Today, we're diving into the world of trusts. Ever wondered if you need a trust? We'll help you figure it out.
In this episode, we discuss who really needs a trust and the differences between various types of trusts. We make it fun and interesting with real-life examples to show when a trust makes the most sense.
What You'll Learn:
-Trust Basics: What a trust is and how it dictates what happens to your assets after you're gone.
-Irrevocable vs. Revocable Trusts:
-Irrevocable Trusts: Used to protect assets from estate taxes and long-term care costs, especially for high-net-worth individuals.
-Revocable Trusts: Help manage and direct your assets posthumously but don't protect against creditors or reduce income taxes.
-Real-Life Scenarios: Hear examples of how trusts work in various situations, like protecting assets from nursing home costs (check out Episode 9 for more on this topic).
Why Listen?
Christian Cyr, CPA, and the passionate retirement specialist, alongside his co-hosts Andrea Brannon and Austin Phillips, break down complex topics into simple, actionable advice. They’ll cover what a trust can and cannot do for you, and clear up common misconceptions about trusts.
• We love hearing from you!! Record your retirement questions anytime at www.retirementforlife.com/
• If you’d like to subscribe to our channel for our latest content visit: / @cyrfinancial
• Elevate Your Retirement with the AIM Secure Retirement Assessment... our most popular tool! Powerful customized insights for retiree's or those nearing retirement. Answer 8 simple questions and receive your personalized assessment including the top three action items most likely to supercharge your chances of Retirement Success. www.retirementforlife.com/
• If you're interested in learning more about our trademarked AIM Retirement SystemTM, visit: aimretire.com/
• Want to connect with Chris? Schedule a 15 Minute Retirement Readiness call to discuss whatever's on you mind about retirement www.retire15.com/ or just shoot him an email at admin@cyrfincial.net
• Try out the industry's leading financial planning software on your own. We give RFL listeners unlimited free access to the www.cyrfinancial.com/resources
Негізгі бет Mastering Trusts for a Secure Retirement | Trusts 101
Пікірлер: 1