LLT:
A new name for old trusts
THE BACKSTORY
Over the course of the past quarter century in the United States, Limited Liability Companies have become commonplace.
Meanwhile, well-proven trusts often provide liability protections and tax optimizations that may dwarf what an LLC can accomplish.
THE LEGAL STORY
Law books use complex words like “revocable” and “irrevocable.” More confusingly, trusts are not legal entities. They are legal structures and legal relationships. Not all provide limited liability protections.
We gave the list of relevant trust types a more memorable name - Limited Liability Trusts (LLTs).
In a simple example, someone’s investment assets may be held in LLCs, which in turn are held in an LLT relationship.
OUR STORY
Our effort is philanthropic and educational. We have no trademark on the LLT, nor any commercial agenda. All we do, for now, is record videos of subject matter experts discussing LLTs, and post those videos here.
YOUR STORY
If you are a subject matter expert interested in bringing the LLT term into the legal lexicon, we’d love to hear from you.
The LLT has arrived.
Bringing the LLT into the legal lexicon.
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c. 2025