California Proposition 19 and Real Estate
Wednesday, January 06
For those living under a rock, Proposition 19, a California ballot measure, modifies Proposition 13 (which limits increases of real property tax to two percent per year unless reassessed due to sale or transfer) and Proposition 58 (which allows property owners to transfer their primary residence ...
Arizona Limited Partnership Over a Wyoming LLC
Tuesday, October 06
This is one of the most common questions I get “why not use a WY LLC as the holding company for my assets?” Now, I am not against the WY LLC. Using a WY LLC is not per se wrong. It has its place. Over all it has fewer benefits and more risk if we ever did end up in a legal gunfight in court over ...
Secrecy, Anonymity LLC, and Asset Protection
Saturday, August 29
There is this false narrative or myth that is going around. That anonymity LLCs are an actual way to people to evade taxes, or for landlords to avoid being identified to evade lawsuits. The essential idea is that Anonymous LLCs are where the LLC member names are not available publicly. Your perso...
Series LLCs Made Simple
Tuesday, August 25
Very strong asset protection requires a few layers. Just like dressing for winter. A good asset protection attorney uses tools ranging from LLCs to FLP and offshore asset protection trusts. One strategy we have discussed a lot is the use of LLCs to shield individuals from risky assets. Risky asse...
Family Limited Partnerships (FMLP)
Saturday, August 15
Limited Partnerships actually originated way back from the time when European shipping businesses began to operate globally. That’s right. A very long time ago. The goal in creating these limited partnerships was to allow multiple individuals or businesses to invest in a venture without being lia...
Safe vs Risky Assets?
Friday, August 14
I see a lot of initial clients and investors not understanding the different level of risk and liability of assets. One of the worst mistakes an individual can make when creating an asset protection plan is to mix safe and risky assts. For example, placing your real estate property in an LLC with...