An LLC interest held outside of a trust is considered personal property and subject to probate upon the owner’s death.
You can spare your successor trustee that pain, and spare your estate the cost of probate, by transferring your LLC interests to your trust. Doing so can help you achieve your major estate planning objectives and pave the way for a smooth and hassle-free transition of your LLC to your beneficiaries.
Here are common steps for conveying your LLC ownership to your trust:
Be sure that your LLC’s operating agreement allows you to transfer your interest to a trust. If