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/ 

• gpinkerton@paradigmlife.net

• https://garypinkerton.com/ 

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

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