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Shielding Your Wealth: Structuring Your Business and Estate Plan for Asset Protection and Probate Avoidance
Manage episode 495875126 series 3550510
Episode 60: Shielding Your Wealth – Structuring Your Business and Estate Plan for Asset Protection and Probate Avoidance
Host: Sidney Wheelan
Sponsored by: The Wheelan Law Firm – proudly serving Moberly and Carrollton, Missouri
🎙️ In this episode of Law Days and Lattes, we’re building on last week’s conversation about starting your business—and taking it a step further. Today, we’re tackling how to protect what you’ve built, from your side hustle to your farmland, and keep it out of the courtroom.
☕ Grab your coffee and listen in as we cover:
- Why the structure of your business matters for liability protection
- How to use an LLC—and even a holding company—to shield your assets
- The often-missed connection between your business and your estate plan
- Common pitfalls that put your business or estate plan at risk
- Real-life strategies to give you peace of mind and legal control
💼 Whether you're running a rental, running cattle, or running the show in your own small business, this episode offers practical advice to keep your assets secure and your plan on point.
🔗 Mentioned in this episode:
- LLC vs. Sole Proprietorship – What’s the difference for liability?
- Benefits of a holding company structure
- How a revocable living trust can avoid probate and protect your business
- The biggest estate planning mistake entrepreneurs make
📣 Share this episode with a business owner, farmer, or future mogul who needs to hear it
📬 Questions or topic ideas? Reach out to us on social media!
🧠 Legal strategy is self-care for your financial future. Stay smart, stay protected, and stay grounded.
Check out our Law Days & Lattes pages on Facebook and Instagram where you can join the conversation, share your thoughts, and ask questions
Subscribe to Law Days and Lattes wherever you get your podcasts!
Until next time, grab your favorite latte, hold your loved ones tight, and have a great week! ☕
WheelanLaw.com
This podcast episode contains general information for discussion purposes only. Each case is different and must be judged on its own merits. Missouri rules generally prohibit lawyers from advertising that they specialize in particular areas of the law. This article should not be construed to suggest such specialization. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create an attorney-client relationship, and the listening or viewing of this podcast does not constitute an attorney-client relationship. The choice of a lawyer is an important decision and should not be based solely upon advertisements.
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