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Updated over 12 years ago on . Most recent reply

Grant Kemp's profile image
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Grant Kemp
  • Investor
  • from Dallas, TX
  • Member since Apr 16, 2012
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Grant Kemp's profile image
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Grant Kemp
  • Investor
  • from Dallas, TX
  • Member since Apr 16, 2012
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Grant Kemp
  • Investor
  • Dallas, TX
99
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158
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Starting Out

Is it worth placing your LLC inside of a trust?

Grant Kemp
  • Investor
  • Dallas, TX
Posted

I am being advised by a CPA to form my series LLC and place it inside of a trust. He says that legally, this provides much more personal safety for me and my assets. Is there truth to this? Is it worth the extra money to get set up this way?

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Rich Weese's profile image
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Rich Weese
  • #2 Off Topic Contributor
  • Real Estate Investor
  • from the villages, Florida
  • Member since Sep 25, 2008
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Rich Weese's profile image
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Rich Weese
  • #2 Off Topic Contributor
  • Real Estate Investor
  • from the villages, Florida
  • Member since Sep 25, 2008
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Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
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Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
Replied

Grant- I believe it is if you're in a certain financial arena and I do have some.... It probably should be your Estate Attorney advising you "legally" as you stated-not a CPA. Rich

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