Create an LLC and put the LLC in an irrevocable trust with my son as the sole trustee, whereas the irrevocable trust will say that during my lifetime the rental property is for my benefit and at my passing for his. (I have only one child) The only member of the simple LLC shall the...
Irrevocable trusts Ifgifting strategies are part of your financial plan, we will help determine the right trust structures for your gifts. Power of attorney If needed, this document allows you to authorize someone to make financial, business or personal decisions on your behalf. ...