The Entrepreneur's Trust
If you're a successful business owner, you may have concerns about how to pass on your wealth to your beneficiaries while also encouraging them to make their own way in the world. The solution may be an entrepreneur's trust, a structure that allows you to cultivate a spirit of entrepreneurship in your beneficiaries while still protecting your assets.
Our recent article explores the benefits of an entrepreneur's trust in detail, including the potential for encouraging beneficiary involvement in decision-making and providing opportunities for them to practice making financial decisions with smaller pools of money.
Many celebrities, including Shaquille O’neil and Marie Osmond, have already recognized the benefits of this type of planning and have expressed a desire to leave their wealth to charity or other causes rather than their children.
If you're interested in learning more about the advantages of an entrepreneur's trust, we encourage you to read our full article here. And if you're ready to take the next step and explore your options for estate planning, we invite you to schedule an appointment with our experienced team at Monteforte Law. We'll work with you to create a plan that reflects your unique needs and goals, and ensures that your legacy is protected for generations to come.