Archived
Calling all Florida Real Estate Lawyers, are land trusts really this incredible?
Several AVVO attorneys write articles about
Douglass's answer
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Answered on January 02, 2013
It is important for you to determine against whom or what you seek to protect your investment real estate: the IRS, a mortgage company, a tenant or...
Archived
I have rental property that I run under an LLC. The title is under my personal name. Can anyone come at my personal property?
Douglass's answer
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Answered on January 01, 2013
Yes, they can. Everything that is on your personal name (the rentals, your personal property and your liquid assets as bank and brokerage accounts)...
Archived
Help! I’m planning to buy rental properties in MO, OH. Should I form an LLC in NV and foreign register in MO, OH for privacy?
Douglass's answer
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Answered on December 31, 2012
I agree with my colleagues. Remaining anonymous will not protect you from lawsuits neither provide tax benefits.
LLC´s are efficient legal...
Archived
Should I register as an llc or wait until later?
Douglass's answer
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Answered on December 30, 2012
An LLC is an efficient tool to isolate the risks generated by a business. It will not protect your business neither your personal assets from...
Archived
How to setup a trust? How long does it take to setup? Is gifts from foreign sources to a trust taxable?
Douglass's answer
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Answered on December 28, 2012
A lot depends on what your main goals are: tax planning? - inheritance planning? - asset protection planning? Another variable is the total...
Archived
Do we need to consult an attorney or a Financial Advisor to understand how to protect some of my parents' assets?
Douglass's answer
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Answered on December 28, 2012
Congratulations. You are planning in advance. The earlier you start, the more options you will have. You need to schedule a consultation with a...
Archived
In a few months, I plan on buying a home in the Scottsdale, AZ area and for the first time, will not be financing. Because this
Douglass's answer
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Answered on December 28, 2012
The asset protection trust I recommend to my clients and prospects whose total net worth is above the 500k benchmark provides allows to you protect...
Can i be kicked out from an LLC? i do not have the majority and there are 3 of us
Douglass's answer
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Answered on December 27, 2012
The operating agreement that governs your LLC should describe how and on which terms a partner of the LLC can be removed. If it fails to do so,...
Archived
Asset Protection in the event of a lawsuit
1. What is the best way to protect liquid cash in a bank account (less than 300K) ?
Douglass's answer
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Answered on December 26, 2012
1. To protect liquid assets as bank and brokerage accounts, I recommend a legal tool that is specifically designed for asset protection purposes: a...
Archived
Single Member LLC versus higher liability insurance for SFR rental properties
Douglass's answer
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Answered on December 26, 2012
I agree with my colleagues. An LLC is a very efficient tool to hold and manage investment properties and to isolate the risk they generate....
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