Does An LLC Really Protect You From Liability?
I think an LLC is very weak when it comes to protecting real estate. Can someone show me something different?
I think an LLC is very weak when it comes to protecting real estate. Can someone show me something different?
Mantis,
Where are you?
So does a land trust work in California in particular - I notice you are from there and another shrewd investor I know says he uses trusts in CA, - how do you structure them and is it state-specific?
Land Trusts work in many states, I just happen to live and work in California. It would take to much time to explain the structure and yes it is state specific.
Quote:
On 2005-09-04 01:43, Guntherpurdue wrote:
So does a land trust work in California in particular - I notice you are from there and another shrewd investor I know says he uses trusts in CA, - how do you structure them and is it state-specific?
I would love to answer your questions on the phone or in person.[ Edited by Darryle-CA on Date 09/05/2005 ]
Stockpro,
Do you have an attorney in Utah who knows land trusts/asset protection you would recommend? For property in Utah.
I agree with your post by the way BUT we could have lead paint lawyers go after us out of NY for assets already sold believe it or not -- we want to take all precautions possible. For a reasonable cost.
What are your thoughts on an LLC held by a family limited partnership which is in turned 98% owned by an offshore asset protection trust? I have been reading a lot about asset protection lately and it seems that more and more people are adding some kind of offshore protection into their legal structures.