VIDEO: Understanding Trusts
by Leah Woodly
In this video, we break down everything you need to know about trusts and how they can be a powerful tool in your financial planning! Whether you're looking to protect your assets, plan for your loved ones, or reduce estate taxes, trusts offer flexibility and security for your financial future.
We cover:
- What a trust is and how it works
- The key differences between revocable and irrevocable trusts
- Why you should consider setting up a trust (asset protection, avoiding probate, special needs planning, and more!)
- Steps to set up a trust
This material is intended for educational purposes only. You should always consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns. Past performance does not guarantee future performance. Future returns may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions, and security positions, when sold, may be worth less or more than their original cost. Dorval & Chorne Financial Advisors is a registered investment adviser with the SEC. Registration of an investment adviser does not imply a certain level of skill or training.