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...
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
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...