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Updated over 4 years ago,
Estate Distribution and LLC
My parents distributed their estate among four children. We are planning on keeping two of the apartment buildlings in perpetuity. Is an LLC a good idea for this situation? Will it make the accounting easier now and when we pass the properties to our children? I know it will require annual fees and paperwork, but will the accounting of expenses/tax deductions be easier if distibution is contained in LLC filings?