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Sign Up Now!I have been looking into doing one. Why wouldn't you do one?
I am a co-owner of my company and going to be adding a second company for commercial real estate so I'm thinking it might be good to have if something happens to me.
Thanks for the detailed response. I wasn't expecting the full lawyer answer.Well the company survives your death so you wouldn’t need a trust in that situation anyways.
Just have your membership shares transfer on death to whoever you want or what I often do with farm clients and estate planning is set up the LLC so that the other member is who you want to inherit it so when you die it just all goes to that person.
Ex: Dad adds the son on as a member of the Farm LLC and upon his death the LLC all goes to the son immediately so that there is no pause in the day to day running of the business. You don’t want to have to wait to cut checks to pay bills or have to get a signature to deposit revenue, etc.
Especially when what you’re trying to pass on is a business and the other potential heirs or beneficiaries are not part of that business. What often happens with small businesses or farms/ranches you get 1 heir who still lives locally and works on the business everyday and then you have like 1 heir in Omaha and 1 in California who have no fucking clue. You don’t want to have to wait on say the Heir from Cali to approve payments if they are an executor or trustee. Skip all that headache if it’s a business.
TL;DR - read it all cuz brother I charge $300 a hour for consultation visits and that’s basically a summary of what I tell clients coming in an asking questions like that.
We bought a hot tub...it's pretty tits.Anyways, what's good fellas
That's High on the list of new amenities for here in the future. What did you go withWe bought a hot tub...it's pretty tits.
Rolling along with harvest, got a decent chunk of dryland corn out, gonna start in on the first irrigated beans tomorrowI'm sure it's just because it's new to me but I enjoyed mowing grass at my new place. First time in 20 years i can say that.
Doesn't hurt I bought a 25 HP zero turn deere with a 62" deck with the kawasaki motor. She's like a good whore. The faster and harder you give it to her the better she does.
Anyways, what's good fellas
I'll maybe start next weekRolling along with harvest, got a decent chunk of dryland corn out, gonna start in on the first irrigated beans tomorrow
I'll have to check, we bought it from a friend in town that didn't use it anymore. Pretty sweet little deal they gave us, and it works great. Pretty pleased with the find. I'll use the shit out of it in the winter, but has been nice on the few cooler evenings we've had after a long day.That's High on the list of new amenities for here in the future. What did you go with
All I read is:We bought a hot tub...it's pretty tits.
Don’t worry man, your wife will be back open for business soon! Just stay strong.All I read is:
"Pretty tits"
7 days out from my last murder trial of the year.
Double homicide. 19 year old shot/killed an 18 and 21 year old.
Just damn kids.
A LotR gif gets a like from me every time
its in the back of my mind to bring a trailer load down. i mean im probably not going to, but youre about 5-10 bucks higher than anywhere here. huss is still close.What's up fellas?
Started picking corn today.
@scotchfrost9697 you see that dick flex of a market report?