I am setting up a land trust for privacy purposes. Can I have my CA single member LLC as a trustee to my CA land trust? Should I set up an LLC in another state for my CA land trust?
RoseAnn, You can do that but i wouldn’t. I teach my students to use individuals as trustees for many reasons too numerous to explain here. Regarding your second question, it depends on if you are setting up a single-member LLC or a multi-member. In addition, some states have better LLC laws than others. These are all issues you need to inform yourself about prior to taking action. I would be glad to help you in any way. Feel free to call me at 217-355-1281
Mr. Land Trust