Archived
What is the best way to protect your properties or assets. is it a trust, gift it , corporation, or what,
Douglass's answer
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Answered on November 20, 2012
A sound asset protection plan is tax neutral, and does not compromize ownership or control. You want to protect your risky assets (your business,...
Archived
How can i protect my real estate assets from breach of contract lawsuit?
Douglass's answer
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Answered on November 19, 2012
It is extremely important that you inmediately take action and contact an asset protection attorney. If you have not been notified yet, there is a...
Archived
Can I form ONE LLC to hold multiple investment residential properties in CA and MA? Can any lawyer help for both states?
Douglass's answer
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Answered on November 19, 2012
You can but is not a good idea for two reasons.
1. A s my colleagues stated in their answers, you would have to register the LLC in one of the...
Legal concern with pop corn ceiling at rental place
Douglass's answer
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Answered on November 19, 2012
If there is ANY concern that it may be a risk I would have it removed at your cost by a licensed contractor.
This brings up is the fact that as...
Archived
I have 17 rental properties, what etitiy should I use to protect all my properties. All my assets are rental homes. Thanks
Douglass's answer
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Answered on November 19, 2012
Is the reason you do not want to involve anybody else in your planning the fact that you are concerned they may take control over your assets? If ...
Archived
When writing articles, internet posts and reviews, is there a way to protect myself by writing under the veil of a company?
Douglass's answer
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Answered on November 19, 2012
I agree with my colleagues. A plaintiff may attempt (and succeed) to pierce the corporate veil of an LLC by holding you personally responsible...
Archived
Best way to protect personal assets ? LLC
Douglass's answer
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Answered on November 19, 2012
I agree with Mr. Monroe Smith. The two most important questions to be answered are 1. What net worth are you seeking to protect and 2. from who...
Archived
How can one protect their assets (home) from creditors?
Douglass's answer
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Answered on November 19, 2012
I fully agree with Mr. Fromm. If we are talking about existing creditors, you should be extremely cautious when changing titles/ownership of any of...
Archived
Multi-owner oregon apartment LLC, should I hold my percentage under my wyoming LLC or individually?
Douglass's answer
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Answered on November 16, 2012
If one of your main concerns is asset protection planning I do not recommend you to use an LLC, regardless of the state where it is filed, to hold...
Archived
How do I legally transfer my CA rental property into land trust & have the land trust make a single-member LLC the beneficiary?
Douglass's answer
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Answered on November 15, 2012
An LLC is an efficient legal tool for estate planning purposes and to separate liabilities generated by risky assets as for example investment real...
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