Financial Decoder™

Which trust may be right for you?
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Each episode of Financial Decoder looks closely at one financial decision—and the biases that might cloud your clients’ judgment and cost them money.

Host Mark Riepe, head of the Schwab Center for Financial Research, decodes the behavioral and psychological factors at play and shares strategies designed to help improve the way investors approach financial crossroads.

Featured episode: "Which trust may be right for you?"

There are many advantages to having a trust in addition to a will, but is a trust right for you?

Many people do not enjoy the process of thinking through what happens to their assets after they pass away. But the decisions to be made are a crucial part of estate planning. Life can be complicated, and there are many advantages to having a trust in place. But the jargon surrounding trusts can be overwhelming. How can you determine which trust is right for your particular situation?

In this episode, Mark talks with Austin Jarvis. Austin is a director of estate, trust, and high-net-worth tax advice at the Schwab Center for Financial Research. He’s worked as an advanced-planning attorney and in the estate and gift tax section of the Internal Revenue Service.

They discuss how a variety of different trusts work, including the SLAT, ILIT, special-needs trust, credit shelter trust, and the most common type—the revocable living trust.

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