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Updated over 5 years ago on . Most recent reply

Antonio Martinez's profile image
Antonio Martinez's profile image
Antonio Martinez
  • Flipper/Rehabber
  • from Whittier, CA
  • Member since Apr 23, 2019
  • Posts 28
  • Votes 10
  • Experience 13 Yrs
  • Investments 1
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Antonio Martinez's profile image
Antonio Martinez's profile image
Antonio Martinez
  • Flipper/Rehabber
  • from Whittier, CA
  • Member since Apr 23, 2019
  • Posts 28
  • Votes 10
  • Experience 13 Yrs
  • Investments 1
Connect
Antonio Martinez
  • Flipper/Rehabber
  • Whittier, CA
10
Votes |
28
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Tax, SDIRAs & Cost Segregation

SLLC VS REVOCABLE LIVING TRUST

Antonio Martinez
  • Flipper/Rehabber
  • Whittier, CA
Posted

I want to protect my assets. What is best an SLLC or a revocable living trust. What is better as far as protection against lawsuits

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Costin I.'s profile image
Costin I.'s profile image
Costin I.
  • Rental Property Investor
  • from Round Rock, TX
  • Member since Apr 14, 2016
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Costin I.'s profile image
Costin I.'s profile image
Costin I.
  • Rental Property Investor
  • from Round Rock, TX
  • Member since Apr 14, 2016
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Costin I.
  • Rental Property Investor
  • Round Rock, TX
951
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979
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Costin I.
  • Rental Property Investor
  • Round Rock, TX
Replied

@Antonio Martinez They work together, they are not same or one a replacement for the other. LLC is the one that gives you liability protection, the trust provides a layer of anonymity. Usually, an LLC is paired with a trust.

You are in California, therefore you get special treatment - a SLLC (or regular LLC) might not be the best option for you due to the $800 fee, I think Delaware trusts are the way to go for CA.

But here is a diagram to help you on your quest:

  • Costin I.
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