Dr. Camarda teamed up with “Super Lawer” John Crawford to teach the critical principals of effective family trust design and estate planning.
Watch the video class to learn why trusts are so important even for the most basic estates, and much more so for complex and valuable ones.
Not only can trusts avoid the expense, public exposure and risk of probate – which is a court proceeding – they can also help ensure that your inheritance wishes are honored, especially important in cases where one spouse dies and the other eventually remarries and you want to make sure the children are not unintentionally disinherited. They are also great for protecting the interests of kids from previous marriages.
Trusts can also be very effective asset protection tools (but see our Asset Protection class for more detail and pitfalls to avoid), and when properly designed can help avoid massive estate taxes and other inheritance perils.
We also cover wills, powers of attorney (POAs), living wills, health care surrogates and health care powers of attorney, Lady Bird deeds, and trust protectors – and often overlooked but tremendously important trust function that many trust documents lack. And we emphasize the power of generational continuing trusts, to overcome the shortcoming we’ve seen in many trusts that terminate after the parents pass on, which cancels out many important protections continuing trusts can provide.
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