Trustee And Beneficiaries...
When Creating a Land Trust can the Trustee be an LLC, if at the same time the officers of the LLC are also the beneficiaries?
Can the trustee be a member of the LLC if the LLC is the beneficiary?
This is in Arizona BTW[ Edited by BiGWaVe on Date 03/28/2004 ]
Yes, The trustee can be a member of the LLC that is listed as the beneficiary.
I would not make the "LLC" the trustee in a multi-member LLC though, Too many variables.
Jeff