# Estates, Trusts & Wills **URL:** https://discussion.mainstreetbusinesspodcast.com/c/estates-trusts-wills/9.md [Latest](https://discussion.mainstreetbusinesspodcast.com/latest.md) · [Categories](https://discussion.mainstreetbusinesspodcast.com/categories.md) · [Tags](https://discussion.mainstreetbusinesspodcast.com/tags.md) --- ## [About the Estates, Trusts & Wills category](https://discussion.mainstreetbusinesspodcast.com/t/about-the-estates-trusts-wills-category/12)
**Author:** [@system](https://discussion.mainstreetbusinesspodcast.com/u/system)\ **Replies:** 0
--- ## [Dispersing assets from the living will](https://discussion.mainstreetbusinesspodcast.com/t/dispersing-assets-from-the-living-will/558)
**Author:** [@woodenshoe](https://discussion.mainstreetbusinesspodcast.com/u/woodenshoe)\ **Replies:** 0\ **Last updated:** [April 17, 2026, 2:11am UTC](https://discussion.mainstreetbusinesspodcast.com/t/dispersing-assets-from-the-living-will/558 "2026-04-17T02:11:54Z")
Always appreciate the perspective you two throw down. Thank you for an enlightening half an hour. Here is my quandry: History: I have 11 rental properties. They each have been titled into a separate land trust. Each la… --- ## [Trust Tax on Roth Earnings](https://discussion.mainstreetbusinesspodcast.com/t/trust-tax-on-roth-earnings/652)
**Author:** [@edricketts](https://discussion.mainstreetbusinesspodcast.com/u/edricketts)\ **Replies:** 0\ **Last updated:** [February 5, 2026, 9:29pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/trust-tax-on-roth-earnings/652 "2026-02-05T21:29:01Z")
I wish to make my Revocable Family Trust (RFT) the beneficiary if the Roth IRA. My granddaughter is beneficiary to 20% the Roth, but if the RFT is the beneficiary, the earnings that are not withdrawn are subject to trust… --- ## [Multiple LLC or one with multiple REPT](https://discussion.mainstreetbusinesspodcast.com/t/multiple-llc-or-one-with-multiple-rept/644)
**Author:** [@B3N\_Koh](https://discussion.mainstreetbusinesspodcast.com/u/B3N_Koh)\ **Replies:** 1\ **Last updated:** [January 14, 2026, 7:30pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/multiple-llc-or-one-with-multiple-rept/644 "2026-01-14T19:30:44Z")
Please compare and contrast the following strategies with an eye towards the ability to simplify bookkeeping and scale; A) Use one WY LLC holding company holding multiple state-specific LLCs (not serial), each holding o… --- ## [Mh4675455@gmail.com](https://discussion.mainstreetbusinesspodcast.com/t/mh4675455-gmail-com/632)
**Author:** [@system](https://discussion.mainstreetbusinesspodcast.com/u/system)\ **Replies:** 1\ **Last updated:** [October 29, 2025, 7:49pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/mh4675455-gmail-com/632 "2025-10-29T19:49:06Z")
Welcome, thank you very much for social media. I did not find the money by depositing on the company’s website. I asked for help with that. Thank you --- ## [LLC Transfer - Due on Sale Clause](https://discussion.mainstreetbusinesspodcast.com/t/llc-transfer-due-on-sale-clause/596)
**Author:** [@cwhitej](https://discussion.mainstreetbusinesspodcast.com/u/cwhitej)\ **Replies:** 1\ **Last updated:** [September 17, 2025, 7:11pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/llc-transfer-due-on-sale-clause/596 "2025-09-17T19:11:10Z")
Hi guys! Big fan. First time asking a question. My wife and I recently moved to a new primary residence. We want to keep our former primary residence as an investment property. I want to transfer this investment prope… --- ## [Business Trust vs LLC](https://discussion.mainstreetbusinesspodcast.com/t/business-trust-vs-llc/590)
**Author:** [@WilliamK](https://discussion.mainstreetbusinesspodcast.com/u/WilliamK)\ **Replies:** 1\ **Last updated:** [July 16, 2025, 7:01pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/business-trust-vs-llc/590 "2025-07-16T19:01:04Z")
Will setting up a Business Trust offer the same liability protection as an LLC would provide? If the Business Trust is setup for a California company will the trust need to pay the $800 tax to FTB like an LLC would? --- ## [Should Unmarried Partners (Realtor & Mortgage Lender) With Investment Properties Use LLC & Trust To Maximize Income and Tax Strategy?](https://discussion.mainstreetbusinesspodcast.com/t/should-unmarried-partners-realtor-mortgage-lender-with-investment-properties-use-llc-trust-to-maximize-income-and-tax-strategy/576)
**Author:** [@ktyler98](https://discussion.mainstreetbusinesspodcast.com/u/ktyler98)\ **Replies:** 2\ **Last updated:** [May 28, 2025, 8:24pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/should-unmarried-partners-realtor-mortgage-lender-with-investment-properties-use-llc-trust-to-maximize-income-and-tax-strategy/576 "2025-05-28T20:24:06Z")
Mark and Matt, Thank you for all of the information that you have provided on the podcast. It has definitely helped us in our journey through the small business ownership maze. My partner is a realtor, and I am a Mortg… --- ## [Protect Business From Spouse](https://discussion.mainstreetbusinesspodcast.com/t/protect-business-from-spouse/562)
**Author:** [@derekgowen](https://discussion.mainstreetbusinesspodcast.com/u/derekgowen)\ **Replies:** 1\ **Last updated:** [May 28, 2025, 6:39pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/protect-business-from-spouse/562 "2025-05-28T18:39:03Z")
In the event of a divorce, how do I protect my physical car washes / operational business from my spouse? No prenup. Not a community property state (NH). I would absolutely make sure her and the kids were taken care of … --- ## [Once the Revocable Living Trust Becomes Irrevocable...now what?](https://discussion.mainstreetbusinesspodcast.com/t/once-the-revocable-living-trust-becomes-irrevocable-now-what/557)
**Author:** [@woodenshoe](https://discussion.mainstreetbusinesspodcast.com/u/woodenshoe)\ **Replies:** 1\ **Last updated:** [May 28, 2025, 6:23pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/once-the-revocable-living-trust-becomes-irrevocable-now-what/557 "2025-05-28T18:23:31Z")
Let’s assume the makers of the revocable living trust have died and now the executor must go through the assets. Single family rentals were titled to land trusts and the land trusts are owned by the living trust. What’s … --- ## [Asset Protection/Privacy](https://discussion.mainstreetbusinesspodcast.com/t/asset-protection-privacy/548)
**Author:** [@brighamnielsen](https://discussion.mainstreetbusinesspodcast.com/u/brighamnielsen)\ **Replies:** 0\ **Last updated:** [March 12, 2025, 9:02pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/asset-protection-privacy/548 "2025-03-12T21:02:35Z")
These questions are from K. Travis Bedwell who emails into Main Street Business Services 1 - Is there any benefit to putting personal vehicles into a revocable living trust? 2- Do you recommend a personal umbrella poli… --- ## [SDIRA/LLC Closing into a Land Trust](https://discussion.mainstreetbusinesspodcast.com/t/sdira-llc-closing-into-a-land-trust/539)
**Author:** [@edjonesma](https://discussion.mainstreetbusinesspodcast.com/u/edjonesma)\ **Replies:** 1\ **Last updated:** [March 12, 2025, 6:43pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/sdira-llc-closing-into-a-land-trust/539 "2025-03-12T18:43:24Z")
Hi Mark and Mat, I’m working with my wife Vivian on purchasing her first property using her new SDIRA/LLC. This subject property is located in Illinois and it’s a cash purchase. We’d like to take title into a land trus… --- ## [Lady Bird Deeds](https://discussion.mainstreetbusinesspodcast.com/t/lady-bird-deeds/178)
**Author:** [@dblplays](https://discussion.mainstreetbusinesspodcast.com/u/dblplays)\ **Replies:** 2\ **Last updated:** [November 20, 2024, 5:50pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/lady-bird-deeds/178 "2024-11-20T17:50:24Z")
Hi Mark and Matt. Thanks for all you do. I’ve set up my Revocable Living Trust, done the LLC cleanup, and created 3 new LLCs with your firm so far and hopefully, I can do more soon. I have a question about a Lady Bird… --- ## [Buying your parent's house](https://discussion.mainstreetbusinesspodcast.com/t/buying-your-parents-house/294)
**Author:** [@catch22moe](https://discussion.mainstreetbusinesspodcast.com/u/catch22moe)\ **Replies:** 1\ **Last updated:** [November 20, 2024, 5:43pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/buying-your-parents-house/294 "2024-11-20T17:43:51Z")
Both my parents and my mother in law are worried that they will lose their houses if they have to go into a nursing home. Would the following scenario work? My wife and I purchase both homes with seller financing and the… --- ## [Windfall money](https://discussion.mainstreetbusinesspodcast.com/t/windfall-money/474)
**Author:** [@Pam\_Secord](https://discussion.mainstreetbusinesspodcast.com/u/Pam_Secord)\ **Replies:** 1\ **Last updated:** [July 24, 2024, 6:10pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/windfall-money/474 "2024-07-24T18:10:27Z")
I’m 74, retired teacher, earn $2000/mo. with state retirement + SS. I have no savings, nothing. Financially illiterate. Bought a piece of property in Costa Rica some decades ago and I’m selling it. Will probably get $… --- ## [Holding Bitcoin in a Revocable Trust](https://discussion.mainstreetbusinesspodcast.com/t/holding-bitcoin-in-a-revocable-trust/462)
**Author:** [@Brad7](https://discussion.mainstreetbusinesspodcast.com/u/Brad7)\ **Replies:** 1\ **Last updated:** [June 12, 2024, 6:22pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/holding-bitcoin-in-a-revocable-trust/462 "2024-06-12T18:22:46Z")
Are there special considerations involved in adding Bitcoin assets to a Revocable Trust? What are the advantages of the various means of custody when held under a trust arrangement? --- ## [Property/ inheritance](https://discussion.mainstreetbusinesspodcast.com/t/property-inheritance/415)
**Author:** [@system](https://discussion.mainstreetbusinesspodcast.com/u/system)\ **Replies:** 1\ **Last updated:** [March 27, 2024, 6:50pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/property-inheritance/415 "2024-03-27T18:50:06Z")
Hello, I will be receiving a substantial inheritance plus a property that’s currently worth 350,000, I currently have a home in San Jose California that worth a million dollars and I am currently under prop 13 for taxes… --- ## [Trying to lose the farm due to a bad egg](https://discussion.mainstreetbusinesspodcast.com/t/trying-to-lose-the-farm-due-to-a-bad-egg/88)
**Author:** [@ArmyEOD](https://discussion.mainstreetbusinesspodcast.com/u/ArmyEOD)\ **Replies:** 1\ **Last updated:** [March 27, 2024, 6:47pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/trying-to-lose-the-farm-due-to-a-bad-egg/88 "2024-03-27T18:47:44Z")
Hi to the dynamic duo and my favorite business podcast. Hoping for that Rockstar endorsement soon… So, I am really struggling to figure out what to do to protect my farm. I have 29 acres in Oregon and my house is on t… --- ## [LLC taxed as S-corp](https://discussion.mainstreetbusinesspodcast.com/t/llc-taxed-as-s-corp/410)
**Author:** [@JHughes](https://discussion.mainstreetbusinesspodcast.com/u/JHughes)\ **Replies:** 1\ **Last updated:** [February 7, 2024, 6:12pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/llc-taxed-as-s-corp/410 "2024-02-07T18:12:57Z")
Hi Mark and Mat , love your content! I have had a PLLC for about 5 years that I use for providing independent contractor anesthesia services. My new CPA recently filed the paperwork for my PLLC to file as an S-corp for … --- ## [Leasing equipment to my business](https://discussion.mainstreetbusinesspodcast.com/t/leasing-equipment-to-my-business/385)
**Author:** [@mitch\_viner](https://discussion.mainstreetbusinesspodcast.com/u/mitch_viner)\ **Replies:** 0\ **Last updated:** [October 8, 2023, 6:21pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/leasing-equipment-to-my-business/385 "2023-10-08T18:21:49Z")
Is it beneficial to create a separate entity that leases vehicles/tools/equipment to my operating LLC? I’m a contract mechanic and have created my LLC. I was told to create a separate entity(LLC) that owns my truck and … --- ## [Banking and "The Veil"](https://discussion.mainstreetbusinesspodcast.com/t/banking-and-the-veil/361)
**Author:** [@lynnettekilly](https://discussion.mainstreetbusinesspodcast.com/u/lynnettekilly)\ **Replies:** 0\ **Last updated:** [September 27, 2023, 6:43pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/banking-and-the-veil/361 "2023-09-27T18:43:33Z")
You guys recently answered my "piercing the corporate veil question on your show – thank you for that. Now I need to know what it looks like to co-mingle funds? I’m a Realtor with an online business bank account and my … --- ## [Piercing the Corporate Veil](https://discussion.mainstreetbusinesspodcast.com/t/piercing-the-corporate-veil/360)
**Author:** [@lynnettekilly](https://discussion.mainstreetbusinesspodcast.com/u/lynnettekilly)\ **Replies:** 0\ **Last updated:** [September 20, 2023, 5:26pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/piercing-the-corporate-veil/360 "2023-09-20T17:26:57Z")
Can you explain “piercing the corporate veil”? We recently bought an STR (with three other couples) and its undergoing a giant rehab. Is it safe for each of us personally to promote it? Is it okay for people to know w… --- ## [LLC venture to AirBnB 😎, New LLC? or Use same one?](https://discussion.mainstreetbusinesspodcast.com/t/llc-venture-to-airbnb-new-llc-or-use-same-one/297)
**Author:** [@RafiPropGroup](https://discussion.mainstreetbusinesspodcast.com/u/RafiPropGroup)\ **Replies:** 1\ **Last updated:** [August 2, 2023, 7:08pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/llc-venture-to-airbnb-new-llc-or-use-same-one/297 "2023-08-02T19:08:03Z")
Hey Marc & Matt, (officer and gentlemen) or vicaversa. ha.. Seriously love you guys. Quick set question. -I have an operating Real Estate Business as a single member LLC (GA). -Purchasing an AirBnB ($635K) in TN. (… --- ## [Asset segregation](https://discussion.mainstreetbusinesspodcast.com/t/asset-segregation/302)
**Author:** [@system](https://discussion.mainstreetbusinesspodcast.com/u/system)\ **Replies:** 1\ **Last updated:** [August 2, 2023, 7:04pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/asset-segregation/302 "2023-08-02T19:04:19Z")
Asset segregation has to be reported on seller’s & buyer’s closing statements, true?? --- ## [Revocable Living Trust with non-Citizen as Trustee](https://discussion.mainstreetbusinesspodcast.com/t/revocable-living-trust-with-non-citizen-as-trustee/316)
**Author:** [@Tony](https://discussion.mainstreetbusinesspodcast.com/u/Tony)\ **Replies:** 1\ **Last updated:** [August 2, 2023, 7:04pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/revocable-living-trust-with-non-citizen-as-trustee/316 "2023-08-02T19:04:05Z")
Here’s an idea for a topic when covering Trusts, one I have not heard addressed in your podcasts I’ve watched: If one of the spouses is not a U.S. citizen and does not plan on getting U.S. citizenship (they have their pe… --- ## [Tax of trust](https://discussion.mainstreetbusinesspodcast.com/t/tax-of-trust/314)
**Author:** [@Alice](https://discussion.mainstreetbusinesspodcast.com/u/Alice)\ **Replies:** 1\ **Last updated:** [August 2, 2023, 7:03pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/tax-of-trust/314 "2023-08-02T19:03:02Z")
What is the filing form for trust? And trust capital gain is not preferential ? --- ## [Personal Residence into an LLC?](https://discussion.mainstreetbusinesspodcast.com/t/personal-residence-into-an-llc/308)
**Author:** [@Taildraggger](https://discussion.mainstreetbusinesspodcast.com/u/Taildraggger)\ **Replies:** 1\ **Last updated:** [June 14, 2023, 6:29pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/personal-residence-into-an-llc/308 "2023-06-14T18:29:49Z")
Thank guys fairly new listener and love the advice! I’m finalizing setting up my first side hustle LLC and am excited. After listening to the progression of real estate investing, it got me thinking. My side hustle is … --- ## [E-Commerce Store](https://discussion.mainstreetbusinesspodcast.com/t/e-commerce-store/276)
**Author:** [@DantheMan](https://discussion.mainstreetbusinesspodcast.com/u/DantheMan)\ **Replies:** 1\ **Last updated:** [April 27, 2023, 9:02pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/e-commerce-store/276 "2023-04-27T21:02:35Z")
Would there be any penalties for paying a company to start an e-commerce store for you and use your self-directed Roth IRA account to send and receive money. The company wants an upfront fee for creation , research, mark… --- ## [Delaware Statutory Trust instead of LLCs](https://discussion.mainstreetbusinesspodcast.com/t/delaware-statutory-trust-instead-of-llcs/274)
**Author:** [@JustinR](https://discussion.mainstreetbusinesspodcast.com/u/JustinR)\ **Replies:** 0\ **Last updated:** [April 18, 2023, 2:43am UTC](https://discussion.mainstreetbusinesspodcast.com/t/delaware-statutory-trust-instead-of-llcs/274 "2023-04-18T02:43:20Z")
Would you guys ever recommend creating a Delaware Statutory Trust to hold rental property instead of multiple LLCs for California-based property owners? Assume +/- 5 rental properties each with $300k in equity. Some ar… --- ## [Florida Single Member LLC Asset protection](https://discussion.mainstreetbusinesspodcast.com/t/florida-single-member-llc-asset-protection/81)
**Author:** [@Alan\_Lilly](https://discussion.mainstreetbusinesspodcast.com/u/Alan_Lilly)\ **Replies:** 0\ **Last updated:** [March 27, 2023, 12:34pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/florida-single-member-llc-asset-protection/81 "2023-03-27T12:34:11Z")
Florida Single Member LLC’s don’t provide Charging order protection. So what are the options for charging order protection? Do I need to ad my spouse and making it a multi member LLC and if so at what percentage would be… [Next page](https://discussion.mainstreetbusinesspodcast.com/c/estates-trusts-wills/9.md?page=1)