What Is a Trust?

What is a trust, and why do so many families use them in estate planning? In this YSR FAQ episode, Dennis explains the basics of revocable living trusts and how they help simplify estate settlement while avoiding probate. This conversation covers how trusts are structured, how assets are transferred into a trust, and why many people use trusts to help manage property, investment accounts, and inheritance instructions. Dennis also explains the difference between trustees and executors, as well as common mistakes people make after setting up a trust, including forgetting to properly retitle assets. If you’ve ever wondered whether a trust might make sense for your family or what actually happens when property is placed inside one, this episode provides a practical overview in plain language. Key takeaways: What a revocable living trust is How trusts help avoid probate Why assets must be retitled correctly The role of a trustee And more! Connect with Dennis O’Keefe: Successful Money Strategies, Inc [email protected] (508) 730-2300 LinkedIn: Dennis O’Keefe LinkedIn: Successful Money Strategies, Inc Facebook: Successful Money Strategies, Inc Instagram: Successful Money Strategies, Inc YouTube: Your Successful Retirement Podcast All content presented is for educational purposes only and should not be construed as an endorsement of any third party, or as a solicitation or offer to sell securities or provide investment, tax, legal, or consulting services, and should not be acted upon without obtaining specific advice from a qualified professional. We believe the information presented to be reliable, but it is not guaranteed as to its accuracy or completeness. All examples are hypothetical and for illustrative purposes only. Any opinions or statements by third parties are their own and may not be representative of the experience of others or indicative of future investment performance or success. No compensation has been exchanged for any testimonials, endorsements, and/or recognitions.