Growing up my family had very little money, so just having a little bit of savings in a bank account, even if briefly, felt like we were "rich" for the moment. Then there were concepts that were completely foreign to me.... a trust being one of them. I really didn't understand the use, the value and benefit of them until recently, and Sally Gimon explains irrevocable trusts in depth in this interview. A trust is no longer just for the uber-wealthy.... lots of people are taking advantage of the tax and legal benefits of a trust, and Sally tells us how it has enabled her real estate business to become even more successful.
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