When a limited liability company owns real estate, it has the advantage of offering protection of the liability of the members` personal assets in the event of a situation in which the limited liability company has been involved in a dispute. For some real estate, especially when several generations are involved in owning real estate, a trust is a good option for owning a cottage or sea house. A trust can contain the terms of the agreement for the property and is a way to retain ownership of the property and transfer it between generations without the need for an estate.. . . .