05/29/2026
Many business owners assume a transfer-on-death (TOD) deed can seamlessly move an LLC interest into a trust. In Virginia, that assumption can create serious problems.
This week’s legal alert from Dunlap Law explains why LLC membership interests often do not transfer through TOD instruments the way people expect — and why estate planning documents and LLC governance documents must work together.
A well-drafted estate plan can still fail at the corporate door if the proper corporate steps were never taken.