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Main Street Business

#505 Why The Rich Put EVERYTHING In Their Living Trust

Jun 4, 2024
22:55

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In this episode of the Main Street Business Podcast, hosts Mark J. Kohler and Mat Sorensen present the 4 key benefits of a living trust, no matter your age or wealth status, and how it can secure your family’s financial future after you’re gone. 

Here are some of the highlights:

  • Mark and Mat give a thorough explanation of what a living trust is and its role in estate planning.
  • Discussion on how a living trust avoids court and probate, keeping matters private.
  • An in-depth comparison between a living trust and a will
  • Encouragement to consider estate planning for parents or grandparents.
  • A break down of how a living trust saves money in the long run by avoiding court fees and legal battles
  • Helps prevent heirs from mismanaging their inheritance.
  • How a living trust allows for creative distribution of business assets among heirs.
  • Mark and Mat urge everyone to budget for estate planning and update plans as needed.

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