Question: There are two separate irrevocable Grantor trusts each with a grandchild listed as the beneficiary of the grantors, both of these trusts have 5 0
There are two separate irrevocable Grantor trusts each with a grandchild listed as the beneficiary of the grantors, both of these trusts have ownership of a Florida LLC which owns $ million in real estateoperating ranch Florida LLC sells a portion of the real estate for $ Million cash after income tax
LLC plans to invest the cash in an automobile dealership.
What planning should be considered, if any, regarding the sale of the ranch
and purchase of an automobile dealership?
Why would we make grantor trusts the members partners of the LLC
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