SaaS Interviews with CEOs, Startups, Founders The Revocable Living Trust Cheat Code for SaaS Founders (Save millions on taxeS)
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Aug 22, 2024 In this enlightening discussion, Alessandro Chesser, Co-founder and CEO of Dynasty, shares his extensive experience from his years as a sales executive at Carta. He explains why South Dakota is a key location for setting up trusts and the benefits of choosing between revocable and irrevocable options. Discover innovative tax strategies for entrepreneurs, including significant savings through qualified small business stock provisions. Chesser also emphasizes the importance of trusts for financial protection, especially for startups generating substantial revenue.
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Carta's Growth
- Alessandro Chesser scaled Carta from $0 to over $400M ARR.
- They focused on network effects by requiring companies to invite investors and law firms.
Dynasty's Origin
- Dynasty launched in 2022 to digitize living trusts, mirroring Carta's digitization of legal documents.
- Chesser saw the same need for digitization in the trust space as he did with stock certificates at Carta.
Avoid Probate
- Use a revocable trust to avoid probate court, which can cause delays and family disputes.
- Hundreds of billions get seized annually by states due to lack of trusts.
