This week on Grow Money Business we answered a listener question about trusts and estate planning. Our faithful listener spoke with an attorney about estate planning recently, who recommended a living trust as part of his plan. We cover the pros and cons of a living trust and whether the recommendation is an upsell from the attorney.
Show Notes
[02.56] Article of the Week – The Wall Street Journal’s article on the recent performance of value stock versus growth stock.
[08.07] Living trusts – The legitimacy of a living trust.
[10.02] The importance – Estate planning and the importance of a living trust.
[15.38] Probate – Probate and its disadvantages.
[20.29] Revocable & irrevocable – Grant explains how a living trust is different from an irrevocable trust.
Resources
GMO: Passive Investing’s Impact Has Been Overblown, But It’s Not Negligible
Hot Funds and the Curse of ‘Self-Inflated Returns’
wsj.com/finance/investing/etf-self-inflated-returns-258e875e
Strategies For Maximizing (Or Minimizing!) Rule 72(t) Early Distribution Payments Using IRS Notice 2022-6