How does a trust work and is it really possible that it could keep you from losing up to (and potentially over) half of your retirement legacy? With upcoming major federal estate tax changes plus five other potential situations you may not have considered, understanding what a trust is and how it can safeguard your family’s future is more important than ever when planning retirement. Join 15+ year seasoned CFP®, CPWA®, CTS® Troy Sharpe as he breaks down exactly what you need to know so that you can decide if a trust is the right route for you to safeguard the wealth you’ve spent a lifetime accumulating.

🏃🏻 Jump right in:

00:48 Two Main Kinds of Retirement Trusts and How They Work
02:21 How Does the Climbing National Debt Impact My Retirement?
03:58 A Critical Change to Estate Taxation Law Coming in 2026
04:20 Reason 1: Losing Money by Exceeding the Estate Tax Threshold
05:34 Reason 2: Keeping Wealth Private (and Safe) from Probate
06:26 Reason 3: Loss Protection from Future Ex-spouses or Creditors
07:25 Reason 4: Creating Boundaries For Your Heirs
08:08 Reason 5: Bridging Creditor Protection Gap with Inherited IRA and 401k’s
09:00 The SECURE 2.0 Act of 2022 and How Incorrect Language Could Cost You Hundreds of Thousands of Dollars
09:35 Reason 6: Avoiding Double Taxation with the Generation-Skipping Transfer Tax
10:42 Administrative Considerations to Avoid Costly Mistakes
11:17 If you have a Net Worth of $5 Million or More, Do This

#estateplanning #retirementtrust #safeguardyourwealth

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🍿 Learn more about Estate Planning in this video:    • Step 5 of Retirement Success Plan: Es...  

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Disclaimer:
This video discusses fixed-income investing and utilizes the 10-year U.S. treasury as a general representative fixed-income investment. Conclusions reached, opinions stated, and downside risks and potential returns presented should not be construed as applying to other types of bonds or fixed-income assets. Other types of fixed-income products carry different levels of risk and return potential and should be evaluated as an element of a diversified portfolio with your specific risk tolerance, investment objectives, and timeline in mind. Nothing in this video is investment advice, an investment recommendation, or an offer to buy or sell any security. Investing involves risk.