I was under the impression that the beneficiary needs to be an individual, but Bill Bronchick suggests using an LLC as a beneficiary to provide a layer of liability protection.
Maybe it's the state-specific law? (I am...

Hello all. I’m looking for someone to talk me out of cashing out of a beneficiary account if I’m making a big mistake. What say you? Here’s the deal: I currently have a beneficiary account left to me by my father. He ...

I inherited a home along with my siblings from my father who passed away. We have never resided in the home, and ended up selling the property. At the time of sale home was free and probate had back personal taxes owe...

So I'm still trying to wrap my mind around the concept of putting property into a trust and having an LLC be the beneficiary. As I understand it when the property is put into the land trust, a trustee has to be named ...

Hi everyone. Let's assume that a property owned by an estate is in foreclosure and interested in stopping it. I'm aware that an estate cannot file a chapter 13 bankruptcy. My understanding is that only heirs of an es...

I am looking for a little insight on this situation. We have a rental property that is in a land trust. Can beneficiaries take dividends from the rent? if not dividends, what are the beneficiaries options for taking ...

I have a family member who is inheriting half of a property and the other half is being split between 3 other beneficiaries. From what I understand is that the Executor will deed the house through an Executor's Deed.Q...

Hi - I'm transferring assets into and changing the beneficiary of various other assets into a Revocable Living Trust. Divorced with 2 smallish kids at the moment and the idea is to have the Beneficiary Trustee manage ...

I have come across a house where the owner had passed and the heirs are looking to sell.  One of the heirs is in jail, and one is mentally challenged.  I have heard from neighbors that the aunt is the beneficiary and ...

I've read that in a trust, (ir)revocable it's usually those designated to 'benefit' by receiving the assets in the trust created by the "grantor" but that in a land trust it is the the grantor,  or the lender in a dee...