Why You Should Integrate a Family Trust with Your Business Utilizing a Revocable Living Trust can be an affordable way to ensure your business passes effectively to your family or loved ones upon your death.
By Mark J. Kohler •
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Ensuring that your business passes to your loved ones in the most efficient and cost-effective manner is critical. Processes like probate can be costly, slowing down the exit strategy for your business and affecting its value. You may integrate a business succession plan, buy-sell agreement or life insurance to document and assist in the ease of transferring your business after you pass on. Utilizing a revocable living trust can be an affordable and important part of any plan to effectively transfer your business to your heirs or business partners.
