Do you have a Will? What about a Trust? In this episode, we're joined by Estate Planning Attorney, Allison Kierman. Allison is here debunking the idea that Trusts are only for the uber-wealthy. She is also sharing the benefits of having a Trust which will have your assets broken down into far greater detail than simply having a Will, and when both a Will and a Trust are needed!

 

00:40 What led you to Estate planning?

01:30 What is a Trust, and how is it used?

02:40 At what point is it good to think about putting a trust together?

03:40 If I already have a will, do I need a Trust?

05:00 What assets can be included in a Trust?

06:30 Things you need to prepare for your attorney to create a Trust.

07:40 What is the difference between having a Trust and an LLC?

08:30 What happens to mortgages when parents pass and no Trust is in place?

10:00 Are there any drawbacks of having a Trust?

10:50 What does the process look like for Probate?

12:40 What is the investment in putting a Trust together?

15:20 Do you still need to put it in a Trust if you share a title?

17:00 What happens if circumstances change and you need to make a change to your Trust?

 

Connect with Allison Kierman

Instagram | @allisonkierman

Website | kiermanlaw.com

Email | [email protected]

Phone | 480-719-7333

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