260-An Introduction to Trusts in the Context of Estate Planning
Radical Personal Finance
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The Basic Elements of a Trust
There can be various types of trusts, and today's show will not delve into different types. In future financial planning shows, we will talk about them because financial planters need to know them. A simple trust is a trust that uses what we call the conduit principle for distributions of income and principle. And although we have a separ entity in terms of legal purposes, from a tax perspective, all the income gets reported on your tax return.
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