LLC -> Parent LLC -> Trust

[Jake S.]

Is it worth it to have each business/rental LLC be owned by a parent LLC and then a Trust?

Just trying to determine the pros/cons and the necessity of it all? Im assuming an Attorney could easily transfer my LLCs ownership to my parent LLC?

[Richard Bechtol]

Hi Jake,

There are a few ways to accomplish what it appears you are discussing here. One way would be to create a Series LLC that has child LLCs underneath it and having Land Trusts underneath each child LLC. This is a good plan if you have multiple properties because you can have liability protection by compartmentalizing each property under a child.

Additionally, you can also have anonymity by having a nominee trustee under each land trust. This makes tracking the individual owner of the property very difficult and can stop the possibility of a lawsuit before it even starts.

I hope that helped answer your questions.