How to Set Up a Trust Fund in 2023 [Step-by-Step]

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Information How to Set Up a Trust Fund in 2023 [Step-by-Step]

Title	:	How to Set Up a Trust Fund in 2023 [Step-by-Step]
Lasting	:	11.10
Date of publication	:
Views	:	122 rb

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Comment from : James Barr

This was very informative Thank you☺️👌
Comment from : TRIBEL Family TV

Can we include items that are currently still being leased or financed (vehicle that isn't paid off or properties)?
Comment from : S Cj

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, etcbrbrOr can you wait until things are established and profitable to obtain an estate and transfer everything over to the estate?
Comment from : Shanae Johnson

Yes, that was my next question, What's the difference between a trust and a will?
Comment from : Jon FX MasterMinds

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!
Comment from : Jazmine Jones

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?
Comment from : J&M Consulting Firm

should I still do this at this point of my life? I am currently 18 years old with no assets but I do have businesses
Comment from : Marco Nava Cruz

Yes please post video trust vs will
Comment from : Dee

How much money is needed to open and start a trust fund?
Comment from : Dee

Trust fund vs will
Comment from : Pinka Diamond

I’m 23 years old and I came across this video, I appreciate this content It was very informative
Comment from : Chief So

Thank you for sharing 😊
Comment from : BCassandra Thornton

There is a trust scam that the elderly need to be aware of They don't scam you, they scam your kids It better be up front in black and white exactly what your kids will get
Comment from : snoppyandtheredbaron

good information and good presentation
Comment from : lencoler smith

Money has no friends My daughters are 10 I don’t want their father can get it He will take it for him and no given no money to them I don’t want him to manage my hard work especially they are minors We allbrAre gonna die My twin deserve more than man
Comment from : Lachika Latina

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
Comment from : Rodney Mitchell

Warren Buffett pays himself thru trustees and IRS and others cant knock
Comment from : ManeILoveYall

Pay self thru a trust account like Warren Buffett
Comment from : ManeILoveYall

At 10:10 you misspelled argument bro Great video
Comment from : imantonio

Excellentthank you!
Comment from : Read: EPHESIANS 6:12

thats false
Comment from : geniah windsor

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 trustthey probably would not have clicked a video on how to Youtubers never want to get to the point
Comment from : michael monroe

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
Comment from : Terry Cowans

😂Dad jokes ❤
Comment from : Latasha Willer

How do I find these lawyers
Comment from : Andrew Loo

"Deaf" and taxes
Comment from : Bonusking

Get rid of the green spinner background logo shape -- very distracting This only skims the topic -- a lot of repeated info Good intro to a very detailed and (potentially expensive) process when employing an Estate Attorney to prepare the legal documents required
Comment from : Mary Ford

Step by step? Nope
Comment from : Sophia Graff

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
Comment from : Charles Adair

Thank you
Comment from : Dolores Morales

thanks, your video was helpful!
Comment from : Svonte Smith

Haha love the intro!
Comment from : Ca$hFlow Junkie$

Great video! I would love to see one on trust vs will
Comment from : Moe Shelton

Thank you for making this video with such a wealth of information🙏
Comment from : cars drive

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
Comment from : JustRollinTruckin

Where can I go to start a trust fund??
Comment from : Foreign Diva

Great info Thank you
Comment from : angela houston

Yes
Comment from : Retired Vet

Can I petition to have the word algorithm banned from being used? I’m tired of it!
Comment from : Rulo ramos

Great info, please make the more in depth video on Trust
Comment from : Nine Ether

Really nice explanations
Comment from : Nicholie Azares

Hi have a question , if you don't have a lot of money what the minimum you could start with
Comment from : Meledje Entreprise

Very informative 🙏🏾👑brPlease Make one on trust VS a will
Comment from : Sabrina Valbrun

YOU ARE SO VERY EDUCATIONAL AND KNOWLEDGEABLE
Comment from : Karen Fashaw

Yes, make the verses video please
Comment from : Victoria “Nakara” Kizer

Did u ever make the other video? I’m about to search now but i still had to like comment and subscribe first
Comment from : Love The Game / Love The Grind

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
Comment from : Jathon Williams

This guy got jokes, he's great
Comment from : Jose Picos

Definitely making my kids watch 300 lyfe accounting videos before they inherit my $47 trust fund
Comment from : Woahtherr

NO ATTORNEYS …they will talk you into wills and suck you dry
Comment from : KER

WHY WOULD YOU TELL OR ADVISE TO PUT AN LLC IN A TRUST??? I DONT GET THAT! PUTTING A LLC IN A TRUST TAKES AWAY THE SHIELD 🛡 THAT COMES WITH A LLC AND TO MAKE IT WORSE YOU SPEAKING OF A REVOCABLE TRUSTSMH
Comment from : Andre Mckenzie

If you have not already done so, please do the will vs trust fund video
Comment from : Winston Simon

Question:What if you have and S-Crop
Comment from : DreDre

Yes make an in-depth video on a trust fund and will Great video by the way
Comment from : Healthy Tasty Cuisine

Thank you for this video
Comment from : Joshua Trevino

🔥
Comment from : Frederick A

Please make a difference between a will or trust fund
Comment from : aishma kennedy

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
Comment from : Collin Whittaker

At what age should someone set-up a Trust fund? A soon as he's married and has a kid?
Comment from : Stephen Smith

Very clear explanation Thank you
Comment from : Paul Kohanski

nice, thanks giving an overview of "how" to do it
Comment from : Zeropain

play at 2x speed
Comment from : Shadeaux6

Excellent
Comment from : Brother Errol

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 👍
Comment from : Kym La May

I always appreciate the insight 👍🏾🤞🏽 Thank you so much for caring and sharing🙏🏽💯🎉😍
Comment from : Elevating Empowering Endeavors LLC

Isn't a trust fund better because your beneficiaries won't have to pay taxes on the money distributed to them?
Comment from : Richard Suitt

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?
Comment from : Derrick Singletary

Yes, I would like to know the difference between a trust and a will
Comment from : DONITA PHILPOT

Nothing was great about Benjamin Franklin 😕
Comment from : The Great One

Trust fund versus a will
Comment from : Barbara Mabvudza

I would love to see a Will Vs Trust fund video
Comment from : Charles Lovjoy

Awesome video! Thank you! ❤
Comment from : Work From Home

That was an amazing and informative video my brother!
Comment from : Laquell J Entertainment

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
Comment from : Master Baitor

Does adding My Rental Property and each one of my other businesses (that are all on the same property) prevent them from paying taxes?
Comment from : Robin Cheramie

I have some property (house and barn with a rental apartment upstairs) I purchase to turn into businesses brDo I have to make a legal transfer as in when I purchased the property? brOr is it just listing it in the Trust papers?
Comment from : Robin Cheramie

Impressive, I realized that the secret to making a million is saving for a better investment I always tell myself you don’t need that new Aston Martin or that vacation in Hawaii just yet and that mindset helps me make more money investing For example last year I invested 100 grand in blue chip stocks (with the help of my advisor Rita Wildrin Mora of course) and made 450k, but guess what? I put it back and traded with her again and now I’m rounding up close to a million Hoping to get to 2 In 6 months
Comment from : Serene Whopperman

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!
Comment from : Joy E

Bro, please don’t start another video with “great Ben Franklin” thanks for the info though ✊🏽
Comment from : ArtOnDekz: Hip-hop l Culture l Tech l Fashion

Is a revocable trust and pour over trust the same thing?
Comment from : R Rivers

😂😂 the opening statement
Comment from : Shonniepfit

Thank you ,good information/straight to the point
Comment from : Steven Meek

More please!trust funds vs will, revocable vs irrevocable, foreign vs local
Comment from : Kimberly Nicole

Yes, definitely make a video comparing a will versus a trust fund
Comment from : Troy Dunbar

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 YouTube!
Comment from : DB Douglas

Yes Pls do wills vs trust
Comment from : Apryl Harris

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
Comment from : Frugal Dad Finance

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
Comment from : Alberto Pérez

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? brbrWould like to see the video on Wills vs Trust funds! And I TRUST that you WILL do another corny joke 😆😁
Comment from : Bree W

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?
Comment from : SisterSparks