How LLCs and Trusts work together

How LLCs and Trusts work together

#estateplanning #cmslawfirm #probate

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Christopher Small is the owner of CMS Law Firm LLC. He created it with one goal - help YOU live a great life and leave a great legacy.

You'll find information here on estate planning, probate, revocable living trusts, irrevocable trusts, life insurance trusts, charitable giving, wills, trusts, power of attorney, medical power of attorney, trustee selection, and everything in between.

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[angelav]

I was wondering how to structure rental properties in an LLC and trust. Thanks Chris! I love your content.

[slantedlovestories]

This was very brief, yet an educational breakdown.

[batmanbluedarker]

I was looking for this for a long time thanks

[carterfamily]

Thanks for the info!

I heard that a trust can b used as collateral in a lawsuit, would that make a LLC vulnerable as well?

[leondrawsp]

Can you take on a case in pierce county Washington

[micahiaharrell]

How do you choose a trust fund company? What should I look for when I am choosing?

[diogoramiro]

so this means... that they can't come after the home because is owned by a trust? I'm new trying to understand this because I want to do this. leaning now

[ElidaeDanh]

I AM OBSESSED. THE BEST, And The REST😫💅🏽

[joeysjourney]

I've been trying to establish my irrevocable living trust, but you are talking about a revocable living trust, so I'm confused as to the difference. More research I guess. What about the cestui que vie trust? Is that a thing or not? Thanks

[daymackgaming]

Looking to find out more on this subject. Can you point me in the direction of some books maybe or something? TIA!

[kyrabrown]

Hi Mr. Smalls, so do I need money/or a certain amount of money to establish a Trust? And if I establish a Trust through you or any lawyer, what will that run me?

[dman]

Thanks for the video...I have a few LLCs with rental homes and a brokerage account...when I put my trust together, would I have to change the LLC's beneficiary to the name of the trust?...or is it done in the operational agreement?

[TheHealersHaven]

Would it be smart to open the trust first or create the LLC first ?

[atruagent]

we are in MO an have a few ?s
PM use please

[josephbaginski]

Do I need insurance for the llc if it’s just for holding

[RoderickFreeman-ru]

Say if I have drug charges pending with a LLC business with property n land and if I get a trusts. Will it protect my assets? From being taken ?

[freddylong]

Rev Trust doesn’t offer creditor protection in many states.

[KenKammal]

Hi Christopher Hope all is beautiful... Question... if I have a Trust that I want to have 100 ownership of a Holdings Co I am forming... should I form the Holdings Company as an S-Corp or LLC?

[robindennis]

If the revocable trust is a joint trust in a non-community property state does that mean the LLC is then a multi member LLC since the revocable trust is disregarded for tax purposes and therefore the LLC is own 50/50 by husband and wife?

[gordonau-hoon]

So I need to have valuable assets like houses 🏘️ and stuff first, I don't know im trying to learn this?