[WSBAPT] LLC owned by Trust

[amanda_wilson at olypenlawoffices.com]

My potential clients want to set up an LLC to hold their rental properties
(8 apartments in two buildings here in WA). They also want to set up a
Revocable Living Trust for themselves (husband has health issues and they
have a condo in CA). Their estate is approximately 1.5 million.

 

They eventually want the LLC to be owned by their son, who will be a
subsequent beneficiary under their trust as well.

 

I have never set up an LLC to be owned by a Trust. I am not sure I
understand what the benefits are. Could someone tell me the short version
of what the Pros/Cons are?

 

Amanda Wilson

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