Life Money Balance® Podcast

Why High-Income Families NEED These 3 Trusts

Dr. Preston Cherry

In this episode, Dr. Preston Cherry breaks down estate planning trusts and why they matter for high-income and high-net-worth folks—not just the uber-wealthy. He explains three key types: Revocable Living Trusts, Irrevocable Life Insurance Trusts, and Charitable Remainder Trusts, showing how they help protect assets, reduce taxes, and ensure your wishes are honored.

Key Points:
• Avoid probate hassles
• Stay in control (Revocable Trusts)
• Reduce estate taxes (Irrevocable Trusts)
• Support charities & save (Charitable Trusts)
• Ensure asset protection

Want to learn more? Connect with us below!

Stay informed and inspired! Join our FREE wealth & well-being newsletter

Do you want confidence & clarity? Check out our award-winning wealth advice services

Grab Your Copy of Dr. Cherry's book ‘Wealth In The Key of Life’

Information on the Life Money Balance Podcast is for educational purposes only, not financial advice. Review our disclosures: https://www.concurrentfp.com/disclosures/