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by mindslight
810 days ago
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I've read a bit about asset protection. The big problem I see is that how do you trust advice/strategies from any given advisor/attorneys will actually hold up, rather than simply being an expensive piece of paperwork that gets disregarded right as it's needed. Perhaps I'd feel differently if say I were in one of the few states that explicitly respected self settled asset protection trusts. But as things stand I'm somewhat salty that say even a straightforward LLC seemingly can't be relied upon to protect from the liability exposure of owning a rental property, when done by an individual. Meanwhile corpos have successfully convinced courts to create post-facto liability shields between business units that hadn't even been structured that way ahead of time. |
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