Join us for this segment from Episode 11 of "Retirement for Life" as we dive into the world of trusts and whether you might need one to protect your assets and plan for the future. 💼✨
What You'll Learn:
Who Needs a Trust: Discover why business owners, parents of children with disabilities, and those with minor children or children with spending issues might need a trust.
Common Misconceptions: Understand why some people think they need a trust but might not, and learn about the situations where a trust is truly beneficial.
Real-Life Examples: Hear personal stories and examples of how trusts can help manage complex financial situations, family properties, and businesses.
The Costs and Maintenance: Get the lowdown on the costs involved in setting up and maintaining a trust, including legal fees, tax returns, and ongoing updates.
Key Highlights:
Business Owners: How trusts can dictate the future of your business and ensure fair treatment of your heirs.
Families with Special Needs: Why trusts are essential for children with disabilities or those with spending problems.
Vacation Properties: Managing and maintaining family vacation homes across generations.
Complex Financial Situations: When higher net worth justifies the need for a trust.
Why Listen?
Hosts Christian Cyr, CPA, Andrea Brannon, and Austin Phillips break down the essentials of trusts with a mix of practical advice, personal anecdotes, and professional insights. Whether you’re considering setting up a trust or simply curious about whether you need one, this episode is packed with valuable information.
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