{"version":"1.0.0","segments":[{"startTime":0.1,"endTime":2.202,"body":"Real Estate in Trust."},{"startTime":2.202,"endTime":5.372,"body":"This is so vitally important"},{"startTime":5.739,"endTime":8.141,"body":"if you have a revocable trust,"},{"startTime":8.508,"endTime":10.577,"body":"getting your real estate in trust,"},{"startTime":11.044,"endTime":12.812,"body":"if you're going to spend the money"},{"startTime":12.812,"endTime":14.547,"body":"and the time"},{"startTime":14.547,"endTime":15.715,"body":"and thinking about it"},{"startTime":15.715,"endTime":17.017,"body":"and talking to family about it"},{"startTime":17.017,"endTime":18.685,"body":"and talking to your financial adviser,"},{"startTime":18.685,"endTime":20.42,"body":"talking to your estate planning lawyer,"},{"startTime":20.42,"endTime":22.022,"body":"talking to your CPA,"},{"startTime":22.022,"endTime":23.523,"body":"talking to your bookkeeper."},{"startTime":23.523,"endTime":24.391,"body":"If you're going to spend"},{"startTime":24.391,"endTime":26.026,"body":"all of that time and effort"},{"startTime":26.026,"endTime":28.294,"body":"to get a revocable trust,"},{"startTime":28.294,"endTime":30.53,"body":"then it is essential"},{"startTime":30.53,"endTime":32.665,"body":"Guys, this is essential"},{"startTime":32.665,"endTime":35.702,"body":"that you get your real estate into trust."},{"startTime":35.935,"endTime":37.437,"body":"It has to be into that"},{"startTime":37.437,"endTime":38.938,"body":"revocable living trust"},{"startTime":38.938,"endTime":40.34,"body":"or else if it's not like"},{"startTime":40.34,"endTime":40.974,"body":"I've talked about"},{"startTime":40.974,"endTime":43.043,"body":"in previous videos in this playlist,"},{"startTime":43.043,"endTime":45.011,"body":"then if it's just in your name"},{"startTime":45.011,"endTime":46.179,"body":"when you pass away,"},{"startTime":46.179,"endTime":47.647,"body":"then that piece of real estate"},{"startTime":47.647,"endTime":49.682,"body":"is going to have to be probated"},{"startTime":50.016,"endTime":52.052,"body":"And it's not only if you were to become"},{"startTime":52.052,"endTime":53.72,"body":"if you if you pass away,"},{"startTime":53.72,"endTime":55.622,"body":"if you become incapacitated"},{"startTime":55.622,"endTime":57.123,"body":"and that's a rental house,"},{"startTime":57.123,"endTime":58.425,"body":"there might be some issues"},{"startTime":58.425,"endTime":59.726,"body":"on who they're supposed to pay"},{"startTime":59.726,"endTime":61.795,"body":"their rent to your tenants. Right."},{"startTime":61.795,"endTime":63.363,"body":"So you want to make sure"},{"startTime":63.363,"endTime":64.831,"body":"that all of these assets,"},{"startTime":64.831,"endTime":66.032,"body":"all of your real estate"},{"startTime":66.032,"endTime":68.268,"body":"is in the name of your trust."},{"startTime":68.601,"endTime":69.736,"body":"Now, there can be some"},{"startTime":69.736,"endTime":71.004,"body":"maybe some intricacies"},{"startTime":71.004,"endTime":72.806,"body":"or maybe some differences,"},{"startTime":72.806,"endTime":74.107,"body":"depending on which jurisdiction"},{"startTime":74.107,"endTime":75.508,"body":"on how to do this."},{"startTime":75.508,"endTime":77.277,"body":"But it's really important"},{"startTime":77.277,"endTime":79.446,"body":"that if you do have a revocable trust"},{"startTime":79.646,"endTime":82.382,"body":"that you get your real estate into trust."},{"startTime":82.615,"endTime":84.217,"body":"Talk to your financial advisor,"},{"startTime":84.217,"endTime":86.019,"body":"talk to your estate planning attorney,"},{"startTime":86.019,"endTime":86.986,"body":"and make certain"},{"startTime":86.986,"endTime":88.221,"body":"that all of these assets,"},{"startTime":88.221,"endTime":90.557,"body":"all of your real estate is in trust"},{"startTime":90.69,"endTime":91.724,"body":"so that you're revocable"},{"startTime":91.724,"endTime":93.059,"body":"living trust centered"},{"startTime":93.059,"endTime":96.362,"body":"estate plan works exactly how you want"},{"startTime":96.362,"endTime":96.963,"body":"it to work."}]}