If you are interested in protecting your property from creditors, you have a lot of options. I can’t write about every option that’s out there, but I’ll talk about a couple common techniques and a general strategy overview. By the way, in this case we are talking about real property as opposed to other types of property.
[Read more…] about How can I protect my property from creditorsCan I live in a property owned by my LLC
One of the most common questions we receive is whether you can live in a property owned by an LLC. If you’re talking about your primary residence, there are some issues to think about. Those include taxes, mortgage issues, and whether an LLC would serve any purpose since a primary residence isn’t really a business.
Colin Ley is an asset protection attorney and the creator of the PREP Trust® and Better LLC™. He is also the co-founder of LayRoots (along with with partner in life & business – Shreya Ley)
Being successful in America makes you a target for bogus lawsuits from shameless lawyers. We created an effective, asset protection solution, so you don’t have to worry anymore, happily knowing your family’s future is protected. Get started now by scheduling a free, 30-minute call at livemorecarefree.com.
Colin Ley is an asset protection attorney and the creator of the PREP Trust® and Better LLC™. He is also the co-founder of LayRoots (along with with partner in life & business – Shreya Ley)
Being successful in America makes you a target for bogus lawsuits from shameless lawyers. We created an effective, asset protection solution, so you don’t have to worry anymore, happily knowing your family’s future is protected. Get started now by scheduling a free, 30-minute call at livemorecarefree.com.
Roadblocks
A big tree blocked the road out of our house today. It fell down during a massive wind storm. It made me think about the roadblocks I see in my work as an asset protection attorney.
1) Many people put up a big roadblock between themselves and setting up an asset protection plan. A roadblock between them and those of us who don’t have to worry about the threat of a stupid lawsuit.
2) Asset protection is about putting up roadblocks between you and the scheming attorneys who will make up anything to sue you and take your assets. The roadblocks discourage these attorneys from continuing. It makes them look for another victim.
[Read more…] about RoadblocksWhy we don’t recommend land trusts (part 2)
“What about these land trusts I hear about?” is a common question we get.
Land trusts are often promoted as a tool for beating a due-on-sale clause and for asset protection.
We don’t recommend them to clients because we don’t think they work for either of those goals. They give the illusion of achieving those goals, but reality is a different story.
[Read more…] about Why we don’t recommend land trusts (part 2)Why we don’t recommend land trusts (part 1)
“What about these land trusts I hear about?” is a common question we get.
Land trusts are often promoted as a tool for beating a due-on-sale clause and for asset protection.
We don’t recommend them to clients because we don’t think they work for either of those goals. They give the illusion of achieving those goals, but reality is a different story.
