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Trustee vs Trustor Explained: Key Differences to Avoid Estate Planning Mistakes

Tree of Life Law Firm 1,362 3 months ago
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๐‘๐ž๐ ๐ข๐ฌ๐ญ๐ž๐ซ ๐Ÿ๐จ๐ซ ๐ญ๐ก๐ž ๐…๐ซ๐ž๐ž ๐‹๐ข๐ฏ๐ข๐ง๐  ๐“๐ซ๐ฎ๐ฌ๐ญ ๐‚๐ฅ๐š๐ฌ๐ฌ: http://www.FreeTrustClass.com Trustee vs Trustor Explained: Key Differences to Avoid Estate Planning Mistakes // Whatโ€™s the difference between a Trustee and a Trustor in a revocable living trust? One of the most overlooked yet critical issues is misunderstanding the roles of trustee and trustor. Without clear knowledge of who does what, you could end up with a trustee who isnโ€™t equipped for the job, instructions that leave room for conflict, or an estate plan that fails to achieve your goals. The result? Unnecessary stress for your family and potential harm to your legacy. In this video, estate planning lawyer Edmund Yan will break down these two critical roles in plain English. By the end, youโ€™ll know how to avoid common mistakes, pick the right people for the job, and feel confident your estate plan will stand the test of time. #TreeOfLifeLawFirm #TrusteeVsTrustor #LivingTrust ____________________ โœ๏ธ (๐…๐ซ๐ž๐ž ๐‚๐ฅ๐š๐ฌ๐ฌ) ๐‡๐จ๐ฐ ๐ญ๐จ ๐Œ๐š๐ค๐ž ๐˜๐จ๐ฎ๐ซ ๐‹๐ข๐ฏ๐ข๐ง๐  ๐“๐ซ๐ฎ๐ฌ๐ญ ๐–๐ˆ๐“๐‡๐Ž๐”๐“ ๐‡๐ข๐ซ๐ข๐ง๐  ๐€ ๐‹๐š๐ฐ๐ฒ๐ž๐ซ: http://www.FreeTrustClass.com ____________________ 00:00 - Intro 01:22 - Trustee vs. Trustor: Whatโ€™s the Difference? 06:35 - Why Understanding These Roles Is Critical 12:44 - Common Missteps and How to Avoid Them 12:50 - 1. Mistake: Choosing the Wrong Trustee 15:00 - 2. Mistake: Not Communicating Your Wishes Clearly 15:54 - 3. Mistake: Forgetting to Update the Trust 16:59 - Real-Life Scenarios to Learn From 19:16 - Practical Tips for Success 19:19 - 1. As a Trustor 20:08 - 2. As a Trustee 21:08 - Watch the Free Living Trust Class 21:33 - Prayer ____________________ Tree of Life Law Firm (408) 412-1913 https://www.treeoflife.legal ๐Ÿ›‘ ๐ƒ๐Ž ๐๐Ž๐“ ๐‚๐€๐‹๐‹ ๐”๐’ ๐…๐Ž๐‘ ๐…๐‘๐„๐„ ๐‹๐„๐†๐€๐‹ ๐€๐ƒ๐•๐ˆ๐‚๐„. ๐–๐ž ๐๐จ ๐ง๐จ๐ญ ๐จ๐Ÿ๐Ÿ๐ž๐ซ ๐Ÿ๐ซ๐ž๐ž ๐ฅ๐ž๐ ๐š๐ฅ ๐š๐๐ฏ๐ข๐œ๐ž. ๐Ž๐ง๐ฅ๐ฒ ๐œ๐จ๐ง๐ญ๐š๐œ๐ญ ๐ฎ๐ฌ ๐ข๐Ÿ ๐ฒ๐จ๐ฎ ๐ฐ๐š๐ง๐ญ ๐ญ๐จ ๐ก๐ข๐ซ๐ž ๐ฎ๐ฌ ๐š๐ฌ ๐ฒ๐จ๐ฎ๐ซ ๐ž๐ฌ๐ญ๐š๐ญ๐ž ๐ฉ๐ฅ๐š๐ง๐ง๐ข๐ง๐  ๐š๐ญ๐ญ๐จ๐ซ๐ง๐ž๐ฒ. Attorney Edmund Yan is on a mission to empower you and every homeowner in America (regardless of your budget) to make your own trust that actually works and actually protects your house and family from probate court. Join Edmund in this free class as he reveals secrets that other lawyers don't want you to know... because after watching this class, many of you will be able to do it yourself without dipping into your savings to hire a lawyer to do it. Due to Edmund's demanding schedule, this free class is for a limited-time only, so click the link below to watch now before this class is no longer offered: http://www.FreeTrustClass.com ____________________ About Attorney Edmund Yan: Hi, Edmund here. Iโ€™ve helped hundreds of clients design a meaningful future and leave a legacy of love. Because of my dedication to my clients, Iโ€™ve received many humbling awards, including: ๐Ÿ† Awarded 10 Best Estate Planning Attorney (AIOLC) ๐Ÿ† Clients' Choice Award (Avvo) ๐Ÿ† Voted in the top 2.5% of estate planning attorneys under 40 years old for 7 straight years (Super Lawyers Rising Star) Thanks for watching! If you enjoyed this video and want to see more like it, be sure to hit that subscribe button and turn on notifications so you never miss a new upload. ____________________ Legal Disclaimer: The information in this YouTube video (1) is not, nor is it intended to be, legal advice; (2) does not create an attorney-client relationship between you and our law firm; (3) provides personal perspectives on legal news and developments; and (4) is provided solely for informational purposes and may be considered ATTORNEY ADVERTISING. We do not warrant that this information is complete or accurate, and we encourage you to do your own legal research or hire an attorney to ensure your legal questions are answered. We do not guarantee that you and your family will avoid probate court. Results vary depending on your own ability to make your living trust and other estate planning documents correctly. Watching this video, leaving a comment, or communicating with Edmund Yan or Tree of Life Law Firm by email or over the Internet does not create any attorney-client relationship unless an attorney-client agreement is signed. Edmund Yan is licensed in California and New York only. Prior results do not guarantee a similar outcome. If you have legal questions specific to your unique situation, you should speak to an attorney in your state.

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