How do Trusts protect your money?
from Family Prosperity Podcast Hosted by Family Prosperity Partners
When you start thinking about how to protect your money, one of the first things you'll hear about is trusts. Attorneys and accountants may even go straight to trying to sell you a trust. There are some things that you need to know though. Trusts are not a one size fits all thing. They are another one of those fictional people. You really can't do a trust without a little estate planning too. That was their original purpose. We'll discuss revocable trusts, self settled trusts, third party settled trusts, and even those foreign trusts. It can be confusing, but the basics will go a long way towards helping you understand where they fit in your plans. It will also help you figure out what fits best when you meet with your advisors. You can also get a copy of my asset protection book at https://http://reddenlawoffice.com/apbook/
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