We both own real estate, artwork, cars, investments, etc. and no children and want to make sure we plan for each others financial and tax safety, should something happen to one of us.
We're also wanting to set up an LLC on one of the homes to use as a rental investment property. He feels we don't have to spend thousands to set up a proper trust and can do it on Legal Zoom, but I'm worried as I keep hearing that it's not that easy to do.
What are the possible consequences of doing this ourselves? This is an area that is totally out of my realm of expertise.
Divorce LLC (limited liability company) Residential property Real estate Estates Estate property Taxes and estate planning Probate Incapacitation and elder law Trusts Irrevocable trust Special needs trust Living trust Revocable living trust Trust assets Trust beneficiaries Filing a lawsuit Tax law Purchasing a house