@wealthbywei: Protecting an asset doesn't end when you buy. It continues with keeping your records and documents up to date. Some families use living trusts as part of their broader estate planning. If ownership of a property changes, it's worth reviewing related documents, including insurance, to make sure everything stays consistent. Small details today can help prevent bigger headaches tomorrow. What financial lesson do you wish you had learned sooner? Share your thoughts below #wealthymindset #wealth #moneytips #oldmoney
Lady Bird deed in Florida. Simple, affordable, and effective.
2026-07-10 20:35:30
11
Mitch728 :
And if you have a mortgage on that house, before you move it into a trust, make sure your bank is OK with you doing that because they might not be and then you'll have to pay off the mortgage and get a new one for the trust.
2026-07-06 00:55:01
187
free spirit :
we have a Living Trust, we have yet to inform our insurance company. does this affect rates?
2026-07-06 21:10:38
18
_dammdaniel :
As an insurance adjuster he's so right - the FIRST thing after someone passes is to re-deed the home and update the insureds on the home and auto policies ... I'm talking the day after the funeral
2026-07-06 00:46:01
127
Lemon duck :
Probate is expensive
2026-07-06 03:46:02
39
AinteeCC :
Wondering whether insurance will go up?
2026-07-06 04:36:42
9
user5373390428284 :
also make sure the title of the house has registered is in the trust
2026-07-05 17:16:17
35
rubyprincess :
This is great reminder! I forgot to do that!🙏🙏🙏🙏
2026-08-16 16:19:53
71
user8226261012550 :
Trust me
2026-10-04 19:37:19
0
JC :
A trust is legal in all states. A living trust allows the owner to remain the owner until death. Ownership only changes when owner (s) pass away.
2026-07-06 20:42:18
15
DC6.7 :
I don’t think it has anything to do with wealthy families. It’s called a knowledgeable person.
2026-08-17 14:53:55
21
Blueeee&goldddd :
Let’s hope you get the right person when calling the insurance company. Follow up to be sure it’s done
2026-07-06 04:46:07
10
sheila carmody :
Yeah but you’re the owner of the trust.
2026-07-06 03:25:52
10
Madison_Winning_in_2026 🥰 :
A good lawyer will take care of this for you. Good to know.
2026-07-05 21:38:56
41
Blanca Coria :
…. And who owns the trust??? ME!!!
2026-07-09 04:14:49
6
Debra Johnson :
Trust me
2026-10-04 17:09:18
0
user3694793249245 :
Good Trust attorney’s send a letter in their clients behalf to make sure it gets done. Amazing how many people don’t realize how important this is . Generally no cost, just a quick call and some questions about how the deed reads and who are the trustees.
2026-08-17 15:24:05
10
Black Momma Teas & Cafe :
That's true
2026-07-06 15:44:26
5
upeachesclyburn :
Thank you for sharing this knowledge... sharing and following..
Trust
2026-07-01 23:48:12
13
Carol :
Thank you for that very important information!
2026-07-05 15:55:52
16
hfndkm :
this is very basic. Your lawyer who draws the papers will tell you few things that need to be done and this is one of them.
2026-07-06 08:01:22
6
Charles Fatjo :
I want to learn more. TRUST
2026-07-06 03:01:57
5
Jean Hever225 :
Trust
2026-07-10 14:36:40
1
To see more videos from user @wealthbywei, please go to the Tikwm
homepage.