I recently got one of those "join us for a gourmet meal at Jill's Diner and learn how to protect your assets from probate and the government" mailers. Enclosed was a list of things I would learn. Item 3 on this particular list was "Why every estate plan should include an LLC."
It's clear that the estate planning industry has latched on to the idea that LLCs are key features for estate planning involving real estate. At least that's the case here in Massachusetts. If I ever decide to go to one of these marketing events, I'll pay attention to the LLC discussion and report back here. So far, a little online research shows that some attorneys are talking about a family trust being the owner of a single-member LLC to operate a business to protect the family from debts of the business and to provide for continuation of the business in the event of the grantor of the trust.
Until then, I'm with Randy. I think it's tenuous.
John S. Burnett
Fighting for Compliance since 1976
Bankers' Threads User #8