Estate Planning Bootcamp: Revocable Trusts

Welcome back to the Wealth and Law Estate Planning Bootcamp! In this series of five episodes, Brent is joined by guests to discuss the basics of estate planning.

In this episode, Deborah Plum chats with Brent about the revocable trusts. She answers the what, how, and why questions relating to these prevalent estate planning tools. Deborah and Brent also discuss practical aspects of revocable trusts and when they are appropriate.

You will learn:

What is a revocable trust?

What is a Trustee?

What is a beneficiary?

How do revocable trusts work?

What are the benefits of revocable trusts?

When do I need a revocable trust?

How are revocable trusts taxed?

Why are revocable trusts used in estate planning?

Deborah is an experienced trusts and estates associate at Rimon, P.C., with a background in corporate tax.  Deborah has extensive knowledge of charitable foundations and not-for-profit organizations.  Prior to joining Rimon, Deborah worked as a tax associate at Simpson Thacher & Bartlett LLP, where she worked on matters involving private equity funds, Real Estate Investment Trusts (REITs), and other investment vehicles, in the context of mergers and acquisitions (M&A) and tax-free reorganizations.   After gaining additional experience in tax controversy while working at Kostelanetz & Fink LLP, Deborah joined the trusts and estates group at Patterson Belknap Webb & Tyler LLP.  In shifting her focus to individual and family business tax planning, Deborah has advised clients on a variety of estate and gift tax questions, charitable endeavors, and succession planning. You can contact her here: https://www.rimonlaw.com/team/deborah-plum/.

If you are enjoying the podcast please SUBSCRIBE and leave a REVIEW, and if you want to learn more about Brent go to https://wealthandlaw.com/team/.

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