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Updated about 6 years ago on . presented by

User Stats

19
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0
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Helen Lee
  • Chicago, IL
0
Votes |
19
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transfer property from trust to llc

Helen Lee
  • Chicago, IL
Posted

I want to transer my property which is owned by my personal trust to a LLC I just set up. The property is in Michigan. It's currently in state forest program for tax deduction. Now I wish to transfer it to a LLC. Here is the question:

1. Will I lose the tax deduction from forest program?

2. Currently the LLC is under my name. Can I change the owner of the LLC to my trust?

3. Can I do the transfer with a quit cliam deed in Michigan?