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Video instructions and help with filling out and completing When Form 2220 Estates

Instructions and Help about When Form 2220 Estates

So this video addresses a significant estate planning problem in America and what to do about it so if you've set up a revocable living trust in an attempt to enable your family to avoid probate when you die then you need to watch this video from start to finish but before I get into all the details let me first congratulate you because if you've set up your living trusts you've taken some steps to enable your family to avoid all those difficulties that people complain about probate takes too long gotta hire lawyers it's expensive I've got a deal with courts and pleadings and frozen accounts and can't sell the real estate so congratulations for taking those steps to enable your family to avoid that however there's a problem out there and it's a beast and the big problem is that people are setting up living trusts and they're not funding or they're not retitling assets into the name of their trust assets aren't in their trust when they die so those assets are frozen and there's no way around the probate because there are assets still in your name when you pass away now when a trust is fully funded it's a beautiful thing so let me give an example mom passes away her trust is fully funded she has her house she has her investment she has her CDs they're all titled in the name of the trust she has three kids she arranged her trust so that her oldest son would be the successor trustee when mom died her three children would be equal beneficiaries mom dies everybody knows the house is gonna get sold so because mom had set things up the right way the day after mom dies son plopsa for sale sign...

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