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http://ssrn.com/abstract=1552482
 
 

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Ten Estate Planning Advantages of Limited Liability Companies


Paul L. Caron


Pepperdine University - School of Law

1996

Tax Notes, Vol. 70, p. 998, 1996
University of Cincinnati Public Law Research Paper No. 10-06

Abstract:     
In the eight years since the Service blessed the Wyoming limited liability company (LLC) statute, there has been an explosion of interest in LLCs, which are now available in 48 states and the District of Columbia (with Hawaii and Vermont the lone holdouts). See Bruce P. Ely, "The LLC Scoreboard," Tax Notes, Dec. 25, 1995, p. 1661. Although much has been written of the uses of LLCs in tax and business planning, comparatively little commentary has focused on the role of LLCs in estate planning. The LLC treatises generally devote little attention to estate planning issues, and there have only been a few estate planning articles that discuss the advantages of LLCs compared to S corporations, limited partnerships, and trusts. (A listing of these treatises and articles appears at the end of this article.) After a brief introduction, this article discusses 10 estate planning advantages of LLCs compared to the other forms of organization.

Number of Pages in PDF File: 7

Keywords: Tax, Tax Planning, Estate Planning, Limited Liability Companies, LLCs

JEL Classification: K34

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Date posted: February 13, 2010  

Suggested Citation

Caron, Paul L., Ten Estate Planning Advantages of Limited Liability Companies (1996). Tax Notes, Vol. 70, p. 998, 1996; University of Cincinnati Public Law Research Paper No. 10-06. Available at SSRN: http://ssrn.com/abstract=1552482

Contact Information

Paul L. Caron (Contact Author)
Pepperdine University - School of Law ( email )
24255 Pacific Coast Highway
Malibu, CA 90263
United States
310.506.7521 (Phone)
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