My JRT (joint revocable trust) that I already have and buy umbrella policy.  

I'm familiar with insuring properties which have a trust tied to them (land trust, irrevocable trust, revocable trust, etc.). 

Both record owner and equitable owner need to consent to the new security interest. 

If you and your dad are partnering for the long term, you guys may want to consider putting it into a revocable grantor trust where you guys can amend the beneficial interest where needed.

It was at this point that I realized something had gone wrong.Yesterday, the Manager called me and it became clear that they had leased the property to the tenant without my written consent.

One thing to clarify, we held our properties in a Revocable Trust and want to purchase in an LLC. 

So I've solved this by getting the applicant's explicit written consent to allow the property manager and landlord to share rental applications and screening reports.

For context and without going into the details of my situation, they recommended setting up a revocable trust and then setting up a Wyoming LLC as a holding company, then setting up a New York LLC owned by the Wyoming LLC holding company to hold the property for the asset protection and anonymity.However like I said I am getting conflicting information/advice.

For context and without going into the details of my situation, they recommended setting up a revocable trust and then setting up a Wyoming LLC as a holding company, then setting up a New York LLC owned by the Wyoming LLC holding company to hold the property for the asset protection and anonymity.However like I said I am getting conflicting information/advice.

A few more clarifications: The revocable trust we have has many other assets attached too including primary residence, bank accounts etc which we don’t want to attach to the LLC.