There is a distinct lack of education when it comes to understanding how to most effectively leave money to your heirs. This can come from a lot of things, but it most likely stems from no one ever having anything substantial enough to pass down. If we are going to build generational wealth and change our family trees, we need to control how our assets are left behind and what stipulations we may want in place to make sure that they aren't squandered. A trust helps us do that. Today we will discuss:

1. What a trust is

2. The types of trusts and how they compare to other estate planning documents

3. Our need for having a living trust

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Don’t forget to like, subscribe, and leave comments below as I would love your feedback. Be sure to check out my website (www.mnowithdylan.com) where you can get more information on my financial coaching services and more, the podcast of these shows if you are more of a listener than a watcher, and follow the show on any social media outlet (FB, Twitter, & Instagram) @mnowithdylan (Money’s No Object with Dylan Howell) [All links in description]. Tune in tomorrow to talk about the necessity of beneficiaries when it comes to your assets. Don’t forget to check-in every weekday (Monday-Friday) for new videos which will be uploaded each day at 6 a.m. CDT. Thank you, guys, for tuning into this episode of Money’s No Object. I’m Dylan Howell. God Bless!

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(Please keep in mind that I am not a financial advisor. I create these videos for educational purposes only. You and only you are responsible for the investment decisions that you make.)