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Updated 12 months ago,

User Stats

40
Posts
15
Votes
Vidit Maini
  • Investor
  • atlanta
15
Votes |
40
Posts

Asset protection guidance

Vidit Maini
  • Investor
  • atlanta
Posted

Dear BP community,

I am a 50 year old immigrant and have worked hard to make a life for myself.  I have a net worth of ~2-3M in the form of a primary, secondary home, a rental property, and savings/CD accounts and a W2 FT job. I intend to embark on a business venture which is high risk and high reward. Before I do so, I want to take steps to protect my assets. The nature of the business will be such that lawsuits and claims are expected. I am consulting anderson advisors but not convinced that I should hire them. I am requesting you to share your suggestions on which vehicle i should use to protect below assets. I know I am asking for a lot but my experience at BP has been fabulous and the knowledge I have received from this forum has been so much wiser than any professional I have come across (yet). If you have names of attorneys you can recommend , that will also be of immense help. Thanks in advance and God bless!

1) Primary home - GA - titled to me - Trust or LLC or both

2) Secondary home - GA - titled to spouse - Trust or LLC or both

3) Rental property - GA - titled to me - 

4) Savings/CD Accounts - 1M - GA 

5) W2 income  (self and spouse)

Thanks,

Vidit

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