Wednesday Feb 19, 2025

The Business Protection Secret 97% of Owners Miss!

Why Your S-Corp Should Be Owned by a Revocable Trust | The Wealth Planning Podcast ๐ŸŽ™๏ธ

ย 

If you own an S-Corp, you need to understand how a trust can protect your business, preserve your tax benefits, and protect your legacy. Without proper planning, your business could be tied up in probate, leaving your family or partners in financial and legal limbo.

ย 

In this episode, Anthony Brister breaks down everything you need to know about using a revocable living trust to maintain control of your business while avoiding costly mistakes. Don't let your hard-earned business fall into the wrong handsโ€”take action today!

ย 

Timestamps:

๐Ÿ“Œ 0:00 โ€“ Introduction: Why every S-Corp owner needs a trust

๐Ÿ“Œ 0:07 โ€“ The probate trap: How your S-Corp could get frozen after your passing

๐Ÿ“Œ 0:26 โ€“ What happens to your business if you donโ€™t have a trust in place

๐Ÿ“Œ 2:43 โ€“ Myth Busted: Will putting an S-Corp in a trust mess with your taxes?

๐Ÿ“Œ 3:15 โ€“ The IRS rules on trusts and S-Corp ownership

๐Ÿ“Œ 4:18 โ€“ The best type of trust for S-Corp owners: Why a revocable living trust is the right choice

๐Ÿ“Œ 5:00 โ€“ The key difference between a revocable and irrevocable trust for business owners

๐Ÿ“Œ 5:50 โ€“ How to transfer your S-Corp into a trust without losing tax benefits

๐Ÿ“Œ 6:20 โ€“ Common mistakes S-Corp owners make when setting up a trust

๐Ÿ“Œ 6:46 โ€“ What happens if you become incapacitated? How a trust ensures business continuity

๐Ÿ“Œ 7:30 โ€“ Who should be your trustee? Choosing the right person to manage your business

๐Ÿ“Œ 8:15 โ€“ Protecting your family and business partners from legal battles

๐Ÿ“Œ 9:00 โ€“ Final thoughts: Taking action today to secure your business and legacy

๐Ÿ“Œ 9:45 โ€“ How to get started: Book a free consultation at www.bristertaxlaw.com

ย 

Donโ€™t wait until itโ€™s too lateโ€”if you own an S-Corp, a trust is not optional, itโ€™s essential. Protect your business, maintain control, and ensure your loved ones or business partners donโ€™t get caught in a legal nightmare.

ย 

If this episode helped you, donโ€™t forget to LIKE, COMMENT, and SUBSCRIBE for more wealth-building insights! Need personalized guidance? Visit www.bristertaxlaw.com to schedule your FREE discovery call today!

Comments (0)

To leave or reply to comments, please download free Podbean or

No Comments

Copyright 2023 All rights reserved.

Podcast Powered By Podbean

Version: 20241125