https://padlet.com/alexismackenziecrosier/os03h2l8o134z1in By Alexis Crosier en-us 2020-11-30 21:12:18 UTC 2025-10-09 11:34:10 UTC hello@padlet.com alexismackenziecrosier https://padlet.com/alexismackenziecrosier/os03h2l8o134z1in/wish/973891010 In my pallet wall I am going to be sharing all my research on trust funds and specifically how to manage them. My viewers can expect to learn the advantages and disadvantages about trust funds and how they work. I hope this research is informative and enjoyable to read!]]> 2020-12-01 00:22:40 UTC https://padlet.com/alexismackenziecrosier/os03h2l8o134z1in/wish/973891010 alexismackenziecrosier https://padlet.com/alexismackenziecrosier/os03h2l8o134z1in/wish/973917173 In this website it explains what trust funds are, the types of trust funds, how Canadian trusts differ from others, attribution rules that apply to Canadian trust funds and more. This website is very informative if you are learning about and need help understanding trust funds.

I decided to include this website into my padlet wall because it provides a ton of information about trust funds. I wasn't knowledgeable about trust funds until I read this website and it gave me any information I needed to understand them. One piece of information I found useful in this website was learning about the attribution rules that follow a trust fund. I didn't even know what attribution rules were or that only apply to certain people. this website provided essential information to my research and learning of trust funds.]]> 2020-12-01 00:34:26 UTC https://padlet.com/alexismackenziecrosier/os03h2l8o134z1in/wish/973917173 alexismackenziecrosier https://padlet.com/alexismackenziecrosier/os03h2l8o134z1in/wish/974044697 This website provides information about who needs a trust fund, the differences between wills and trusts and how to set up a trust fund. When I was first researching about trust funds I was confused as to how they were different from wills. This website provided me that information as well as added that trusts and wills can also work together.

I decided to include this website into my padlet wall because it provided the information that most websites I saw didn't add. I really enjoyed that this website included the steps in order to set up a trust fund. If I needed to start a trust fund in the future, this would be a good place to start my research. This website was very helpful adding on to my knowledge of trust funds and how to set them up.]]> 2020-12-01 01:33:05 UTC https://padlet.com/alexismackenziecrosier/os03h2l8o134z1in/wish/974044697 alexismackenziecrosier https://padlet.com/alexismackenziecrosier/os03h2l8o134z1in/wish/974092671 This website provides 5 reasons that someone should consider setting up a trust for their assets. It explains that you can 1. See where your money goes, 2. Do whatever you want with the assets, 3. Avoid probate, 4. Pass down more than just money, and 5. Keep your wealth a secret. This was another thing that I was wondering about trust funds versus wills and they explained their reasons well.

I decided to include this website into my pallet wall because it can provide the reasoning if you are deciding whether a trust fund is right for you. One piece of information that I found useful on this website was that trusts keep the details of your assets more private from the public eye. If you were to include your assets in a will, any prying eyes can see how much they are worth, who got what assets, etc. I think that the details in this website is different than the other websites because it is looking from the perspective of the person possibly looking to use a trust fund or a person who is receiving assets from a trust fund. ]]> 2020-12-01 01:55:39 UTC https://padlet.com/alexismackenziecrosier/os03h2l8o134z1in/wish/974092671 alexismackenziecrosier https://padlet.com/alexismackenziecrosier/os03h2l8o134z1in/wish/974136179 This website provides more in depth information about the different types of trusts that could be available to you. It also explains the many purposes that trusts serve for holding and transferring your family assets.

I decided to include this website into my padlet wall because it goes into detail about each type of trust funds and what they are which a lot of the other websites did not do. Something that I found useful from this website was the irrevocable trust. In the article, it says that this specific type of trust cannot be changed or cancelled once it is established. I didn't even realize that that was a possibility and just assumed that it could be changed whenever the truster wishes. ]]> 2020-12-01 02:18:46 UTC https://padlet.com/alexismackenziecrosier/os03h2l8o134z1in/wish/974136179 alexismackenziecrosier https://padlet.com/alexismackenziecrosier/os03h2l8o134z1in/wish/974190155 In this video, Andrew Finney explains the advantages and disadvantages of putting your house in a trust. He also talks about the misconceptions and differences between a irrevocable trust and a revocable trust.

I decided to include this video into my padlet wall because he explains the advantages and disadvantages very well so that people can easily plan and prepare for their future and their families future. One piece of information I found interesting about this video was if someone were to become very ill, their spouse or significant other could take over their responsibilities of protecting their home and assets and manage the other persons trusts. This can happen with a living revocable trust which would be a great benefit for anyone worried about protecting their assets.]]> 2020-12-01 02:45:32 UTC https://padlet.com/alexismackenziecrosier/os03h2l8o134z1in/wish/974190155 alexismackenziecrosier https://padlet.com/alexismackenziecrosier/os03h2l8o134z1in/wish/974208309 In this video, the man talks about revocable and irrevocable trusts and the benefits that may or may not be included in them. He also explains the reasoning as to why he thinks it is a bad idea to use a revocable trust because it would not protect your assets. 

I decided to include this video into my padlet wall because the man talks about how revocable and irrevocable trust might not be a good idea for someone to protect their assets. Many other videos only talked about the advantages so his video provided new information that may differ how people consider using these trust funds or not. I didn't know that your assets wouldn't be protected in a revocable trust even though they can be revoked because I didn't think about anyone else coming forward to possibly try to claim my assets. ]]> 2020-12-01 02:55:41 UTC https://padlet.com/alexismackenziecrosier/os03h2l8o134z1in/wish/974208309 alexismackenziecrosier https://padlet.com/alexismackenziecrosier/os03h2l8o134z1in/wish/974232510 In this video, they explain how trusts work, who they are for, who they can benefit, etc. they go into great detail and provide a lot of information to help someone learn more about trust funds.

I decided to include this video into my padlet wall because they include even more detail then any article or other videos I saw about trust funds and how they work. One piece of information that they provided that I didn't know of was to talk to my advisor and estate planning attorney to find out how certain trusts could help my specific situation best.]]> 2020-12-01 03:09:26 UTC https://padlet.com/alexismackenziecrosier/os03h2l8o134z1in/wish/974232510 alexismackenziecrosier https://padlet.com/alexismackenziecrosier/os03h2l8o134z1in/wish/974245814 In this video, Andrei Jikh talks about how to protect your assets in case of a divorce, lawsuit, etc. in the future. He also shows five documents that people will absolutely need in order to make an effective trust.

I decided to include this video into my padlet wall because he included a lot of interesting information about trust funds that showed them in a different light than the other videos did. I liked that he added the fact about how Prince didn't have a will or a trust before he died and how many random people came forward to try to claim all of his fortune. Then, the court had to reward Prince's siblings and half siblings all of his money instead of whatever Prince would have wanted to do with his money.]]> 2020-12-01 03:17:12 UTC https://padlet.com/alexismackenziecrosier/os03h2l8o134z1in/wish/974245814 alexismackenziecrosier https://padlet.com/alexismackenziecrosier/os03h2l8o134z1in/wish/974270455 This image shows the process of a trust and who the grantor, trustee, and beneficiaries are and what they are in the situation.

I decided to include this photo because I think it shows everyone involved in the trust fund process well and also what they are to the trust. ]]> 2020-12-01 03:32:11 UTC https://padlet.com/alexismackenziecrosier/os03h2l8o134z1in/wish/974270455 alexismackenziecrosier https://padlet.com/alexismackenziecrosier/os03h2l8o134z1in/wish/974279297 This image provide basic information about the revocable and irrevocable trusts. 

I chose this image because it can provide the information of different types of trusts in a easy to understand way for anyone who may be learning or looking for more information about trust funds.]]> 2020-12-01 03:38:21 UTC https://padlet.com/alexismackenziecrosier/os03h2l8o134z1in/wish/974279297 alexismackenziecrosier https://padlet.com/alexismackenziecrosier/os03h2l8o134z1in/wish/974285026 1) What did you learn about your topic that surprise you the most?
The thing that I learn while researching my topic that surprised me the most was the revocable trust. I didn't even think about a type of trust where someone else could try to come forward and claim your assets and demand them to be revoked to someone else other than yourself or someone you directed them to be handed over to.

2) Provide a real-life example of how this topic is relevant or interesting for you.
This topic is very interesting to me because my family recently inherited a farm from my Grandfather who passed away so I have been more included in estate and banking, etc. so learning about trust funds were very interesting to learn about while thinking about my family and farm.

3) If you could pass on your knowledge to a family member or friend, what do you think is the most important thing to pass on?
I think that the most important thing to pass on about trust funds is the different types of trusts and all of their advantages and disadvantages. Everybody's situations are different so I would want to be able to provide information so that they could figure out which trust is right for them or even if they want a trust fund at all.]]> 2020-12-01 03:42:11 UTC https://padlet.com/alexismackenziecrosier/os03h2l8o134z1in/wish/974285026