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Updated about 5 years ago, 11/05/2019

User Stats

137
Posts
125
Votes
Jennifer Gligoric
  • Specialist
125
Votes |
137
Posts

Still buying houses in your name or an LLC?

Jennifer Gligoric
  • Specialist
Posted

Are you at risk as an investor?

1 - Do you have any properties besides your personal residence that are in your name?

2 - Do you do business (write checks, contracts, pay contractors, etc.) and sign your name?

3 - Does your estate plan just include a will and medical directives and lacks two different powers of attorney and a pour-over will?

4 - Do you have a retirement account but not one that is self-directed and allows for checkbook control?

If you answered yes to any of these questions, you are at particular risk of either a lawsuit, having your estate tied up needlessly in probate, or losing out on powerful tax benefits available to real estate investors.

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