In the next webinar in our Estate Planning 101 series, wealth preservation attorney Whitney Patience O’Reilly will discuss the basics of trusts. She will review the differences between revocable and irrevocable trusts and when each should be used, the various types of trusts (including first-party versus third-party trusts), and distribution standards. Conversation will touch on the importance of beneficiaries and considerations to keep in mind when selecting both primary and contingent beneficiaries. Attendees will also have the opportunity to review an actual trust and the process of creating such a trust to further their understanding of key provisions.