Sign up to save your podcasts
Or
Share Appreciating the Functions of a Trust [Episode 128]
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
Appreciating the Functions of a Trust [Episode 128]
Attorney-CPA Joe Cordell and co-host Jill Enders navigate the ins and outs of trusts. They talk about the different perspectives that exist among clients who feel that a more detailed estate plan would be “controlling from the grave” versus clients who feel that it simply would be a parent looking out for their children.
Joe explains the differences between a revocable and an
irrevocable trust, and he talks about the intricacies involved in the asset
protection strategies involved in an irrevocable trust. He also talks about
utilizing an irrevocable trust, in order to qualify for Medicaid.
Joe highlights the benefits of having a revocable trust, as
well as the challenges associated with the probate process, including the
schedule and the costs associated with the experience.
Joe and Jill discuss the possibility of challenging a will, as
well as accusing a beneficiary of undue influence. They break down the
responsibilities of a trustee and an executor. Joe also talks about how
businesses are preserved by an executor, after the owner of a business dies.
View all episodes
By Life's Third Act
5
66 ratings
Attorney-CPA Joe Cordell and co-host Jill Enders navigate the ins and outs of trusts. They talk about the different perspectives that exist among clients who feel that a more detailed estate plan would be “controlling from the grave” versus clients who feel that it simply would be a parent looking out for their children.
Joe explains the differences between a revocable and an
irrevocable trust, and he talks about the intricacies involved in the asset
protection strategies involved in an irrevocable trust. He also talks about
utilizing an irrevocable trust, in order to qualify for Medicaid.
Joe highlights the benefits of having a revocable trust, as
well as the challenges associated with the probate process, including the
schedule and the costs associated with the experience.
Joe and Jill discuss the possibility of challenging a will, as
well as accusing a beneficiary of undue influence. They break down the
responsibilities of a trustee and an executor. Joe also talks about how
businesses are preserved by an executor, after the owner of a business dies.