In this episode, Toby Mathis of Anderson Business Advisors welcomes John Anderson, an attorney from Anderson Advisors.  

John and Toby discuss the need for a living trust – and why you don’t have to have an enormous “estate” to have a trust. Trusts provide protection from going through probate court, which is expensive and time-consuming, possibly taking 2-4 years to get through.  Your living trust can also have a third-party trustee such as a bank or attorney that will look out for your interests and wishes once you pass away.  This protects your descendants from having to deal with probate, and even prevents them from fighting amongst each other (or fighting with another sibling that is acting as trustee) for your estate.

Highlights/Topics:

John Anderson’s background and early years

A few interesting stories from John’s experience

Probate - challenges and specifics

Living trusts to avoid probate court

Dynasty trusts for multiple generations

Trusts and the court system

Advice: Give your younger kids and grandkids some inheritance, let them play around with it

Resources:

Email John Anderson

Anderson Advisors

https://andersonadvisors.com/

Anderson Advisors on YouTube

https://www.youtube.com/channel/UCaL-wApuVYi2Va5dWzyTYVw