Aug 19, 2019
In episode 183 of Financially Simple, Justin gives an introductory overview of the types of Legal Trusts available.
A Trust can be used for various reasons to safeguard your wealth, and to protect your dependents. Justin goes over the nine types of Trust, what they are and how they can work for your benefit.
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00:53 - The 9 Basic Types of Trusts
01:51 - What is a Trust?
03:08 - The 9 Types
03:41 - Revocable Trusts
05:00 - Irrevocable Trusts
06:08 - Asset Protection Trusts
08:45 - Charitable Trusts
09:50 - Constructive Trusts
11:34 - Special Needs Trusts
12:25 - Spendthrift Trusts
14:15 - Tax By-Pass Trusts
14:47 - Totten Trusts
16:02 - Summary
17:30 - Wrap Up
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Justin A. Goodbread, CFP®, CEPA,
CVGA, is a nationally recognized financial planner, business
educator, wealth manager, author, speaker, and entrepreneur. He has
20+ years of experience teaching small business owners how to
start, buy, grow, and sell businesses. He is a multi-year recipient
of the Investopedia Top 100 Advisor and 2018 Exit Planning
Institute’s Exit Planner Leader of the Year.
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