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CMS Law Firm LLC
United States
Приєднався 25 вер 2013
I started this law firm for several reasons, the biggest of which was that I myself, though a father and a husband, didn't have a plan in place to take care of my family if something were to happen to me, to my wife, or both of us. To me, estate planning isn't just about passing on things and avoiding taxes, it's about protecting my family and creating generational wealth. Most of us out there believe generations after us should have it easier than the generation before. For some this happens through education, but for all of us it should happen through the accumulation and distribution of wealth AND knowledge. It's not money that makes the next generation better, it's the money combined with knowledge, family values, mission statements, family history, and all of the things that make your journey through this world unique. Our mission is to help our clients create plans that protect their families and create generational wealth, both while they are here and when they are gone.
How to set up a trust for a blended family.
How to set up a trust for a blended family.
We do estate planning. We do probate. We do it well.
If you are in Washington State and need help, you can get a free strategy session here - cmslawfirm.com/
#estateplanning #probate #realestate #wealth #trusts #legacy #estatetaxes #inheritance #estateplanning attorney
We do estate planning. We do probate. We do it well.
If you are in Washington State and need help, you can get a free strategy session here - cmslawfirm.com/
#estateplanning #probate #realestate #wealth #trusts #legacy #estatetaxes #inheritance #estateplanning attorney
Переглядів: 125
Відео
Should you put rental properties in separate LLCs and separate trusts?
Переглядів 298День тому
Rental property and asset protection. There is a theory out there that for every rental property you own you should have a separate trust AND a separate LLC. Is that right? Find out here. #estateplanning #trusts #realestate #attorneysoftiktok #LLC #assetprotection #landtrust #cmslawfirm
What is a self-settled irrevocable trust?
Переглядів 16628 днів тому
What is a self-settled irrevocable trust?
3 common trust distributions provisions.
Переглядів 199Місяць тому
3 common trust distributions provisions.
Here's how to sell a property in a revocable trust.
Переглядів 344Місяць тому
Here's how to sell a property in a revocable trust.
Divorce - the perfect time - and wrong time - to update your estate plan.
Переглядів 1242 місяці тому
Divorce - the perfect time - and wrong time - to update your estate plan.
Don't look too far ahead when estate planning.
Переглядів 3372 місяці тому
Don't look too far ahead when estate planning.
Why is a trust better than an LLC for real estate distributions?
Переглядів 2503 місяці тому
Why is a trust better than an LLC for real estate distributions?
The worst way to transfer assets to your minor children.
Переглядів 3394 місяці тому
The worst way to transfer assets to your minor children.
What happens if you name Donald Trump as your executor?
Переглядів 1784 місяці тому
What happens if you name Donald Trump as your executor?
How to sell a house with a mortgage on it.
Переглядів 1354 місяці тому
How to sell a house with a mortgage on it.
How do LLCs give you asset protection?
Переглядів 1985 місяців тому
How do LLCs give you asset protection?
Take care of your parents without messing up medicaid.
Переглядів 2455 місяців тому
Take care of your parents without messing up medicaid.
The end of anonymous LLCs in 2024!
Переглядів 1,1 тис.5 місяців тому
The end of anonymous LLCs in 2024!
Death - inheritance - rise from the dead - what happens?
Переглядів 2325 місяців тому
Death - inheritance - rise from the dead - what happens?
Beneficiary of a beneficiary, a good will witness?
Переглядів 1805 місяців тому
Beneficiary of a beneficiary, a good will witness?
What if you sue someone and they die
Переглядів 3696 місяців тому
What if you sue someone and they die
Client Profile #181 - Married - Adult kids - Trust.
Переглядів 796 місяців тому
Client Profile #181 - Married - Adult kids - Trust.
Where did the $12.92 estate tax exemption amount come from?
Переглядів 746 місяців тому
Where did the $12.92 estate tax exemption amount come from?
How long can a house stay in a trust?
Переглядів 9166 місяців тому
How long can a house stay in a trust?
Estate planning for children with disabilities.
Переглядів 716 місяців тому
Estate planning for children with disabilities.
Can you disinherit someone by giving them $1?
Переглядів 1146 місяців тому
Can you disinherit someone by giving them $1?
Client Profile #180 | Married with minor kids - adding a trust.
Переглядів 376 місяців тому
Client Profile #180 | Married with minor kids - adding a trust.
What if you can't find the original will?
Переглядів 1726 місяців тому
What if you can't find the original will?
What happens if you get an inheritance while the giver is still alive
Переглядів 2126 місяців тому
What happens if you get an inheritance while the giver is still alive
Your older Fellows and Pragmatic Clients agree. They also say don’t get the Estate Plan Financial Elder Abusers and Trust thieves use to steal your clients homes. You’ll want to credit your older clients forgeable estate plans towards a forgery proof counterfeit free Latin Law Model permission validation ledger interdiction trust Prebate System complete administration. Costing Grantors a Prebate Nickel or Grantees a Probate Dime. For dozens of security services above and beyond the Estate Plan arriving in September. When NICER Global Prebate System connects millions of Jobs in Justice defending families from Estate Plan forgers and no plan counterfeiters. With the Notary Index Crime Enforcement Registry Team of Millions of Pro Bono backup Prebate System Advisors. So your clients can move and you can retire with Fiduciary Peace of mind. Your fellows will be happy to complete your administrations for free to enroll the next generation of Prebate or probate clients.
Although we appreciate your honesty your Pragmatic Clients disagree, inheritance and Legacy thieves use these to steal our legacies when we’re vulnerable. Plus a Trust has dozen of other benefits like appointing guardians for minors, preventing Conservatorships with included DPOA, includes medical directives, forgery proofs inheritances, counterfeit frees Legacies, and appoints a Global Team of Prebate Trust Advisors to protect clients from quit claim jumping financial elder abusing title deed thieves. So the Latin Law Model Interdiction Trust has dozens of services above and beyond the Estate Plan. And Prebate Nickel or NICER Probate Dime beats the no plan counterfeiters and Estate Plan Forgers Litigation Quarter.
Good morning your senior Legals and Pragmatic Clients are recommending a forgery proof warrantee deed, defended in the Notary Index Crime Enforcement Registry. To Prebate System permission validation ledger avoid quit claim jumping title deed thieves with a counterfeit free Latin Law Model Interdiction Trust. After they distinguished themselves among their peers advancing their careers to NICER approved Prebate Trust Advisors. Earning 850% more than Estate Planners, avoiding the Estate Plan Litigation Quarter with a NICER Prebate Nickel or Probate Dime. Backing a Team of millions of Global Prebate Advisors so clients can move and Legals can retire with Fiduciary Peace of Mind.
Good morning Citizens Law and Legals are sick and tired of Estate Plan Financial Elder Abusers, installing millions of Jobs in Justice to fix it. Legals will distinguish themselves among their peers advancing their careers to Notary Index Crime Enforcement Registry approved Prebate System Advisors, earning 850% more than Estate Planners. Installing the Latin Law Model Interdiction Trust Permission Validation Ledger Forgery Proof Inheritance and Legacy Wealth Transfer, Fundings, Amendments, Distributions and Settled Administrations. Parents pay a Prebate Nickel or Grantees pay a Probate Dime to avoid the Estate Plan Crime and Quarter 25% Litigation. Elevating the profession and credibility with histories most relevant Legal Niche, free coaching and pragmatics on Empire College School of Law UA-cam Posts.
Can you use your IRA for a trust and are there any tax benefits? Avoid differed taxes?
Great video! Are you familiar with Illinois law? I named an executor who is also beneficiary in my will. Does that take care of his ability to sell my condo and avoid probate? I also have him as beneficiary on my bank accounts. Will these avoid probate or should I go to TOD or a revocable trust as you mentioned? I don't have alot really at all except for the possible profit on my condo
How do I avoid them having to pay property taxes? Lets say they aren’t earning enough money to pay the property tax bill.
say you make 50,000 on that charitable asset for year 1...How is that taxed?
Taxed as investment income (essentially) and reported on a k1.
Will the owner of the property get tax reassessed if he puts a non relative as the main trustee in a living trust before the trustor dies?
Depends on the state. I'd check with an attorney in your state to make sure (most of the time, no, so long as beneficiary remains owner).
What a truly horrible disservice you’re doing here, spreading misinformation and talking your own book.
I didn't mention a book I don't think. I don't have a book... that's why I'm sure I didn't mention a book. Cheers.
@@CMSLawFirmLLC “Talking your own book” is a well-known phrase 🙄 that means giving biased opinions to sell your own product/service.
Since Medicaid Asset Protection Trusts are perfectly legal, could you clarify why you label them a scam? Also, how is a life insurance policy with a long-term care rider cheaper when $1 million policies can cost around $10,000 annually over decades? Please explain.
I think I did a good job of explaining it in the video - which is over 6 years old at this point - but I don't remember specifically what I've said. I've since made other videos on medicaid trusts - I'd encourage you to check those out. Thanks for the thoughts - appreciate you.
@@CMSLawFirmLLC Since you forgot why you called it a “scam”, I’ll refresh your memory: 1. **Assets Out of Your Name**: Yes, you need to transfer assets into the trust, which means relinquishing direct control. This step is crucial for protecting these assets and qualifying for Medicaid. With proper planning, the risks can be managed effectively. 2. **Usage Restrictions**: The trust has specific rules on how assets can be used, but these rules ensure compliance with Medicaid. Proper legal advice can help navigate these restrictions without much hassle. 3. **Five-Year Look-Back Period**: The five-year look-back period is standard to prevent last-minute asset transfers. It encourages early planning, which is not fraud when done correctly. It’s about being proactive and compliant with Medicaid rules. 4. **Cost and Complexity**: While setting up a Medicaid trust can be expensive (around $10,000), dismissing it as a scam ignores its substantial benefits. These trusts can protect significant assets from being spent on long-term care. 5. **Your Alternative Recommendations**: Long-term care insurance and life insurance with a long-term care rider are viable alternatives but come with high costs, especially for those over 70. These policies often end up being more expensive than setting up a Medicaid trust. Medicaid trusts require careful planning and come with some costs, but they are a legitimate and effective tool for asset protection. Your alternatives, though valid, can be prohibitively expensive for older individuals. The flaw in dismissing Medicaid trusts outright is that it oversimplifies their benefits and the strategic planning they require.
Good morning thank you for your honesty, anonymity thieves steal Legacies with LLCs when we hide from widows and orphans and run from slip and falls. Inheritance thieves steal our homes with RLTs, and Estate Planners run like chickens when it cost 25% in Litigation. Get a Forgery Proof Latin Law Model Interdiction Trust. With Permission Ledgers to avoid Estate Plan Forgers and No Plan Counterfeiters. Validation and Certification avoids crime with an Interdiction Trust Advisor trained by Empire College School of Law Pragmatic Ancestor Client Elder Grantor Grandparents Pragmatic Posts.
Thank you
Good morning welcome back! Get a forgery proof Permission Ledger Latin Law Model Interdiction Trust. With a NICER Authorized Global Inheritance Crime Enforcement Network Pro Bono Backup Fiduciary Security Interdiction Trust Advisor. Trained by Empire College School of Law UA-cam Posts to Permission Defend, Registry Record Grantors and Grantees, Ledger Monitor, FinCEN Validate, and NICER Certify crime free inheritance and legacy wealth transfer, funding, amendments, distribution, and settled administrations to avoid Financial Elder Abuse. NICER CAVEAT inventory, appraise, gift small expensive items and weapons legally before they march.
It’s a good thing I saw this I almost went over 😅
You're welcome! :)
Can someone set up a dba of your sole proprietorship or llc change the address and gain control of the businesses?
No. They could set up a separate account as a dba with the same name... but your name is on your account.
What about irrevocable trust? Does it makes sense to have more than one irrevocable trust?
It definitely can. It just depends on what you're trying to do...
That is a lie. If i sell the house the money still is mine unless i die.
If you give your house to your kids it is no longer your house... that's what we're talking about here.
Obvious question: What is the exception you mentioned involving wanting to have multiple revokable living trusts? PS: Remember to update this video with a URL directing people to that video response that you mentioned you would do regarding this topic.
If married and had a lot of separate property that might be a good idea. If you had a business and you wanted it handled a specific way, privately, or with a different trustee, it might be a good idea.
@@CMSLawFirmLLC You're doing amazing work with all these videos, keep up the amazing work!
Ridin’ with Biden 2024! 💙🇺🇸⚡️
good to know... :)
Question, let's say I have a trust that was created in the United States and also have a property in Jamaica, can I put that international property in the trust that was created in the United States?
I'd advise against it until you talk to a Jamaican attorney. The rules in different countries can be VERY different with BIG tax consequences. The key is to learn what each country's laws are and make decisions from there.
If someone worked for a corporation, say a church.. and early on in their career, they made a will, with a lawyer having the church as a client... and the church gives itself a large portion, like 40 percent... would that qualify as duress?
Probably not. Did the church somehow pressure the person to give the pledge the money (like "if you don't do this you're fired")? That's duress. People give to their church all the time. Wouldn't necessarily be a red flag for me.
Since the power of attorney is the most dangerous document in the world initialed by inheritance thieves to steal our legacies. Please put your clients needs ahead of your own and Caveat the Archaic Estate Plan opens the door to inheritance thieves who steal clients homes. And please make sure our legal documents are FinCEN Validated NICER Certified with the NICER approved Global Prebate System Arbiter Advisors. We want our wealth transfers Permission Defended, Registry Recorded, Ledger Monitored, US Treasury Financial Crime Enforcement Network Validated and Notary Index Certification Enforcement Registry Certified. To avoid the inheritance and legacy wealth transfer, distribution, and settled Administration Thieves.
Good morning Mr. Small Ancestor Client Elder Grantor Grandparents Citizens, Legals, and Law Caveat we don’t need lawyers doing Archaic Estate Planning well. We need Global Pro Bono backup Permission Ledger Interdiction Administration Advisors transferring titles, distributing inheritance and legacies, and settling administrations and doing it great. To permission defend, registry Record, Ledger Monitor, FinCEN Validate, and NICER Certify our Successors. We the Clients want you to prevent Archaic Estate Plan Financial Elder Abusing Trust, Will, and Power of Attorney Title Deed Thieves. Who are changing documents when we are vulnerable to steal our homes costing 25% in Litigation. So we want the Successor Client Heir Grantee Beneficiaries structured administration services on Empire College School of Law Pragmatic Posts.
What if they committed POA ABUSE and are hoarding the death certificate from the only POD Disignation. The bank account was setup without my valid address or knowledge and they knew damn well I have no valid Id(the health department). I might have to move forward with a wrongful death claim on my mother if this is what happens over at Wells Fargo
POA won’t help you at any point after someone dies. “POA” can only be used until that persons last breath. You need to an “Executor of Estate” or “Personal Representative”. Is there anyone that was court appointed to be executor or a PR?
You can get a death certificate from the state. So that shouldn't stop you.
@@CMSLawFirmLLC what if they are gatekeeping dmv services lawyer up right
The state violated my rights I rather file a lawsuit that will have a better payout any ideas
Think and Grow Rich- Napoleon Hills Slight Edge- [Jeff Olson?] Money Master the Game- Tony Robins Rich Dad Poor Dad- Robert T. Kiyosaki Go Giver- Bob Burg
1st video: Life Insurance and Disability Insurance. (check) [I see the pieces going into place already]
Im starting at the beginning of Chris's videos and Im going to binge
lol - there's a lot of good stuff in there!
I just need your help ASAP?
You in WA state? That's the only place I'm licensed.
If the revocable trust is a joint trust in a non-community property state does that mean the LLC is then a multi member LLC since the revocable trust is disregarded for tax purposes and therefore the LLC is own 50/50 by husband and wife?
No. The trust is disregarded for tax purposes, not for ownership purposes. It's still a single member LLC. Just like if you are married and have a "single member LLC" created while married, it's technically community property and thus owned 50/50 - but still treated as a single member LLC.
We don’t care about hiding from widows and orphans we want to hide from anonymity thieves. So we’re getting real property protection from inheritance thieves. With the forgery proof NICER Permission Validation Ledger Latin Law Model recorded monitored, and certified interdiction Trust.
Thanks for the advise we’re getting the NICER forgery proof global Trust Advisor’s Latin Law Model Interdiction Trust to avoid financial elder abusing Trust forgers.
Since greedy trustees avoids your advice we need a service team to Permission Defend, Registry Record, Ledger Monitor, FinCEN Validate, and NICER certify the forgery proof Latin Law Model Interdiction Trust. In an alternative to state administration costing Grantor Parents a Prebate Nickel or Grantee Beneficiaries a Probate Dime. To avoid the Trust Litigation Quarter, Estate Plan Financial Elder Abuse, and Trust Fraud.
Yep
I knew I was onto something a bunch of Fraudsters
Dear Mr. Small what do we do when our Estate Planner promises to avoid probate, doesn’t use the NICER Permission Ledger Validated and Certified Interdiction Trust, Trust Litigation cost 25%, and our Estate Planner runs like a Chicken?
I'd contact a different lawyer to try to fix the situation, I guess.
We were told you can only do this once. That if my father in law gifted us over the annual amount and did a 709 that we would have to pay taxes on everything we get when he dies. This video makes it sound like he can do it as many times as he wants, as long as he doesn’t go over the 13 million lifetime limit. Is that correct?
He can do it as many YEARS as he wants. Only once a year though...
Great! That’s how I understood it. Thank you!
If a trust is closes but my lot in still in it and the executive say trust not in it
You typically can't close a trust if it still has assets in it.
it was run by a trustee, and he closed it on September 2023?
my trust has been closed. may I go to the Bank to see records of my inheritance?
The bank won't have that. You should ask the Trustee (and if the trust has been closed you probably should have been paid out).
He did. He took $1300.00 of my money and gave me $434.00?! I also thought he didn't want me to have much. So he took the majority of it. He is a attorney. Who said vulgar things to me...
Great quick videos with straightforward answers. Refreshing. Thanks.
Thank you!
@@CMSLawFirmLLC Question. Two joint tenants not married own a home. One joint tenant wants to deed his undivided share to the other joint tenant. Is this exempt under Garn-St. Germain? Does it potentially trigger the due on sale clause if done? Thanks, Tom.
What type of deed do you use to remove the propety
Depends. If just moving it back to your name - quit claim deed. If selling it, usually a warranty deed.
@@CMSLawFirmLLC I uses a warranty deed thank you for responding
Please do a video on anonymity with Land Trusts
Thanks for suggesting. I will soon!
Or make another Trust as the Trustee or an DBA not your name will do also. thanks
You're not wrong... but people can follow the trail back as far as they need to most of the time.
I don't have a beneficial interest clause in the will where I inherited a condo. I am the sole beneficiary of the estate. I am trying to use beneficial interest to get extent homestead exemption 196.041 to get exemption. Is that possible? It's been in probate now for 4 years and I lived in the condo that four years.
If you are the sole heir the property should just be moved into your name (I'd think). What's the hold up?
@@CMSLawFirmLLC the holdup is the museum tried for four year’s to take the art collection that was left from me worth around 500k because of an old written statement given to them back in 2014. I proved the new Will revoked prior wills and no revocation clause this past March. The attorney of the estate in the process was holding on to my condo specifically given to me in the Will because he was using it against me to force me to release my rights to the artwork. Now that I won the artwork because I filled a motion for summary judgment it did include the condo. But the estate attorney has now filed a petition to sell the condo for attorney fees. I then filed a petition to determine homestead status. They pushed back and filed a sanction for filing saying it was frivolous because I don’t get homestead exemption because I am not an heir. I filed a counter-motion and response that it’s for homestead status not homestead exemption. I am now trying to prepare my order for the judge
I agree! I'm the sole heir. What's the holdup why are they making it so difficult for me?
@@CMSLawFirmLLC The estate attorney has filed a petition to sell the real estate for attorney fees. I filed a petition to determine homestead. In return, he filed a sanction for filing frivolous petition. I filed a counter-sanction and response that I am filing for homestead status, not homestead exemption because his sanction is based on homestead exemption which is what he says I am filing a petition for. He refuses to give me the condo. He has tried to get a motion for me to pay rent in 2021 it was denied by judge. He has threatened me with criminal action to release my rights by saying that I have not taken my depo yet. fyi it was not a court order depo and we tried it had to be adjuoured for attorney abuse towards me. I am just trying to save a condo that was specifically given to me in the will. Not sure what else to do.
If the decedent owes back taxes to the IRS, pay them!!! My sister moved to Florida and essentially stopped filing her tax returns and paying her income taxes. The IRS claim is what held up distribution and close-out of her estate; the IRS sent a collection letter addressed to me AND my wife (who had no connection with the estate whatsoever), and it took me as executor the better part of a year to get that straightened out, and even then they sent another letter to my wife. The matter was finally put to rest when I went through Taxpayer Advocate's office. And I am a former IRS attorney!!! [Of course, be mindful of the Federal Priority Statute 31 U.S.C. § 3713 .
Hi! Just came across your video and had a question. Reaching out from FL. Would naming the law firm as the initial trustee cause me to loose homestead exemption and trigger the due on sale clause since the owner's name (the law firm) doesn't match the original owner's name (my name) on the deed? Thank you!
That's a FL question for a FL attorney. I'm not sure. Great question though!
Good morning young man we the clients don’t want to have to hire an independent Trustee to babysit our kids so we will get the NICER Global Backup Pro Bono Fiduciary Security Arbiter Trust Advisor Network’s 5 Trust Guardians to watch over it.
Wow! Just found out my grandfather died a year ago in Seattle and my dad and I were never notified. We wouldn’t talk that often but there was communication. He had a long time GF but they weren’t married and my dad is the sole heir! The property is in her name now but when I did the research on the case it says the probate is still active. My dad is angry but feels defeated already however me and my brother are very interested in ownership how can we move forward as legitimate heirs even if there was no will? Is it too late?
You should hire an attorney ASAP to see what, if anything, you can do. However, if the property was not in your grandfather's name when he died, there might not be much you can do related to that.
Chris I already went through probate and I have been anointed the administrator of my Dads estate. Is it ok for me to invest or buy property in the estates name in order to grow it. Or is it best to wait until the process with the courts is over. I will be the sole beneficiary by the way.
First, I'd talk to your attorney for help (you have an attorney right)? Second, I'd wait. The taxes on estates are higher than individuals, and you're adding an extra layer of complexity when this type of stuff is done.
What if I own my house completely?
You have many options in that case!
Good morning We The Ancestor Client Elder Grantor Grandparents Caveat the Trust is used to steal our homes and cost 25% in Litigation. So we will deliver the Notary Index Certification Enforcement Regulatory, NICER Forgery Proof Inheritance Network in July. Delivering millions of Jobs in Justice interdicting Financial Elder Abuse. With histories most relevant Legal Niche, a free comprehensive education on Empire College School of Law Post to distinguish Legals among their peers advancing their careers in the Global Pro Bono Backup Fiduciary Security Arbiter Trust Advisor Crime Interdiction Administration. Each Advisor will train a team of 5 Trust Guardians earning $500.00 each to help notarize free amendments, defend, monitor, validate, and certify Successor Client Heir Grantee Beneficiaries in the US Treasury FinCEN, Financial Crime Enforcement Network to interdict Trust forgers, Will counterfeiters, and Power of Attorney Estate Plan Embezzlers. Parents will pay a Prebate Nickel, or Grantees a Probate Dime to avoid the Trust Fraud and Litigation Quarter.