LLC Protection vs Real estate Land trust

[Rob Peluso]

I own 3 rental properties in different states and am looking to protect my personal assets. I thought that LLC would be my best option, but I've also been told that if the LLC is in you own name with you as the managing member this could potentially open your personal assets to lawsuits. Any suggestions on how to increase the corporate veil? Is there a way to structure the setup of the LLC using real estate privacy land trusts or revocable living trusts to better cover your assets?

[Dave Van Horn]

@Rob Peluso

Good question. One way is to have more than one member in your LLC. Another strategy could be where you have the trust be the majority owner of the LLC - which an estate planning attorney could help set up.

Best,

Dave