![]() |
|||
![]() |
|||
![]() |
|||
|
Counsel Paralegal Associate Advisory Co-Counsel Our law firm provides second opinions concerning your current asset protection/estate planning structure. We are available for speaking engagements to your group or organization. |
Question 2. I own several rental properties. What can I do to protect myself from lawsuits by tenants or their visitors. Answer. There is no easy answer with such little information. If each property is quite valuable (e.g., with a net FMV of $250,000 or more, then you might consider establishing a properly-drafted separate Limited Liability Company ("LLC") for each property. The purpose of using multiple LLC's is to prevent one problem property from contaminating all of the properties should a major liability occur and, thus, each LLC and its property is separate from the other LLC's, or, you might consider combining some of the lesser valued properties into one LLC. A key question is - are you married and, therefore, do you live in a community-property state? Please keep in mind that the vast majority of the states do NOT limit a creditor's remedy to a charging order and, thus, the creditor may eventually be successful in obtaining the sale of your charged LLC interest. |
WARNING! READ THIS BEFORE PROCEEDING WITH ANY ASSET PROTECTION PROGRAM
CALL TODAY! 989-539-3996 |
|
|
CALL TODAY! For a FREE 20 minute phone consultation! 989-539-3996 cpc@professionalassetprotection.com Office Hours - Monday - Friday 8 am to 6pm Eastern Standard Time(EST) NO CALLS ON SATURDAY OR SUNDAY FOR COMPREHENSIVE ASSET PROTECTION/ESTATE PRESERVATION CONTACT US NOW! |
|||