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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Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States.