Posted by Robb Hurst, CPA on November 28, 1999 at 19:24:18:
Single member LLC’s are treated like any other item for your estate. You would own 100% of the stock in the LLC (just like owning Coke stock) and that stock in the LLC would transfer to your heirs just as any other property. I’m not sure the LLC would stay in existence after your death…The heir who inherits it would probably have to set up his/her own LLC. Email me at robbhurst@bigfoot.com if you have any questions. You really need to go through some of these issues with a competent CPA in your area and your attorney.
Robb