Personal Asset Protection

[Thomas Shephard]

I understand creating an entity (LLC, etc.) for a flipping business to protect your personal assets from potential issues that arise on a property flip.

But my understanding is that if someone gets a judgment against me personally that all of my assets including LLCs are subject to that claim.

I already have a $5 million personal umbrella policy. Are there any other steps someone can suggest to add additional asset protection? Thank you!!

[Bill Walston]

@John Moore, a Land Trust is certainly beneficial when properly used. That being said, a land trust, in and of itself, provides NO asset protection. Unless you consider anonymity to be asset protection, that is :)