My LLC corporation, can it act as Trustee of a Trust I want to create and fund with a piece of real property.

Attorney answers (3)

1. Licensed in CA

   

   Steven Greenwood

   Thousand Oaks Estate Planning Attorney

   Contributor Level 12

   6

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   Answered March 01, 2012 09:33. The answer to your question is yes. But I am not at all sure why you would do that. What are you trying to accomplish with that design? I think you would be well served to get very clear regarding your priorities to be set in relation to your family and the design elements necessary to meet your goals in relation to those priorities. You question suggests the need to consider the big picture before you make specific decisions that may or may not be in accord with it.

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2. Licensed in CA

   

   Steve Baghoomian

   Pasadena Credit Repair Attorney

   Contributor Level 4

   4

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   Answered March 01, 2012 12:15. I agree with Mr. Greenwood. I do not understand the reasoning behind this... Perhaps you can state your objectives in creating this type of arrangement. This will allow us to give you better insight, or other alternatives to achieve your goals.

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3. Licensed in CA

   

   Frank Chen

   San Marino Real Estate Attorney

   Contributor Level 20

   1

   Lawyer agrees

   Answered March 02, 2012 16:28. Yes you could, but without us knowing your specific objectives, no one call really advise you if such a structure would achieve your desired goals.

   Frank W. Chen is licensed to practice law in the State of California only. The information presented here is... moreFrank W. Chen is licensed to practice law in the State of California only. The information presented here is general in nature and is not intended, nor should be construed, as legal advice. This posting does not create any attorney-client relationship with the author. For specific advice about your particular situation, consult your own attorney. less

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