Episode Summary:
In this episode of Estate Blueprint, host Kevin Rosenquist and estate planning attorney Tom Begley discuss the pros and cons of living trusts. They explore common misconceptions, when trusts are necessary, and how to determine if you really need one. Tom provides valuable insights on different types of trusts and common mistakes people make in trust planning.
Key Timestamps:
00:07 - Introduction and episode topic
00:45 - Explanation of what a living trust is
03:12 - When living trusts make sense (out-of-state property)
06:53 - Downsides of using trusts
08:19 - Common mistakes with trusts
12:32 - Why people misunderstand trusts
14:43 - Professional advice on estate planning
About The Show:
The Estate Blueprint with Tom Begley is a podcast where clarity meets compassion in estate planning. Each episode breaks down essential topics about wills, trusts, long-term care, and legacy protection to help listeners make informed decisions about their estate planning needs.
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