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Living Trust for Husband and Wife with One Child Pennsylvania  Form

Living Trust for Husband and Wife with One Child Pennsylvania Form

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hi this is Andy Sykes of Sykes elder lon Pittsburgh here to talk to you this time about using trusts in estate planning so there are two questions I want to talk about one is what is a trust and why would you want to use a trust and estate planning so to understand a trust you can think of it like a box or like this wagon here it's something that can own your assets so for example you might have a house an investment account you might have some CDs life insurance whatever it is that you have you can put it in this trust and the idea is that instead of you owning these things yourself the trust owns it as a separate legal entity all right you know you could also have a trust document that would say what happens within the trust who controls the trust who gets to benefit from the trust when and how do people benefit really a whole variety of rules so in a nutshell that's how a trust works why would you want to use one in estate planning well here are some of the many reas

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