Does an LLC really protect me?

[Dan Perrott]

I am looking on how I can protect the asset and myself personally from a lawsuit by the use of an LLC.

If I change the title over to an LLC but the loan is still in my name, I have read that I can be still held personally responsible especially if there is equity there. It can open the door into other personal assests outside the LLC.

I have also read that having high quality, high limit insurance can be enough.

I have also read that some people use an LLC as a pass through as a property management business. In other word - layering the LLCs.

I am planning to meet with a lawyer but I want to learn about what others are doing.  I need to educate myself first.

Any insight would be awesome.  Books to read?