The Taxation of Trusts with Michael Menninger, CFP

On this week’s episode of Financial Planning: Explained, host Michael Menninger, CFP discusses a topic long overdue on the show, the Taxation of Trusts. Trusts are used as a very important tool for estate planning, and are commonly used to help effectively transfer wealth to the next generation. In this episode, Mike details Revocable vs. Irrevocable trusts and investing in a trust. He also gives illustrative examples of taxable income estimates via the different tax brackets, and explains the importance of tax planning strategies when investing trust assets. For more information on Menninger & Associates Financial Planning visit https://maaplanning.com