Does a Living Trust Protect Your Assets? The Truth About Asset Protection
Tree of Life Law Firm
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Hi, attorney Edmund Yan here. On this channel, I share truths about estate planning from a biblical perspective. As an attorney, I help my clients leave a meaningful inheritance. Because of my dedication to my clients, Iโve received many humbling awards, including the 10 Best Estate Planning Attorney and recognition as one of the top 2.5% estate planning attorneys for 7 straight years. I say this not to boast, but to give you peace of mind that I know what I'm talking about...because many of you think I'm still in college... I can't wait to share how to apply God's word in your estate plan so you can glorify Him with what he's blessed you with. _________________ Legal Disclaimer: The information (1) is not legal advice; (2) does not create an attorney-client relationship between you and our law firm; (3) provides personal perspectives on legal news and developments; and (4) is provided solely for informational purposes and is considered attorney advertising. Use at your own risk.
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๐๐๐ ๐ข๐ฌ๐ญ๐๐ซ ๐๐จ๐ซ ๐ญ๐ก๐ ๐ ๐ซ๐๐ ๐๐ข๐ฏ๐ข๐ง๐ ๐๐ซ๐ฎ๐ฌ๐ญ ๐๐ฅ๐๐ฌ๐ฌ: http://www.FreeTrustClass.com Does a Living Trust Protect Your Assets? The Truth About Asset Protection // A very common question I get is: โCan a living trust protect me from losing everything in a lawsuit?โ The short answer is yes and no. In this video, estate planning lawyer Edmund Yan will break down the truth about living trusts and lawsuits. Youโll learn what a living trust can and cannot do, and Iโll share practical strategies to better protect your assets from legal threats. Letโs cut through the confusion so you can take steps today to safeguard what youโve worked so hard to build. #TreeOfLifeLawFirm #AssetProtection #TrustsForAssetProtection #LivingTrust ____________________ โ๏ธ (๐ ๐ซ๐๐ ๐๐ฅ๐๐ฌ๐ฌ) ๐๐จ๐ฐ ๐ญ๐จ ๐๐๐ค๐ ๐๐จ๐ฎ๐ซ ๐๐ข๐ฏ๐ข๐ง๐ ๐๐ซ๐ฎ๐ฌ๐ญ ๐๐๐๐๐๐๐ ๐๐ข๐ซ๐ข๐ง๐ ๐ ๐๐๐ฐ๐ฒ๐๐ซ: http://www.FreeTrustClass.com ____________________ 00:00 - Intro 00:47 - What Is a Living Trust? (In Plain English) 02:15 - Why Living Trusts Donโt Protect YOU Against Lawsuits 03:49 - Do Living Trusts Protect Your Beneficiaries Against Lawsuits? 06:36 - Discretionary Distributions for Enhanced Protection 08:39 - Spendthrift Provisions 09:13 - Protection in Divorce or Marital Disputes 10:13 - Provisions for Minors and Vulnerable Beneficiaries 13:47 - The Real Benefits of a Living Trust 14:52 - How to Actually Protect Your Assets From Lawsuits 15:00 - 1. Asset Protection Trusts 16:57 - 2. Homestead Exemptions 17:28 - 3. LLCs and Corporations 17:43 - 4. Umbrella Insurance 18:02 - 5. Tenancy by the Entirety 18:21 - Real-Life Example: Protecting a Rental Property 18:45 - Step 1: Transfer the rental property into an LLC. This separates it from your personal assets. 18:59 - Step 2: Purchase an umbrella insurance policy to cover any claims that exceed the LLCโs liability limits. 19:08 - Step 3: Consider setting up an irrevocable trust to hold the LLC, adding another layer of protection. 19:33 - What You Should Do Next 20:26 - Watch the Free Living Trust Class 21:02 - Prayer ____________________ Tree of Life Law Firm (408) 412-1913 https://www.treeoflife.legal ๐ ๐๐ ๐๐๐ ๐๐๐๐ ๐๐ ๐ ๐๐ ๐ ๐๐๐ ๐๐๐๐๐ ๐๐๐๐๐๐. ๐๐ ๐๐จ ๐ง๐จ๐ญ ๐จ๐๐๐๐ซ ๐๐ซ๐๐ ๐ฅ๐๐ ๐๐ฅ ๐๐๐ฏ๐ข๐๐. ๐๐ง๐ฅ๐ฒ ๐๐จ๐ง๐ญ๐๐๐ญ ๐ฎ๐ฌ ๐ข๐ ๐ฒ๐จ๐ฎ ๐ฐ๐๐ง๐ญ ๐ญ๐จ ๐ก๐ข๐ซ๐ ๐ฎ๐ฌ ๐๐ฌ ๐ฒ๐จ๐ฎ๐ซ ๐๐ฌ๐ญ๐๐ญ๐ ๐ฉ๐ฅ๐๐ง๐ง๐ข๐ง๐ ๐๐ญ๐ญ๐จ๐ซ๐ง๐๐ฒ. Attorney Edmund Yan is on a mission to empower you and every homeowner in America (regardless of your budget) to make your own trust that actually works and actually protects your house and family from probate court. Join Edmund in this free class as he reveals secrets that other lawyers don't want you to know... because after watching this class, many of you will be able to do it yourself without dipping into your savings to hire a lawyer to do it. Due to Edmund's demanding schedule, this free class is for a limited-time only, so click the link below to watch now before this class is no longer offered: http://www.FreeTrustClass.com ____________________ About Attorney Edmund Yan: Hi, Edmund here. Iโve helped hundreds of clients design a meaningful future and leave a legacy of love. Because of my dedication to my clients, Iโve received many humbling awards, including: ๐ Awarded 10 Best Estate Planning Attorney (AIOLC) ๐ Clients' Choice Award (Avvo) ๐ Voted in the top 2.5% of estate planning attorneys under 40 years old for 7 straight years (Super Lawyers Rising Star) Thanks for watching! If you enjoyed this video and want to see more like it, be sure to hit that subscribe button and turn on notifications so you never miss a new upload. ____________________ Legal Disclaimer: The information in this YouTube video (1) is not, nor is it intended to be, legal advice; (2) does not create an attorney-client relationship between you and our law firm; (3) provides personal perspectives on legal news and developments; and (4) is provided solely for informational purposes and may be considered ATTORNEY ADVERTISING. We do not warrant that this information is complete or accurate, and we encourage you to do your own legal research or hire an attorney to ensure your legal questions are answered. We do not guarantee that you and your family will avoid probate court. Results vary depending on your own ability to make your living trust and other estate planning documents correctly. Watching this video, leaving a comment, or communicating with Edmund Yan or Tree of Life Law Firm by email or over the Internet does not create any attorney-client relationship unless an attorney-client agreement is signed. Edmund Yan is licensed in California and New York only. Prior results do not guarantee a similar outcome. If you have legal questions specific to your unique situation, you should speak to an attorney in your state.
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