Many families today hold real estate through LLCs for asset protection and liability reasons. At the same time, more and more are using revocable and irrevocable trusts as part of their estate plan to avoid probate, protect privacy, and plan for smooth wealth transfers.rnrnBut what happens when those two tools intersect?rnrnCan a trustee automatically step into the shoes of a deceased LLC member? Will the operating agreement recognize that trustee as a valid decision-maker? And what if it doesn’t?rnrnThese questions often come up during moments of transition—after the death of a parent, during a refinance, or when it’s time to sell inherited real estate. At that point, if the documents weren’t set up to speak to each other, the result is confusion, delay, and sometimes conflict.
Reena Gulati Blog
Many people believe trusts are only for the ultra-wealthy, but they're actually valuable planning tools for many families. As a trust attorney serving clients throughout Long Island and New York, I often find that understanding trust income is a key concern for both trustees and beneficiaries.
Most people think a will is enough. It’s not, especially when your family is left sorting through court filings, unexpected delays, and costly legal fees after you're gone.rnrnA revocable living trust is one of the most powerful tools in estate planning, offering flexibility during your lifetime and simplicity after your death. Unlike a will, a revocable trust allows your chosen trustee to manage and distribute your assets without court intervention. That means no probate. No waiting. No confusion.
If all you needed for estate planning was a document, you could grab a will from Staples or download a form online. But estate planning isn’t about paperwork—it’s about protecting your family, your assets, and your legacy.rnrnThe Difference Between Documents and a Real Plan
Blended families bring love and connection but also introduce unique challenges when it comes to estate planning. If you have children from a previous relationship and want to ensure they receive their rightful inheritance, strategic planning is essential. Without a well-crafted estate plan, assets may not be distributed as you intended, potentially leading to disputes and legal complications.
