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Leave a Lasting Legacy: How to Create Your Legacy Strategy

Retirement Answer Man

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How Much Excess Capital Do We Have as a Trust Account?

From a financial tactical standpoint is doing a revocable trust which is a trust account that has passed through so if you put a million dollars into it you can take a million dollars out of it. If you decide hey I had this big windfall I'm going to create this irrevocable trust let's say for life insurance and put a lot of this big chunk of money into this trust  and then have it by life insurance to have huge payout at my death for family well as soon as you set up your revockable trust it is what it is irrevocable you can't undo that the money that goes into that you can never get back It's not your money anymore

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