If the LLC owns the property and creates a trust for the benefit (useage of the property) of the parents of the members of the LLC, and one of the parents otherwise qualifies for Homestead Exemption, can the property qualify? In other words, the kids have the economic interest of the property. They own it. One of the parents is the Managing Member of the LLC. If the LLC creates a trust and the property is transferred to the trust so the economic interest is still owned by the LLC, is this a way to qualify of exemption if the beneficiary of the trust otherwise qualifies? |