How does a family LLC work?

When a person establishes a family LLC, they essentially create a corporate entity through which they can gift assets to children, grandchildren, and other family members. A single member of the family will typically be designated as the manager of the company. The designated manager can transfer assets to heirs through a mechanism that minimizes tax burdens.

What assets can a family LLC be used to protect?

You may be able to use a family company to protect various types of assets, including real estate, vehicles, personal possessions of all kinds, and funds in bank accounts. Cohler Law often uses family LLCs as solutions for protecting valuable properties, such as family farms, mountain cabins, and seaside cottages. Passing down these large assets through other means can lead to significant estate tax burdens that, in some cases, could be high enough that your family could no longer afford to keep the property. Through the use of a family company, you can help ensure these assets can remain within the control and possession of your family.

What are the estate planning benefits of establishing family companies?

Family LLCs can provide numerous benefits when it comes to estate planning law, as well as business law. The exact advantages this solution can give rise to depend on the specifics of your situation, but potential benefits of a family LLC include reducing the tax burden on an inheritance, limiting liability for lawsuits, and protecting high-value assets. A family LLC isn’t the right choice for every situation, but in the right circumstances, this solution can offer significant benefits to your family.

How is a family LLC different from a trust?

A family LLC is a business structure, while a trust is a legal arrangement that places a grantor’s assets in the management of a trustee. Both options can be used strategically to put together an estate plan that provides the comprehensive protection your legacy requires. There are important differences between a family LLC and a trust. Managing a family LLC is somewhat more complex than serving as the trustee of a trust, and establishing a family LLC may cost more than setting up a trust. However, a family LLC may provide some benefits a trust does not provide, including greater protection of the family from liability and of the asset from creditors. Weighing solutions like family LLCs and trusts and deciding how to structure your estate plan for maximum benefit is a task you shouldn’t attempt without the guidance of a knowledgeable Marlton family LLCs & trusts attorney. Cohler Law is here to help you make sense of your options and develop the personalized plan that best serves your family’s legacy.

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Marlton Family LLCs & Trusts Attorney

Family LLCs & Trusts Lawyer in Burlington County, NJ Assisting With Family Wealth Preservation in Marlton, Cherry Hill, Voorhees, Mount Laurel, Medford, and Throughout South Jersey

When you have a family legacy to protect, creating a family LLC is one advantageous solution you may not have considered. An experienced Marlton family LLCs & trusts attorney at Cohler Law can help you protect assets and inheritances and shield your legacy from heavy tax burdens.

We take seriously the responsibility of securing our clients’ legacies. Contact us today to find out how a dedicated family LLCs & trusts lawyer in Burlington County, NJ, can help you form family companies as a strategic estate planning solution.

Help Protecting Your Legacy Through Family LLCs in Marlton, NJ

When you have significant assets to protect and are facing a potentially large inheritance tax burden, a family company could provide the solutions you need. As a Marlton family LLCs & trusts attorney, Cohler Law can help you establish a family limited liability company (FLLC) or a family limited partnership (FLP). Through either structure, a family company ensures that managers or partners can provide gifts to children, grandchildren, and other family members through a collective corporate entity.

The Benefits of Estate Planning Using Family Companies

Why should you bother consulting an attorney and establishing a family LLC? Couldn’t you pass down these assets through wills, trusts, or other estate planning tools?

Family companies offer specific advantages that these other forms of estate planning don’t provide, including:

Securing a legacy that can be passed down over time to children and other family members
Minimizing estate taxes so that your family can retain more of the generational wealth that forms your legacy
Limiting the family’s liability for lawsuits, thus ensuring assets in the family LLC can remain in the family
Protecting assets such as business interests, real estate, vehicles, and other high-value investments

It takes an experienced Marlton family LLCs & trusts attorney to determine whether a family company is the best option for achieving the unique goals you have for preserving and passing on the specific assets in your possession. Cohler Law is here to help you consider all options and begin moving forward.

Using Charitable Trusts in Estate Planning

Some legacies extend beyond an individual family’s inheritance. If you want to use your resources to leave a legacy that makes a broader difference, consider whether a charitable trust is the right choice for you.

Through a charitable trust, a grantor can channel assets they wish to donate to a charitable, religious, educational, or scientific cause or organization. Putting these assets in a trust can provide tax benefits, allowing you to make sure the cause you’re passionate about receives more of the money you wish to donate.

How Cohler Law Can Help

At Cohler Law, we recognize the value that strategically establishing a family LLC or charitable trust can offer. We assist clients in creating both family limited liability companies and family limited partnerships, which are two different types of family companies. We’re also equipped with the skills to create numerous types of trusts, including charitable trusts, as part of your estate plan.

With us developing your strategy, you will have the opportunity to speak to a seasoned family LLCs & trusts lawyer in Burlington County, NJ, about your unique assets, priorities, and concerns and receive customized guidance on what solutions are right for your needs.

Why Choose Cohler Law?

For help protecting your legacy, you need an experienced Marlton family LLCs & trusts attorney who understands complex issues in estate planning and can guide you toward the solutions that are right for your family. Throughout South Jersey, families turn to Cohler Law for estate planning help because of our long history of legal practice, comprehensive range of solutions, and commitment to making meaningful estate plans that preserve everything generations of families have worked for.

Decades of Successful Estate Planning Experience

Cohler Law has helped South Jersey families secure their legacies since 1991. We’ve devoted decades to protecting our clients’ assets and investments through our effective services in estate planning, estate administration, and real estate law.

Comprehensive Legal Guidance You Can Rely On

If you’re contemplating a family LLC or a charitable trust, you need to consider not only how these solutions can help you achieve your goals but also how they fit into your overall estate plan. Cohler Law provides comprehensive legal support focused on protecting our clients’ assets and providing for their families. We handle all aspects of estate planning, from writing wills and setting up trusts to crafting power of attorney documents to meet each client’s individual needs. Whatever services your estate plan requires, you can count on us to skillfully and strategically develop the approach and legal documents needed to give your family peace of mind.

A Commitment to Providing the Legal Support You Need to Secure Your Family’s Future

Estate planning isn’t just about money. It’s about ensuring that this legacy that generations of your family have worked hard to build can be passed on to the next generation. It’s about taking care of your loved ones and providing for their future, even in the face of uncertainty. Having seasoned legal counsel is critical to ensuring the distribution of your assets proceeds according to your wishes. As an experienced family LLCs & trusts lawyer in Burlington County, NJ, Cohler Law is known for developing meaningful estate plans that provide peace of mind and important advantages to our clients and their beneficiaries.

Contact a Marlton Family LLCs & Trusts Attorney at Cohler Law Today for Help Navigating Complex Estate Planning Issues

The more complex your estate, the more important it is that you have a personalized estate plan that meets your family’s needs. Under the right circumstances, a family LLC or charitable trust can offer advantages other estate planning tools don’t. Professional legal support can ensure you’re ready to make sound decisions informed by clear information and the guidance of a knowledgeable estate planning attorney.

For help from a family LLCs & trusts lawyer in Burlington County, NJ, contact Cohler Law online or call 856-644-1969 today.

You may be able to use a family company to protect various types of assets, including real estate, vehicles, personal possessions of all kinds, and funds in bank accounts. Cohler Law often uses family LLCs as solutions for protecting valuable properties, such as family farms, mountain cabins, and seaside cottages. Passing down these large assets through other means can lead to significant estate tax burdens that, in some cases, could be high enough that your family could no longer afford to keep the property. Through the use of a family company, you can help ensure these assets can remain within the control and possession of your family.
Family LLCs can provide numerous benefits when it comes to estate planning law, as well as business law. The exact advantages this solution can give rise to depend on the specifics of your situation, but potential benefits of a family LLC include reducing the tax burden on an inheritance, limiting liability for lawsuits, and protecting high-value assets.
A family LLC isn’t the right choice for every situation, but in the right circumstances, this solution can offer significant benefits to your family.
A family LLC is a business structure, while a trust is a legal arrangement that places a grantor’s assets in the management of a trustee. Both options can be used strategically to put together an estate plan that provides the comprehensive protection your legacy requires.
There are important differences between a family LLC and a trust. Managing a family LLC is somewhat more complex than serving as the trustee of a trust, and establishing a family LLC may cost more than setting up a trust. However, a family LLC may provide some benefits a trust does not provide, including greater protection of the family from liability and of the asset from creditors.
Weighing solutions like family LLCs and trusts and deciding how to structure your estate plan for maximum benefit is a task you shouldn’t attempt without the guidance of a knowledgeable Marlton family LLCs & trusts attorney. Cohler Law is here to help you make sense of your options and develop the personalized plan that best serves your family’s legacy.

Meet Our Team

Abby N. Cohler

Abby N. Cohler, Attorney at Law, established her practice in 1991 and has diligently assisted clients in Marlton and throughout New Jersey in crafting meaningful and effective estate plans. These plans are designed to protect assets, preserve client wishes, and establish family legacies.

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Adam L. Cohler

In 2023, Adam transitioned to private practice, partnering with Abby N. Cohler, Esq. Together, they offer personalized and dedicated legal representation. Adam is also deeply involved in the legal community. He serves as a Trustee for the Camden County Bar Association and as the Young Lawyer Chair.

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