0:42

In this concise monologue, Mark Kohler explains that foreign citizens who possess an Individual Taxpayer Identification Number (ITIN)—whether they are resident or non‑resident aliens—are fully eligible to establish a revocable living trust in the United States. He outlines why such a trust is especially valuable for ITIN holders: it allows a designated trustee (often the owner’s lawyer) to manage, maintain, or sell U.S. real‑estate assets on the owner’s behalf if the owner becomes incapacitated, passes away, or is otherwise unable to act while residing abroad. Kohler illustrates the concept with a hypothetical client from South America or Mexico who owns U.S. property, emphasizing that the trust ensures seamless handling of the property without citizenship‑related hurdles. He urges ITIN owners to create a trust and appoint a trusted attorney as trustee to protect their assets.

Chapters

More from MARK

0:24
youtube.com

Why you need both a Will and a Trust #estateplanning #finance #wealth

4w ago
0:45
youtube.com

Why you need a living trust 📝 #estateplanning #trusts #moneytips

4w ago
0:33
youtube.com

The easiest way to track your business profit #quickbooks #smallbiz

1mo ago
0:53
youtube.com

How To Be A Real Estate Professional (IRS Rules) #investing #taxes

1mo ago
0:27
youtube.com

The secret to managing your family's future #financialfreedom #estateplanning #shorts

1mo ago
0:35
youtube.com

Your Trust Is Worthless If You Don't Do This

1mo ago
0:47
youtube.com

Are your clothes actually a tax write-off? 🤔 #taxhacks #entrepreneur

1mo ago
0:49
youtube.com

Moving Property to an LLC: What They Don't Tell You #realestate #investing #tips

1mo ago
0:29
youtube.com

Simple steps to true asset protection #protection #wealth

1mo ago
0:26
youtube.com

How to build a real business foundation #entrepreneur #growth

1mo ago
1:18
youtube.com

Don't Pay Capital Gains Tax on Your Home Sale #taxes #realestate

1mo ago
See all content