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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