Real Estate Resolutions: Trust Versus LLC
Author: Holly Oak
In an article published in the Oct. 27, 2017 print edition of Columbus Business First, and as part of the Columbus Bar Association’s Legal Connections, Holly Oak discusses why it may be advisable for individuals to hold real estate interests in an entity rather than in their personal names due to anonymity, liability protection or avoidance of probate. The article details, “Two of the available options for clients are holding real estate in an irrevocable trust or in a limited liability company (LLC).” Holly emphasizes, “Both a trust and an LLC are created under state law, but they are two very different legal vehicles offering distinct advantages and disadvantages.”
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