Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What are the benefits for business owners having a revocable living trust?

April 26, 2017Benefits Business Living trust owners Revocable

0

10 Posted

What are the benefits for business owners having a revocable living trust?

1 Answer

0

10 Posted

If you own a business and do not have a line of succession in your business, the trustee will be able to run it without going to court to get approval for every move. If you hold your property in a Family Limited Partnership or Limited Liability Company, the living trust can hold your shares in those companies.