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Updated almost 5 years ago on . Most recent reply

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2
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0
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Bill Johnson
  • New to Real Estate
  • Atlanta, GA
0
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2
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Revocable Trust for LLC

Bill Johnson
  • New to Real Estate
  • Atlanta, GA
Posted

Hello,

I am in the process of setting up a real estate holding LLC and I wanted to place the holding company (and obviously all of the subsidiary LLCs) into a Revocable Trust to avoid Probate Court in case my untimely death. What is best flow for doing this:

  1. Set up the holding LLC first, then transfer to the Trust
  2. Set up the ownership of the LLC as the Trust at the time of the LLC formation

I'm assuming the latter is less expensive and time consuming but not clear if you can do both at the same time.

Thanks

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