OK, here is my general rule. I will IM anyone specific names if you want.
Trust v. LLC (limited liability company)[/u].
1. Pro - an LLC is something everyone understands and there are easy form for use.
2. Con - an LLC is in the public record so you can look it up and see who owns it.
3. Pro - an LLC is in the public record and it can be looked up on any handheld device and you can see who owns it. This is the same as number 2 but presented as a pro because is law enforcement wants proof of you entity they can get it instantly on line.
Many of my lawyer piers swear by the Class III trust agreement. I have seen them and they are very nice. I personally like a Class III LLC Operating Agreement. I think either one will work.
[u]Lawyer v. Non-Lawyer for either entity.
1. Owning a controlled device is a big deal, your documents should treat it like it is.
2. I know the federal government seems to have it out for trusts. They do not seem to have the same hatred for corporations and LLC's.