Estate Planning
In Florida, is the use of a LLC comparible to a Irrevokable Trust but with more control? What are the pros and cons of each?
1 Answer from Attorneys
Re: Estate Planning
NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.
There is no relationship between the two. An LLC is a limited liability company used for the formation of a business entity. An irrevocable trust is a trust agreement used for estate planning and asset preservation.
Scott R. Jay, Esq.
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