December 1, 2020, GEM 27 — Traditionally you may think of a limited liability company (LLC) as a business structure that is used to operate a business and protect business owners from certain lawsuits. However, an LLC can also serve as a management and asset protection structure for the family’s personal assets. In today’s podcast, Joe Garniewski, head of Family Office Services for Wilmington Trust’s Emerald Advisory Services, discusses five benefits of using an LLC structure for your family’s assets and explains how a family can become an LLC.
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The information provided herein is for informational purposes only and is not intended as a recommendation or determination that any tax, estate planning, or investment strategy is suitable for a specific investor. Note that tax, estate planning, investing, and financial strategies require consideration for suitability of the individual, business, or investor, and there is no assurance that any strategy will be successful.
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