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This episode is for educational purposes only and is not legal advice—please consult an attorney for guidance on your specific situation.

In this episode of At Any Rate, Evan Raidt is joined by fan-favorite guest Dave Ahern for a follow-up to AAR31—because trusts are often the bigger, more protective “umbrella” when it comes to estate planning.

They break down what a trust is, how it differs from a will, what probate can look like if you pass away (or become incapacitated) without anything in place, and why this isn’t just about you—it’s about protecting the people who depend on you.

Topics Covered:

• Trust vs will: what each one does

• What probate is and why it can be a financial disaster for families

• Pros/cons of wills and trusts

• Revocable vs irrevocable trusts

• What can go wrong

Timestamps:

01:55 What is a trust vs a will?

03:58 What happens if you die or become incapacitated without either?

06:28 Probate timelines (and why it can wreck a family financially)

08:46 Pros and cons of a will

10:20 Pros and cons of a trust (and why it can be expensive/complex)

12:23 How trusts control who can access assets (and when)

16:39 Why trusts can include restrictions (age, graduation, etc.)

18:46 Revocable vs irrevocable trusts (core differences)

22:09 Banks can’t give legal advice—start with an attorney

27:50 What can go wrong with a trust (be specific + choose trustees carefully)

Resources Mentioned

The Value Spotlight Newsletter: https://einvestingforbeginners.com/value-spotlight-newsletter/

Free monthly budgeting spreadsheet: https://einvestingforbeginners.com/budget/

Email Evan: evan@einvestingforbeginners.com

Have questions or want your story featured? Email the show at newsletter@einvestingforbeginners.com or comment below. Your feedback shapes the podcast!

Remember, financial freedom is built one smart move at a time. Keep it simple, keep it steady, and at any rate, we’ll see you next time.

Timestamps are generated by artificial intelligence, and are not 100% accurate depending on the platform used for listening.

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