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Updated almost 3 years ago,
Place LLC interest in living trust?
Hey BP,
Relatively small time investor with 3 properties in an LLC that is member managed by a partner and me. I'm setting up a living revocable trust for my wife and I. She is not a member of the LLC (not for any financial reason, she just isn't involved in the business at all).
Can any legal or tax experts weigh in on whether to place my interest in the LLC into the trust?
If we expand more, we plan to form additional LLCs once the equity is greater than $500K. Hassle to keep putting additional LLC interest into the trust?
Thanks!