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Updated over 11 years ago, 08/22/2013

User Stats

38
Posts
7
Votes
John M.
  • Midlothian, VA
7
Votes |
38
Posts

More protection than an LLC ???

John M.
  • Midlothian, VA
Posted

I'm curious what everyone does to protect themselves from lawsuit when investing in rental properties.
I see that just about everyone does an LLC, but looking around on the internet, I also see people talking about things like: Irrevocable trusts, living trusts, and doing your LLC in states like Nevada, Delaware or Wyoming where the laws favor LLC owners.

Does anyone here do anything beyond just an LLC + Umbrella Insurance?
Any advise/recommendations?

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