JoshDom1898
Member
What is the name of your state (only U.S. law)?
I am the sole member of an LLC. I am engaged to be married (2 year engagement). My fiance does not want to be a member of the LLC (and be a part of the business) until we are married. However, if I die, I want her to have 100% of the ownership of the LLC.
My thoughts were to set a will to convey to her my 100% ownership in the LLC, but the will has to go through probate and I want to avoid that.
My other thought is we could set up a revocable living trust (which would avoid probate). But, can we do it while we're not married, as most trust are for couples.
You're advice is appreciated on how to avoid probate, but transfer my 100% ownership in the LLC to her if I die before and after we are married.
I am the sole member of an LLC. I am engaged to be married (2 year engagement). My fiance does not want to be a member of the LLC (and be a part of the business) until we are married. However, if I die, I want her to have 100% of the ownership of the LLC.
My thoughts were to set a will to convey to her my 100% ownership in the LLC, but the will has to go through probate and I want to avoid that.
My other thought is we could set up a revocable living trust (which would avoid probate). But, can we do it while we're not married, as most trust are for couples.
You're advice is appreciated on how to avoid probate, but transfer my 100% ownership in the LLC to her if I die before and after we are married.