Can LLC or Corporation Be a Grantor

Can LLC or Corporation Be a Grantor

Yes it can be. If the LLC or Corporation is the grantor of the trust, it would not own the trust assets and could not directly control them. Further, one would lose the asset protection benefits provided by an LLC or Corporation.

It is often better to put the entity or business into the trust, providing both asset protection and estate planning benefits. Speak with an attorney to explain the available options.

NOTE: Take precautions that an entity is not 100% owned by a single trustee as it could result in a "grantor trust" since control was not relinquished.
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