I rent out a 2nd home - should I put it in an LLC to protect my assets?

An LLC is an excellent legal tool for isolating the risk generated by a risky asset like an investment property..However, it does not provide total...

Is there a legal structure that can protect ones house and other assets from any law suits?

Everybody can sue whoever and for whatever reason. This is how the US legal system works. Whether a plaintiff will achieve what he or she pertains...

Liquid Asset Protection for Business

An LLC is an excellent legal for isolating the risks generated by a risky asset such as a business or an investment property. However, if LLC A...

We own three rentals that are in our name. How do we convert each of them to an LLC to avoid possible liability suits?

The question on how many properties you should put in one LLC depends on their current value and the overall equity. I recommend a benchmark of...

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3 married siblings inherited non-working farm intended to keep for family recreation How to protect current status

An LLC is an excellent legal tool to isolate the risk generated by a risky asset such as a non-working farm. However, it will not protect the...

How to protect a owned home when needing to go into assisted living facility? Qualifies for Medicare/Medicaid

Timing is crucial and this kind of situations. You should schedule a consulation with an Elder Law Attorney as soon possible. The Avvo Search Tool...

How to best protect savings from suit?

1. If you own a business and/or are a professional with specific exposure, the basics are of course good business practices, proper book keeping...

Best way to legally structure a small business in Az. that offers the most protection of personal assets and has tax advantages?

From my perspective as an asset protection attorney, any asset protection plan should be tax neutral and not compromise ownership or control. In...

From my perspective as an asset protection attorney, huge tax benefits and legimitate and sound asset protection planning usually don't fit...

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The absence of a prenuptial agreement makes things much more difficult for your sister. The answer to the question whether a trust would be...