Mark Kohler explains why trusts matter for privacy and control. They avoid probate costs of $10,000 or more, keep estate matters private, and let you set conditions like age-based payouts for heirs. A funded trust gives your trustee immediate power to act after you die.
With a trust, everything is private. The trust also saves time and money. The average probate cost could run $10,000 or more, and that's in a simple case. If family members contest it, the fight can drag on for years. But with a funded trust, your trustee can act immediately. And then you have this control beyond the grave. They oftentimes call it dead hand control. Your hand just comes out of the grave. You can actually stagger payments, set age milestones, or put conditions on distributions that that means you're protecting heirs from blowing money in one shot. And also, if you know me, I love the Trifecta Foundation. Your trust sits at the bottom of your entire trifecta strategy, tying together your operations, your investments, and your tax return. Without it, the whole structure gets exposed and confusing. Who owns what, why, when, and how? We don't want that exposure.
The secret to managing your family's future #financialfreedom #estateplanning #shorts
Moving Property to an LLC: What They Don't Tell You #realestate #investing #tips
