In this video, tax attorney Toby Mathis breaks down 6 powerful types of trusts and explains what each one actually does—from avoiding probate and keeping your assets private to protecting wealth from creditors and reducing potential estate taxes.
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You’ll learn the differences between revocable and irrevocable trusts, why a living trust alone does NOT provide asset protection during your lifetime, and how strategies like land trusts, special needs trusts, irrevocable life insurance trusts, and asset protection trusts can serve completely different purposes.
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Show Notes:
0:00 Intro
1:49 Revocable vs. Irrevocable Trusts
2:43 How Trusts Actually Work
5:53 Why Control Matters in a Trust
11:28 Why a Living Trust Won’t Protect Your Assets
13:26 How Asset Protection Trusts Work
18:02 Different Trusts Have Different Jobs
20:47 The 3 Questions to Ask About Any Trust
23:07 #1 Revocable Living Trust
23:07 #2 Land Trust: Privacy for Real Estate
25:35 #3 Third-Party Special Needs Trust
31:21 #4 Irrevocable Life Insurance Trust (ILIT)
37:02 Asset Protection & Completed Gift Trusts
43:03 The #1 Rule of Asset Protection: Control
45:05 Which Trust Do You Actually Need?
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at
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The information provided in this video should not be construed or relied on as financial, investment, or legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#assetprotection #trusts #estateplanning #livingtrust
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By: Toby Mathis Esq | Tax Planning & Asset Protection
Title: The Trust I Set Up For Myself Is Not The One Most Attorneys Sell You
Sourced From: www.youtube.com/watch?v=G3GJJ77spgU
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