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Living Trust for Husband and Wife with One Child South Carolina Form

Living Trust for Husband and Wife with One Child South Carolina Form

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[Music] you have an llc with your spouse do you need to trust one for each or will one living trust for both with the llc documented in it okay this is a great question i'm killing trees here julie i love it julie has a spouse now some of you are single so you're gonna have one trust that's easy but if you're married you really have two options you could have one joint revocable living trust and percent of my clients we do a joint revocable living trust and then the trust owns the llc 100 percent so it's still marital property and if you die your surviving spouse takes over if you both die we already talked about that so the llc is owned by the trust it's non-taxable transfer it all works easy schmeezy the llc owns the property now the other option is sometimes i'll do a trust for the husband and a trust for the wife and then we tie the two together with kind of some provisions now some of you may say mark why would you do this we

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