2023 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 Plum is an associate in the private client and tax team of Withers.

Deborah’s practice is focused on advising individuals, families and their businesses in respect to succession and estate planning, family office and business structuring and cross-border tax planning. She is experienced in issues relating to gifting transactions and charitable endeavors, estate taxes and corporate planning for clients in New York, Arizona, California and abroad. Deborah also has extensive knowledge of charitable foundations and not-for-profit organizations.  

Prior to joining Withers, Deborah practiced as a trusts and estates planning lawyer with a global full-service firm in New York and Arizona and as a corporate tax lawyer for an international law firm in New York, where she advised on matters involving private equity funds, real estate investment trusts (REITs), and other investment vehicles in the context of mergers and acquisitions and tax-free reorganizations. She is admitted to practice law in both Arizona and New York. 

While not practicing law, Deborah works as the CEO of BaseCamp for Veterans, Inc. (“BCI”).  BCI is a 501(c)(3) non-profit organization serving veterans and their families that Deborah co-founded in 2018. BCI offers the veteran community a variety of reintegration services, with a particular focus on equine therapy with wild horses that have had little to no human contact.

Deborah can be found here: https://www.withersworldwide.com/en-gb/people/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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