Self Directed IRA (SDIRA) - Legal?

[Luke Hadden]

We're trying to invest into a tort litigation fund. The entry amount is more than I have in my self-directed IRA account. In order to get into this asset class, my brother and I plan to combine our self-directed IRAs.

Here's the idea.

My brother & I create an LLC with the members being our IRAs.

Our SDIRA custodian will deploy the funds into the LLC, then we deploy the funds into the tort litigation fund.

All insight is appreciated. 

Thank you,

[Mat Sorensen]

Luke,

As long as you are not an owner or would benefit outside of the IRA from investing in the fund I do not see any reason why you could not.