LLC or Not from a Liability Standpoint?

[Jill Keller]

Hi, I'm looking into potentially putting a couple of rental properties into an LLC, more from a liability standpoint than anything else. I have umbrella insurance under my personal names currently so I'm wondering if the umbrella insurance would cover me in the event of some liability

Questions:

- Am I better off keeping the rentals in my name since I have umbrella insurance? or are there more advantages of transferring into an LLC and getting umbrella insurance for the LLC?

- What are the pros and cons to each of the above situations?

Thanks!