The Banyan Collective

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Through The Pines Ep. 16 - Estate Planning and Trusts Part 2: Types of Trusts and Why You Need One

May 17th, 2022

Welcome to a Financial Planning Podcast with a down to earth vibe Sasquatch would ride with you on a bicycle built for you, this is Through the Pines…

Estate Planning and Trusts Part 2 - Types of Trusts and Why You Need One

Our financial wizards this week include Rex Baxter, Brandyn Smith, and Dan Nelsen & Bryce Froerer

SNOW NOTES:

Estate Planning: Part 2

  • Types of Trusts: Asset Protection Trust / Businesses (LLC, S-Corp, etc.) 
  • Funding Trusts
  • Special Needs
  • What is Medicaid and how does it differ from Medicare
  • How do you qualify for Medicaid
    • How can trusts help with this qualification?
  • Asset Protection Trusts
  • How does this protect my assets?
  • I Own a business or Rental Property, how do I coordinate my business ownership with my estate plan?
  • What are some common provisions that people include in a trust like this?

 

SMORE NUMBERS

 

  • Special Needs Trust
  • Can you describe some clients where this trust may be appropriate for?
  • How does this protect my assets from Medicaid
  • I Own a business or rental property, how do I coordinate my business ownership with my estate plan?
  • What are some common provisions that people include in a trust like this?
  • TCRAT, GRAT, CRAT, CLAT…. Oh MY!!!

 

Contact Info: planwithbaxter.com

 

Through the Pines  -  Reminding you to use Yesterday’s Dollars to Finance Tomorrow’s Dreams

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