mistake
- How probate court can cost your family up to $35,000 and 17 months of stress
- The simple steps to set up a living trust (even if you're not wealthy)
- Why this isn't just about money, but protecting your family's future
Have you dealt with probate court? Share your story in the comments below - it might help someone else!
📖 Chapters
00:00 A Late Night Call That Changed Everything
02:01 My Trust Obsession: Researching Estate Planning
03:29 The Painful Truth About Probate Court
04:03 Living Trusts: What They Really Are
05:27 Setting Up Your Trust: Simple Steps
06:51 How Helping Noah Changed Me Too
07:24 The Real Cost of Not Having a Trust
08:28 It's Not Just About Death - Protecting Your Family While You're Alive
09:53 Who Really Needs a Living Trust?
#estateplanning #livingtrust #probate
⚡️ Connect with Rich: ▶️ Subscribe for weekly financial insights: https://teachingmillionaires.com/youtube-subscribe 📱 Follow on Instagram: https://teachingmillionaires.com/instagram ✖️ X: https://teachingmillionaires.com/twitter 📘 Facebook: https://teachingmillionaires.com/fbgroup 🌐 Website: https://teachingmillionaires.com 🎧 Apple Podcasts - https://teachingmillionaires.com/apple-podcast 🎧 Spotify - https://teachingmillionaires.com/spotify-podcast
👥 About Rich Smith: Rich Smith helps individuals and business owners optimize their wealth through smart financial strategies. With expertise in tax incentives and wealth preservation, Rich breaks down complex financial concepts into actionable steps.
📌 This video may contain links through which we are compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. I am not a financial advisor. The information I share is for educational purposes only and shouldn't be considered as certified financial or legal advice. It is imperative you conduct your own research. I am sharing my opinion only.
101 bölüm
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