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So all one needs to do to avoid estate taxes is put the money in an LLC, and then transfer ownership of the LLC after death? That sounds absurd! Given that it t
by littletimmy 11y ago
So all one needs to do to avoid estate taxes is put the money in an LLC, and then transfer ownership of the LLC after death? That sounds absurd! Given that it takes some few thousand to create an LLC, any rich person can avoid tax this way!
- jayess 11y agoNo, it doesn't work that way. I don't see how any estate taxes are being avoided here. The "says.com" article quoted gets so much wrong about how LLCs work.
- maxerickson 11y agoMaybe check to see if it actually works that way before getting too excited about it.