A revocable living trust isn't right for every Purcell family. For multi-generational landowners with family land and mineral interests, or longer-tenured households with significant equity, a trust often earns its keep.
When a Purcell trust makes sense
- Significant home equity in a longer-tenured Purcell home.
- Family land in multiple sections.
- Mineral interests producing royalties.
- Property in multiple counties or states.
- Privacy concerns.
- Beneficiaries who need long-term management.
Purcell family land in a trust
For Purcell families with multi-generational land, the trust typically holds an LLC interest rather than the land itself. The LLC owns the land for liability and operational reasons; the trust owns the LLC interest for probate-avoidance and succession reasons.
Trust funding done right
A trust that hasn't been funded is just paper. We handle funding as part of the engagement: deeds recorded at the McClain County Clerk, mineral assignments, accounts retitled, and LLC interests assigned.