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Updated almost 4 years ago on . Most recent reply presented by

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Maia Garcia
  • Rental Property Investor
  • Glen Allen, VA
1
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6
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Gift Deed Royal Legal Solutions?

Maia Garcia
  • Rental Property Investor
  • Glen Allen, VA
Posted

Hello,

We are in the process of possibly moving forward with RLS. Can anyone offer any feedback (positive or negative) with regard to their service, in particular the series LLC. Did you have to sign a gift deed transfer to Scott Smith as a trustee? Any feedback is greatly appreciated!

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294
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165
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Daniel McNulty
  • Financial Advisor
  • Indianapolis, IN
165
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294
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Daniel McNulty
  • Financial Advisor
  • Indianapolis, IN
Replied

@Maia Garcia

I have never heard of them, but it is very unusual for the attorney to ask for a gift deed. What exactly is he asking you to gift to him? Is he asking you to gift him something in lieu of paying for his services for cash? If so, that sounds real fishy...

There is nothing complicated about setting up a Series LLC, as I have done it in the past. It certainly never required a gift deed to our legal team.

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