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Hi, Clint Coons here with Anderson Business Advisors. In this session, we're going to discuss how do you use a nominee trustee? Okay, if you've looked at the video on using or choosing your trustee, I discussed the benefits of using a nominee trustee, that is someone other than you to provide anonymity. A lot of people take advantage of that admitting the fact that they use someone other than themselves as their trustee. Now, if they don't use a professional or someone who truly understands land trust, they find out later on when they want to do something with the property, they have problems. Think of it this way, you have a property right now that's in your name. Let's say, that property is in the name of Karen. Then Karen wants to set up a trust and transfer title of that property to that trust with a nominee trustee. Karen deeds the property into Clint Coons trustee of 732 Trust. If you watched the How to Name Your Trust video, you'll understand the proper way to take title and how to name your trust. For privacy purposes, I'm going with this. Karen transfers her property into my name as trustee. Now, if we've done it right, I'm going to resign. Whenever you use a nominee trustee, you want them to resign their position after the deed is signed. Not recorded, you don't need to do that. As soon as it's signed. Once the client deeds the property in the name of the trustee, it means once they signed the deed, I resign my position immediately at that point in time and I give them my resignation letter. Now when I resign, the trust document will state that Karen is the successor trustee. In the trust document itself, it states that Clint Coons is the initial trustee, Karen is the successor trustee, okay? Straightforward but on title, it's always going to read Clint Coons. That's how we get the anonymity. Here is where the problems typically arise for people who don't understand this and how it should work. They get the resignation down just fine. That is they resign their position, Karen takes over, she's the trustee of her trust, everything is working just fine, she has anonymity. Then all of a sudden she wants to do this, she wants to sell her property. Or two, she wants to refi her property. She walks into the bank and she tries to refi the property. The bank looks at the trust and say, "Who is this Clint Coons guy?" Or she tries to sell the property and escrow gets a copy, they pull a copy of the deed, and they say, "We can't give you the money, we have to send the money to Clint Coons because he's the one that's listed as trustee." Karen pulls out the resignation of Clint and says, "But he resigned." "We don't know that. How do I know you just didn't make that up?"...