Wyoming Land Trust and Statutory Trust use for Asset Protection & avoid CA LLC Fees

[Lee G.]

Has anyone used or evaluated the use of Wyoming Land Trusts and/or in combination with Wyoming Statutory Trusts for anonymity and/or asset protection, for Non-Wyoming state real estate? 

I have several properties in CA, Louisiana, and Texas and would like not to have my personal name publicly connected to them for anonymity purposes and also protected from claims/lawsuits the same as an LLC would protect me. I am a CA resident. The only issue with actually using an LLC for each property is the fees that would be required for each, especially CA.

[Randy Rodenhouse]

I think the best thing to do with the set up an LLC in your state to start. Many people spend a lot of time on asset protection and they have no assets or only a few assets to protect. I spent a lot of time setting up a NV LLC and it was a big waste of time and it costs a lot of additional money and not just one time but each year.

You could have each property deeded into a trust (like a land trust) and have the beneficiary of that trust be your LLC which will give you anonymity (from trust) and the LLC gives you asset protection. Your LLC could own more than one property in that scenario and avoid some of the CA fees.