The Practical Planner

Should Your Revocable Trust Own Your Business?


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If you’re a business owner, does it really make sense to put it in a Revocable Trust? That’s what hosts Anne Rhodes, Chief Legal Officer at wealth.com, and Thomas Koppelmen, Head of Community at wealth.com and co-founder of AllStreetWealth discuss in this week’s episode.

In this episode, they cover:

- Why a trust may offer more flexibility in separating out personal and business assets but also offers better protection if you’re incapacitated.

- How a trust can be a better vehicle for your wishes to be followed after your passing.

- Why setting up a revocable trust today offers you flexibility should you need to make changes as your business grows.


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