Properties in a Trust

How do trusts work? For example, say the 33% member of a property entity (for example 123 Avenue LLC) is a trust (irrevocable or revocable trusts). Are these typically for individuals saving for their family and children? What are the pros and cons of a trust as opposed to just listing yourself (individual) as the LLC member?

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Comments (3)

  • VP in RE - Comm
Oct 8, 2021 - 8:27pm

Okay... why have a revocable trust as a member of a LLC and not just another LLC?

Oct 9, 2021 - 12:07am

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