Thanks Kingside for your perspective but it sounds like your advice is geared more towards people that have debt or plan to have debt or hiding, etc. Those things don’t apply to me.
Obviously I’ll have plenty of umbrella coverage as well. Heck, I’ve never had any problems at all with lawsuits (and don’t plan to 🙂 ) but just doing this on the advice of an attorney.
Definitely I understand that having a property under an LLC doesn’t prevent lawsuits. But it still sounds like it’s a good vehicle if set up properly under the guidance of an experienced asset protection and estate planning attorney.
