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Updated over 5 years ago,

User Stats

134
Posts
22
Votes
Jay Y.
  • Real Estate Agent
  • Atlanta, GA
22
Votes |
134
Posts

How to structure holding company of my rentals

Jay Y.
  • Real Estate Agent
  • Atlanta, GA
Posted

Hi all,

I went to have a living trust drafted for my personal home and vehicles and asked the attorney if I should add the living trust as beneficiary of the holding company that owns all my rentals (holding company is just owned by me at the time).  He actually suggested that I make the living trust as owner of the holding company.  

I can see his point that it would provide an extra layer of protection if a tenant were to sue me however I don't like the fact that I could be putting my personal home and cars at risk.  That plus I'm losing the anonymity of where I live and what I drive.

What do you guys think, make the living trust the owner or beneficiary of my rentals' holding company??

Thanks so much!!!

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