QUESTION
can a successor trustee manage rental property after grantor dies and use profits for personal income?
Asked on Aug 19th, 2019 on Estate Planning - South Carolina
More details to this question:
my company LLC owns income producing rental property. If my wife is successor trustee in living revocable trust can she continue the business and use profit as personal income?
1 ANSWER
2 Awards
It may depend on what your LLC operating agreement and what your revocable living trust say.
Answered on Aug 20th, 2019 at 5:06 AM
This is general information. It cannot substitute for a personal consultation with an attorney. It is not intended to be legal advice or imply an attorney-client relationship.