So, we have a revocable living trust. Everything is titled in the name of the trust. We pay the taxes on the investment income, which is "passed through" to us. I'm sure we are far from the only folks here who have done this.
So, here's a thought for discussion: Should one consider forming an LLC and moving assets around from a titling perspective in an effort to capture the new tax rates and the 20% deduction on income? What kinds of things would likely be involved? Might it save more than the cost of setting everything up and leave one substantially better off than simply leaving everything as-is in a revocable living trust? If so, what are some of the issues or steps one would want to carefully consider before jumping into the LLC swimming pool?