Goals, Business Plans & Entities
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 4 years ago,
Revocable Trust for LLC
Hello,
I am in the process of setting up a real estate holding LLC and I wanted to place the holding company (and obviously all of the subsidiary LLCs) into a Revocable Trust to avoid Probate Court in case my untimely death. What is best flow for doing this:
- Set up the holding LLC first, then transfer to the Trust
- Set up the ownership of the LLC as the Trust at the time of the LLC formation
I'm assuming the latter is less expensive and time consuming but not clear if you can do both at the same time.
Thanks