Land Trust/LLC beneficiary 2% tax

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I am interested in purchasing one of your books.

I had a question before I do so.

I have a commercial property in Pennsylvania.

If I put the property in a Land Trust, and then have the LLC named as the beneficiary

can I avoid the transfer tax of 2%?

If not, wouldn’t it just be as good then to put it into an LLC?


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John, if you own the property now and put it in a land trust, you could sell the beneficial interest in the trust to a buyer and avoid the transfer tax. It is not a good idea to title the property directly into your LLC for many reasons. First, and foremost, you are creating a nexus for a lawsuit when you title multiple properties in ANY entity (Trust, LLC or Corporation). I am happy to explain further if you want to call me and talk.

Mr. LT 217-355-1281

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