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Welcome to part three of our Exploring Revocable Trusts series. In this episode, Attorney-CPA, Joe Cordell, and TuckerAllen estate planning attorney, Benjamin Zinkel delve into the concept of the trust corpus, demystifying its significance within the realm of estate planning.

In this enlightening discussion, Mr. Cordell and Mr. Zinkel provide insights on effectively defining and managing the trust corpus. Learn about key considerations such as asset transfer, protection, and growth strategies to ensure your trust’s long-term financial stability and success. Join them as they explore the fundamental elements of the trust corpus, which serves as the “body” or foundation of the trust. Discover how the trust corpus represents the property that is transferred into the trust, also known as the trust res. Gain a comprehensive understanding of the critical role the trust corpus plays in forming and validating a trust.

If you have any questions about estate planning or elder law, get in touch with an attorney at TuckerAllen.

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Join Attorney-CPA Joe Cordell and TuckerAllen estate planning attorney, Benjamin Zinkel, in part two of exploring revocable trusts. In this enlightening discussion, Mr. Cordell and Mr. Zinkel explore the intricate world of beneficiaries and the crucial aspects surrounding their role in estate planning. Discover the step-by-step process of how a trustee and beneficiary take over, gain insights into the transfer of authority and understand what actions you can take if a trustee misbehaves or fails to honor your wishes, explore the various ways to leave money for your beneficiaries and learn about effective strategies for distributing wealth among multiple children, and more.

The episode delves into the complexities of supplemental needs trusts, providing invaluable information on how to ensure financial security for children with special needs while preserving their eligibility for government benefits. Mr. Cordell and Mr. Zinkel also address disputes between beneficiaries regarding the distribution of funds, offering practical guidance on resolving conflicts and finding equitable solutions. Furthermore, they explore the fascinating concept of cascade provisions, also known as perpetuity, and its implications for passing the trust down the family line. Gain a deeper understanding of multi-generational wealth management and the potential long-term benefits it can provide.