Key Points of Estate Planning – Life’s Third Act

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Attorney-CPA Joe Cordell and co-host Jill Enders chat with TuckerAllen estate planning attorney Nina Windsor about key points of estate planning to consider when planning for life’s final chapter. 

Ms. Windsor discusses how to take inventory of your assets; the differences between a will, revocable trust, and irrevocable trust and how she determines which of the three is a good fit for a client; how a durable financial power of attorney and limited power of attorney work; the tax requirements of revocable and irrevocable trusts and why a revocable trust provides a degree of flexibility and customization for grantors; whether the grantor of a revocable trust can avoid taxes; whether a charity can be listed as a beneficiary to a trust and whether that provides any tax benefit; whether beneficiaries of trusts pay taxes on inheritances; the difference between a charitable lead trust and a charitable remainder trust; the purpose of a medical power of attorney; and more. 

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

Click: https://tuckerallen.com/ 
Call: 314-335-1100