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Listen to Johnson Brunetti's Money Wisdom with Joel Johnson CFP®, host of Better Money Television program and Forbes Contributor. Gain true financial wisdom and advice aimed at educating you about all of your financial options when it comes to retirement so you can make the best decisions for you and your family. Get information and education that can bring you peace of mind with your savings and retirement. Whether it’s your 401k account, IRA, or an underperforming asset, Joel Johnson can answer your questions and make you more aware of issues that may affect you.

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  1. All Episodes
  2. Does Everyone Need a Trust?

Does Everyone Need a Trust?

Oct 13, 2023

The question we hope to answer today is does everyone need a trust? It seems that many people confuse the purpose of a will and a trust, but they aren’t the same thing and we’ll clarify that. Plus we’ll tell you who needs a trust and what the primary purpose of using this instead of a will.

 

Here’s some of what we discuss in this episode:

  • Why you don’t need a trust to keep your assets out of probate.
  • Can you assume that a trust will help you bypass a lot of taxes you’re going to pay.
  • Common cases where a trust makes a lot of sense.
  • How would this answer differ based on the state you live in?

 

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