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Updated over 2 years ago on . Most recent reply

User Stats

79
Posts
77
Votes
Brian Stutzman
  • Investor
  • idaho falls, ID
77
Votes |
79
Posts

Asset protection- best way to hold a few paid off homes?

Brian Stutzman
  • Investor
  • idaho falls, ID
Posted

My wife and I are nearing retirement and own a couple of homes that are finally paid off and we want to keep them long-term.  So this is simple.  No partners, no mortgages, nothing funky. We are looking for the best way to hold our properties for the long haul - the safest way as far as asset protection.  Trusts, land trusts, LLCs, Series LLCs, - tons of options.  We have lots of insurance, and see Anderson Ads and are near a KKOS office- things I have read about.  Our #1 goal is to simply hold our property safely where they can not be sued away from us.  We also have a S CORP for our business of 25 years ...we just want each asset to be protected from something gone bad with another asset.  (For example an employee of the S corp drives his company truck into a crowd of people and we get 25 lawsuits and they try to come after everything we own).  We have a lot of insurances, just want ideas on how to hold assets for the long term safely.  All assets are in Idaho.  Thanks in advance. 

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