Can I use an LLC as an estate planning tool?

Limited Liability Companies (LLCs) are sometimes used to transfer ownership of property, particularly within family-owned and operated businesses where the founders or more senior members of the family are ready to start cutting back on their involvement in the business. LLCs can also be used with a Trust to create a useful and flexible combination allowing assets to be changed, or their ownership or management to be changed, within a Trust or directly. A Trust can even be the single member (owner) of the LLC.