Money Protection Lawyer Never Do

11 Nov 2023 · 1 min

Watch on YouTube

0:40

In this brief video, attorney Jerry Taylor outlines five practical asset‑protection and estate‑planning recommendations that he advises against ignoring. He warns against drafting your own trust, placing retirement accounts directly into a trust, failing to use trusts or beneficiary designations to shield assets from divorce or lawsuits, holding rental properties in personal name, and neglecting to fund a revocable trust. Each tip is presented as a “never‑do” rule, emphasizing the potential legal and financial pitfalls of the opposite approach. The video concludes with a call‑to‑action directing viewers to his profile to sign up for the “Max Your Money” program.

Chapters

5 more things. Thing 1, I would never recommend to anyone that they prepare their own trust. If you want your family to hate each other and end up in litigation for years, go ahead. Thing 2, I would never put my retirement accounts in my trust. I would name my trust as the beneficiary. Thing 3, when they're due to receive the money, they may be in a divorce or in a lawsuit or I would either turn the account into a trust account or name the trust as a primary beneficiary. Thing 4, I would never put my rental homes in my own name. I would put each home in an LLC, think 5. I would never fail to fund my revocable trust. If you don't put your assets in your trust, it's of little use to you. Now go to my profile page link and sign up for Max Your Money.