3min chapter

The Fort - An Entrepreneurship Podcast cover image

#292 - Ryan Heath - Founding Attorney @ Baker Heath, PLLC - Estate Planning 101

The Fort - An Entrepreneurship Podcast

CHAPTER

The Importance of Having an Irrevocable Trust

Gigi's parents set up an irrevocable trust for her. They invested the funds in hard money loans out of New Jersey and New York. The game plan is that it's going to be invested and reinvested until she gets 18, 20 years old. She'll have a nice nest egg protected from spouses and creditors.

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