Trust Advisor Training Week #7 - Audio

Dr.Gina Gaudio-Grace1h 38min

Dr.Gina Gaudio-Grace

00:02

Welcome, everyone to the abundance group trusted advisor training for August 9 2020. To better my right, this is week seven. Awesome. So today we're gonna finish up on the personal trusts instructions and move into the business trusts instructions. But before I do that, anybody have any celebrations as a trusted advisor?

Dr.Gina Gaudio-Grace

00:39

Okay, I'll let you off the today, guys. But only today, Samantha as a scenario she would like to bring to the group and see who would like to advise on it. So Samantha, take it away.

Speaker 1

00:55

Okay, so the client has an LLC, and they have a personal trust. So they needed to know how much percentage the LLC can own. I mean, the the trust can own for the LLC. And then they wanted to know what it's called to connect the two, I know what it's called, but I'm just bringing it up on the topic. So there's a document to connect the two. And so I wanted to see if we all were on the same page with that, that that's to start. I can ask my question afterwards. More.

Dr.Gina Gaudio-Grace

01:32

Awesome. So he's got a good answer.

Speaker 2

01:37

So I think it's a 90% trusted becomes a 90%. limited partner, and the LLC and I did the LLC operating agreement.

Dr.Gina Gaudio-Grace

01:45

It's an amendment to the operating agreement, the file name is called LLC operating agreement. Okay, but if you open it up, it's actually two documents. Anybody know, two documents, those are.

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