When an estate planning client has a trust and also owns an LLC, sometimes we’ll discuss the 4 benefits of putting your LLC into a trust, and whether or not it makes sense for them. This type of planning allows you to take advantage of both a trust and an LLC at the same time, and is often the best-case scenario for many of my clients. Some of the benefits include asset protection, avoiding your probate court, and more.

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A word of caution, transferring your LLC interest into a trust may require a bit of paperwork, and if you have other members of your LLC, you may need to get them to agree before you can do the transfer. But once we get past those hurdles, the planning involved can offer a bit of risk protection and fit nicely into your overall planning goals.

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00:00:00 Putting an LLC into a Trust
00:01:02 Asset Protection
00:01:30 Avoiding Your Probate Court
00:02:33 Privacy
00:03:21 Planning For Incapacity

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