Lawrence Davidow, Managing and Senior Partner of the Elder Law, Special Needs and Estate Planning firm, Davidow, Davidow, Siegel & Stern, breaks down into simple terms the definition of a Trust. After the concept is explained, Lawrence will detail reasons to use trusts, reasons not to use a trust, Revocable vs. Irrevocable, Living vs. Testamentary Trusts, how it must be funded, and much more. If you are starting the Estate Planning process and have heard about trusts but don't know what they are and if you need one, this is the perfect podcast for you.