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Joint Trust vs. Separate Trusts – Which is Right for Married Couples?

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Manage episode 469960893 series 2608961
Content provided by Nick Rosenbauer. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Nick Rosenbauer or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

One of the biggest decisions a married couple faces when setting up an estate plan is whether to create a joint trust or separate trusts. The right choice depends on several factors, including how they manage their finances, asset ownership, and estate planning goals. In this episode, we’ll break down the pros and cons of each option and discuss when a joint trust makes sense versus when separate trusts are the better choice.

A joint trust can be ideal for couples with shared finances and assets, simplifying estate management. On the other hand, separate trusts offer more flexibility and protection, particularly for couples with different financial situations, blended families, or distinct estate goals. We’ll break down the key scenarios for each choice and provide insight into how your specific needs can influence the right decision.

Here’s what we discuss in this episode:

0:00 – Intro

0:39 – Show update

4:37 – Joint trust

7:17 – Separate trust

11:25 – What do clients choose?

13:31 – Can you change after?

16:57 – Key takeaways

💻Our website: https://cincinnatiestateplan.com/

☎️Phone: 513-463-6789

📱Contact our team: [email protected]

⏰Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/

🗓Join us for our next workshop: https://cincinnatiestateplan.com/workshops/

📚Check out our free resources here: https://cincinnatiestateplan.com/free-resources/

Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA

Facebook: https://www.facebook.com/CincinnatiEstatePlan/

LinkedIn: https://www.linkedin.com/company/rosenbauer-law-office-llc/

  continue reading

133 episodes

Artwork
iconShare
 
Manage episode 469960893 series 2608961
Content provided by Nick Rosenbauer. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Nick Rosenbauer or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

One of the biggest decisions a married couple faces when setting up an estate plan is whether to create a joint trust or separate trusts. The right choice depends on several factors, including how they manage their finances, asset ownership, and estate planning goals. In this episode, we’ll break down the pros and cons of each option and discuss when a joint trust makes sense versus when separate trusts are the better choice.

A joint trust can be ideal for couples with shared finances and assets, simplifying estate management. On the other hand, separate trusts offer more flexibility and protection, particularly for couples with different financial situations, blended families, or distinct estate goals. We’ll break down the key scenarios for each choice and provide insight into how your specific needs can influence the right decision.

Here’s what we discuss in this episode:

0:00 – Intro

0:39 – Show update

4:37 – Joint trust

7:17 – Separate trust

11:25 – What do clients choose?

13:31 – Can you change after?

16:57 – Key takeaways

💻Our website: https://cincinnatiestateplan.com/

☎️Phone: 513-463-6789

📱Contact our team: [email protected]

⏰Schedule your no-cost consultation: https://cincinnatiestateplan.com/contact/

🗓Join us for our next workshop: https://cincinnatiestateplan.com/workshops/

📚Check out our free resources here: https://cincinnatiestateplan.com/free-resources/

Check us out on YouTube: https://www.youtube.com/channel/UCf3WXpR0a-tMvimbMT_lkMA

Facebook: https://www.facebook.com/CincinnatiEstatePlan/

LinkedIn: https://www.linkedin.com/company/rosenbauer-law-office-llc/

  continue reading

133 episodes

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