QUESTION
How do I put a LLC in an irrevocable trust?
Asked on May 10th, 2012 on Estate Planning - Florida
More details to this question:
I want to create a LLC and put it in my Irrevocable/U/A/D trust, what are the steps?
2 ANSWERS
Probate & Trust Attorney serving Fort Lauderdale, FL
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Robert J. Slotkin
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When you create a LLC you create an operating agreement (similar to a shareholder agreement) identifying the trustee as the owner. For good measure, you should draft a bill of sale giving all of your interest in the LLC over to the trustee. All LLC contracts, licenses, insurance policies, etc. should be signed by you as trustee so there is no confusion who is the owner.
Answered on May 18th, 2012 at 1:32 PM
Real Property Attorney serving Fernandina Beach, FL
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Poole & Poole, P.A.
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Name the trustee(s) of the Trust as the member(s) of the LLC when you first file the organization papers with the Secretary of State.
Answered on May 16th, 2012 at 11:03 AM