Keep your name out of it

21 Aug 2024 · 1 min

Watch on YouTube

0:38

In this short instructional video, the speaker advises against holding real‑estate titles in one’s personal name. He recommends placing personal residences into a revocable living trust to bypass probate and keep family assets intact, while placing investment or rental properties into a limited‑liability company (LLC) or similar corporate entity to obtain liability protection. The speaker explains that an LLC shields personal assets if a tenant sues, and a revocable trust allows beneficiaries to inherit without probate delays. He warns that owning property directly exposes the owner to higher costs, legal risk, and unnecessary exposure. The video ends with a promotional call‑to‑action inviting viewers to click a picture, link, or sign up for a newsletter.

Chapters

Don't buy property in your own name. If it's personal property, buy it in the name of your revocable trust. If it's investment property, buy it in the name of an LLC or some other corporate entity. The LLC will give you liability protection. For instance, if it's a rental home, buy it in the name of an LLC. If you get sued by someone who rents your home, you'll be protected. Your personal assets will be safe. Buying your personal home in a revocable trust would allow your beneficiaries to get around probate. If you're buying all your property in your own name, you're subjecting yourself to a lot of additional expense and risk. Now say it with me: click my picture, my link, or my newsletter