Episode Details
Back to EpisodesYou Can Put An Out Of State Business In A California Trust
Published 1 year, 8 months ago
Description
Free Estate Planning Strategy Session for California Residents
www.ocestateplanlawyer.com
It's completely permissible to place an out-of-state business, such as an LLC, into a California living trust. If you own a business registered in another state, you can still include it in your California trust to ensure it's properly managed and passed on according to your wishes. This is especially important for business owners looking to avoid probate and simplify the transfer of their company to heirs. By transferring ownership of your LLC to your living trust, you maintain control of the business while alive, and upon your passing, the successor trustee can step in and manage or distribute the business assets as directed. This approach provides continuity for the business and protection for your estate. It doesn't affect the registration or operation of the business in its original state but ensures it's part of your overall estate plan. If you're in California and want to include your out-of-state LLC in a living trust, click the link in my bio to schedule a consultation and learn more. #EstatePlanning #LivingTrust #FillThatBucket #Pevney #financialfreedom #orangecounty
www.ocestateplanlawyer.com
It's completely permissible to place an out-of-state business, such as an LLC, into a California living trust. If you own a business registered in another state, you can still include it in your California trust to ensure it's properly managed and passed on according to your wishes. This is especially important for business owners looking to avoid probate and simplify the transfer of their company to heirs. By transferring ownership of your LLC to your living trust, you maintain control of the business while alive, and upon your passing, the successor trustee can step in and manage or distribute the business assets as directed. This approach provides continuity for the business and protection for your estate. It doesn't affect the registration or operation of the business in its original state but ensures it's part of your overall estate plan. If you're in California and want to include your out-of-state LLC in a living trust, click the link in my bio to schedule a consultation and learn more. #EstatePlanning #LivingTrust #FillThatBucket #Pevney #financialfreedom #orangecounty