Types of LLTs
A more formal term for a Limited Liability Trust is an irrevocable inter vivos dynasty trust, of one kind or another. Here is a list of the most common types:
Irrevocable Life Insurance Trust (ILIT)
(The Most Common LLT)
Spousal Limited Access Trust (SLAT)
Qualifying Sub-S Trust (QSST)
Qualified Personal Residence Trust (QPRT)
Section 678 Trust (BDIT)
Qualified Lead Annuity Trust (QLAT)
Grantor Retained Annuity Trust (GRAT)
Domestic Asset Protection Trust (APT)
Offshore Asset Protection Trust (APT)
The LLT has arrived.
The LLT has arrived.
DISCLAIMER: This is merely an educational site. Do not rely on the information presented or referenced herein. Nothing herein constitutes legal, financial, tax, investment, or other professional advice. No attorney-client relationship or other professional-client relationship is formed.
c. 2025