Should Your Irrevocable Trust Own Your Business?

The previous episode covered why you may want your revocable trust should own your business. So, in this episode hosts Anne Rhodes, Chief Legal Officer at wealth.com, and Thomas Kopelman, Head of Community at wealth.com and co-founder of AllStreet Wealth, talk about why you may want your irrevocable trust own your business. They discuss the main considerations — Control, Asset Protection and Tax Planning — as well as key legal terms to know, plus examples of when someone may want to consider their business being in their irrevocable trust.

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