Estate Planning 101 with the "Tax Chick" Amanda Doucette
beyond MD with Dr. Yatin Chadha
00:00
The Power of Attorney
Is it safe to say that it may be a good idea to have somebody in charge there who may have a bit more financial literacy? It really depends on the complexity of your situation. Trust companies are an option, friends are an option and Spouses are an option. If they get to jump in and look after your stuff, they also step into your shoes as director and officer of your company - which could prohibit you from getting the small business limit.
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