All Forum Posts by: Jennifer Gligoric

Hey Andrew,

While you can always restructure, the ideal structure is one where you have layers of protection to make a lawsuit very unattractive in terms of recovery for an attorney to file against you. One that is structured so that finding out who you are & what you own is a lengthy, expensive and prohibitive battle. Simply having a single LLC won't necessarily do that. The utilization of private anonymous land trusts paired with the power of a Series LLC or if you have properties in CA, MA or DE a DST, is the ideal protection for REI's currently in most situations.

Worst-case scenario protection should include an asset protection strategy that is tailored for our business and layered, preferably utilizing anonymous structuring when applicable.

Hope this helps.

Jennifer

If you’re the type of person who can’t get the song “All I Do Is Win,” by Dj Khaled out of your head, you’re just the person we’re looking for. Not only is the song catchy, but it also speaks the truth for investors and entrepreneurs when it says “got money on my mind I can never get enough.”

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You may also find us on the web at LeafyLegalServices.com or learn more in this brief (<90 sec) Animated Video

Have you thought about Instagram?  IGTV is pretty hot and unlike other media - IG appeals to travelers and vacationers, having great mini vids with direct links to your booking page along with good hashtag discovery might be well worth it for you. 

You do not need a CPA to set up a SDIRA, we do these all the time,  though I would recommend you advise with a CPA regarding the restrictions & tax implications of 403B though you should be able to rollover the 403b into the 401k with no issue.

A Solo 401k is only available for self-employed individuals who have no other employees other than their spouse. If you are not self-employed or starting a new business you need to consider the SDIRA.

You can contribute up for 52k a year in a Solo 401k, as well as, much greater flexibility into what you are able to invest in - real estate, precious metals, those are viable investment options which are not offered by traditional plans - hence why this is so valuable for REI's. An example, instead of using a LLC, if a Solo 401(k) uses a non-recourse business loan to purchase real estate the owner will not have to pay that 40% UBTI tax on any income generated by that property. There is also no UDFI tax if you leverage to buy real estate with a Solo 401k - but there can be (it depends) with a SDIRA.

A SDIRA, if you are not self-employed or starting a new business, should be structured for REI's as a self-directed IRA owned business trust. You will need to have a 3rd party custodian and SDIRA custodians can't give financial or investment advice, but having the right structure is important to understand how to avoid UBTI. Also, with a SDIRA there are three different types of transactions that could fall under the prohibited transaction rules: Direct, Conflict of Interest, and Self-Dealing. You need to be familiar with this as well and work with a company that can help you.

We always recommend REI's have a CPA or CFO service to work with, in the end, the right partner there can not just save you money but help you make more money.

Have you always been someone who’s been considered “an independent thinker?” Most investors and entrepreneurs are! Just like Steve Jobs, you have a vision and you want it executed correctly while maintaining control.

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Our end-of-the-year tax prep season discount is here, get a personalized in-depth confidential consultation now for only $99.00.

Call (409) 761-1671 and use this code: BPQ41019

Find us on the web at LeafyLegalServices.com or, for you visual learners, check out this brief (<90 sec) Animated Video

Are you at risk as an investor?

1 - Do you have any properties besides your personal residence that are in your name?

2 - Do you do business (write checks, contracts, pay contractors, etc.) and sign your name?

3 - Does your estate plan just include a will and medical directives and lacks two different powers of attorney and a pour-over will?

4 - Do you have a retirement account but not one that is self-directed and allows for checkbook control?

If you answered yes to any of these questions, you are at particular risk of either a lawsuit, having your estate tied up needlessly in probate, or losing out on powerful tax benefits available to real estate investors.

Leafy Legal Services are experts are making sure that your assets and future plans are protected with tax strategies that allow you to grow your wealth. Our end-of-the-year tax prep season discount is here, get a personalized in-depth confidential consultation now for only $99.00.

Call (409) 761-1671 and use this code: BPQ41019

You may also find us on the web at LeafyLegalServices.com or learn more in this brief (<90 sec) Animated Video

We all love the holiday season. Thanksgiving dinner, Christmas morning, and cherished memories to go around. It’s the time to spend with your loved ones and feel thankful for all the world has offered you.

Although the holiday season is nice, here at Leafy Legal Services, we consider tax prep season to be in the top 3 favorite holidays. What’s better than cozying up next to the fire, stockings hung, and crunching the numbers?

Well… maybe tax prep season isn’t for everyone. That’s where we come in. If you have found yourself underprepared for the tax season coming up, stop stressing!

Our team are experts who make sure that your assets and future plans are protected. We are passionate about what we do and we want people to keep their minds on the holiday season they enjoy, so we can work on the one we love.

“But preparing for the tax season is so expensive! I can’t trust anyone to do it right!”

There’s that stress again! Like we said, there’s no need for that, we got your back!

Our end-of-the-year tax prep season discount is here, get a personalized in-depth confidential consultation now for only $99.00.

Call (409) 761-1671 and use this code: BPQ41019

You may also find us on the web at LeafyLegalServices.com or learn more in this brief (<90 sec) Animated Video

I just got off a podcast with Denise Shroder, she's a Realtor in Oklahoma & she's a RCS-D™ | Real Estate Collaboration Specialist - Divorce™ specialist. She also added (because after the show when she mentioned this it brought up this question) that 

1) She needs a lawyer and try and find one that has experience with mental health/addiction issues because that can help your family member and 

2) Get a Realtor who has the Divorce specialist certification designation because high-conflict buy/sales need specialist experience and can really help your family member with things a regular Realtor might overlook.   

I didn't even realize this was a specialty until Denise brought it up today.   She also highly recommended the book by Laurel Starks "The House Matters in Divorce: Untangling the Legal, Financial & Emotional Ties Before You Sign On the Dotted Line".   

By the way, if she wants to reach out to her - she's been on Oprah, HGTV 3 times and is really an amazing woman or just read her credentials - her & her husband can best be found on Facebook (@tdshroder).

You’re not wrong, if you didn’t go with us (Leafy Legal Services) it could quite possibly be too much paperwork. Who wants to deal with that? You guessed it, we do.

Take a load off and relax knowing that Leafy Legal Services is taking care of you. Around this holiday season, you’re too busy keeping track of family dinners and the kid’s Christmas presents that you don’t need another thing on your plate.

Creating and running a business is hard enough as it is, don’t let a potential lawsuit take away the assets that you worked so hard for.

Here at Leafy Legal Services, we are experts who make sure that your assets and future plans are protected. Our team is passionate about what we do and we want to help as many people as possible to finally finish what they’ve started and get the protection they deserve.

***Our end-of-the-year tax prep season discount is here, get a personalized in-depth confidential consultation now for only $99.00.

Call (409) 761-1671 and use this code: BPQ41019

You may also find us on the web at LeafyLegalServices.com or learn more in this brief (<90 sec) Animated Video

She immediately needs a lawyer   Her leaving the marital property will be seen as an issue if she does not have police reports that support the abuse.  She needs to immediately ask a lawyer about getting a temporary restraining order in place that forces the abusive spouse to leave for the safety of the children & her.  This is not legal advice; just common sense but she has to do this now.  The longer she lets the husband stay in the home the more it goes against her - even if she's paying. Depending on how long they were married and how long he was out of a job, he might ask for spousal support & maintenance - her waiting & not being as aggressive as possible only makes his case seem like he's the injured party which is the hallmark of abusers.  They spend lifetimes learning how to beat down everyone around them weaving their tales of being the victims & using the system as a battering ram against their own victims.  I will pray for her & those poor kids.