Course Details

931: Do Only the Rich Have Trusts? Key Strategies Using Trusts in Your Estate Plan

July 13-14
11:45 AM - 1:15 PM

Trusts are not just for the wealthy; trusts can handle any estate more efficiently than relying on a last will and testament alone. What is the difference between revocable and irrevocable trusts? Can trusts protect an estate against the costs of probate, state and federal estate taxes, creditor claims, and lawsuits? Do trusts protect you financially should you ever need nursing home care in the future? How do trusts impact wills, powers of attorney, real estate, investments, retirement accounts, and other assets? How does the field of elder law impact the use of trusts? This course surveys the basics of implementing trusts and the new planning opportunities trusts can provide you in your own estate plan. OLLI does not permit solicitation, marketing, or selling of financial products as part of this study group, and does not endorse particular products or financial advice from SGLs.

Class Type: Lecture and Discussion

Class Format: Online

Hours of Reading: No reading

Study Group Leader(s):

John Burton

John S. Burton, Esq. practices in the areas of estate planning, asset protection, business, and elder law. He is a Certified Estate Planner (CEP) and a Trust and Estate Practitioner (TEP). John is admitted to practice law in the Commonwealth of Virginia, US Federal Courts within the 4th Circuit, and the US Tax Court.