In legal terms, this is called “piercing the corporate veil.”

The main reason people put properties into an entity is they think it provides asset protection, but in most cases it does not and you can still be sued and they can "pierce the corporate veil", so you get no protection. 

You are unlikely to follow the operating agreement to a level that prevents a competent attorney from piercing the veil 2.

(for technical reasons such as if you don't properly maintain an LLC they can sometimes pierce the veil) 

An LLC/corp offers considerable protection from arms reaching into your personal life, while offering business opportunities, financial incentives, and tax breaks that you don't get by running around naked.As long as you don't "pierce the corporate veil", you're pretty solid.

Ask them how many separate bank accounts that will require, and how much separate accounting it will require to prevent commingling of funds and piercing of the veil.I want you to ask them if you could accomplish the same transfer with a Joint Tenancy in Common WROS (With Rights of Survivorship), if they say yes, ask why they didn't suggest that instead, or tell you it's likely under state law all your assets are getting transferred to your wife anyways, for ****ing free.Ask them how an active trade or business can be a holding company?

The veil could easily be pierced because the loans are in my name.

Given that it's unlikely you'll set it up in the right way in the first place and operated properly to avoid lawyers piercing the corporate veil.

But, then again, there are plenty of other potential issues to piercing ones corporate veil.Just be mindful that if you go "too" crazy on these asset protection plans, its gets complicated and pricey. 

I also have insurance on each property.An LLC protection can be easily by pierced by a good attorney.