Understanding Trusts and How They Fit Into Your Estate Planning Decisions

Today, Randy Gunn, BULLWEALTH’s VP & Portfolio Manager, speaks with Nathan Wright, Managing Partner at Spectrum Tax & Estate Planning. Their discussion begins with an overview of what a trust is and the various types of trusts available. Then they explore the tax savings and tax deferral opportunities, which depend on when the trust is established and the individual's proximity to the assets. Finally, Nathan dives into the tax implications of transferring assets into or out of a trust. As you can imagine, Randy and Nathan’s conversation is both thoughtful and insightful, offering valuable guidance for those navigating trust and estate planning decisions.