Business Planning
Explore how a revocable living trust fits into your business planning. Learn about protecting assets, succession, and keeping operations running smoothly.
What happens to my business if I die without a trust or succession plan?
Without a trust or succession plan, your business interest typically passes through probate, which is a public court process that can freeze assets for months and create uncertainty for partners, employees, and clients. A revocable living trust can hold your ownership interest and transfer it directly to named successors without court involvement, keeping operations more stable during a difficult transition. If your estate exceeds the federal exemption of $15,000,00026 USC 2001(c), 2010; P.L. 119-21 §70106Verified Jul 13, 2026View source, estate taxes may also apply to the business's value, making advance planning especially relevant for growing companies. Understanding how trust ownership interacts with your business structure — whether an LLC, S-corp, or partnership — is a key part of exploring your options.
