I bought an Avocado Farm and don't know if a trust or a LLC will be the best way to secure the property.

An attorney should look at your entire assets in order to best determine whether you should create a trust. I would want to know whether you live at the avocado farm and what other property you own. If you reside at the avocado farm, an LLC may not be the best vehicle to own the property. If you do not resign at the avocado farm, an LLC probably would work to limit your liability. The best course of action is to consult with an attorney for a full consultation.

Anybody with assets should have a living trust. You might ALSO want to have an LLC for your avocado farm.  LLC's, in California, cost a lot to set up (maybe $1,500-2,000) and a lot each year (maybe $1,000 a year) but they give you liability protection. What that means is if there is a significant liability causing event on the farm the farm and your non-LLC assets should be separated. Essentially the creditor could just go after the farm. Of course having good insurance coverage is required no matter what as that is the necessary first line of protection. There may be other benefits to an LLC for example keeping control of a family entity for future generations. I would definitely talk to an experienced estate planning attorney to see what is best for your exact situation.  -John