7 Disadvantages Of Putting Your Home In A Living Trust

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In today’s video, we’re breaking down seven key disadvantages of putting your home into a living trust. While living trusts offer fantastic benefits like avoiding probate and simplifying estate management, they also come with some drawbacks that you should be aware of.

I'll guide you through important trust administration considerations while discussing essential trustee duties. Despite these challenges, I'll explain why estate planning remains crucial for protecting your assets and how trust agreements can still be valuable tools in estate law. 🏠

Knowing how to navigate these scenarios can save you time and frustration. Stick around to learn the full picture!"

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Show Notes:
0:00 Intro
0:45 First Disadvantage
1:13 Second Disadvantage
1:55 Third Disadvantage
4:40 Fourth Disadvantage
3:32 Fith Disadvantage
4:37 Sixth Disadvantage
5:45 Seventh Disadvantage
7:08 The Pros of Living Trusts and Avoiding Probate
10:06 Privacy and Flexibility
12:17 Reduce Risks
15:18 Estate Tax Benefit
16:16 Asset Protection
19:31 Final Notes
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

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