When celebrities with trusts pass away, we may never learn the full details of their estates. And that’s largely the point. But the benefits of using a trust don’t stop at privacy.
In this episode, David Lenok, senior editor at WealthManagement.com, speaks with Geoff Madsen, CEO and chairman of Independent Trust Company. They discuss the benefits of using trusts in your estate planning package, weaving in the examples of Anthony Bourdain, Aretha Franklin and others to illustrate their points.
In this episode, you will learn:
- What a trust is and how you can benefit from one
- How probates affect families and estates
- The importance of choosing the right trustee
- How a financial advisor should look at trusts
- And more!
Tune in now to learn about the basics of incorporating a trust into your estate plan.