Marc Cusano Shares Key Insights on Trusts and Taxes in Estate Planning Webinar
Partner Marc Cusano discussed trusts, inheritance protection, taxes, and independent trustees during the webinar, “Estate Planning Made Simple: Wills, Trusts, & More.” Marc was joined on the panel by fellow estate planning professionals who discussed will plans, power of attorney, elder care, and real estate considerations.
Marc broke down the key differences between revocable and irrevocable trusts, highlighting the strengths and use cases for each trust. Additionally, he explained how trusts can be used to protect heirs’ inherited assets from the “Killer D’s”:
- Divorce
- Disputes
- Debts
- Death taxes
- Disability benefits
- Destructive spending
Marc also covered estate, gift, and capital gains taxes, delving into how each of these taxes are impacted by trusts. He highlighted the benefits of independent trustees, revealing the large responsibility and heavy emotional burden that can be placed on a family member when they are selected as a trustee.
Watch the full webinar here. Enter M*Ea3MdF when prompted for a password.
If you have any questions about these topics, please contact Marc Cusano or any member of our firm.
Marc represents individuals and families in all aspects of estate planning, elder law, and probate administration and advises business owners in matters of corporate formation, tax planning, asset protection, and succession planning. He works to build trust with clients through patient explanation of the many nuances involved in the estate planning process in an understandable way, without the legal jargon.
