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Updated about 4 years ago on . Most recent reply

User Stats

13
Posts
3
Votes
Angela Meraklis-Lyons
  • York, PA
3
Votes |
13
Posts

Land Trust and LLC for management?

Angela Meraklis-Lyons
  • York, PA
Posted

I've heard multiple opinions on this matter, so which way do I go? 

I believe it was the podcast with Scott Smith (I could be wrong) who suggested naming an LLC the beneficiary of a trust. He was talking about revocable and irrevocable living trusts.

However, I've also heard and read about land trusts used to hold the property, while an LLC serves as the management/office co.

Which way do I go? 

To add an extra little twist, I live in PA, am looking to buy RE in Maryland, but am thinking about a Series LLC from Delaware. I don't think I need to begin with a Series LLC though, right?

Help! 

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