
 Economics Matters with Laurence Kotlikoff
 Economics Matters with Laurence Kotlikoff Everything You Need to Know About Trusts With Alan Glassman
 Jun 12, 2025 
 Alan Gassman, an esteemed estate attorney and founder of Gassman Law Associates, dives into the world of estate planning. He emphasizes the urgent need for proper planning to ensure your assets are distributed according to your wishes. The discussion covers the intricacies of irrevocable vs. revocable trusts and the essential role of estate planning software. Gassman shares insights on retirement preparedness, the challenges beneficiaries face with trusts, and the importance of professional guidance in managing estate taxes. Don't procrastinate; your legacy deserves attention! 
 AI Snips 
 Chapters 
 Books 
 Transcript 
 Episode notes 
Use Software For Estate Planning
- Run detailed numbers for estate tax planning rather than guessing.
- Use software like EstateView to understand impacts of multiple estate strategies together.
Use Trusts To Protect Estates
- Consider using trusts for surviving spouses to protect assets from creditors or remarriage risks.
- Trusts can control distributions to beneficiaries, protecting inheritance from poor financial decisions.
Revocable vs Irrevocable Trusts
- Revocable trusts avoid probate but do not avoid estate taxes or creditor claims.
- Irrevocable trusts avoid estate taxation but usually forgo step-up in basis benefits.





