"All you need is a simple will"
"Trusts are for rich people"
"Irrevocable trusts are no good"
"You should just pay your own way"
All of these pieces of advice are given by accountants, financial advisors and lawyers. All of them may be absolutely terrible advice. So why are these falsehoods being spread? Sometimes the advisor really doesn't know. Sometimes the lawyer has biases. Some times the accountant is making incorrect assumptions. Sometimes they just simply give bad advice.
How do you know what is right for you? Ask the advisor how they work with you to ascertain your goals. Far too often, professionals give advice before truly digging deep enough to uncover the real goals.
Listen to this episode to learn how to sift through all the "stuff" to find the gold.