Trusts – Do You Need One?
Frank L. Buquicchio joined Hilary Topper on her talk show, Hilary Topper on Air. During this podcast, Frank discusses how a Living Trust can be an invaluable planning tool. Trusts can be utilized for a myriad of reasons including avoiding probate and protecting assets from the cost of long term care. They can also be used to protect a loved one who has special needs. It is a common misconception that trusts are “for rich people”. “Rich” is, of course, a relative term, but you do not have to be financially “rich” for a trust to be helpful in your estate plan.
Frank will address the topic trusts and answer common questions such as:
- What is a living trust?
- What’s the difference between a revocable and irrevocable living trust and when should each be used?
- How do living trusts work?
- How can you determine if you need a living trust to protect a loved one with special needs?