Insurance
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 12 years ago,
LLC's held in the name of family trust?
My husband and I own a number of single family rental properties in Oregon and California. We are having LLC's drafted for each and every property. We hired a lawyer for all of our rental properties in Oregon because its very reasonable to have them drafted up there. Not the case in California. We were planning on using a service like RocketLawyer for California properties. My big question is we were planning on using our family trust as the owner of the LLC's. Obviously we live in a lawsuit friendly world and my biggest concern is proper protection. We have great insurance including a personal PLUP and commercial PLUP. I just want to get other peoples opinions of using a family trust to hold ownership of all LLC's versus us using our names and being equal partners? Thanks