1. What you don’t know can hurt you! A NetLaw Webinar
How Money Does Not Work!
What you don’t know can hurt you!
A NetLaw Webinar

2. I am pulled in too many directions I am tired
Too much to know
I am overwhelmed
I am underprepared
I am all out of time
I am pulled in too many directions
I am tired
I am not sure this will benefit me

3. Not knowing: But Imagine… There are some things you ought to know
What to eat
What to drink
The price of basic services
The price of basic goods
Who to trust
What to believe
How to make decisions
There are some things you ought to know

4. Money... is like a beautiful thoroughbred horse - very powerful & always in action, but unless this horse is trained when very young, it will be an out-of-control & dangerous animal when it grows to maturity.
Dave Ramsey

5. As an advisor you must understand how money works and what can ruin plans.
How money works is important
How it does not work is an opposite truth but equally important!

6. This is a revocable living trust. What? Why?
Here is one example
NetLaw offers a Family Living Trust because without it, you can find future plans ruined for a family.
This is a revocable living trust. What? Why?

7. Another Authority
“Of all the documents I have ever talked about, of all you have heard me mention on TV or in any book, a revocable living trust is is the document I have most often said is indispensible. It is one of the most important documents you can have to protect yourself.”
Suze Orman

8. What is it? Define please
A revocable living trust states who controls your assets while you are living (you) and what will happen to your assets when you are gone. Revocable because you can change it at any time; living because you create it while you are alive; trust because you entrust it with your property.

9. Why do I need it?
Because without it, courts can review, publicize and decide the disposition of your assets and charge fees for the service.
You avoid courts and probate, and your assets pass directly to the people you want to have them—and without probate court!

10. The total of your financial interests Money
What is your estate?
The total of your financial interests
Money
All property, home, retirement accounts
Insurance policies
Stocks
Bonds
Partnerships

11. Your assets are owned by the trust
What is required?
Your assets are owned by the trust
All titles must be retitled in the name of the trust
Ownership passes to your trust
All assets you wish to go to the trust should be retitled

12. What would it say?
YOUR FULL NAME and YOUR SPOUSE’S NAME as trustee of the YOUR FULL NAME and SPOUSE’S NAME Revocable Living Trust.
THE DATE YOU SIGN THIS IN FRONT OF A NOTARY, IT BECOMES YOUR UDT, under trust dated_____. This is the number used for the legal date of your trust. The tax ID number is a social security number.

13. Amazing how quickly they part

14. What does it do? Avoids the time and expense of probate when you die;
Avoids multiple probates if you own assets in more than one state;
Provides easier, more efficient administration of your estate;
Prevents court interference at incapacity;
Gives you and your family maximum privacy by avoiding public court processes
Brings all of your assets into one plan controlled by one set of instructions;
Makes it easier to make equitable (fair) distributions to your beneficiaries;
Lets you keep assets in the trust until your beneficiaries reach the age(s) you want them to be to inherit;
Can continue longer to provide for a loved one with special needs.

15. What else does it do?
Allows assets to remain in the trust and be protected from beneficiaries’ creditors, spouses, divorce proceedings, irresponsible spending and future death taxes;
Prevents the court from controlling inheritance of minor children;
More difficult than a will to contest;
Provides effective pre-nuptial protection;
Allows for changes or cancellation at any time;
Allows for professional asset management with a professional trustee;
Lets you keep maximum control while you are living (even if incapacitated) and after you die;
Gives you peace of mind.

16. Leave your assets unprotected Leave your beneficiaries unprotected
How does money not work?
When you..
Leave your assets unprotected
Leave your beneficiaries unprotected
Leave the courts the responsibility for overseeing your assets
Do not take the time before your passing to save time after your passing for those you love.
It took two years for my brothers estate to be settled.

17. The complicated becomes easy with NetLaw
The Smartguide fills in the documents in your name
Accessibilty is given because of the family vault
You help demonstrate how money works like a pro because we make it easy for you

18. We are here to help-- 1-888-604-4789 See you next week!!!!
Call Mark, Vanessa, Mary,
or Jennifer
Check out Step 6
In the app store
See you next week!!!!