In this episode of “Your Telecom Retirement,” we explore the world of trusts, specifically revocable living trusts, and their role in estate planning. We start by debunking common misconceptions about trusts, highlighting their importance for the wealthy and anyone seeking to simplify their estate planning. We also discuss the role of trusts in managing assets and the potential pitfalls of not having one. What You’ll Discover: [00:01] An introduction to trusts, the misunderstood tools of estate planning [02:15] The truth about living trusts: Are they just will substitutes? [03:08] How trusts can simplify the distribution of assets like bank accounts, brokerage accounts, and real estate [09:28] The relationship between you and your trust during your lifetime [14:18] The process of dividing and distributing assets through a trust [15:05] A personal story about the simplicity of using a trust [18:26] The benefits of investing in a trust now for the future benefit of your children [19:11] What living trusts can’t do: They provide zero Medicaid nursing home protection Join us in this episode as we demystify trusts and show you how they can be your financial guardians! You can download a free digital copy of Dennis’ book “Retirement Built Right – The Essential Guide for Telephone Employees!” here: https://theverizonguy.pages.ontraport.net/ebookoptin ABOUT THE SHOWTap into Dennis O’Keefe’s 30+ years of experience helping telecom employees maximize their company-specific benefits packages for situations including early retirement, buyout offers, career changes and more! Featuring actionable, practical how-to advice along with stories of REAL telecom employees Dennis has helped navigate through every benefits situation imaginable, each episode of “Your Telecom Retirement” focuses on how to maximize the money you take out of your time working for telecom. Dennis’ expertise has been featured by Business Insider, The Boston Globe and Yahoo! Finance. Connect with Dennis on LinkedIn: https://www.linkedin.com/in/dennisokeefe-/ Visit Dennis’ website: https://www.successfulmoney.com/