Demystifying Trusts and what you need to do NOW

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.

Links and Resources from this Episode

• Connect with Gary Pinkerton

• https://www.paradigmlife.net/

• [e-mail]

• https://garypinkerton.com/

• https://clientportal.paradigmlife.net/WealthView360

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