James C. asked

💰  Tax

Would it be a good idea for a trustee of a Trust in Florida to purchase investment property for the trust on behalf of the beneficiaries using an LLC to protect the trust and as a tax shelter against creditors, or is it overkill?

October 29th, 2024

Arthur L. answered

It is not overkill to use an LLC for this purpose. In Florida, trust assets are not protected from c...

October 29th, 2024

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