Most of my clients are confused, frustrated and frankly misled on this involved topic. Attorneys have the tendency to want to show the breadth of their knowledge and that is a big disservice to individuals trying to navigate all the options and features available in this broad topic of Trusts. This is a really important topic that many families put off unnecessarily and take big financial risk in doing so - listen in and let's take this worry off the table with concrete steps you can easily take.
Highlights
1% of financial advisors struggle with trust knowledge.
Types of trusts.
Three key aspects of trusts.
Revocable vs irrevocable trusts.
Purpose of revocable living trusts.
Avoiding probate with a trust.
Control from the grave.
When a trust becomes irrevocable.
Importance of asset protection.
Tax implications of irrevocable trusts.
The role of domestic asset protection trusts.
Income tax implications for trusts.
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