35 min listen
31: What the Heck is a Trust, and Why Might I Need One?
31: What the Heck is a Trust, and Why Might I Need One?
ratings:
Length:
48 minutes
Released:
Dec 16, 2021
Format:
Podcast episode
Description
Trusts. What the heck are they and why might it be a good idea for you to have one? Most people believe that trusts are this elusive thing reserved for the uber-wealthy… …or have only heard of it as being a sort of plot device in a movie or murder mystery. Joining us today is attorney Shannon Evans, a recognized expert in the area of trusts and estate planning. She practices out of Las Vegas and is a frequent speaker on the conference circuit. With so much confusion around trusts, Shannon is a refreshing presence that gets to the heart of the matter real quick. She demonstrates that trusts are a lot more pedestrian—and a lot more useful—than most would think. Key Topics: So… What is a trust, exactly? (3:27) Who should have a trust? (8:06) What is an “irrevocable trust”? (14:39) What you should take into consideration if someone asks you to be a trustee. (18:40) In which state should you set up your trust? (22:48) Why should you NOT have IRAs in trusts? (25:33) Who is the fiduciary of a trust? (29:31) Updating beneficiaries (33:51) Stephanie and Kevin’s closing thoughts (40:49) Resources Mentioned: Take Back Retirement Episode 14: What Women Need to Know About Caregiving and Elder Law with Cathy Sikorski Evans & Associates If you like what you’ve been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. stephanie@sofiafinancial.com You can find the transcript and more information about this episode at www.takebackretirement.com. Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn. Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.
Released:
Dec 16, 2021
Format:
Podcast episode
Titles in the series (89)
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