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Updated 11 months ago on . Most recent reply

User Stats

53
Posts
26
Votes
George Duchatelier
  • New to Real Estate
  • Ohio
26
Votes |
53
Posts

Revocable Trust and LLC question

George Duchatelier
  • New to Real Estate
  • Ohio
Posted

I don't know if anyone can help but i have a question, hopefully someone can answer. First off, i live in Florida and my rental property is in OH. My trust was created and follow the rules of FL, if that makes any difference

I purchased a home and transferred the deed into my trust. Now i feel like i should create an LLC just incase for protection. Do i create the LLC and then add it into the trust? Or do i create the LLC and make the trust a "partner" ? What do I then do with the deed if anything?


Im confused on what needs to be done so that my rental property is protected by the LLC! Help!

Most Popular Reply

User Stats

83
Posts
79
Votes
Richard Bechtol
  • Attorney
79
Votes |
83
Posts
Richard Bechtol
  • Attorney
Replied

So, what you could do is retitle the property into the LLC for the asset protection and then assign the LLC into your revocable trust.

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