Comments by "" (@commonsense6967) on "Toby Mathis Esq | Tax Planning & Asset Protection " channel.

First time hearing this channel. It's good and I subscribed immediately
4
Why do you live in a state that is lawless, when there are so many others from which to choose?
3
What a confusing discussion. Custodial accounts are for IRAs, unless we're discussing Guardianship accounts. And as far as FDIC insurance, 250K is supposed to be the amount for an individual, but if you have a certain amount of qualified and properly POD'd beneficiaries, it's multiplied by that number, up to maximum of six, I believe. POD registered beneficiaries of a certain family relationship qualify. FDIC used to have all this info on their website and banks used to provide pamhlets on ways to ensure your beneficiaries are covered and your FDIC insurance is maximized. But no one ever discusses this.
3
There are ways to increase your FDIC insurance at banks, if you have a personal (not business) account. Each listed POD beneficiary can increase your insurance by $250,000. Example: I have my 3 kids listed as equal beneficiaries, which increases my FDIC insurance times 3, to $750,000. I think only certain relatives may be considered as qualified beneficiaries.
2
I don't think my state (FL) allows land trusts. Yes, LLCs are commonly recommended for rental property owners, but I only have one rental investment property. Seems like an insurance product, like an umbrella policy, would be more cost-effective and easier.
1
@marshasimpson3453 Mostly internet banks are offering 4% on MMs and 5% CDs. Some examples: Bread Savings, Capital1 Bank, Live Oak Bank, etc.
1
Surprise! Only theblueMarxist states in the US even HAVE rental/eviction moratoriums! I'm a small landlord in FL and there will be no private rental property moratoriums here, because we understand that the states are sovereign, we understand the US Constitution, and we can read our state statutes regarding Landlord tenant law!
1