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Updated over 7 years ago on . Most recent reply

Jeff Krauss's profile image
Jeff Krauss's profile image
Jeff Krauss
  • from Portsmouth, Virginia
  • Member since May 10, 2017
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Jeff Krauss's profile image
Jeff Krauss's profile image
Jeff Krauss
  • from Portsmouth, Virginia
  • Member since May 10, 2017
Connect
Jeff Krauss
  • Portsmouth, VA
10
Votes |
5
Posts
Goals, Business Plans & Entities

Business Trust for Multiple Properties vs. Multiple LLC's

Jeff Krauss
  • Portsmouth, VA
Posted

My estate planning attorney is advising to place multiple rental properties into a business trust where the properties within the trust are sheltered from each other in lieu of placing them in multiple LLC's. This simplifies things for my heirs and supposedly accomplishes the same protection that multiple LLC's afford. Has anyone else done this? Is there any tax consequence differences?

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