Why do I need a living trust?  In the first of a two-part series, our guest is Shad Brown.  Shad is an estate planning attorney who used to work for the IRS, answering correspondence from members of Congress.  And if he can explain taxes to them, we know he can explain them to us.

Shad explains the benefits of a trust.  First and foremost, it can eliminate the need for probate hearings upon your death.  If your estate and possessions are owned by a trust, not a deceased person, it can be distributing according to your wishes. A trust is a legal entity, like a corporation.  Further, you can control what happens to your wealth -and when - after you've passed. This can be especially useful in situations involving minor children or others who will need help managing money and assets.

A will can be used to cover specific items that you haven't put in a trust - Shad explains how these two concepts can work together.

Since Shad worked in Washington, D.C. for a number of years, Kevin has him cover the outlook for our financial futures.  The media have made a lot out of future tax plans, but who really needs to be concerned -and to what degree?  Estate tax exemptions are explained.

More info:

Shad Brown, The Law Firm of Brown and Jensen

https://www.bncjlaw.com/

sbrown@bncjlaw.com

(480) 447-7107

Kevin Dick, KDI Wealth Management

https://www.kdiwealth.com/

kevin@kdiwealth.com

(928) 474-4350