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Updated about 12 years ago on . Most recent reply

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Liese Lemaire
  • Greenbrae, CA
0
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LLC's held in the name of family trust?

Liese Lemaire
  • Greenbrae, CA
Posted

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

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