Question: Do you recommend a different Trust for each individual property I own? K. Hoover Answer: Holding properties in separate legal entities is a good idea for asset protection purposes. A misguided scenario I see too often is to hold them in various land trusts. It doesn’t matter who the beneficiaries of the land trusts […]
Beginning a business doesn’t have to cost much money. You can fill out and file the forms you need by yourself. Just be certain you take the time to be educated about the business form you use and why. I am bullish on the LLC.
Q. Can an insurance company use your FICO score to raise your insurance premiums up on your personal residence if the trust owns the property? I plan to cancel the policy and have it re written in the trust name. A. Insurance companies have figured out that
One of the most commonly “missed” properties that should be owned by your living revocable trust is your LLC or corporation. One of the principal uses of a revocable living trust is to avoid probate. However, the majority of people who get a living trust don’t avoid
