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Do You Really Need a Trust? The Truth About Revocable and Irrevocable Trusts
Episode Summary
Attorney Daniel Bernard explores the role of trusts in estate planning, focusing on the differences between revocable and irrevocable trusts in New York and Florida. The episode explains how trusts help avoid the costly and time-consuming probate process, protect assets for long-term care through Medicaid eligibility, and address the rising care needs of the baby boomer generation. It also covers common pitfalls of DIY trusts and the importance of professional guidance to ensure effective estate planning.
Key Timestamps
00:00 - Show Introduction and Welcome
01:30 - Differences…
The skinny
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