Matt rejoins the podcast to talk about a first step toward estate planning: trusts. That may sound wonky or boring, but stay with us – not only do we make it geopolitical, we make it philosophical, interesting, and relevant. Come for the intersection of politics and planning, but stay for the important points about privacy at the end as well.

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Timestamps:

(00:00) - Intro

(00:28) - Overview of Trusts and Geopolitical Context

(02:59) - Historical Origins of Trusts

(10:09) - Modern Trust Structures and Legal Nuances

(15:33) - Revocable vs. Irrevocable Trusts

(19:08) - Categories and Types of Trusts

(29:12) - Understanding Revocable Trusts

(29:34) - The Role of Trustees and Asset Protection

(29:53) - Privatizing Decision Making with Trusts

(30:41) - Irrevocable Trusts and Third-Party Trustees

(32:31) - Who Needs a Revocable Living Trust?

(33:38) - The Probate Process and Intestate Succession

(35:32) - The Importance of Structured Estate Planning

(38:16) - Advanced Estate Planning Strategies

(41:13) - Demographics and Estate Planning

(52:00) - The Impact of the Corporate Transparency Act

(54:38) - The Importance of Privacy in Estate Planning

(59:10) - Concluding Thoughts and Final Advice

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Referenced in the Show:

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Jacob Shapiro Site: jacobshapiro.com

Jacob Twitter: x.com/JacobShap

CI Site: cognitive.investments

Subscribe to the Newsletter: bit.ly/weekly-sitrep

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Cognitive Investments is an investment advisory firm, founded in 2019 that provides clients with a nuanced array of financial planning, investment advisory and wealth management services. We aim to grow both our clients’ material wealth (i.e. their existing financial assets) and their human wealth (i.e. their ability to make good strategic decisions for their business, family, and career).

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Disclaimer: Cognitive Investments LLC (“Cognitive Investments”) is a registered investment advisor. Advisory services are only offered to clients or prospective clients where Cognitive Investments and its representatives are properly licensed or exempt from licensure.

The information provided is for educational and informational purposes only and does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. You should consult your attorney or tax advisor

#219 - How The Crusades Created Trusts as We Know Them