Mar 23, 2020
Today's Ask Pancham show is a special one as we have Gurwinder Singh as a guest on this show. Gurwinder Singh, a former JP Morgan and Goldman Sachs employee is now a full-time real estate developer.
Gurwinder tuned in to show #18 and show #19 with Kevin Day, and has some pertinent questions about living trusts and irrevocable trusts. If you are looking for some nuanced asset protection tips, this show will surely interest you. Tune in now!
Timestamped Shownotes:
- 00:57 - Pancham welcomes Gurwinder to the show
- 03:06 - What is the difference between living trust and irrevocable trust?
- 04:36 - Which assets should you house in your living trust and your irrevocable trust?
- 05:48 - Should you rely on insurance for asset protection? Or is living trust or irrevocable trust a better option?
- 07:25 - How do you protect the equity in your house? Pancham explains the concept of equity stripping
3 Key Points:
- Difference between living trusts and irrevocable trusts
- Is insurance a good option for asset protection?
- Using equity stripping to protect your home equity
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