Understanding Trusts and Wills: Choosing the Right Foundation for Your Estate Plan

Episode Summary:

In this episode, host Kevin Rosenquist and estate planning expert Betsy Holten dive deep into the differences between wills and trusts. They explore the benefits of different types of trusts, their applications for special needs planning, and how to protect family assets. Betsy shares personal insights from her experience with special needs planning and provides valuable information about trust funding and estate protection.

 

Key Timestamps:

00:01 - Show Introduction

00:38 - Basic differences between wills and trusts

04:12 - How to determine if you need a trust

09:26 - Trusts for families with special needs dependents

13:56 - Explaining revocable vs. irrevocable trusts

16:36 - How to get started with trust planning

 

About the Show:

"When Family Matters Become Legal Matters" helps listeners navigate the legal steps needed to protect their family, future, and legacy. The show features practical advice and trusted strategies from legal experts to simplify complex legal issues.