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Revocable Living Trusts

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station description Host Bob Leins and presenters from NITP, Inc., the national leader in Federal retir... read more
For Your Benefit
Duration: 52:32
September 20, 2021 on ForYourBenefit, host Bob Leins, CPA® welcomes Anne Sullivan, Esq. and Lacey Yegen, Esq.  This is a common topic, but one that people ask a lot of questions about.  Today’s program plans to address:

Types of trusts
Revocable living trusts explained
Advantages and drawbacks of h
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September 20, 2021 on ForYourBenefit, host Bob Leins, CPA® welcomes Anne Sullivan, Esq. and Lacey Yegen, Esq.  This is a common topic, but one that people ask a lot of questions about.  Today’s program plans to address:

Types of trusts
Revocable living trusts explained
Advantages and drawbacks of having a revocable living trust
Are you the right candidate for a revocable living trust?
Whether to get a joint or separate revocable living trust
Retitling assets to the living trust
What a revocable living trust will not do for you (asset protection and Medicaid planning)
Common questions and pitfalls to avoid (e.g., refinancing home in trust; how to amend/revoke a living trust; what happens if the trust is not funded; accidentally making a revocable living trust a beneficiary of a tax-deferred retirement account)
How trust administration works after death.

Send in a question:  Email us in advance at ForYourBenefit@nitpinc.com
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