The 411 on Trust Funds

Sunday, June 11, 2017 – Wealth Strategy with Bryan Rigg, Your Wealth Professor
Listen In Every Week: Saturday on WRR from 7:00-8:00 am / Sundays on 570 KLIF

 A trust fund is a vehicle you can use during your life. You can do an irrevocable trust. Then it’s solid. It’s active, once you fund it. Or you can have a revocable or a trust you fund on your death. This trust, then, will benefit either a foundation or benefit your heirs, your children, your grandchildren, nieces or nephews, whoever you earmark for it. One of the most important things about a trust is that it bypasses probate. If you set up a trust it’s not disclosed. If you’re worried about people knowing where a certain amount of assets are going to go later on, if you have it in your will it will be probated and it will be a public record. Everybody will be able to see it.

If you do it in a trust, it bypasses probate. It’s sealed. Nobody knows who’s getting what and how much is in there.



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