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TRUST and ESTATE ISSUES in REAL ESTATE I OVERVIEW of Michbar Form

TRUST and ESTATE ISSUES in REAL ESTATE I OVERVIEW of Michbar Form

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[Music] the most important entity for a real estate investor is not what most people think most people think it's limited liability companies land trusts corporations but it's not it's actually a living trust there is one guarantee in life in that each of us have an expiration date and the question is is that if you're going to spend your entire time during your lifetime creating this wealth how do you plan to leave that to your beneficiaries you want to do so in a responsible manner that avoids probate and ensures that you've minimized estate taxes and you've created a structure working carry-on for multiple generations and continue to produce income or do you want to leave chaos because I find a lot of Real Estate Investors get so focused on the llc's and the business entity planning side of things that they truly forget about the estate plan and that living trust is the key component I always call it the foundation and I truly believe that's where you should start whenever you're go

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