Counsel
Paralegal Associate
Advisory Co-Counsel
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Counsel Paralegal Associate Advisory Co-Counsel WARNING! READ THIS BEFORE PROCEEDING WITH ANY OTHER ASSET PROTECTION PROGRAM Our law firm provides second opinions concerning your current asset protection/estate planning structure. |
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. |
We have worked with a Nationwide Clientele for over 36 Yrs. Give us a call today for a CALL TODAY! 989-539-3996 INVESTMENT ADVISORS, CPA's, MONEY MANAGERS |
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FOR THE MOST COMPLETE AND COMPREHENSIVE ASSET PROTECTION, WEALTH PRESERVATION AND ESTATE PLANNING SOLUTIONS CONTACT US NOW! CALL TODAY! For a FREE 20 minute phone consultation! 989-539-3996 We are available for speaking engagements to your group or organization. cpc@professionalassetprotection.com Office Hours - Monday - Friday 8 am to 6pm Eastern Standard Time(EST) NO CALLS ON SATURDAY OR SUNDAY |
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