My suggestion to you is do not hold property in your own name. Hold property in this wonderful, incredible entity that God created called trusts. This came over on the Mayflower. It's been around a lot longer than LLCs, corporations and limited partnerships and one of the great things is that because you have the trust because the property is already interest, you've already determined who the beneficiaries are, then there's no reason for probate and in fact trust is the only thing that avoids probate.
So doesn't it make sense to avoid the costs, the delay, the aggravation and the need for an attorney? It can all be eliminated simply by planning your estate. Putting each asset into its own trust, determining who the beneficiaries are, doing all the paperwork now instead of later and with the process of probate, many things can go wrong and certainly there can be a huge expense that you could avoid.
My suggestion to you is learn the magic of trusts. You can do that by simply going to my website streetsmartinvestor.com and on tools.
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Hi! It's Lou Brown. With another of my amazing 101 ways
for real estate investors like you to win, close more deals and accelerate your
cash flow. Today's tip number 47. Have your estate avoid probate using trusts.
Now, if you've ever had an experience in your family where someone passed away
and somebody was left with the burden and the responsibility of having to go
through probate, it's the process by which the court system, the local court
system, and the county in which any kind of property is located, the court
system has to determine who the rightful heirs are. And who is supposed to get
those assets or the income from those assets. And who's supposed to pay the
bills. Well, all of this is determined in the court system. Now that can cost
money. It can be a huge delay and it can be confounding, confusing. It can
break up families because it's the process and all the family members are not
aware of what's going on.
for real estate investors like you to win, close more deals and accelerate your
cash flow. Today's tip number 47. Have your estate avoid probate using trusts.
Now, if you've ever had an experience in your family where someone passed away
and somebody was left with the burden and the responsibility of having to go
through probate, it's the process by which the court system, the local court
system, and the county in which any kind of property is located, the court
system has to determine who the rightful heirs are. And who is supposed to get
those assets or the income from those assets. And who's supposed to pay the
bills. Well, all of this is determined in the court system. Now that can cost
money. It can be a huge delay and it can be confounding, confusing. It can
break up families because it's the process and all the family members are not
aware of what's going on.
My strong recommendation, my suggestion to you is do not
hold property in your own name. Hold property in this wonderful, incredible
entity that God created called trusts. This came over on the Mayflower. It's
been around a lot longer than LLCs, corporations and limited partnerships. And
one of the great things is that because you have the trust. Because the
property is already in trust, you've already determined who the beneficiaries
are, then there's no reason for probate. And in fact trust is the only thing
that avoids probate. So doesn't it make sense to avoid the costs, the delay,
the aggravation and the need for an attorney? It can all be eliminated simply
by planning your estate. Now putting each asset into its own trust, determining
who the beneficiaries are, doing all the paperwork now instead of later and
with the process of probate, many things can go wrong and certainly there can
be a huge expense that you could avoid.
hold property in your own name. Hold property in this wonderful, incredible
entity that God created called trusts. This came over on the Mayflower. It's
been around a lot longer than LLCs, corporations and limited partnerships. And
one of the great things is that because you have the trust. Because the
property is already in trust, you've already determined who the beneficiaries
are, then there's no reason for probate. And in fact trust is the only thing
that avoids probate. So doesn't it make sense to avoid the costs, the delay,
the aggravation and the need for an attorney? It can all be eliminated simply
by planning your estate. Now putting each asset into its own trust, determining
who the beneficiaries are, doing all the paperwork now instead of later and
with the process of probate, many things can go wrong and certainly there can
be a huge expense that you could avoid.
So my suggestion to you is learn the magic of trusts. You
can do that by simply going to my website, StreetSmartInvestor.com and on
tools. Learn about it right there and if you want a live training on it, if
you'd like to go to a four day event, go to MaximumAssetShield.com and there
you'll find a lot of information.
can do that by simply going to my website, StreetSmartInvestor.com and on
tools. Learn about it right there and if you want a live training on it, if
you'd like to go to a four day event, go to MaximumAssetShield.com and there
you'll find a lot of information.
So I hope that this has been valuable to you. It certainly
has been valuable to me in my life and I'm so glad I discovered this marvelous,
incredible thing called trust. I hope you will use this. I hope you will profit
by it. I love to share these profitable free tips with you. I'm a teacher at
heart. How can you get more? Well, depending on when you're seeing this and
where you're seeing this. Please like it. Love it. Comment on it. And
subscribe. And share this with your network too. Thank you so much for watching
and I hope to see you soon. Yeah, baby!
has been valuable to me in my life and I'm so glad I discovered this marvelous,
incredible thing called trust. I hope you will use this. I hope you will profit
by it. I love to share these profitable free tips with you. I'm a teacher at
heart. How can you get more? Well, depending on when you're seeing this and
where you're seeing this. Please like it. Love it. Comment on it. And
subscribe. And share this with your network too. Thank you so much for watching
and I hope to see you soon. Yeah, baby!
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