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LLC or Trust to hold investment property?
Hi members,
What is the preferred way to hold investment properties? My attorney(estate planning attorney) suggested two options.
1. LLC or...
2. My JRT (joint revocable trust) that I already have and buy umbrella policy.
On BP forum it's usually mention of LLC or personal name with umbrella policy, don't remember mention of JRT.
What would you recommend and why? Thanks in advance!