# [Series 65] 38, Trusts and Estates as Clients

Page: https://stenobird.com/podcast/open-exam-prep-7140559/series-65-38-trusts-and-estates-as-clients
Text version: https://stenobird.com/podcast/open-exam-prep-7140559/series-65-38-trusts-and-estates-as-clients.md
Podcast: [Open Exam Prep](https://stenobird.com/podcast/open-exam-prep-7140559)
Published: 2026-05-01T01:01:53+00:00
Episode link: https://open-exam-prep.captivate.fm/episode/series-65-38-trusts-and-estates-as-clients
Audio file: https://episodes.captivate.fm/episode/ff259fcf-e7a3-4ed2-91b5-41439ed746f3.mp3
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JSON: https://stenobird.com/v1/public/podcasts/open-exam-prep-7140559/episodes/series-65-38-trusts-and-estates-as-clients
Duration seconds: 203

## Resource

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The key tax and control differences between revocable and irrevocable trusts. - The fiduciary responsibilities of a trustee under the Uniform Prudent Investor Act. - How trusts and wills interact with the probate process in estate planning. - The purpose and application of the Generation-Skipping Transfer Tax (GSTT). - A mnemonic to easily distinguish between revocable and irrevocable trusts for the exam. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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## Transcript

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