Real Estate Agents: Your LLC Isn't Protecting You Like You Think

JOIN THE BE WEALTHY MASTERMINDWant to join a room of entrepreneurs who think bigger about money? Go to bewealthypodcast.com and click Apply Now.Estate Planning for Entrepreneurs: Your Complete Guide | Marc DearthLearn More About Marc: https://dearthlaw.com/aboutLearn More About Dearth Law: https://dearthlaw.comBrett sits down with his personal estate attorney Marc Dearth, founder of Dearth Law in Atlanta, to break down what every entrepreneur needs to know about estate planning. From the four basic documents everyone needs, to advanced trust design that incentivizes achievement without creating entitled kids, to LLC privacy and asset protection strategies most people get wrong.TIMESTAMPS:0:00 - Intro0:49 - Meet Marc Dearth2:01 - Growing up in the Midwest and finding law7:09 - How Marc got into estate planning10:27 - What happens to your money if you have NO plan13:10 - "The best marriages lead to the biggest information gaps"15:09 - The information checklist every couple needs21:04 - The 4 documents everyone needs (POA, health POA, living will, will)25:44 - The Terri Schiavo case and why a living will matters30:00 - Revocable trusts and skipping probate34:05 - What happens when your kids inherit millions too young39:12 - The trust fund baby problem and how to fix it42:26 - How Brett designed his trust to incentivize achievement47:49 - Keeping family together through traditions and legacy properties52:36 - Privacy in the digital age and LLC exposure57:27 - Asset protection and how to think about risk1:01:25 - Estate tax exemptions and why you need to plan ahead1:04:22 - LLC structure: how many do you really need?1:12:03 - Business partnerships and succession planning1:16:01 - Find a teacher, not just a lawyer1:17:03 - Top 3 books and best purchase under $2001:21:01 - Advice to 21-year-old MarcBOOKS & RESOURCES MENTIONED:- Seven Habits of Highly Effective People by Stephen Covey- Meditations by Marcus Aurelius- Into Thin Air by Jon Krakauer- The Wisdom of Crowds by James Surowiecki- Kubera (net worth tracking software)- DeleteMe (privacy protection service)- One Password (password manager)GET CONNECTED:Website: www.BeWealthy.comYouTube: youtube.com/@bewealthybrettInstagram: instagram.com/bewealthybrettFacebook: facebook.com/brettbewealthyX/Twitter: x.com/bewealthybrettFREE RESOURCES:Free Tools & Downloads: https://www.bewealthybrett.com/resourcesCost Segregation Studies & 45L Tax Credit: SingleFamilyCostSeg.comInfinite Banking Education: SaveLikeaBank.comSelf-Directed IRA: MaxOutRetirement.comTrust & Entity Structure: SetupMyEstate.comOff-Market Deals & Direct Mail: TheMagicMailers.com1031 Exchange: Exchange1031Now.comBookkeeping & Financial Services: BooksOffMyPlate.comPPC & Digital Marketing for RE Investors: ScaleMyDeals.comABOUT THE SHOW:The Be Wealthy Podcast brings entrepreneurs the strategies to grow their business - then teaches them how to think about their money. Because wealth is far more than money - it's freedom. Hosted by Brett Tanner & co-pilot Katelyn Mitchell.Mission: Get Free.DISCLAIMER:Be Wealthy and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational and entertainment purposes only. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.GUEST INFO:Marc Dearth is the founder of Dearth Law LLC in Alpharetta, Georgia. Specializing in estate planning, tax minimization, and succession planning for entrepreneurs and family offices, Marc has been practicing for over 20 years. He holds a J.D. with honors from Stetson University College of Law and has been named to Georgia Trend's "Legal Elite" list.