1 00:00:27,610 --> 00:00:32,769 Suze: July 20th, 2025. Welcome everybody to the Women and Money podcast, 2 00:00:32,889 --> 00:00:35,880 Suze: as well as everybody smart enough to listen. 3 00:00:36,490 --> 00:00:41,319 Suze: And today is Suze School, kind of, but what else 4 00:00:41,319 --> 00:00:42,200 Suze: is a KT? 5 00:00:42,270 --> 00:00:45,939 KT: It's KT. I'm in Suzie's school today, and there's a 6 00:00:45,939 --> 00:00:47,369 KT: big reason why. 7 00:00:47,479 --> 00:00:48,080 Suze: Tell them. 8 00:00:48,400 --> 00:00:52,799 KT: We are celebrating my birthday with my twin sister... 9 00:00:52,799 --> 00:00:53,348 Suze: Tomorrow, yes. 10 00:00:53,759 --> 00:00:57,200 KT: ...and we have something special that we would like to 11 00:00:57,200 --> 00:01:01,310 KT: be able to offer all of you for my birthday. 12 00:01:01,479 --> 00:01:05,510 Suze: So in the same way that for my birthday, 13 00:01:06,080 --> 00:01:09,559 Suze: we gave you a special URL that you could go 14 00:01:09,559 --> 00:01:13,470 Suze: and get the must-have docs that normally sell for $99 15 00:01:13,639 --> 00:01:15,750 Suze: and by the way, very shortly they are going up 16 00:01:15,750 --> 00:01:18,919 Suze: a whole bunch, but anyway, you were able to get 17 00:01:18,919 --> 00:01:23,639 Suze: them for $74. Why? Cause I turned 74. 18 00:01:24,180 --> 00:01:26,750 Suze: Now KT comes to me and what do you say, KT? 19 00:01:27,059 --> 00:01:29,819 KT: Hey, you're not the only one in this game, Suze Orman. 20 00:01:29,900 --> 00:01:34,260 KT: It's KT and Suze podcast. So I want to be 21 00:01:34,260 --> 00:01:37,730 KT: able to offer on my birthday an even better deal, 22 00:01:37,769 --> 00:01:40,089 KT: everybody ready? $73. 23 00:01:40,120 --> 00:01:43,569 Suze: And that is because KT is going to be $73. 24 00:01:43,580 --> 00:01:46,900 Suze: So here's what you need to know. So many of 25 00:01:46,900 --> 00:01:49,779 Suze: you over all of these years that we have been 26 00:01:49,779 --> 00:01:50,699 Suze: doing this. 27 00:01:51,410 --> 00:01:55,110 Suze: You have been asking questions. Why do I need a will? 28 00:01:55,309 --> 00:01:57,819 Suze: Why do I need a trust? Why do I need 29 00:01:57,819 --> 00:02:02,660 Suze: all of this stuff? So after Suze School is over, 30 00:02:02,839 --> 00:02:04,949 Suze: at the end of what I want all of you 31 00:02:04,949 --> 00:02:08,829 Suze: to know, KT is going to come back and tell 32 00:02:08,830 --> 00:02:12,190 Suze: you exactly what you need to do to do what. 33 00:02:12,720 --> 00:02:17,199 Suze: To get the must-have docs, $2500 worth of state of 34 00:02:17,199 --> 00:02:21,039 Suze: the art documents good in all 50 states. You can 35 00:02:21,038 --> 00:02:23,600 Suze: renew them. You can do anything. You can share them 36 00:02:23,600 --> 00:02:27,079 Suze: with people. You can change them. No more money besides 37 00:02:27,080 --> 00:02:32,228 Suze: that anyway. What you can do to get them for $73. 38 00:02:32,279 --> 00:02:36,240 Suze: So for now sit back, get out your little Suze 39 00:02:36,240 --> 00:02:41,470 Suze: notebook because Suze School is beginning now. 40 00:02:42,770 --> 00:02:46,320 Suze: Many call me the world's personal finance expert, but today 41 00:02:46,570 --> 00:02:51,089 Suze: I am going to be your personal financial educator on 42 00:02:51,089 --> 00:02:54,970 Suze: what I consider the very most important thing that you 43 00:02:54,970 --> 00:02:59,169 Suze: need to do today to protect your tomorrows. Over the 44 00:02:59,169 --> 00:03:01,279 Suze: 40 years that I've been doing this. 45 00:03:01,574 --> 00:03:04,214 Suze: So many of you make such a big mistake. You 46 00:03:04,214 --> 00:03:06,895 Suze: think all that matters is what stock should you have, 47 00:03:06,934 --> 00:03:10,014 Suze: what should you be investing in your retirement, all those 48 00:03:10,014 --> 00:03:12,853 Suze: kinds of things. But if you don't do what I'm 49 00:03:12,854 --> 00:03:17,005 Suze: telling you to do today, again, it will, in my opinion, 50 00:03:17,054 --> 00:03:20,175 Suze: be the biggest mistake you can ever make. 51 00:03:20,570 --> 00:03:25,720 Suze: So what is that mistake? That mistake is you not 52 00:03:25,720 --> 00:03:30,679 Suze: preparing today for what could happen in your future. So 53 00:03:30,679 --> 00:03:34,600 Suze: what am I talking about? There are things that you 54 00:03:34,600 --> 00:03:39,479 Suze: must have and therefore these things I call the must 55 00:03:39,479 --> 00:03:43,830 Suze: have documents. And what are they? They are a will, 56 00:03:44,039 --> 00:03:47,880 Suze: a living revocable trust, an advanced directive and durable power 57 00:03:47,880 --> 00:03:50,429 Suze: of attorney for health care, as well as a 58 00:03:50,479 --> 00:03:54,830 Suze: financial power of attorney. If you don't have all four 59 00:03:54,830 --> 00:04:00,059 Suze: of those in place today signed, sealed, and delivered again, 60 00:04:00,350 --> 00:04:03,149 Suze: it will be one of the biggest mistakes that you 61 00:04:03,149 --> 00:04:06,190 Suze: ever make. Now I know so many of you are 62 00:04:06,190 --> 00:04:08,270 Suze: told all you need is a will. 63 00:04:08,649 --> 00:04:11,550 Suze: You don't have enough money for a trust. A trust 64 00:04:11,550 --> 00:04:14,309 Suze: is only for those people who have a lot of money. Well, 65 00:04:14,429 --> 00:04:19,019 Suze: I'm telling you, the less money you have, the more 66 00:04:19,019 --> 00:04:23,470 Suze: you need a living revocable trust. So first, let's just 67 00:04:23,470 --> 00:04:25,000 Suze: start out with what are they? 68 00:04:25,619 --> 00:04:29,059 Suze: A will is simply a piece of paper that says 69 00:04:29,059 --> 00:04:32,979 Suze: where your assets are to go upon your death, but 70 00:04:32,980 --> 00:04:37,368 Suze: it does it in the most cost ineffective way possible. 71 00:04:37,579 --> 00:04:40,100 Suze: It doesn't plan for the what ifs. What if you 72 00:04:40,100 --> 00:04:41,488 Suze: become incapacitated? 73 00:04:41,815 --> 00:04:44,125 Suze: If you get older and you don't know even who 74 00:04:44,125 --> 00:04:48,445 Suze: you are, whatever it may be, that's all it does. 75 00:04:48,725 --> 00:04:51,914 Suze: So let me first start with giving you an example 76 00:04:51,915 --> 00:04:55,804 Suze: of a will. Let's just say you live in California, 77 00:04:55,885 --> 00:04:57,915 Suze: maybe you're living in San Diego. 78 00:04:58,369 --> 00:05:03,709 Suze: And you have a house worth $400,000. I know. Good 79 00:05:03,709 --> 00:05:08,100 Suze: luck finding a house in San Diego for just $400,000 80 00:05:08,350 --> 00:05:12,500 Suze: but I just want you to understand how this would work, 81 00:05:12,790 --> 00:05:17,309 Suze: and maybe it's my mother's house and my mother wants 82 00:05:17,309 --> 00:05:19,420 Suze: to leave that house to me. 83 00:05:19,869 --> 00:05:24,320 Suze: So in her will she says upon her death I'm 84 00:05:24,320 --> 00:05:28,320 Suze: to get that house. In the meantime, the deed to 85 00:05:28,320 --> 00:05:33,359 Suze: that house is in my mother's name, Ann Orman. My 86 00:05:33,359 --> 00:05:36,959 Suze: mother dies. Now I simply have this piece of paper 87 00:05:36,959 --> 00:05:40,160 Suze: again known as a will, and I'm going to have 88 00:05:40,160 --> 00:05:43,399 Suze: to do what? Take it down to probate court. 89 00:05:43,950 --> 00:05:47,630 Suze: So that a judge can sign the deed because my 90 00:05:47,630 --> 00:05:51,260 Suze: mother's not alive to sign it anymore from her name 91 00:05:51,260 --> 00:05:56,500 Suze: over to mine. Simple procedure, right? Well, in San Diego 92 00:05:56,500 --> 00:06:01,950 Suze: in California, that simple procedure is going to be the 93 00:06:01,950 --> 00:06:06,940 Suze: following about $2000 in filing fees. OK, not a big deal, 94 00:06:07,149 --> 00:06:11,140 Suze: but for a judge to simply sign my mother's deed 95 00:06:11,140 --> 00:06:12,149 Suze: over to mine. 96 00:06:12,940 --> 00:06:17,100 Suze: That's going to be for a $400,000 home, even if 97 00:06:17,100 --> 00:06:20,820 Suze: she has a $399,000 mortgage on it. 98 00:06:21,559 --> 00:06:26,040 Suze: Between an executor and a lawyer cause you're not gonna 99 00:06:26,040 --> 00:06:29,079 Suze: be able to do it, you need those things. It 100 00:06:29,079 --> 00:06:36,839 Suze: will be statutory, about $22,000 and it will take a 101 00:06:36,839 --> 00:06:41,760 Suze: minimum in most cases of about 11 to 12 months 102 00:06:41,760 --> 00:06:43,510 Suze: to two years. 103 00:06:44,089 --> 00:06:48,229 Suze: Really, everybody, is that what you want to do? You're 104 00:06:48,230 --> 00:06:51,178 Suze: living in the house. You've been living with your mother, 105 00:06:51,549 --> 00:06:54,070 Suze: and all of a sudden she dies, and now you 106 00:06:54,070 --> 00:06:56,820 Suze: don't have that kind of money to go through probate. 107 00:06:57,019 --> 00:07:00,940 Suze: Guess what? The house will be sold to pay the 108 00:07:00,940 --> 00:07:04,708 Suze: probate fees. I just want you to think about that. 109 00:07:04,829 --> 00:07:07,549 Suze: So what should my mother have done? 110 00:07:08,160 --> 00:07:13,040 Suze: My mother should have created what's called a living revocable trust. Living, 111 00:07:13,119 --> 00:07:16,309 Suze: you do it while you're alive. Revocable, She could change 112 00:07:16,309 --> 00:07:19,920 Suze: it any time she wants. Trust is the name of 113 00:07:19,920 --> 00:07:24,160 Suze: the document. It doesn't affect her property taxes. It doesn't 114 00:07:24,160 --> 00:07:27,190 Suze: affect her income taxes. It doesn't affect 115 00:07:27,320 --> 00:07:32,589 Suze: anything except it will absolutely make my life a whole 116 00:07:32,589 --> 00:07:35,040 Suze: lot easier and then I'm going to give you an 117 00:07:35,040 --> 00:07:38,029 Suze: example of why it would make her life a whole 118 00:07:38,029 --> 00:07:42,869 Suze: lot easier. While she is alive, she transfers the title 119 00:07:42,869 --> 00:07:46,549 Suze: of her house into the title of the trust, 120 00:07:47,450 --> 00:07:53,799 Suze: Ann Orman, trustee for the Ann Orman Living Revocable Trust. 121 00:07:54,089 --> 00:07:57,959 Suze: She is number one, the trustor, the one who created it, 122 00:07:58,170 --> 00:08:03,369 Suze: the trustee. She can change anything she wants. It's held 123 00:08:03,369 --> 00:08:08,089 Suze: for her benefit while she's alive, and she will name 124 00:08:08,089 --> 00:08:12,209 Suze: a beneficiary, me in this case, so that upon her 125 00:08:12,209 --> 00:08:14,730 Suze: death I get the house. 126 00:08:15,470 --> 00:08:18,739 Suze: Because she went to the trouble of transferring the name 127 00:08:19,029 --> 00:08:20,390 Suze: while she was alive. 128 00:08:21,760 --> 00:08:24,920 Suze: From just the deed in her name to the deed 129 00:08:24,920 --> 00:08:29,320 Suze: in the trust upon her death two weeks later, it 130 00:08:29,320 --> 00:08:34,880 Suze: transfers to me. No probate fees, no six months, one year, 131 00:08:34,960 --> 00:08:38,109 Suze: three years, whatever it may take, depending on where you live. 132 00:08:38,520 --> 00:08:42,760 Suze: Two weeks later, that trust is mine. Now maybe it 133 00:08:42,760 --> 00:08:48,150 Suze: might cost me $750 for the actual title to transfer, 134 00:08:48,359 --> 00:08:50,239 Suze: but that is it. 135 00:08:50,729 --> 00:08:55,760 Suze: But let's say you're thinking to yourself, Suze. I actually 136 00:08:55,760 --> 00:08:58,919 Suze: don't care how long it takes my kids to get 137 00:08:58,919 --> 00:09:01,760 Suze: this house. I don't care about that. 138 00:09:02,510 --> 00:09:06,349 Suze: I'll tell you what you should care about. Let's say 139 00:09:06,349 --> 00:09:09,710 Suze: as you get older, cause this is true in my 140 00:09:09,710 --> 00:09:14,340 Suze: mother's case, as my mother got older, she died at 97. 141 00:09:14,830 --> 00:09:17,849 Suze: She started to say to me, Suze, who is Social 142 00:09:17,849 --> 00:09:23,260 Suze: Security that keeps putting a check in my account every month? 143 00:09:23,349 --> 00:09:28,580 Suze: All right, everybody? Or what would happen if she truly 144 00:09:28,580 --> 00:09:30,760 Suze: became incapacitated? 145 00:09:31,469 --> 00:09:34,989 Suze: She couldn't write checks. She couldn't pay her bills. She 146 00:09:34,989 --> 00:09:39,340 Suze: really couldn't function anymore. A will isn't going to help her, 147 00:09:39,750 --> 00:09:43,739 Suze: and that is because a will only comes into effect 148 00:09:44,030 --> 00:09:49,260 Suze: when she dies to pass everything to her named beneficiaries. 149 00:09:49,469 --> 00:09:53,390 Suze: Are you following me right now? A trust with an 150 00:09:53,390 --> 00:09:55,348 Suze: incapacity clause 151 00:09:56,390 --> 00:10:01,229 Suze: names, if Mom were to become incapacitated and a doctor 152 00:10:01,229 --> 00:10:07,099 Suze: says she's incapacitated, then there is a successor trustee already 153 00:10:07,099 --> 00:10:13,820 Suze: in place who can make decisions for Mom. Pay the bills, 154 00:10:14,469 --> 00:10:17,750 Suze: write the checks, take care of everything. 155 00:10:18,840 --> 00:10:24,400 Suze: If you didn't have that, and now Mom is incapacitated 156 00:10:24,929 --> 00:10:27,440 Suze: for you to be able to take care of her, 157 00:10:27,969 --> 00:10:31,000 Suze: you're going to have to go and get her declared 158 00:10:31,000 --> 00:10:35,400 Suze: incompetent and get a conservatorship for her. Oh, in the 159 00:10:35,400 --> 00:10:38,330 Suze: state of California, that's only about $5000. 160 00:10:39,109 --> 00:10:43,049 Suze: But for every year after that, in most cases, you're 161 00:10:43,049 --> 00:10:46,130 Suze: going to have to check with the court to make 162 00:10:46,130 --> 00:10:49,169 Suze: sure that what you are doing with mom's money. 163 00:10:49,880 --> 00:10:54,940 Suze: It is really for her benefit and not for your own. 164 00:10:55,150 --> 00:10:59,789 Suze: So are you starting to understand how complicated that can be? Oh, 165 00:10:59,849 --> 00:11:04,270 Suze: I can hear you now, but Suze, I don't need 166 00:11:04,270 --> 00:11:08,909 Suze: a trust. I own a home in joint tenancy with 167 00:11:08,909 --> 00:11:13,669 Suze: my daughter or with my spouse. OK, I get that, 168 00:11:13,869 --> 00:11:16,830 Suze: and you're thinking, therefore, if I die. 169 00:11:17,650 --> 00:11:20,969 Suze: It automatically goes to them. That is true. 170 00:11:21,869 --> 00:11:26,959 Suze: But here's the problem. You don't die, and one of 171 00:11:26,960 --> 00:11:31,429 Suze: you becomes incapacitated. You are walking down the street. You slipped, 172 00:11:31,599 --> 00:11:33,949 Suze: you hit your head, whatever it may be. 173 00:11:34,760 --> 00:11:39,099 Suze: And you can't afford to keep that home because it 174 00:11:39,099 --> 00:11:43,819 Suze: was taking two incomes to pay the mortgage, and now 175 00:11:43,820 --> 00:11:47,598 Suze: one of you is incapacitated. You don't have an income 176 00:11:47,599 --> 00:11:52,409 Suze: anymore and now you need to sell the house, can you? 177 00:11:53,719 --> 00:11:58,559 Suze: Tick tick tuck. Oh, time's up. No, you can. And 178 00:11:58,559 --> 00:12:01,718 Suze: why is that? Cause if you own a home and 179 00:12:01,719 --> 00:12:06,679 Suze: joint tenancy with right of survivorship, guess what? It takes 180 00:12:06,679 --> 00:12:11,150 Suze: both signatures for you to be able to sell that home. 181 00:12:11,400 --> 00:12:14,640 Suze: If you simply owned the house, both of you living 182 00:12:14,640 --> 00:12:19,039 Suze: revocable trust, both joint tenancy with right of survivorship, whatever 183 00:12:19,039 --> 00:12:19,989 Suze: it may be. 184 00:12:20,710 --> 00:12:24,909 Suze: If one of you were incapacitated, the other could sign 185 00:12:24,909 --> 00:12:29,780 Suze: for you, you could sign for the other, just that simple. 186 00:12:30,229 --> 00:12:33,830 Suze: But let's also just say one more example. You have 187 00:12:33,830 --> 00:12:40,030 Suze: minor children. You do understand that minors can't inherit money 188 00:12:40,429 --> 00:12:43,760 Suze: if you leave your kids via your will. 189 00:12:45,059 --> 00:12:47,900 Suze: The money and their minors, it's going to go into 190 00:12:47,900 --> 00:12:52,890 Suze: a blocked account until they are 18 or so years 191 00:12:52,890 --> 00:12:56,450 Suze: of age for them to use it. There are ways 192 00:12:56,450 --> 00:13:00,849 Suze: around it. However, why don't you want to do things 193 00:13:00,849 --> 00:13:06,449 Suze: the easy way? Why? And I just have to say this. 194 00:13:06,950 --> 00:13:11,409 Suze: There's one example of what can happen if you simply 195 00:13:11,409 --> 00:13:14,419 Suze: think that you are going to avoid this, and you, 196 00:13:14,469 --> 00:13:18,409 Suze: while you are alive, are going to transfer your house 197 00:13:19,130 --> 00:13:22,909 Suze: to your daughter. Let's just say that's what you're going 198 00:13:22,909 --> 00:13:23,520 Suze: to do. 199 00:13:24,530 --> 00:13:27,130 Suze: First of all, if you do that, you have also 200 00:13:27,130 --> 00:13:30,840 Suze: transferred your cost basis to your daughter. You bought the 201 00:13:30,840 --> 00:13:36,849 Suze: house years ago for $50,000. It's now worth $400,000. Her 202 00:13:36,849 --> 00:13:40,929 Suze: cost basis on that house is $50,000. She goes to 203 00:13:40,929 --> 00:13:43,679 Suze: sell it. She's going to owe taxes on the difference 204 00:13:43,679 --> 00:13:49,330 Suze: between 50 and $400,000. If, however, she inherits it 205 00:13:50,539 --> 00:13:54,369 Suze: via a trust or even via a will she gets 206 00:13:54,369 --> 00:13:58,500 Suze: a step up in cost basis to 400,000. So if 207 00:13:58,500 --> 00:14:02,890 Suze: she turns around and she sells it, no tax whatsoever, 208 00:14:03,140 --> 00:14:08,299 Suze: but here is a true story that recently just happened 209 00:14:08,299 --> 00:14:10,669 Suze: and it has broken my heart. 210 00:14:11,710 --> 00:14:15,478 Suze: There is a woman who is 90 years of age. 211 00:14:16,289 --> 00:14:22,070 Suze: And she lived in a home worth $1 million and 212 00:14:22,070 --> 00:14:26,489 Suze: it had a second unit to it, and her niece 213 00:14:27,039 --> 00:14:30,580 Suze: was invited to move into that unit and take care 214 00:14:30,580 --> 00:14:32,429 Suze: of her just that simple. 215 00:14:33,309 --> 00:14:37,210 Suze: And they came up with this idea of I know 216 00:14:37,210 --> 00:14:41,570 Suze: to avoid probate, why don't I transfer the title of 217 00:14:41,570 --> 00:14:46,289 Suze: this home into your name? You're so good you're taking 218 00:14:46,289 --> 00:14:48,520 Suze: care of me and I want you to have the house. 219 00:14:49,320 --> 00:14:54,869 Suze: And they do that. Recently, I got an email from 220 00:14:54,869 --> 00:14:58,710 Suze: another relative, and they said, Suze, we need you to 221 00:14:58,710 --> 00:14:59,539 Suze: help us. 222 00:15:00,719 --> 00:15:05,650 Suze: My aunt did this, left it to her other niece, 223 00:15:06,159 --> 00:15:09,349 Suze: but Suze, that niece just died. 224 00:15:10,039 --> 00:15:15,309 Suze: And that niece's will has left everything to some man 225 00:15:15,309 --> 00:15:19,229 Suze: that we don't even know, and now my aunt can't 226 00:15:19,229 --> 00:15:20,179 Suze: sell the house. 227 00:15:20,960 --> 00:15:24,150 Suze: She's living in a house that she no longer owns. 228 00:15:25,000 --> 00:15:27,919 Suze: And now what are we going to do? 229 00:15:29,419 --> 00:15:32,690 Suze: You think you can get around things, do you, when 230 00:15:32,690 --> 00:15:35,969 Suze: all it would take is for you to get the 231 00:15:35,969 --> 00:15:40,919 Suze: must have documents? Are you kidding me? The next two, 232 00:15:41,359 --> 00:15:46,200 Suze: the advanced directive and durable power of attorney for health care. 233 00:15:46,450 --> 00:15:50,820 Suze: In advance of you getting sick, you just give directions 234 00:15:50,820 --> 00:15:54,530 Suze: to who your doctor as to what you want to 235 00:15:54,530 --> 00:15:55,650 Suze: see happen. 236 00:15:56,539 --> 00:16:01,119 Suze: You also with these documents, you name somebody that's known 237 00:16:01,119 --> 00:16:05,000 Suze: as the attorney in fact somebody who can make decisions 238 00:16:05,000 --> 00:16:09,989 Suze: for you when you no longer can make them for yourself. 239 00:16:10,280 --> 00:16:14,640 Suze: Those documents are essential, everybody, and also I just want 240 00:16:14,640 --> 00:16:18,080 Suze: to tell you something about those documents. 241 00:16:19,010 --> 00:16:23,619 Suze: If you have a child who's over the age now 242 00:16:23,619 --> 00:16:26,960 Suze: of 17, so they are 18 or older. 243 00:16:27,900 --> 00:16:32,900 Suze: Legally you no longer can make decisions for them if 244 00:16:32,900 --> 00:16:37,219 Suze: they end up in the hospital, you do not have 245 00:16:37,219 --> 00:16:38,900 Suze: the legal authority. 246 00:16:39,630 --> 00:16:44,500 Suze: To instruct the doctor what to do if, however, you 247 00:16:44,500 --> 00:16:47,700 Suze: had an advanced directive and durable power of attorney for 248 00:16:47,700 --> 00:16:52,619 Suze: your 18 year old or older child, where you were 249 00:16:52,619 --> 00:16:56,299 Suze: named as the person who could do that, you could 250 00:16:56,299 --> 00:17:01,450 Suze: still then step in and make decisions when your child, 251 00:17:01,580 --> 00:17:05,900 Suze: your children can do it. I want you to think 252 00:17:05,900 --> 00:17:06,579 Suze: about that. 253 00:17:07,348 --> 00:17:12,269 Suze: And last but not least, the financial power of attorney 254 00:17:12,269 --> 00:17:16,648 Suze: sometimes when a spouse has stock options or an IRA 255 00:17:16,648 --> 00:17:19,859 Suze: or whatever it may be and it needs to transfer 256 00:17:19,859 --> 00:17:24,298 Suze: into your name and things a financial power of attorney, 257 00:17:25,109 --> 00:17:30,447 Suze: especially the one that comes with the must-have documents is 258 00:17:30,448 --> 00:17:34,259 Suze: exactly what you need. So those are. 259 00:17:35,020 --> 00:17:41,280 Suze: The four must have documents. Now, hopefully you understand why 260 00:17:41,280 --> 00:17:45,170 Suze: you need them all, but I know all of you 261 00:17:45,170 --> 00:17:48,919 Suze: are saying, Oh, Susie, #1, I can't afford it. Well, 262 00:17:48,959 --> 00:17:50,839 Suze: I'm going to show you in a second how you 263 00:17:50,839 --> 00:17:55,438 Suze: absolutely can, but you're thinking it's too complicated. I don't 264 00:17:55,439 --> 00:17:58,708 Suze: know an attorney. I don't even know where to go 265 00:17:58,709 --> 00:18:01,920 Suze: and how to do it. Oh yes you do. 266 00:18:02,780 --> 00:18:06,409 Suze: Once you have purchased the must-have documents in the luxury 267 00:18:06,410 --> 00:18:11,218 Suze: of your own home, you are going to create these 268 00:18:11,219 --> 00:18:15,739 Suze: four must-have documents. You will get an activation code. You 269 00:18:15,739 --> 00:18:19,010 Suze: will enter it, just click unlock, and here's what you 270 00:18:19,010 --> 00:18:22,780 Suze: are going to get. You will be getting all 4 271 00:18:22,780 --> 00:18:27,579 Suze: must-have documents the will, revocable trust, the advance directive, and 272 00:18:27,655 --> 00:18:30,724 Suze: Durable power of attorney for health care and the financial 273 00:18:30,724 --> 00:18:33,805 Suze: power of attorney. Here's what you need to know, everybody. 274 00:18:33,895 --> 00:18:36,854 Suze: It is good in all 50 states, personalized for your 275 00:18:36,854 --> 00:18:42,734 Suze: unique situation, works on computers, laptops, smartphones, and tablets, and 276 00:18:42,734 --> 00:18:45,334 Suze: you're going to be able to complete it in under 277 00:18:45,334 --> 00:18:46,415 Suze: an hour. 278 00:18:47,199 --> 00:18:50,319 Suze: Don't worry, you will find that there is help every 279 00:18:50,319 --> 00:18:54,040 Suze: step of the way. There will be AI guided assistance, 280 00:18:54,160 --> 00:18:58,280 Suze: a live online chat for you, and toll-free 800 number 281 00:18:58,280 --> 00:19:01,909 Suze: to call. You ready? This is how easy it is. 282 00:19:02,199 --> 00:19:05,640 Suze: You will simply fill in the information. Take a look 283 00:19:05,640 --> 00:19:09,079 Suze: over to the right side, and you will see that 284 00:19:09,079 --> 00:19:11,520 Suze: there are instructions there as to every. 285 00:19:11,666 --> 00:19:15,456 Suze: Everything you should be filling out. You also can click 286 00:19:15,455 --> 00:19:20,565 Suze: live chat, ask questions. It is easy as can be. 287 00:19:20,816 --> 00:19:23,536 Suze: After you have saved them, here's what you're going to 288 00:19:23,536 --> 00:19:26,786 Suze: need to do. You're going to need to choose which 289 00:19:26,786 --> 00:19:32,494 Suze: trust out of these three you want a single revocable trust. Obviously, 290 00:19:32,576 --> 00:19:36,005 Suze: if you're not legally married, you can use this trust, 291 00:19:36,056 --> 00:19:36,316 Suze: but 292 00:19:36,362 --> 00:19:39,592 Suze: you can also use it if you are married, just 293 00:19:39,592 --> 00:19:44,352 Suze: so you know. Married revocable trust, if you know you 294 00:19:44,352 --> 00:19:47,751 Suze: want to leave everything to your spouse, this is the 295 00:19:47,751 --> 00:19:52,692 Suze: one that you would choose and a separate property revocable trust. Hey, 296 00:19:52,791 --> 00:19:55,871 Suze: if you've inherited property or you came into the relationship 297 00:19:55,871 --> 00:19:58,712 Suze: with property and you want to make sure nobody ever 298 00:19:58,712 --> 00:20:00,911 Suze: gets it, that's what you will use. 299 00:20:01,550 --> 00:20:04,979 Suze: Now this is where you're going to add a beneficiary. 300 00:20:05,189 --> 00:20:09,670 Suze: Just click on add beneficiary and put in all the 301 00:20:09,670 --> 00:20:13,430 Suze: information of the person you want to leave something to. 302 00:20:13,670 --> 00:20:17,989 Suze: You have instructions if anything happens to confuse you, but 303 00:20:17,989 --> 00:20:20,109 Suze: here's what is going to surprise you. 304 00:20:20,729 --> 00:20:24,790 Suze: This is the only program out there that allows you 305 00:20:24,790 --> 00:20:27,359 Suze: to either take a picture with your iPhone or whatever 306 00:20:27,359 --> 00:20:31,280 Suze: you may have and put it into this program. You 307 00:20:31,280 --> 00:20:36,510 Suze: can also go directly into your library and add a picture. 308 00:20:36,739 --> 00:20:41,150 Suze: Let me just tell you why this is important. Number one, 309 00:20:41,280 --> 00:20:42,040 Suze: later on, 310 00:20:43,050 --> 00:20:45,889 Suze: Let's say the kids starts saying no, no. Mama wanted 311 00:20:45,890 --> 00:20:48,129 Suze: to leave it to me, the other one could say, 312 00:20:48,209 --> 00:20:51,170 Suze: oh no, look, my picture is there. 313 00:20:51,880 --> 00:20:54,419 Suze: So Mom wanted to leave it to me or dad 314 00:20:54,420 --> 00:20:57,500 Suze: wanted to leave it to me. Also, when you go 315 00:20:57,500 --> 00:21:01,979 Suze: to review who you have left everything to, it's so 316 00:21:01,979 --> 00:21:04,939 Suze: simple just to go back and go, oh, this is 317 00:21:04,939 --> 00:21:06,819 Suze: who I left it to rather than looking at all 318 00:21:06,819 --> 00:21:11,050 Suze: the words and looking through the documents, it's all in 319 00:21:11,050 --> 00:21:16,179 Suze: a section that's so easy for you to see. After 320 00:21:16,180 --> 00:21:17,659 Suze: you've done all that. 321 00:21:18,569 --> 00:21:23,849 Suze: Then you also can add specific gifts to people. Let's 322 00:21:23,849 --> 00:21:26,599 Suze: just say you want to leave your jewelry to Kate, 323 00:21:26,930 --> 00:21:30,890 Suze: your car to Michael, and your fishing rods to Shannon. Ohright, 324 00:21:30,930 --> 00:21:33,520 Suze: a girl after my own heart, she likes to fish, 325 00:21:34,130 --> 00:21:37,930 Suze: and you can leave as many specific gifts to as 326 00:21:37,930 --> 00:21:41,839 Suze: many people as you want. Now, believe it or not, 327 00:21:42,290 --> 00:21:47,329 Suze: after you click here, save and continue, guess what. 328 00:21:47,849 --> 00:21:51,959 Suze: You are essentially done and you have the ability to 329 00:21:51,959 --> 00:21:56,199 Suze: review and print out every one of these 4 must 330 00:21:56,199 --> 00:21:59,880 Suze: have documents, but you need to review them one at 331 00:21:59,880 --> 00:22:03,968 Suze: a time. So let's review the revocable trust. These are 332 00:22:03,969 --> 00:22:08,750 Suze: legal documents, everybody. So every word that you see in blue, 333 00:22:09,150 --> 00:22:11,909 Suze: if you don't understand what it means, click on it 334 00:22:11,910 --> 00:22:14,119 Suze: and up will come the legal definition. 335 00:22:14,369 --> 00:22:19,280 Suze: Everything in red is what you put in, and let's 336 00:22:19,280 --> 00:22:24,250 Suze: just say that you're looking at this and you're going, oh, 337 00:22:24,680 --> 00:22:28,239 Suze: maybe I shouldn't leave the fishing rods to Shannon. Maybe 338 00:22:28,239 --> 00:22:30,550 Suze: I want to change that and leave it to Michael. 339 00:22:30,560 --> 00:22:34,238 Suze: No problem. All you have to do is click on 340 00:22:34,239 --> 00:22:35,400 Suze: Shannon's name. 341 00:22:36,189 --> 00:22:39,310 Suze: It takes you back. You click edit. You put in 342 00:22:39,310 --> 00:22:41,829 Suze: the person you want it to leave it to, and 343 00:22:41,829 --> 00:22:46,260 Suze: then what happens it automatically populates all the documents with 344 00:22:46,260 --> 00:22:50,659 Suze: the correct information. Now once you have gone through everything, 345 00:22:51,189 --> 00:22:55,670 Suze: you will then download and print your trust, and here 346 00:22:55,670 --> 00:22:56,150 Suze: is what. 347 00:22:56,270 --> 00:23:01,179 Suze: So great. When you do so, you will also be 348 00:23:01,180 --> 00:23:06,739 Suze: printing out the instructions, just 3 easy steps. You will 349 00:23:06,739 --> 00:23:10,540 Suze: sign it. You will notarize it, and then you will 350 00:23:10,540 --> 00:23:15,579 Suze: fund it. And now you are protected. When you get 351 00:23:15,579 --> 00:23:16,410 Suze: this kit. 352 00:23:17,250 --> 00:23:21,609 Suze: There will be a complete video explaining to you exactly 353 00:23:21,609 --> 00:23:26,369 Suze: how you go about funding, so please don't worry about it. 354 00:23:26,689 --> 00:23:31,170 Suze: Not so hard, right? It's actually really, really simple, and 355 00:23:31,170 --> 00:23:34,800 Suze: please don't tell me that you don't have one hour 356 00:23:34,800 --> 00:23:39,050 Suze: of your time. Of course you do, but I also 357 00:23:39,050 --> 00:23:40,810 Suze: know what all of you are thinking. 358 00:23:41,609 --> 00:23:45,319 Suze: How much is this, Suze? It's I can't afford it, 359 00:23:45,650 --> 00:23:48,919 Suze: you know, I just can't do it now while it's true, 360 00:23:49,530 --> 00:23:51,919 Suze: if you went to see a lawyer. 361 00:23:52,910 --> 00:23:57,260 Suze: In most cases, to do these four documents, to sit 362 00:23:57,260 --> 00:23:59,629 Suze: down and have the lawyer explain it to you and 363 00:23:59,630 --> 00:24:04,089 Suze: everything else, it's going to probably cost you $2500 maybe 364 00:24:04,089 --> 00:24:06,180 Suze: to $5000 in there. 365 00:24:06,760 --> 00:24:10,859 Suze: So I understand why many of you don't have that 366 00:24:10,859 --> 00:24:14,810 Suze: much money to do these documents that are so important 367 00:24:14,979 --> 00:24:18,410 Suze: for you to protect your tomorrows today. I get that, 368 00:24:18,619 --> 00:24:25,300 Suze: and that's why these documents were created over 20 years ago. 369 00:24:26,310 --> 00:24:31,050 Suze: So that every single one of you could afford to 370 00:24:31,050 --> 00:24:33,609 Suze: have what you need to have. 371 00:24:34,479 --> 00:24:37,369 Suze: So I want you to listen to me closely. 372 00:24:38,030 --> 00:24:42,439 Suze: The must have documents are there not only for you 373 00:24:42,439 --> 00:24:47,280 Suze: to protect yourself, but it is the desire for all 374 00:24:47,280 --> 00:24:49,719 Suze: of you to be able to protect those that you 375 00:24:49,719 --> 00:24:51,349 Suze: love as well. 376 00:24:51,810 --> 00:24:55,520 Suze: This is the only program that I have ever known 377 00:24:55,849 --> 00:24:59,810 Suze: where once you get this program, you can give the 378 00:24:59,810 --> 00:25:04,920 Suze: activation code to anybody in your family because you want 379 00:25:04,920 --> 00:25:08,569 Suze: them to be protected as well. They each get to 380 00:25:08,569 --> 00:25:10,969 Suze: create it with their own password, so they're not going 381 00:25:10,969 --> 00:25:12,569 Suze: to be able to see what you did. 382 00:25:13,329 --> 00:25:16,938 Suze: But you now can help the members of your family, 383 00:25:17,109 --> 00:25:20,889 Suze: a sister, a brother, a mother, a father, an aunt 384 00:25:20,890 --> 00:25:23,469 Suze: and uncle. We don't personally care. 385 00:25:24,369 --> 00:25:28,709 Suze: I have been told by the manufacturer of this product 386 00:25:29,109 --> 00:25:33,010 Suze: that as the educator I could tell you go ahead 387 00:25:33,010 --> 00:25:39,560 Suze: and do that. That's number one. Number two, every time 388 00:25:39,560 --> 00:25:43,879 Suze: this product is updated, and it has been updated a 389 00:25:43,880 --> 00:25:47,119 Suze: lot since the year 2000. 390 00:25:48,479 --> 00:25:52,718 Suze: You get the update for free. So this isn't like, oh, 391 00:25:52,849 --> 00:25:57,969 Suze: we're updated, you have to buy it again, just that simple. No, 392 00:25:58,089 --> 00:26:03,530 Suze: all updates are free and last but not least. Every 393 00:26:03,530 --> 00:26:08,770 Suze: time you change, you go from single to married, married 394 00:26:08,770 --> 00:26:12,609 Suze: with no kids to married with kids, possibly married back 395 00:26:12,609 --> 00:26:14,599 Suze: to single again, who knows. 396 00:26:15,619 --> 00:26:19,859 Suze: Every time you have a change in your situation, you 397 00:26:19,859 --> 00:26:24,140 Suze: just come back to the program and make that change 398 00:26:24,140 --> 00:26:28,020 Suze: free of charge. Oh, you go to an attorney every 399 00:26:28,020 --> 00:26:30,369 Suze: time you go to that attorney to make a change, 400 00:26:30,579 --> 00:26:37,959 Suze: $500 250 dollars, $1000 not here. You are getting not 401 00:26:37,959 --> 00:26:42,420 Suze: just $2500 worth of state of the art documents. 402 00:26:42,949 --> 00:26:46,389 Suze: You're getting thousands of dollars of state of the art 403 00:26:46,390 --> 00:26:50,349 Suze: documents if you share them with those that you love. 404 00:26:51,410 --> 00:26:55,688 Suze: Do you understand what's happening here? This program was not 405 00:26:55,689 --> 00:26:59,479 Suze: created so that every single one of you buys it. No. 406 00:27:00,010 --> 00:27:03,250 Suze: This program was created so that every single one of 407 00:27:03,250 --> 00:27:06,458 Suze: you is protected. It just takes one of you, just 408 00:27:06,459 --> 00:27:11,400 Suze: one of you, to step up and purchase this program today, 409 00:27:11,650 --> 00:27:15,979 Suze: just that easy, and then share it with those that 410 00:27:15,979 --> 00:27:17,169 Suze: you love. 411 00:27:17,829 --> 00:27:21,369 Suze: I don't know, out of all the things I've ever 412 00:27:21,369 --> 00:27:22,400 Suze: seen out there, 413 00:27:24,000 --> 00:27:28,150 Suze: there's not another set of documents that are as good 414 00:27:28,150 --> 00:27:31,680 Suze: as these. They have been tested over the years. Millions 415 00:27:31,680 --> 00:27:35,550 Suze: of them are out there, but now it's your time 416 00:27:36,040 --> 00:27:41,670 Suze: to step forward and truly protect your tomorrows today. 417 00:27:42,469 --> 00:27:45,770 KT: So what do you think everybody? Did you learn why 418 00:27:45,770 --> 00:27:49,930 KT: must have documents are necessary for all of us, no 419 00:27:49,930 --> 00:27:53,119 KT: matter what, you've got to have this in place. 420 00:27:53,459 --> 00:27:56,410 KT: So we want you to be secure, and now all 421 00:27:56,410 --> 00:28:02,649 KT: you need to do is go to musthavedocs.com/birthday. Make sure 422 00:28:02,650 --> 00:28:06,489 KT: you give yourself the best gift ever on my birthday, 423 00:28:06,569 --> 00:28:09,489 KT: which is the must-have docs, and then this offer is 424 00:28:09,489 --> 00:28:13,000 KT: going to be good. It's only $73. Do not miss it. 425 00:28:13,250 --> 00:28:17,359 KT: The offer's good from July 20th today till the 27th, 426 00:28:17,569 --> 00:28:19,379 KT: midnight Pacific time. 427 00:28:19,410 --> 00:28:19,869 Suze: And then 428 00:28:19,920 --> 00:28:24,550 Suze: that's everybody. So there you go from me and everybody 429 00:28:24,550 --> 00:28:29,189 Suze: who listens to you on this podcast. I know I 430 00:28:29,189 --> 00:28:34,430 Suze: can feel it. I've goosebumps. They're all wishing you and Lynn, 431 00:28:34,469 --> 00:28:39,900 Suze: your twin sister, the happiest birthday of them all. All right, everybody, 432 00:28:40,189 --> 00:28:43,339 Suze: now there's only one thing we want you to remember 433 00:28:43,670 --> 00:28:46,270 Suze: when it comes to your money and what is it? 434 00:28:46,719 --> 00:28:51,119 Suze: This is the year to make your money, make more money, 435 00:28:51,160 --> 00:28:52,880 Suze: and one of the best ways I know for you 436 00:28:52,880 --> 00:29:00,920 Suze: to do it is go to musthavedocs.com/birthday $73. Good till 437 00:29:00,920 --> 00:29:06,719 Suze: July 27th, midnight Pacific time. All right, everybody, say goodbye, KT. 438 00:29:06,880 --> 00:29:07,829 KT: Happy birthday! 439 00:29:08,020 --> 00:29:10,369 Suze: To you. All right, bye bye.