How to Set up Your LLC With a Living Trust

I work with a lot of people who come to us that want to set up limited liability companies, and they have a living trust. They've been told, "everything's supposed to go into my living trust."

And that's true.

However, there's something you should consider when you're setting up an LLC, even though you have an existing living trust. This brings up the question, "should you put your living trust as the initial member on any filings that are submitted to the state?"

Be sure to watch one of my other videos where I talk about the benefits of having a living trust and what it can do for you by avoiding probate.

Here is a complete guide on how to set up your LLC with a Living Trust. This is what you need to know to do it right. Check it out!

Here is a sample assignment document for the transfer of an LLC to a living trust
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ABOUT CLINT COONS

Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.

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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#livingtrust #LLC

[livingto]

You are helping me create generational wealth. Thank you!

[dasfahrer]

Devil is always in the details so it's really good to see some of the real-life gotcha's that nobody ever seems to talk about.

[davidmatthews]

Love it!! Our kids are studying your videos We are glad to be your clients.

[sienalaurel]

What do you do with the Assignment? Keep it in your personal files? Do you need to submit a copy to the SOS?

[lynu]

Thank you for sharing your experience - this is really great knowledge! I might've made a huge problem for my future self if I had not seen this video. 👏

[skashan]

And you are TOTALLY right! Before I saw your video I was trying to figure out myself how to put my llc in my trust so I made the trust 25% AND LO AND BEHOLD the bank wanted all my trust documents & it had to get approved which took days…such a hassle so for my other LLC’s I will try the assignment. Thank you!

[lamanchamediatube]

This is great. Have been pulling my hair out on this until now. One other strange thing. You cannot get an EIN online if you create your LLC inside your Living Trust. So one more reason to do it this way! Thank you!

[AlonzoLivin]

Your answering all my questions in perfect timing. Thank you 4:40

[catchnote]

Love love this, thanks 😊 so much for this information.

[markrigney]

Do you have an example of Assignment of interest template that I can use?

[ebrionez]

Thanks for doing all of these videos. Your explanations are easy to follow and help me make sense of it

[GayManBlog]

BRILLIANT! So happy I came across your page

[loctran]

Thank you for the video, so helpful! Do you have an example of Assignment template that I can use?

[uhohotdog]

Thanks U have helped me & my kids tremendously 😀

[LeadsForLocals]

If you name yourself as the manager and member of the LLC when you create it, and then assign your membership to the trust afterwards, would this impact charging order protection at all? Would it make it stronger since you're no longer a member of the LLC?

[starseed]

Hi Clint, Who can create the letter of assignment of interest? Can I write it myself? Do I need an attorney for that?

[AdrianMcMillian]

Thanks for sharing this, Clint! Where can I find an example of a California Assignment document (to transfer an LLC into a Living Trust)? Your advice is greatly appreciated!! Thank you!

[edwinolavarria]

Is there a major difference in assigning (statement) the LLC to the LT or just issuing the shares to the trust. Maybe doing both?

[MusafirsSoul]

As ever! Wealth of TRUE info! One question, if assignment is just on paper then where is the need to assign it back on paper in case it needs to be. Can't the assignment document be just ignored and carry on business like nothing changed..

[lettherebelight]

Hi Clint. Thank you so much for the valuable and informative content you and your team provide! 🙏I recently came across your video regarding the 2021 Corporate Transparency Act. If one is looking for the maximum Anonymity for their real estate Portfolio. Could I do something similar to what you suggested and file an "Assignment agreement" transferring my holding company Wyoming LLC that owns my NY business LLC's - to a Business Trust instead of a living trust ? 🤔I'm simply trying to minimize if possible, and or prevent disclosing private Info to FinCEN, or showing up on the secretory of state website. Thank you so much for what you do, and educating the public 🙃