July 20, 2025 • 29 mins
For this Suze School, we get a lesson on why we should all have the Must-have-docs. Suze shares some stories of what happens when people aren’t protected and walks through how easy the program is to complete. Listen to the very end, because KT has a birthday gift just for you!
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Suze (00:27):
July 20th, 2025. Welcome everybody to the Women and Money podcast,
as well as everybody smart enough to listen.
And today is Suze School, kind of, but what else
is a KT?
KT (00:42):
It's KT. I'm in Suzie's school today, and there's a
big reason why.
Suze (00:47):
Tell them.
KT (00:48):
We are celebrating my birthday with my twin sister...
Suze (00:52):
Tomorrow, yes.
KT (00:53):
...and we have something special that we would like to
be able to offer all of you for my birthday.
Suze (01:01):
So in the same way that for my birthday,
we gave you a special URL that you could go
and get the must-have docs that normally sell for $99
and by the way, very shortly they are going up
a whole bunch, but anyway, you were able to get
them for $74. Why? Cause I turned 74.
(01:24):
Now KT comes to me and what do you say, KT?
KT (01:27):
Hey, you're not the only one in this game, Suze Orman.
It's KT and Suze podcast. So I want to be
able to offer on my birthday an even better deal,
everybody ready? $73.
Suze (01:40):
And that is because KT is going to be $73.
So here's what you need to know. So many of
you over all of these years that we have been
doing this.
You have been asking questions. Why do I need a will?
Why do I need a trust? Why do I need
all of this stuff? So after Suze School is over,
(02:02):
at the end of what I want all of you
to know, KT is going to come back and tell
you exactly what you need to do to do what.
To get the must-have docs, $2500 worth of state of
the art documents good in all 50 states. You can
renew them. You can do anything. You can share them
(02:23):
with people. You can change them. No more money besides
that anyway. What you can do to get them for $73.
So for now sit back, get out your little Suze
notebook because Suze School is beginning now.
Many call me the world's personal finance expert, but today
(02:46):
I am going to be your personal financial educator on
what I consider the very most important thing that you
need to do today to protect your tomorrows. Over the
40 years that I've been doing this.
So many of you make such a big mistake. You
think all that matters is what stock should you have,
(03:06):
what should you be investing in your retirement, all those
kinds of things. But if you don't do what I'm
telling you to do today, again, it will, in my opinion,
be the biggest mistake you can ever make.
So what is that mistake? That mistake is you not
preparing today for what could happen in your future. So
(03:30):
what am I talking about? There are things that you
must have and therefore these things I call the must
have documents. And what are they? They are a will,
a living revocable trust, an advanced directive and durable power
of attorney for health care, as well as a
financial power of attorney. If you don't have all four
(03:54):
of those in place today signed, sealed, and delivered again,
it will be one of the biggest mistakes that you
ever make. Now I know so many of you are
told all you need is a will.
You don't have enough money for a trust. A trust
is only for those people who have a lot of money. Well,
I'm telling you, the less money you have, the more
(04:19):
you need a living revocable trust. So first, let's just
start out with what are they?
A will is simply a piece of paper that says
where your assets are to go upon your death, but
it does it in the most cost ineffective way possible.
It doesn't plan for the what ifs. What if you
(04:40):
become incapacitated?
If you get older and you don't know even who
you are, whatever it may be, that's all it does.
So let me first start with giving you an example
of a will. Let's just say you live in California,
maybe you're living in San Diego.
And you have a house worth $400,000. I know. Good
(05:03):
luck finding a house in San Diego for just $400,000
but I just want you to understand how this would work,
and maybe it's my mother's house and my mother wants
to leave that house to me.
So in her will she says upon her death I'm
(05:24):
to get that house. In the meantime, the deed to
that house is in my mother's name, Ann Orman. My
mother dies. Now I simply have this piece of paper
again known as a will, and I'm going to have
to do what? Take it down to probate court.
So that a judge can sign the deed because my
(05:47):
mother's not alive to sign it anymore from her name
over to mine. Simple procedure, right? Well, in San Diego
in California, that simple procedure is going to be the
following about $2000 in filing fees. OK, not a big deal,
but for a judge to simply sign my mother's deed
(06:11):
over to mine.
That's going to be for a $400,000 home, even if
she has a $399,000 mortgage on it.
Between an executor and a lawyer cause you're not gonna
be able to do it, you need those things. It
will be statutory, about $22,000 and it will take a
(06:36):
minimum in most cases of about 11 to 12 months
to two years.
Really, everybody, is that what you want to do? You're
living in the house. You've been living with your mother,
and all of a sudden she dies, and now you
don't have that kind of money to go through probate.
(06:57):
Guess what? The house will be sold to pay the
probate fees. I just want you to think about that.
So what should my mother have done?
My mother should have created what's called a living revocable trust. Living,
you do it while you're alive. Revocable, She could change
it any time she wants. Trust is the name of
(07:19):
the document. It doesn't affect her property taxes. It doesn't
affect her income taxes. It doesn't affect
anything except it will absolutely make my life a whole
lot easier and then I'm going to give you an
example of why it would make her life a whole
lot easier. While she is alive, she transfers the title
(07:42):
of her house into the title of the trust,
Ann Orman, trustee for the Ann Orman Living Revocable Trust.
She is number one, the trustor, the one who created it,
the trustee. She can change anything she wants. It's held
(08:03):
for her benefit while she's alive, and she will name
a beneficiary, me in this case, so that upon her
death I get the house.
Because she went to the trouble of transferring the name
while she was alive.
From just the deed in her name to the deed
(08:24):
in the trust upon her death two weeks later, it
transfers to me. No probate fees, no six months, one year,
three years, whatever it may take, depending on where you live.
Two weeks later, that trust is mine. Now maybe it
might cost me $750 for the actual title to transfer,
(08:48):
but that is it.
But let's say you're thinking to yourself, Suze. I actually
don't care how long it takes my kids to get
this house. I don't care about that.
I'll tell you what you should care about. Let's say
as you get older, cause this is true in my
(09:09):
mother's case, as my mother got older, she died at 97.
She started to say to me, Suze, who is Social
Security that keeps putting a check in my account every month?
All right, everybody? Or what would happen if she truly
became incapacitated?
(09:31):
She couldn't write checks. She couldn't pay her bills. She
really couldn't function anymore. A will isn't going to help her,
and that is because a will only comes into effect
when she dies to pass everything to her named beneficiaries.
Are you following me right now? A trust with an
(09:53):
incapacity clause
names, if Mom were to become incapacitated and a doctor
says she's incapacitated, then there is a successor trustee already
in place who can make decisions for Mom. Pay the bills,
(10:14):
write the checks, take care of everything.
If you didn't have that, and now Mom is incapacitated
for you to be able to take care of her,
you're going to have to go and get her declared
incompetent and get a conservatorship for her. Oh, in the
(10:35):
state of California, that's only about $5000.
But for every year after that, in most cases, you're
going to have to check with the court to make
sure that what you are doing with mom's money.
It is really for her benefit and not for your own.
So are you starting to understand how complicated that can be? Oh,
(10:59):
I can hear you now, but Suze, I don't need
a trust. I own a home in joint tenancy with
my daughter or with my spouse. OK, I get that,
and you're thinking, therefore, if I die.
It automatically goes to them. That is true.
(11:21):
But here's the problem. You don't die, and one of
you becomes incapacitated. You are walking down the street. You slipped,
you hit your head, whatever it may be.
And you can't afford to keep that home because it
was taking two incomes to pay the mortgage, and now
(11:43):
one of you is incapacitated. You don't have an income
anymore and now you need to sell the house, can you?
Tick tick tuck. Oh, time's up. No, you can. And
why is that? Cause if you own a home and
joint tenancy with right of survivorship, guess what? It takes
(12:06):
both signatures for you to be able to sell that home.
If you simply owned the house, both of you living
revocable trust, both joint tenancy with right of survivorship, whatever
it may be.
If one of you were incapacitated, the other could sign
for you, you could sign for the other, just that simple.
(12:30):
But let's also just say one more example. You have
minor children. You do understand that minors can't inherit money
if you leave your kids via your will.
The money and their minors, it's going to go into
a blocked account until they are 18 or so years
(12:52):
of age for them to use it. There are ways
around it. However, why don't you want to do things
the easy way? Why? And I just have to say this.
There's one example of what can happen if you simply
think that you are going to avoid this, and you,
(13:14):
while you are alive, are going to transfer your house
to your daughter. Let's just say that's what you're going
to do.
First of all, if you do that, you have also
transferred your cost basis to your daughter. You bought the
house years ago for $50,000. It's now worth $400,000. Her
(13:36):
cost basis on that house is $50,000. She goes to
sell it. She's going to owe taxes on the difference
between 50 and $400,000. If, however, she inherits it
via a trust or even via a will she gets
a step up in cost basis to 400,000. So if
(13:58):
she turns around and she sells it, no tax whatsoever,
but here is a true story that recently just happened
and it has broken my heart.
There is a woman who is 90 years of age.
And she lived in a home worth $1 million and
(14:22):
it had a second unit to it, and her niece
was invited to move into that unit and take care
of her just that simple.
And they came up with this idea of I know
to avoid probate, why don't I transfer the title of
this home into your name? You're so good you're taking
(14:46):
care of me and I want you to have the house.
And they do that. Recently, I got an email from
another relative, and they said, Suze, we need you to
help us.
My aunt did this, left it to her other niece,
but Suze, that niece just died.
(15:10):
And that niece's will has left everything to some man
that we don't even know, and now my aunt can't
sell the house.
She's living in a house that she no longer owns.
And now what are we going to do?
You think you can get around things, do you, when
(15:32):
all it would take is for you to get the
must have documents? Are you kidding me? The next two,
the advanced directive and durable power of attorney for health care.
In advance of you getting sick, you just give directions
to who your doctor as to what you want to
(15:54):
see happen.
You also with these documents, you name somebody that's known
as the attorney in fact somebody who can make decisions
for you when you no longer can make them for yourself.
Those documents are essential, everybody, and also I just want
(16:14):
to tell you something about those documents.
If you have a child who's over the age now
of 17, so they are 18 or older.
Legally you no longer can make decisions for them if
they end up in the hospital, you do not have
(16:37):
the legal authority.
To instruct the doctor what to do if, however, you
had an advanced directive and durable power of attorney for
your 18 year old or older child, where you were
named as the person who could do that, you could
still then step in and make decisions when your child,
(17:01):
your children can do it. I want you to think
about that.
And last but not least, the financial power of attorney
sometimes when a spouse has stock options or an IRA
or whatever it may be and it needs to transfer
into your name and things a financial power of attorney,
(17:25):
especially the one that comes with the must-have documents is
exactly what you need. So those are.
The four must have documents. Now, hopefully you understand why
you need them all, but I know all of you
(17:45):
are saying, Oh, Susie, #1, I can't afford it. Well,
I'm going to show you in a second how you
absolutely can, but you're thinking it's too complicated. I don't
know an attorney. I don't even know where to go
and how to do it. Oh yes you do.
Once you have purchased the must-have documents in the luxury
(18:06):
of your own home, you are going to create these
four must-have documents. You will get an activation code. You
will enter it, just click unlock, and here's what you
are going to get. You will be getting all 4
must-have documents the will, revocable trust, the advance directive, and
(18:27):
Durable power of attorney for health care and the financial
power of attorney. Here's what you need to know, everybody.
It is good in all 50 states, personalized for your
unique situation, works on computers, laptops, smartphones, and tablets, and
you're going to be able to complete it in under
an hour.
Don't worry, you will find that there is help every
(18:50):
step of the way. There will be AI guided assistance,
a live online chat for you, and toll-free 800 number
to call. You ready? This is how easy it is.
You will simply fill in the information. Take a look
over to the right side, and you will see that
there are instructions there as to every.
(19:11):
Everything you should be filling out. You also can click
live chat, ask questions. It is easy as can be.
After you have saved them, here's what you're going to
need to do. You're going to need to choose which
trust out of these three you want a single revocable trust. Obviously,
(19:32):
if you're not legally married, you can use this trust,
but
you can also use it if you are married, just
so you know. Married revocable trust, if you know you
want to leave everything to your spouse, this is the
one that you would choose and a separate property revocable trust. Hey,
(19:52):
if you've inherited property or you came into the relationship
with property and you want to make sure nobody ever
gets it, that's what you will use.
Now this is where you're going to add a beneficiary.
Just click on add beneficiary and put in all the
information of the person you want to leave something to.
(20:13):
You have instructions if anything happens to confuse you, but
here's what is going to surprise you.
This is the only program out there that allows you
to either take a picture with your iPhone or whatever
you may have and put it into this program. You
can also go directly into your library and add a picture.
(20:36):
Let me just tell you why this is important. Number one,
later on,
Let's say the kids starts saying no, no. Mama wanted
to leave it to me, the other one could say,
oh no, look, my picture is there.
So Mom wanted to leave it to me or dad
wanted to leave it to me. Also, when you go
(20:57):
to review who you have left everything to, it's so
simple just to go back and go, oh, this is
who I left it to rather than looking at all
the words and looking through the documents, it's all in
a section that's so easy for you to see. After
you've done all that.
(21:18):
Then you also can add specific gifts to people. Let's
just say you want to leave your jewelry to Kate,
your car to Michael, and your fishing rods to Shannon. Ohright,
a girl after my own heart, she likes to fish,
and you can leave as many specific gifts to as
many people as you want. Now, believe it or not,
(21:42):
after you click here, save and continue, guess what.
You are essentially done and you have the ability to
review and print out every one of these 4 must
have documents, but you need to review them one at
a time. So let's review the revocable trust. These are
(22:03):
legal documents, everybody. So every word that you see in blue,
if you don't understand what it means, click on it
and up will come the legal definition.
Everything in red is what you put in, and let's
just say that you're looking at this and you're going, oh,
(22:24):
maybe I shouldn't leave the fishing rods to Shannon. Maybe
I want to change that and leave it to Michael.
No problem. All you have to do is click on
Shannon's name.
It takes you back. You click edit. You put in
the person you want it to leave it to, and
then what happens it automatically populates all the documents with
(22:46):
the correct information. Now once you have gone through everything,
you will then download and print your trust, and here
is what.
So great. When you do so, you will also be
printing out the instructions, just 3 easy steps. You will
(23:06):
sign it. You will notarize it, and then you will
fund it. And now you are protected. When you get
this kit.
There will be a complete video explaining to you exactly
how you go about funding, so please don't worry about it.
Not so hard, right? It's actually really, really simple, and
(23:31):
please don't tell me that you don't have one hour
of your time. Of course you do, but I also
know what all of you are thinking.
How much is this, Suze? It's I can't afford it,
you know, I just can't do it now while it's true,
if you went to see a lawyer.
(23:52):
In most cases, to do these four documents, to sit
down and have the lawyer explain it to you and
everything else, it's going to probably cost you $2500 maybe
to $5000 in there.
So I understand why many of you don't have that
much money to do these documents that are so important
(24:14):
for you to protect your tomorrows today. I get that,
and that's why these documents were created over 20 years ago.
So that every single one of you could afford to
have what you need to have.
So I want you to listen to me closely.
(24:38):
The must have documents are there not only for you
to protect yourself, but it is the desire for all
of you to be able to protect those that you
love as well.
This is the only program that I have ever known
where once you get this program, you can give the
(24:59):
activation code to anybody in your family because you want
them to be protected as well. They each get to
create it with their own password, so they're not going
to be able to see what you did.
But you now can help the members of your family,
a sister, a brother, a mother, a father, an aunt
(25:20):
and uncle. We don't personally care.
I have been told by the manufacturer of this product
that as the educator I could tell you go ahead
and do that. That's number one. Number two, every time
this product is updated, and it has been updated a
(25:43):
lot since the year 2000.
You get the update for free. So this isn't like, oh,
we're updated, you have to buy it again, just that simple. No,
all updates are free and last but not least. Every
time you change, you go from single to married, married
(26:08):
with no kids to married with kids, possibly married back
to single again, who knows.
Every time you have a change in your situation, you
just come back to the program and make that change
free of charge. Oh, you go to an attorney every
time you go to that attorney to make a change,
(26:30):
$500 250 dollars, $1000 not here. You are getting not
just $2500 worth of state of the art documents.
You're getting thousands of dollars of state of the art
documents if you share them with those that you love.
(26:51):
Do you understand what's happening here? This program was not
created so that every single one of you buys it. No.
This program was created so that every single one of
you is protected. It just takes one of you, just
one of you, to step up and purchase this program today,
(27:11):
just that easy, and then share it with those that
you love.
I don't know, out of all the things I've ever
seen out there,
there's not another set of documents that are as good
as these. They have been tested over the years. Millions
(27:31):
of them are out there, but now it's your time
to step forward and truly protect your tomorrows today.
KT (27:42):
So what do you think everybody? Did you learn why
must have documents are necessary for all of us, no
matter what, you've got to have this in place.
So we want you to be secure, and now all
you need to do is go to musthavedocs.com/birthday. Make sure
(28:02):
you give yourself the best gift ever on my birthday,
which is the must-have docs, and then this offer is
going to be good. It's only $73. Do not miss it.
The offer's good from July 20th today till the 27th,
midnight Pacific time.
Suze (28:19):
And then
that's everybody. So there you go from me and everybody
who listens to you on this podcast. I know I
can feel it. I've goosebumps. They're all wishing you and Lynn,
your twin sister, the happiest birthday of them all. All right, everybody,
(28:40):
now there's only one thing we want you to remember
when it comes to your money and what is it?
This is the year to make your money, make more money,
and one of the best ways I know for you
to do it is go to musthavedocs.com/birthday $73. Good till
(29:00):
July 27th, midnight Pacific time. All right, everybody, say goodbye, KT.
KT (29:06):
Happy birthday!
Suze (29:08):
To you. All right, bye bye.
July 20th, 2025. Welcome everybody to the Women and Money podcast,
as well as everybody smart enough to listen.
And today is Suze School, kind of, but what else
is a KT?
KT (00:42):
It's KT. I'm in Suzie's school today, and there's a
big reason why.
Suze (00:47):
Tell them.
KT (00:48):
We are celebrating my birthday with my twin sister...
Suze (00:52):
Tomorrow, yes.
KT (00:53):
...and we have something special that we would like to
be able to offer all of you for my birthday.
Suze (01:01):
So in the same way that for my birthday,
we gave you a special URL that you could go
and get the must-have docs that normally sell for $99
and by the way, very shortly they are going up
a whole bunch, but anyway, you were able to get
them for $74. Why? Cause I turned 74.
(01:24):
Now KT comes to me and what do you say, KT?
KT (01:27):
Hey, you're not the only one in this game, Suze Orman.
It's KT and Suze podcast. So I want to be
able to offer on my birthday an even better deal,
everybody ready? $73.
Suze (01:40):
And that is because KT is going to be $73.
So here's what you need to know. So many of
you over all of these years that we have been
doing this.
You have been asking questions. Why do I need a will?
Why do I need a trust? Why do I need
all of this stuff? So after Suze School is over,
(02:02):
at the end of what I want all of you
to know, KT is going to come back and tell
you exactly what you need to do to do what.
To get the must-have docs, $2500 worth of state of
the art documents good in all 50 states. You can
renew them. You can do anything. You can share them
(02:23):
with people. You can change them. No more money besides
that anyway. What you can do to get them for $73.
So for now sit back, get out your little Suze
notebook because Suze School is beginning now.
Many call me the world's personal finance expert, but today
(02:46):
I am going to be your personal financial educator on
what I consider the very most important thing that you
need to do today to protect your tomorrows. Over the
40 years that I've been doing this.
So many of you make such a big mistake. You
think all that matters is what stock should you have,
(03:06):
what should you be investing in your retirement, all those
kinds of things. But if you don't do what I'm
telling you to do today, again, it will, in my opinion,
be the biggest mistake you can ever make.
So what is that mistake? That mistake is you not
preparing today for what could happen in your future. So
(03:30):
what am I talking about? There are things that you
must have and therefore these things I call the must
have documents. And what are they? They are a will,
a living revocable trust, an advanced directive and durable power
of attorney for health care, as well as a
financial power of attorney. If you don't have all four
(03:54):
of those in place today signed, sealed, and delivered again,
it will be one of the biggest mistakes that you
ever make. Now I know so many of you are
told all you need is a will.
You don't have enough money for a trust. A trust
is only for those people who have a lot of money. Well,
I'm telling you, the less money you have, the more
(04:19):
you need a living revocable trust. So first, let's just
start out with what are they?
A will is simply a piece of paper that says
where your assets are to go upon your death, but
it does it in the most cost ineffective way possible.
It doesn't plan for the what ifs. What if you
(04:40):
become incapacitated?
If you get older and you don't know even who
you are, whatever it may be, that's all it does.
So let me first start with giving you an example
of a will. Let's just say you live in California,
maybe you're living in San Diego.
And you have a house worth $400,000. I know. Good
(05:03):
luck finding a house in San Diego for just $400,000
but I just want you to understand how this would work,
and maybe it's my mother's house and my mother wants
to leave that house to me.
So in her will she says upon her death I'm
(05:24):
to get that house. In the meantime, the deed to
that house is in my mother's name, Ann Orman. My
mother dies. Now I simply have this piece of paper
again known as a will, and I'm going to have
to do what? Take it down to probate court.
So that a judge can sign the deed because my
(05:47):
mother's not alive to sign it anymore from her name
over to mine. Simple procedure, right? Well, in San Diego
in California, that simple procedure is going to be the
following about $2000 in filing fees. OK, not a big deal,
but for a judge to simply sign my mother's deed
(06:11):
over to mine.
That's going to be for a $400,000 home, even if
she has a $399,000 mortgage on it.
Between an executor and a lawyer cause you're not gonna
be able to do it, you need those things. It
will be statutory, about $22,000 and it will take a
(06:36):
minimum in most cases of about 11 to 12 months
to two years.
Really, everybody, is that what you want to do? You're
living in the house. You've been living with your mother,
and all of a sudden she dies, and now you
don't have that kind of money to go through probate.
(06:57):
Guess what? The house will be sold to pay the
probate fees. I just want you to think about that.
So what should my mother have done?
My mother should have created what's called a living revocable trust. Living,
you do it while you're alive. Revocable, She could change
it any time she wants. Trust is the name of
(07:19):
the document. It doesn't affect her property taxes. It doesn't
affect her income taxes. It doesn't affect
anything except it will absolutely make my life a whole
lot easier and then I'm going to give you an
example of why it would make her life a whole
lot easier. While she is alive, she transfers the title
(07:42):
of her house into the title of the trust,
Ann Orman, trustee for the Ann Orman Living Revocable Trust.
She is number one, the trustor, the one who created it,
the trustee. She can change anything she wants. It's held
(08:03):
for her benefit while she's alive, and she will name
a beneficiary, me in this case, so that upon her
death I get the house.
Because she went to the trouble of transferring the name
while she was alive.
From just the deed in her name to the deed
(08:24):
in the trust upon her death two weeks later, it
transfers to me. No probate fees, no six months, one year,
three years, whatever it may take, depending on where you live.
Two weeks later, that trust is mine. Now maybe it
might cost me $750 for the actual title to transfer,
(08:48):
but that is it.
But let's say you're thinking to yourself, Suze. I actually
don't care how long it takes my kids to get
this house. I don't care about that.
I'll tell you what you should care about. Let's say
as you get older, cause this is true in my
(09:09):
mother's case, as my mother got older, she died at 97.
She started to say to me, Suze, who is Social
Security that keeps putting a check in my account every month?
All right, everybody? Or what would happen if she truly
became incapacitated?
(09:31):
She couldn't write checks. She couldn't pay her bills. She
really couldn't function anymore. A will isn't going to help her,
and that is because a will only comes into effect
when she dies to pass everything to her named beneficiaries.
Are you following me right now? A trust with an
(09:53):
incapacity clause
names, if Mom were to become incapacitated and a doctor
says she's incapacitated, then there is a successor trustee already
in place who can make decisions for Mom. Pay the bills,
(10:14):
write the checks, take care of everything.
If you didn't have that, and now Mom is incapacitated
for you to be able to take care of her,
you're going to have to go and get her declared
incompetent and get a conservatorship for her. Oh, in the
(10:35):
state of California, that's only about $5000.
But for every year after that, in most cases, you're
going to have to check with the court to make
sure that what you are doing with mom's money.
It is really for her benefit and not for your own.
So are you starting to understand how complicated that can be? Oh,
(10:59):
I can hear you now, but Suze, I don't need
a trust. I own a home in joint tenancy with
my daughter or with my spouse. OK, I get that,
and you're thinking, therefore, if I die.
It automatically goes to them. That is true.
(11:21):
But here's the problem. You don't die, and one of
you becomes incapacitated. You are walking down the street. You slipped,
you hit your head, whatever it may be.
And you can't afford to keep that home because it
was taking two incomes to pay the mortgage, and now
(11:43):
one of you is incapacitated. You don't have an income
anymore and now you need to sell the house, can you?
Tick tick tuck. Oh, time's up. No, you can. And
why is that? Cause if you own a home and
joint tenancy with right of survivorship, guess what? It takes
(12:06):
both signatures for you to be able to sell that home.
If you simply owned the house, both of you living
revocable trust, both joint tenancy with right of survivorship, whatever
it may be.
If one of you were incapacitated, the other could sign
for you, you could sign for the other, just that simple.
(12:30):
But let's also just say one more example. You have
minor children. You do understand that minors can't inherit money
if you leave your kids via your will.
The money and their minors, it's going to go into
a blocked account until they are 18 or so years
(12:52):
of age for them to use it. There are ways
around it. However, why don't you want to do things
the easy way? Why? And I just have to say this.
There's one example of what can happen if you simply
think that you are going to avoid this, and you,
(13:14):
while you are alive, are going to transfer your house
to your daughter. Let's just say that's what you're going
to do.
First of all, if you do that, you have also
transferred your cost basis to your daughter. You bought the
house years ago for $50,000. It's now worth $400,000. Her
(13:36):
cost basis on that house is $50,000. She goes to
sell it. She's going to owe taxes on the difference
between 50 and $400,000. If, however, she inherits it
via a trust or even via a will she gets
a step up in cost basis to 400,000. So if
(13:58):
she turns around and she sells it, no tax whatsoever,
but here is a true story that recently just happened
and it has broken my heart.
There is a woman who is 90 years of age.
And she lived in a home worth $1 million and
(14:22):
it had a second unit to it, and her niece
was invited to move into that unit and take care
of her just that simple.
And they came up with this idea of I know
to avoid probate, why don't I transfer the title of
this home into your name? You're so good you're taking
(14:46):
care of me and I want you to have the house.
And they do that. Recently, I got an email from
another relative, and they said, Suze, we need you to
help us.
My aunt did this, left it to her other niece,
but Suze, that niece just died.
(15:10):
And that niece's will has left everything to some man
that we don't even know, and now my aunt can't
sell the house.
She's living in a house that she no longer owns.
And now what are we going to do?
You think you can get around things, do you, when
(15:32):
all it would take is for you to get the
must have documents? Are you kidding me? The next two,
the advanced directive and durable power of attorney for health care.
In advance of you getting sick, you just give directions
to who your doctor as to what you want to
(15:54):
see happen.
You also with these documents, you name somebody that's known
as the attorney in fact somebody who can make decisions
for you when you no longer can make them for yourself.
Those documents are essential, everybody, and also I just want
(16:14):
to tell you something about those documents.
If you have a child who's over the age now
of 17, so they are 18 or older.
Legally you no longer can make decisions for them if
they end up in the hospital, you do not have
(16:37):
the legal authority.
To instruct the doctor what to do if, however, you
had an advanced directive and durable power of attorney for
your 18 year old or older child, where you were
named as the person who could do that, you could
still then step in and make decisions when your child,
(17:01):
your children can do it. I want you to think
about that.
And last but not least, the financial power of attorney
sometimes when a spouse has stock options or an IRA
or whatever it may be and it needs to transfer
into your name and things a financial power of attorney,
(17:25):
especially the one that comes with the must-have documents is
exactly what you need. So those are.
The four must have documents. Now, hopefully you understand why
you need them all, but I know all of you
(17:45):
are saying, Oh, Susie, #1, I can't afford it. Well,
I'm going to show you in a second how you
absolutely can, but you're thinking it's too complicated. I don't
know an attorney. I don't even know where to go
and how to do it. Oh yes you do.
Once you have purchased the must-have documents in the luxury
(18:06):
of your own home, you are going to create these
four must-have documents. You will get an activation code. You
will enter it, just click unlock, and here's what you
are going to get. You will be getting all 4
must-have documents the will, revocable trust, the advance directive, and
(18:27):
Durable power of attorney for health care and the financial
power of attorney. Here's what you need to know, everybody.
It is good in all 50 states, personalized for your
unique situation, works on computers, laptops, smartphones, and tablets, and
you're going to be able to complete it in under
an hour.
Don't worry, you will find that there is help every
(18:50):
step of the way. There will be AI guided assistance,
a live online chat for you, and toll-free 800 number
to call. You ready? This is how easy it is.
You will simply fill in the information. Take a look
over to the right side, and you will see that
there are instructions there as to every.
(19:11):
Everything you should be filling out. You also can click
live chat, ask questions. It is easy as can be.
After you have saved them, here's what you're going to
need to do. You're going to need to choose which
trust out of these three you want a single revocable trust. Obviously,
(19:32):
if you're not legally married, you can use this trust,
but
you can also use it if you are married, just
so you know. Married revocable trust, if you know you
want to leave everything to your spouse, this is the
one that you would choose and a separate property revocable trust. Hey,
(19:52):
if you've inherited property or you came into the relationship
with property and you want to make sure nobody ever
gets it, that's what you will use.
Now this is where you're going to add a beneficiary.
Just click on add beneficiary and put in all the
information of the person you want to leave something to.
(20:13):
You have instructions if anything happens to confuse you, but
here's what is going to surprise you.
This is the only program out there that allows you
to either take a picture with your iPhone or whatever
you may have and put it into this program. You
can also go directly into your library and add a picture.
(20:36):
Let me just tell you why this is important. Number one,
later on,
Let's say the kids starts saying no, no. Mama wanted
to leave it to me, the other one could say,
oh no, look, my picture is there.
So Mom wanted to leave it to me or dad
wanted to leave it to me. Also, when you go
(20:57):
to review who you have left everything to, it's so
simple just to go back and go, oh, this is
who I left it to rather than looking at all
the words and looking through the documents, it's all in
a section that's so easy for you to see. After
you've done all that.
(21:18):
Then you also can add specific gifts to people. Let's
just say you want to leave your jewelry to Kate,
your car to Michael, and your fishing rods to Shannon. Ohright,
a girl after my own heart, she likes to fish,
and you can leave as many specific gifts to as
many people as you want. Now, believe it or not,
(21:42):
after you click here, save and continue, guess what.
You are essentially done and you have the ability to
review and print out every one of these 4 must
have documents, but you need to review them one at
a time. So let's review the revocable trust. These are
(22:03):
legal documents, everybody. So every word that you see in blue,
if you don't understand what it means, click on it
and up will come the legal definition.
Everything in red is what you put in, and let's
just say that you're looking at this and you're going, oh,
(22:24):
maybe I shouldn't leave the fishing rods to Shannon. Maybe
I want to change that and leave it to Michael.
No problem. All you have to do is click on
Shannon's name.
It takes you back. You click edit. You put in
the person you want it to leave it to, and
then what happens it automatically populates all the documents with
(22:46):
the correct information. Now once you have gone through everything,
you will then download and print your trust, and here
is what.
So great. When you do so, you will also be
printing out the instructions, just 3 easy steps. You will
(23:06):
sign it. You will notarize it, and then you will
fund it. And now you are protected. When you get
this kit.
There will be a complete video explaining to you exactly
how you go about funding, so please don't worry about it.
Not so hard, right? It's actually really, really simple, and
(23:31):
please don't tell me that you don't have one hour
of your time. Of course you do, but I also
know what all of you are thinking.
How much is this, Suze? It's I can't afford it,
you know, I just can't do it now while it's true,
if you went to see a lawyer.
(23:52):
In most cases, to do these four documents, to sit
down and have the lawyer explain it to you and
everything else, it's going to probably cost you $2500 maybe
to $5000 in there.
So I understand why many of you don't have that
much money to do these documents that are so important
(24:14):
for you to protect your tomorrows today. I get that,
and that's why these documents were created over 20 years ago.
So that every single one of you could afford to
have what you need to have.
So I want you to listen to me closely.
(24:38):
The must have documents are there not only for you
to protect yourself, but it is the desire for all
of you to be able to protect those that you
love as well.
This is the only program that I have ever known
where once you get this program, you can give the
(24:59):
activation code to anybody in your family because you want
them to be protected as well. They each get to
create it with their own password, so they're not going
to be able to see what you did.
But you now can help the members of your family,
a sister, a brother, a mother, a father, an aunt
(25:20):
and uncle. We don't personally care.
I have been told by the manufacturer of this product
that as the educator I could tell you go ahead
and do that. That's number one. Number two, every time
this product is updated, and it has been updated a
(25:43):
lot since the year 2000.
You get the update for free. So this isn't like, oh,
we're updated, you have to buy it again, just that simple. No,
all updates are free and last but not least. Every
time you change, you go from single to married, married
(26:08):
with no kids to married with kids, possibly married back
to single again, who knows.
Every time you have a change in your situation, you
just come back to the program and make that change
free of charge. Oh, you go to an attorney every
time you go to that attorney to make a change,
(26:30):
$500 250 dollars, $1000 not here. You are getting not
just $2500 worth of state of the art documents.
You're getting thousands of dollars of state of the art
documents if you share them with those that you love.
(26:51):
Do you understand what's happening here? This program was not
created so that every single one of you buys it. No.
This program was created so that every single one of
you is protected. It just takes one of you, just
one of you, to step up and purchase this program today,
(27:11):
just that easy, and then share it with those that
you love.
I don't know, out of all the things I've ever
seen out there,
there's not another set of documents that are as good
as these. They have been tested over the years. Millions
(27:31):
of them are out there, but now it's your time
to step forward and truly protect your tomorrows today.
KT (27:42):
So what do you think everybody? Did you learn why
must have documents are necessary for all of us, no
matter what, you've got to have this in place.
So we want you to be secure, and now all
you need to do is go to musthavedocs.com/birthday. Make sure
(28:02):
you give yourself the best gift ever on my birthday,
which is the must-have docs, and then this offer is
going to be good. It's only $73. Do not miss it.
The offer's good from July 20th today till the 27th,
midnight Pacific time.
Suze (28:19):
And then
that's everybody. So there you go from me and everybody
who listens to you on this podcast. I know I
can feel it. I've goosebumps. They're all wishing you and Lynn,
your twin sister, the happiest birthday of them all. All right, everybody,
(28:40):
now there's only one thing we want you to remember
when it comes to your money and what is it?
This is the year to make your money, make more money,
and one of the best ways I know for you
to do it is go to musthavedocs.com/birthday $73. Good till
(29:00):
July 27th, midnight Pacific time. All right, everybody, say goodbye, KT.
KT (29:06):
Happy birthday!
Suze (29:08):
To you. All right, bye bye.
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