Trusts – Do You Need One?

Frank L. Buquicchio joined Hilary Topper on her talk show, Hilary Topper on Air.  During this podcast, Frank discusses how a Living Trust can be an invaluable planning tool. Trusts can be utilized for a myriad of reasons including avoiding probate and protecting assets from the cost of long term care. They can also be used to protect a loved one who has special needs. It is a common misconception that trusts are “for rich people”. “Rich” is, of course, a relative term, but you do not have to be financially “rich” for a trust to be helpful in your estate plan.

Frank will address the topic trusts and answer common questions such as:

• What is a living trust?
• What’s the difference between a revocable and irrevocable living trust and when should each be used?
• How do living trusts work?
• How can you determine if you need a living trust to protect a loved one with special needs?

Frank is a wealth of information and was able to direct listeners on how to best inform themselves.