257 - Protect Your Legacy: Estate Planning for Business Owners with Marty Cain
The Cash Flow Contractor
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Mastering the Art of Trust Funding
This chapter explores the critical process of funding a revocable living trust, highlighting the need to retitle assets like businesses and life insurance policies to ensure the trust operates effectively. It discusses the potential complications of leaving assets outside the trust, leading to probate challenges, and emphasizes the importance of careful estate planning for both business owners and young families. Additionally, the chapter addresses the alarming statistic of individuals without wills, providing practical advice on proper documentation and selecting the right estate planner.
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