Attorney Daniel Bernard explores the role of trusts in estate planning, focusing on the differences between revocable and irrevocable trusts in New York and Florida. The episode explains how trusts help avoid the costly and time-consuming probate process, protect assets for long-term care through Medicaid eligibility, and address the rising care needs of the baby boomer generation. It also covers common pitfalls of DIY trusts and the importance of professional guidance to ensure effective estate planning.

00:00 - Show Introduction and Welcome

01:30 - Differences Between Trusts and Wills

05:00 - Revocable vs. Irrevocable Trusts

09:00 - Long-Term Care and Medicaid Planning

13:00 - Impact of Baby Boomers on Care Costs

17:00 - Who Needs a Trust

21:00 - Funding Trusts to Avoid Probate

25:00 - Control and Flexibility in Trusts

29:00 - Trusts and Asset Protection

33:00 - Costs of Setting Up Trusts

37:00 - Mistakes in DIY Trusts

41:00 - Conclusion and Call to Action

Estate Planning with Bernard Law is a podcast dedicated to simplifying estate planning for individuals and families. Featuring attorney Daniel Bernard, the show provides expert insights into trusts, wills, probate avoidance, and long-term care planning. Through clear explanations and practical advice, the podcast empowers listeners to protect their assets and build lasting legacies in New York and Florida.