# 23 Revocable Living Trusts (Part 1) with Nicole Wipp
In this week's episode:
How do revocable living trusts work? In this episode, host Nicole Wipp discusses what an "RLT" is and the importance of "funding your trust" - a commonly missed step.
You will learn:
- What the primary purposes of revocable living trusts are
- What a revocable living trust does NOT do for you
- Common misunderstandings as to how this trust works
- What trust funding is and why it is critically important
About the show
Planning isn’t just about getting your will done or going to see your financial planner once a year. SMART planning involves an educated process that incorporates the latest in legal, financial, and healthcare strategies to work toward the most desirable result – the quality of life, throughout your entire life.
The biggest problem, too often, is that “traditional” notions of what is right to do in both legal and financial estate planning don’t always work in today’s world.
I created SmartPlanning101 to help all of us learn how to be better planners for the future – and stay in control. To learn how and when we need to challenge the “status quo” and “conventional wisdom.” To be in a nutshell- “smart planners.”Learn More About the Show - Click Here