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Updated about 13 years ago,
Question on Trust Vs LLC
Are there any other benefits to putting a property in a trust VS LLC aside from when in a trust there is a beneficiary designated should the trustee pass away so it is clear who the property would go to.
I guess this is a 2 part question, When held in a trust are you still getting the protection as if it is being held in a LLC? IOW - in event of lawsuit worst they can take is the property and not personal assets while held in a trust?
thx in advance,
Chris