Why You Should Integrate a Family Trust with Your Business
min read
Opinions expressed by Entrepreneur contributors are their own.
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.
