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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] An easier way... Posted by Joanna M on February 28, 2010 at 7:43 PM In Reply to: An easier way... posted by Rick, the Probate Guy on February 28, 2010 at 12:28 AM HI, Rick: Thank you for your advice. I did read through Ward's introduction of title holding trust. Title holding trust will detach property from a person's name. So if someone is sued elsewhere, his/her real estate holding won't be affected. My concern is if a landlord is sued by a tenant, he/she has to come out of the title holding trust to face it. Title holding trust helps you hide, but will not truly protect you after lawsuits happen. If you put all your rentals(under different title holding trust) into one LLC and jack up your equity value, all that value can be harmed by one lawsuit. So, in order to limit the damage to that specific property,you still have to separate each one of them. Any good suggestions? Thanks in advance! Joanna : Not to contradict your advisor, why not discuss the following tactic: : Use one LLC to act as trustee and create a separate title holding trust for each property. : You could even hire a third party with an existing LLC to act as the trustee for probably less that the formation costs and annual franchise tax fee; maybe 200-300/yr. : What I suggest you do is to learn how to use these techniques to your benefit. Once you know how to create each trust, it's easy, quick and cheap. : Jach Shea and his Florida partner have a book on this topic. Also, our forum host Ward Hanigan teaches a half day, one-on-one course that will answer all of your detailed questions. Check it out on the side bar to the left under 'hands-on' training. : Hope this helps. Follow Ups: Re: An easier way... Buyer 8:53 PM, 02/28/10 (3) Re: An easier way... Joanna M 2:32 PM, 03/01/10 (2) Re: An easier way... dond 4:36 AM, 03/02/10 (1) Re: An easier way... Joanna M 12:41 AM, 03/03/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : HI, Rick: : Thank you for your advice. I did read through Ward's introduction of title holding trust. : Title holding trust will detach property from a person's name. So if someone is sued elsewhere, his/her real estate holding won't be affected. : My concern is : if a landlord is sued by a tenant, he/she has to come out of the title holding trust : to face it. Title holding trust helps you hide, but will not truly protect you after lawsuits happen. : If you put all your rentals(under different title holding trust) into one LLC and jack up your equity value, all that value can be harmed by one lawsuit. : So, in order to limit the damage to that specific property,you still have to separate each one of them. : Any good suggestions? : Thanks in advance! : Joanna : : : Not to contradict your advisor, why not discuss the following tactic: : : Use one LLC to act as trustee and create a separate title holding trust for each property. : : You could even hire a third party with an existing LLC to act as the trustee for probably less that the formation costs and annual franchise tax fee; maybe 200-300/yr. : : What I suggest you do is to learn how to use these techniques to your benefit. Once you know how to create each trust, it's easy, quick and cheap. : : Jach Shea and his Florida partner have a book on this topic. Also, our forum host Ward Hanigan teaches a half day, one-on-one course that will answer all of your detailed questions. Check it out on the side bar to the left under 'hands-on' training. : : Hope this helps. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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