LexisNexis® Legal Newsroom
Can You Move An UTMA Account To An LLC?

By Adam J. Gottlieb In February and June, I wrote about two options available to an UTMA Account Custodian. A Custodian may consider moving the UTMA property to a 529 Plan or to a Trust. Here I will discuss moving UTMA property to a Limited Liability Company ("LLC") or Limited Partnership...

Estate Planning and the Limited Liability Company

Clients may create and transfer assets to a Limited Liability Company with the intent of limiting liability. But first they much identify the source of the liability. If the liability comes from a transaction outside the LLC, such as a car accident while on a personal errand, the client's interest...

LLCs and Wills

By Stephen Taylor Oast & Hook has previously examined the growing popularity of the limited liability company ("LLC") as a valuable tool for estate and business succession planners and their clients. See "Limited Liability Companies: The Entity of Choice for Estate and Business...