Can I Put Mortgaged Rentals Into an LLC and Then a Trust? | NC

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Q: Can I put rental properties with mortgages into an LLC and then place that LLC into a trust? A: Yes — often you can. A common setup is to transfer the rental properties into a limited liability company first, then assign the ownership interests in that limited liability company to your revocable trust. That can help with probate avoidance and keep the trust in control if you die or become…