Types of Trusts - Which Option is Right For You?

For a solid estate plan, you have to know the different types of trusts available. This video discusses many types of trusts including revocable trusts, 1st party special needs trusts, dynasty trusts, and more. Watch to see which trust is the best fit for you.

00:00 Welcome
00:29 What Trust is
1:15 Revocable Living Trust
2:50 Special Needs Trust
3:57 1st Party Special Needs Trust
5:06 Dynasty Trust
7:57 Crummey Trust
9:39 Irrevocable Life Insurance Trust
11:23 Charitable Remainder Trust
12:50 Personal Residence Trust


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#typesoftrust #estateplan #specialneedstrust

[adpak]

Thanks for the information. Very helpful video.

[BenitaAndersen-tz]

I have a question about the sophistication trust explain to me how the social security office can give us a social security number and on the back of it has red letters on it in which it’s a card credit when we was born, but we do not know nothing about it until we look up information and find out we actually worth millions and millions of dollars because we withdraw this money from there because the red letter is like a credit card on the back of our Social Security card but the government don’t tell us about this and it’s a lot of people didn’t find out about this, but I’m asking you could you answer this question we have to do with the Social Security office and letters for the back of the Social Security code and they supposed to release that money, right?

[myappleid]

One child will be responsible for their disabled sibling.. what kind of trust??

[lunaamore]

Madam I wish I could contact you and talk to you directly about my Concerns regarding my special needs trust.

[keithstewart]

Im 60 yo & receive SSI. My healthy 86 yo mum decided that my older sibling should be the executor of my trust fund inheritance upon her passing. Ive been bullied by my Narcissistic FAMILY since birth. My SIBLING & i are estranged from eachother, change unlikely. His wife is a highly accomplished lawyer who dislikes me as much as i her. Im not disabled nor does ANYONE other than me manage my financial affairs. Do i need a special needs inheritance or can it be a regular inheritance identical to my sibling?

[jackiemansfield]

What doc do I need to protect my house from my new husband’s adult offsprings, as my desire is to donate it to an Animal charity? Husband wants to live in the house until he dies.