Do I Really Need a Trust? Weighing the Pros and Cons

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.