OUR SUPPORT TEAM

Mention Dakotah as a reference when reaching out. The following are NOT employees of Dakotah Rogers Coaching LLC, but trusted friends, business partners, and collaborators of said entity:

CEDRIC BROWN – TRUSTUP

TRUSTUP PRESIDENT & BUSINESS PARTNER

KIM COOKS, ESQ.

LICENSED FAMILY LAW ATTORNEY & JUDGE

Dakotah Rogers

SMALL BUSINESS PROCESSING

dakotah@dakotahrogers.com

chardamanagement@gmail.com

EDWARD GARCIA – BLACK BELT LIFE COACH

INDIVIDUAL AND COUPLE STRENGTHENING

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PAM TURNER, MSA – ABOVE ONLY ENTERPRISE

CPA & LIFE INSURANCE AGENT

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RICO & NINO – NEW REALITY WEALTH GROUP

BUSINESS STRUCTURE AND FUNDING

Nino@nrwealthgroup.com

rico@nrwealthgroup.com

D’SHON ROGERS

AUTO BROKER

Info@drwsolution.com

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90 DAY TAX FREEDOM MAPPING SESSION

TRUST FAQ

What is a trust, and why would I need one?

A trust is a legal arrangement where a trustee holds and manages assets on behalf of beneficiaries. You might need a trust for various reasons, such as asset protection, estate planning, minimizing taxes, and controlling the distribution of wealth.

How does a trust differ from a will?

While a will takes effect upon your death, a trust can be established during your lifetime and allows for the management and distribution of assets both during your lifetime and after your passing. Trusts also offer benefits like privacy, potential tax advantages, and avoiding probate.

What are the different types of trusts available?

There are various types of trusts, including revocable living trusts, irrevocable trusts, special needs trusts, charitable trusts, and more. Each type serves specific purposes based on your goals and objectives.

Can a trust help protect my assets from creditors?

Yes, a properly structured trust can provide asset protection from creditors. By placing assets in an irrevocable trust, they can be shielded from potential creditor claims, lawsuits, or other financial obligations.

How can a trust help with estate planning?

Trusts play a vital role in estate planning by allowing for the orderly transfer of assets to beneficiaries, minimizing estate taxes, avoiding probate, and providing ongoing financial management for beneficiaries.

Who should I choose as my trustee?

The trustee should be someone trustworthy and competent in managing trust assets. Consider professional trustees, family members, or corporate trustees depending on the complexity of the trust and the expertise required.

Are there tax advantages to having a trust?

Yes, depending on the type of trust and its purpose, there can be tax advantages such as reducing estate taxes, minimizing capital gains taxes, and providing income tax planning opportunities. Consult with tax professionals to understand the specific tax implications.

Can I change or revoke a trust once it's established?

It depends on the type of trust. A revocable trust allows for modifications or revocation by the grantor during their lifetime. An irrevocable trust, once established, is typically more difficult to change or revoke without the consent of the beneficiaries.

How do I fund a trust?

Funding a trust involves transferring assets into the trust, which can include cash, investments, real estate, or other valuable property. It's important to work with an attorney or financial advisor to ensure proper documentation and legal formalities.

Do I still need a will if I have a trust?

While a trust can address many aspects of estate planning, it's often recommended to have a pour-over will alongside a trust. The will serves as a safety net to transfer any assets not titled in the trust's name and allows them to "pour over" into the trust upon your passing.

OUR SUPPORT TEAM

OUR SUPPORT TEAM

CEDRIC BROWN – TRUSTUP

KIM COOKS, ESQ.

Dakotah Rogers

EDWARD GARCIA – BLACK BELT LIFE COACH

PAM TURNER, MSA – ABOVE ONLY ENTERPRISE

RICO & NINO – NEW REALITY WEALTH GROUP

D’SHON ROGERS

Dakotah Rogers

FAQ

TRUST FAQ

What is a trust, and why would I need one?

How does a trust differ from a will?

What are the different types of trusts available?

Can a trust help protect my assets from creditors?

How can a trust help with estate planning?

Who should I choose as my trustee?

Are there tax advantages to having a trust?

Can I change or revoke a trust once it's established?

How do I fund a trust?

Do I still need a will if I have a trust?

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