Business
Is a trust something everyone has or just the really wealthy? Do you need it as a part of your estate plan? Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-54-do-you-need-a-trust/ Watch the video podcast: https://www.youtube.com/watch?v=mEKpQjU43uE&feature=youtu.be What we discuss on this show: 0:39 - We’re going to talk about estate planning gone wrong. 1:30 - How does your advisor potentially help with estate planning? 2:18 - What is an estate plan? 4:15 - What purpose does a trust serve? 7:05 - Real estate is a big reason why some choose to get a trust. 8:47 - What changed in 2020? 10:13 - When does a trust make it more complicated?