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soup
Real Estate
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Gift Deeding a LLC business
Saturday, January 01 2011 04:58 PM
Can my wife and I as Members/Managers of our Business LLC gift deed the business itself to our TRUST. Or can I accomplish the same thing by Gift Deeding the majority of our members interest to the Trust. Our Goal is to have our Trust own the business for personal asset protection reasons. The Trust is a Irrevolkable Trust.
Brian Heinz
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Randy Hughes
Land Trust Expert-40+ years of experience
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Re:Gift Deeding a LLC business
Thursday, July 07 2011 05:14 PM
SOUP,
SEE MY COMMENTS BELOW IN BOLD. SORRY FOR THE DELAYED RESPONSE...I MISSED YOUR ORIGINAL POST.
Can my wife and I as Members/Managers of our Business LLC gift deed the business itself to our TRUST. NOT A LAND TRUST BUT YES A BUSINESS TRUST.
Or can I accomplish the same thing by Gift Deeding the majority of our members interest to the Trust. Our Goal is to have our Trust own the business for personal asset protection reasons. The Trust is a Irrevolkable Trust. YES, YOU COULD PUT THE LLC INTERESTS IN A PERSONAL PROPERTY TRUST. CALL ME IF YOU WANT TO DISCUSS FURTHER. 866-696-7347
Randy Hughes
866-696-7347
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