Ask Todd: Important factors to consider when choosing an irrevocable trust

The Financial Exchange Show - A podcast by The Financial Exchange Network

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Business

Todd Lutsky, Cushing & Dolan, explains what factors go in to making a decision on creating an irrevocable trust. What are the downsides of using an irrevocable trust? How do you know if you need one trust or two? How to plan for estate taxes and a possible nursing home stay?