LLC - Protect My Real Estate
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Injuries on your property could lead to a lawsuit that could cause you to lose many of your assets, and insurance companies can often find loopholes to avoid paying all (or any) of the amount that is owed. This is something that many people may not think about and it could lead to a loss of many of your assets if they aren’t protected. |
In today’s uncertain and volatile economic climate, real estate investments are not always safe. Now, more than ever, it is important to ensure that your real property is protected from the claims of would-be creditors by having it owned in an LLC. Unfortunately, many individuals fail to take the appropriate measures to protect their assets. They remain at risk of a future creditor obtaining a judgment against them and seizing and selling everything they own. The likelihood of losing property can be greatly diminished by utilizing various asset protection strategies.
There are a variety of methods available for protecting investment property.
- LLC or Limited Liability Company. You can transfer title to the property into an LLC. Establishing an LLC as owner of the property offers various layers of protection. If a creditor obtains a judgment against you, he will, not be able to attach your assets in your LLC.
- Creative use of a Pre-Inheritence Trust (PIT). A PIT for your children (being set up and funded by you not the children), can own an LLC of which you are the manager. The benefits of this technique are huge. The assets in the PIT and it's LLC are outside your and your children's estate and are 100% asset protected. You as the LLC's Manager can take a salary.. Properly drafted a PIT precludes a creditor of a trust beneficiary from seizing and selling assets and property owned by the trust.
Employing a comprehensive asset protection strategy is essential for protecting and preserving your real estate. If an asset protection strategy is utilized early in the game, your assets can remain in your control even if a judgment is entered against you. However, if a creditor’s claim arises before your assets are adequately protected, you may lose them.
| Additional Techniques We Use in the Appropriate Circumstances:n |
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- Selling the Real Estate and Protecting the Cash Proceeds. Cash Can be Fully Protected
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- International Equity Stripping
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We do not limit your planning to any one strategy; however we do limit ourselves to legitimate time-tested business and asset protection structures. Our job is to help you build and implement a compliant strategy that fits your life-long needs. Your plan can encompass your business, your home, your personal life, your generational wealth, as well as your succession planning. We start out with the premise that all options are on the table and then develop a strategy that meets with your goals in this ever-changing global environment. |
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Secure Your Financial Future Now! Call Us Today 1-818-906-0126
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