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Protect your assets by not holding them in your own name. Put rental properties in an LLC, then put that LLC in a trust. This creates layers that shield your wealth from lawsuits and creditors.

Protect your assets by not holding them in your own name. Put rental properties in an LLC, then put that LLC in a trust. This creates layers that shield your wealth from lawsuits and creditors.
One of the best ways to protect what you have is to own nothing personally. If your name is not on the title of the assets that you have, you've got a much better chance of keeping them. If you were to get sued, most every asset that you own in your name is fair game. Do you have rental property? Hold it in the name of an LLC and put that LLC in your trust.

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