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Lessons from celebrity-estate planning cases for advisors.

Dead Celebrity Podcast: Anthony Bourdain, Aretha Franklin and the Basics of TrustsDead Celebrity Podcast: Anthony Bourdain, Aretha Franklin and the Basics of Trusts

In this episode, David Lenok and Geoff Madsen discuss the benefits of using trusts in estate planning.

David H. Lenok, Senior Editor

October 7, 2019

 

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When celebrities with trusts pass away, we may never learn the full details of their estates. And that’s largely the point. But the benefits of using a trust don’t stop at privacy.

In this episode, Senior Editor David Lenok speaks with Geoff Madsen, CEO and chairman of Independent Trust Company. They discuss the benefits of using trusts in your estate planning package, weaving in the examples of Anthony Bourdain, Aretha Franklin and others to illustrate their points.

In this episode, you will learn:

  • What a trust is and how you can benefit from one

  • How probates affect families and estates

  • The importance of choosing the right trustee

  • How a financial advisor should look at trusts

Tune in now to learn about the basics of incorporating a trust into your estate plan.

Listen to the podcast

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The Dead Celebrity podcast is available on Apple PodcastsAndroidStitcher and wherever podcasts are found. 

About the Author

David H. Lenok

Senior Editor

David Lenok is a senior editor for Wealthmanagement.com and Trusts & Estates. He's an attorney admitted to practice in New York and writes about general wealth planning issues.