
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 ๐๏ธ
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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.
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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 handsโtake action today!
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Timestamps:
๐ 0:00 โ Introduction: Why every S-Corp owner needs a trust
๐ 0:07 โ The probate trap: How your S-Corp could get frozen after your passing
๐ 0:26 โ What happens to your business if you donโt have a trust in place
๐ 2:43 โ Myth Busted: Will putting an S-Corp in a trust mess with your taxes?
๐ 3:15 โ The IRS rules on trusts and S-Corp ownership
๐ 4:18 โ The best type of trust for S-Corp owners: Why a revocable living trust is the right choice
๐ 5:00 โ The key difference between a revocable and irrevocable trust for business owners
๐ 5:50 โ How to transfer your S-Corp into a trust without losing tax benefits
๐ 6:20 โ Common mistakes S-Corp owners make when setting up a trust
๐ 6:46 โ What happens if you become incapacitated? How a trust ensures business continuity
๐ 7:30 โ Who should be your trustee? Choosing the right person to manage your business
๐ 8:15 โ Protecting your family and business partners from legal battles
๐ 9:00 โ Final thoughts: Taking action today to secure your business and legacy
๐ 9:45 โ How to get started: Book a free consultation at www.bristertaxlaw.com
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Donโt wait until itโs too lateโif you own an S-Corp, a trust is not optional, itโs essential. Protect your business, maintain control, and ensure your loved ones or business partners donโt get caught in a legal nightmare.
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If this episode helped you, donโt 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!
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