In this video, you'll learn all the estate planning basics. Find out what a trust is and how it differs from a will. Learn what a beneficiary, fiduciary, and successor trustee is. You'll also learn about the different types of trusts including: revocable living trust, special needs trust, dynasty trust, bypass trust, irrevocable life insurance trust, and a certificate of trust. We'll break down the probate process which can sometimes be really confusing. Plus, we'll go over the taxes involved in estate planning.

Timestamp:
00:00 Welcome
0:52 Trust
3:02 Special Needs Trust
3:48 Irrevocable Life Insurance Trust
4:31 Will
6:46 Taxes
10:40 More about Estate Planning

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