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For successful professionals and business owners, protecting what you’ve built means more than managing growth, it means minimizing exposure to the legal disputes that can derail everything. One issue that’s often overlooked, but frequently lands in litigation, is what happens when a member of a limited liability company (“LLC”) dies.

Trusts have long been a cornerstone of sophisticated estate planning, allowing individuals and families to preserve wealth, protect assets, and ensure financial security for future generations. For business owners, executive professionals, and high-net-worth individuals, trusts serve as powerful tools to separate and safeguard assets.

When a bank-account owner passes away, what happens next depends on how the account was structured. For business owners, executives, and professionals, understanding these nuances is important for protecting assets and avoiding unnecessary entanglement in probate court.