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LAWYER EXPLAINS: Revocable Trusts in 5 Minutes

335K views · Jul 28, 2026 · Entertainment

Comments · 200

  • @waituntilthebeep · 2 months ago

    You don't pay to skip probate, you pay to keep probate courts and attorneys from drawing everything out and taking your assets through legal "fees".

    113

  • @ES-iz4wf · 1 month ago

    My wife and I are in our late 50’s and just completed our Revocable Living Trust which included our wills, power of attorney and our medical directives two weeks ago with our attorney.  As noted in this video each person’s situation is different.  Our attorney was very thorough and explained the process perfectly.  Our paperwork was filled with the county clerk’s office that day and we were provided copies prior to leaving the attorneys office and also received emailed copies that same day.  It can be costly,  however it’s done and a small price to pay for piece of mind.

    15

  • @peterdelbove2838 · 1 month ago

    As a former Estate Planning Attorney.....you did a nice job with your explanation for lay people.

    29

  • @HR-rt9nh · 1 month ago

    thanl you.    i asked 4 lawyers in NV  about this  and they gave me legal mumbo jumbo   you explained it clearly.

    15

  • @JeffFreelove · 1 month ago

    Thank you for your clarification.  The down side of an Irrevocable is the tax ladder is steeper than joint income or a Revocable trust.  Then this will require annual coordination between your financial advisor and tax accountant/attorney to ensure the minimal federal tax bite.

    9

  • @Sun-Soul · 2 months ago

    Excellent information Tiffany! Thank you so much. I&apos;m not in North Carolina, and to be honest, I&apos;m not even sure how your channel came into my recommendations a while back, but I learn so much from your videos and so I subscribed and have been learning and enjoying ever since. I truly appreciate the clarity and transparency you provide in how the law works. Particularly with real estate. As I hope to one day soon enjoy a home of my own.<br> Currently, I don&apos;t have 2 nickels to rub together, but there is the dream....✨☺✨

    28

  • @TonyReilly-mt7uu · 1 month ago

    Thank you for articulating the definition of the &quot;revocable trust&quot; clearly.

    9

  • @jameslee5428 · 1 month ago

    Finally simple, to the point, easy to understand.Thank you for making it so.

    4

  • @Realtalkwithhashamtahir · 1 month ago

    Revocable trusts shine most when you own property in multiple states, probate in two states at once is a nightmare people do not see coming.

    3

  • @knothead5 · 2 months ago

    &quot;I, being of sound mind and body, spent everything! Tough!&quot;

    18

  • @scottwilson4078 · 2 months ago

    I am a huge fan of intentionally imperfect irrevocable Medicaid Asset Protection Trusts.

    2

  • @jamgill9054 · 2 months ago

    The best, to the point explanation, I&apos;ve seen on the topic. Thank you!

    1

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