Season 1 · Episode 12
Should Your Revocable Trust Own Your Business?
The Practical Planner · wealth.com
March 19, 202418m 54s
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Show Notes
If you’re a business owner, does it really make sense to put it in a Revocable Trust? That’s what hosts Anne Rhodes, Chief Legal Officer at wealth.com, and Thomas Koppelmen, Head of Community at wealth.com and co-founder of AllStreetWealth discuss in this week’s episode.
In this episode, they cover:
- Why a trust may offer more flexibility in separating out personal and business assets but also offers better protection if you’re incapacitated.
- How a trust can be a better vehicle for your wishes to be followed after your passing.
- Why setting up a revocable trust today offers you flexibility should you need to make changes as your business grows.