Land Trusts and LLCs

[Carlos C.]

Hi everyone. I've read almost every possible thread here about Land Trusts and LLCs, but, yesterday I received a message from a Lawyer that I'm considering to hire to setup my Landtrusts and LLCs, but he replied saying the following: 

"A land trust is meant to function like an LLC, meaning each is their own individual entity for asset protection purposes. One of the functions of a land trust is to avoid people needing to establish a new entity (LLC, corp) for every property they acquire. If someone was to obtain a judgment against your LLC, they could arguably try to levy on property of your LLC, which could beneficial ownership interest in the land trusts. It would be difficult for one to obtain a judgment against the LLC due to liability incurred relating to one of the land trusts"

Based on Biggerpockets multiple forum posts and many videos on youtube I've researched, that statement doesn't necessarily ring true.

Any thoughts?

Thanks everyone!!!

[Mike S.]

In Florida, the land trust statutes give some liability protection that is not available in other states.