Archive: February 2024

John Brennan talks with John Maher about marital trusts. He explains how they're created and briefly looks at the tax benefits of these sub-trusts.

John Brennan, Senior Vice President of Trust and Financial Services, Cape Ann Savings Bank, talks with John Maher about charitable trusts. He explains why people use these trusts instead of giving money directly to charities, and he briefly explains their tax advantages.

John Brennan, Senior Vice President of Trust and Financial Services at Cape Ann Savings Bank, talks with John Maher about bypass trusts. Also called B-trusts or credit shelter trusts, these trusts can be a helpful staple in estate planning.

John Brennan, Senior Vice President of Trust and Financial Services at Cape Ann Savings Bank, talks with John Maher about irrevocable trusts. He explains why people use them, the types, and the differences between irrevocable and revocable trusts.

John Brennan, Senior Vice President of Trust and Financial Services at Cape Ann Savings Bank, talks with John Maher about revocable trusts. He explains why some trusts can be changed (revoked). Then, he talks about the advantages of these trusts, when they become irrevocable, and briefly compares them to revocable trusts.

John Brennan, Senior Vice President of Trust and Financial services at Cape Ann Savings Bank in Gloucester, Massachusetts, explains Totten trusts to John Maher. He talks about how to set them up and how they can allow you to easily pass money to a beneficiary after your death.

John Brennan, Senior Vice President of Trust and Financial Services at Cape Ann Savings Bank in Gloucester, Massachusetts, talks with John Maher about testamentary trusts. He explains how they're created by someone's will. Then, he briefly covers the advantages of these trusts and who should use them.

In this podcast, John Brennan, Senior Vice President of Trust and Financial Services at Cape Ann Savings Bank, in Gloucester, Massachusetts, explains spendthrift trusts. He talks about how they work and why they're a provision in most trusts that are created.

John Brennan, Senior Vice President of Trust and Financial Services at Cape Ann Savings Bank in Gloucester, Massachusetts, talks with John Maher about special needs trusts. He explains how these trusts meet the unique needs of special needs people.

John Brennan, Senior Vice President of Trust and Financial Services at Cape Ann Savings Bank in Gloucester, Massachusetts talks with John Maher about life insurance trusts. He explains how they can help you avoid estate taxes and more.