Question on Trust Vs LLC

[Chris Masons]

Are there any other benefits to putting a property in a trust VS LLC aside from when in a trust there is a beneficiary designated should the trustee pass away so it is clear who the property would go to.

I guess this is a 2 part question, When held in a trust are you still getting the protection as if it is being held in a LLC? IOW - in event of lawsuit worst they can take is the property and not personal assets while held in a trust?

thx in advance,
Chris

[David Beard]

The land trust will offer a veneer of privacy, but if you already own the property in your name, then it's too late to transfer it, as you are already named on the chain of title. Just keep that in mind. If you do it right on the front end, you can effectively mask your identity AND mask amount of real estate held by using trust+LLC, and an unrelated registered agent.