Family Limited Liability Companies
There are many occasions in which a transfer of wealth from one generation to another is desired to be accomplished. There are a number of vehicles that can be used to accomplish this goal primarily the vehicle of choice today is the Family Limited Liability Company. Whether you're passing your wealth to a child, grandchild, or other family member, call Hoyt & Stanford to make sure it's done right.
Tax and Management Advantages
The use of such a vehicle has numerous tax advantages and management advantages which will allow it to be a useful tool to transfer wealth to a younger generation in the form of stock in the LLC rather than assets outright.
Ted W. Hoyt practices in Family Limited Liability Companies.