If you are a business owner, it is likely that your business is one of your most valuable assets. You may be sentimental toward your business - you will want it to be your legacy after your lifetime and to continue to thrive. Therefore, when planning your estate, it's likely that your business will be one of your top priorities.
Some business owners choose to put their business into a trust. They help to ensure that the assets of a business will not be affected by probate at the end of your lifetime. There are many types of trusts, and each one has different uses. If you are considering putting your business into a trust, take the time to understand the key advantages for doing so and the additional considerations that you should make.