Skip to content
Search AI Powered

Latest Stories

Lawyer Explains Why You Should 'Never Leave Anything' To Your Kids In Your Will In Eye-Opening TikTok

Split screen of screenshots from @brittanycohen_attorney's TikTok video
@brittanycohen_attorney/TikTok

For money protection attorney and TikToker Brittany Cohen, it all boils down to living trusts.

Unless you specifically work in legal or financial spaces, wills, inheritance accounts and other similar topics can feel really overwhelming, if not literally inaccessible.

Attorney Brittany Cohen has been working hard on her TikTok channel to demystify these tough subjects and to help her viewers make better decisions for themselves and their families.


One subject she's been seeing a lot of people approach inefficiently is the creation of their will. While many people think that this is the be-all-end-all solution for families and their assets, Cohen argues that wills often leave much to be desired.

In a viral TikTok video, Cohen explains that important assets like money, houses, and important possessions should be placed into a trust with beneficiaries appointed.

If a person wants everything to go to their children when they pass away, they're better off appointing their children as beneficiaries, rather than putting their names directly on a will.

You can watch the video here:

@brittanycohen_attorney

Trusts are for the middle class too #fy #fyp #foryou #foryourpage #foryoupage #estateplanning #attorney #assetprotection #livingtrust #wills #probate #probatecourt #beneficiary #ssi #investor #family #wealth #generations #momsoftiktok #dadsoftiktok #middleclass

The attorney's comments blew up with questions and, quite frankly, skepticism.

@brittanycohen_attorney/TikTok


@brittanycohen_attorney/TikTok


@brittanycohen_attorney/TikTok

Some TikTokers quipped that they would never need to worry about these tips, since they had no money to pass to their children.

@brittanycohen_attorney/TikTok

@brittanycohen_attorney/TikTok

But Cohen argued that "trusts are for the middle-class, too," and explained that these principles could be applied to anything a family member might want to pass down to someone that they wanted to guarantee would go to them and not someone else.

Even if a person doesn't have a large sum of money or a house to pass down, they might have belongings of great importance that they want to guarantee will go to someone special. A trust is more likely to protect that desire than a will, and any financial costs associated with that item will be protected from inflation.

Others questioned Cohen's reasoning around putting a home in a trust, but her response made sense.

Using a property like a home as an example, Cohen explains that transferring the ownership of the home from the parents to the children will require a reevaluation of the property taxes of that home. Because of inflation and more, the home likely will have much higher property taxes now than when the parents first purchased it, placing a much greater financial burden on their kids.

A trust would effectively work as a time capsule, locking the value and property taxes required into essentially a static position, only requiring the children to pick up the expenses where their parents left off, rather than having to pay substantially more than their predecessors.

With Cohen's additional advice, fellow TikTokers started to come around to the idea.

@brittanycohen_attorney/TikTok

@brittanycohen_attorney/TikTok

@brittanycohen_attorney/TikTok

@brittanycohen_attorney/TikTok

Though everyone has to do their own research and decide what is best for their family, as well as where they want to open up a trust and who all will be appointed to that account, this seems like an option more families should be looking into.

It's important to note that this option is not "just for rich people," and folks with lower incomes who believe they are potentially selling themselves, their families and their possessions short.

More from Trending

Robin Williams and Ethan Hawke
Buena Vista Pictures Distribution

Ethan Hawke Shares Important Lesson He Learned From Robin Williams On Set Of 'Dead Poets Society'

Actor Ethan Hawke has become a Hollywood legend in his own right, but his career started with being a child actor learning from the greats, like Robin Williams.

The two co-starred in Dead Poets Society, one of the greatest films of the 1980s. It was a breakout role for Hawke and one that solidified Williams as a dramatic actor after a career mostly focused on comedy.

Keep ReadingShow less
Donald Trump; Screenshot of California's statement
Andrew Harnik/Getty Images; cdss.ca.gov

Blue States Are Taking A Page Out Of Trump's Playbook With Alerts About SNAP Benefits

President Donald Trump and his administration are facing criticism as blue states post alerts about the loss of Supplemental Nutrition Assistance Program (SNAP) benefits as a result of the Trump administration's failure to spend contingency funds to feed people on the program, a decision that is resulting in a nationwide hunger crisis impacting millions of families.

State officials have announced plans to inform visitors that if they’re alarmed by the pause in SNAP benefits beginning November 1 due to the shutdown, they should direct their frustration at the Republican Party.

Keep ReadingShow less
Photo of a female hand holding up a pink paper heart that is on fire.
Photo by Kelly Sikkema on Unsplash

Signs A Relationship Is Over Even If The Couple Hasn't Broken Up Yet

Love is a many-splendored thing... until it's not.

Not all love stories have a happy ending.

Keep ReadingShow less
Morgan Freeman; Diane Keaton
Arnold Jerocki/WireImage/Getty Images; Pierre Suu/Getty Images

Morgan Freeman Reacts To Learning Diane Keaton Said He Was Her All-Time Favorite On-Screen Kiss

On Thursday, veteran actor Morgan Freeman was a guest on Jimmy Kimmel Live! and the host had news to share with the Oscar winner.

The late actress Diane Keaton named Freeman as her favorite on-screen kiss. The pair starred as a long-married couple in the 2014 film 5 Flights Up.

Keep ReadingShow less
Ted Cruz; Marjorie Taylor Greene
Kayla Bartkowski/Getty Images; Joe Raedle/Getty Images

Ted Cruz Slams Marjorie Taylor Greene For Becoming 'Very Liberal'—And People Can Not

Speaking on CNBC's Squawk Box, Texas Republican Senator Ted Cruz criticized his GOP colleague, Georgia Representative Marjorie Taylor Greene, for being "too liberal" after she criticized their fellow Republicans over wages and healthcare amid the ongoing government shutdown.

Cruz specifically cited Greene’s criticism of the American Israel Public Affairs Committee (AIPAC) and noted that, back in July, she became the first Republican in Congress to describe the crisis in Gaza as a “genocide.”

Keep ReadingShow less